Wealth of Women

Posted To:

MBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 103-17 : +0-03 FNMA 4.0 105-10 : +0-02 FNMA 4.5 106-21 : +0-01 FNMA 5.0 108-01 : +0-02 GNMA 3.5 105-04 : +0-05 GNMA 4.0 107-25 : +0-04 GNMA 4.5 109-08 : +0-02 GNMA 5.0 111-02 : +0-02 FHLMC 3.5 103-08 : +0-04 FHLMC 4.0 104-30 : +0-02 FHLMC 4.5 106-06 : +0-03 FHLMC 5.0 107-23 : +0-01 Pricing as of 4:03 PM EST Afternoon Market Updates A recap of MBS Market Updates provided by MND Analysts and streamed live to the MBS Live Dashboard . 2:54PM : Fed Releases Orders Related to Banks in Mortgage Settlement The Federal Reserve Board on Monday released the orders related to the previously announced monetary sanctions against five banking organizations for unsafe and unsound processes and practices in residential mortgage loan servicing and processing...()

Posted To:

The Department of Housing and Urban Development (HUD) unveiled its 2013 budget proposal today, asking Congress for about $44 billion. The amount is roughly the same as the amount Congress authorized for the 2012 budget year. In addition, HUD is asking for authority to guarantee $400 billion in mortgages through FHA's Mutual Mortgage Insurance Fund which is expected to provide 1.2 million single family mortgages, $149 billion in loan volume, during the year and $500 billion in Ginnie Mae guarantee authority in order to help finance a wide array of government-insured products. In addition it requests $25 billion in loan guarantee authority for the General and Special Risk Insurance Panel which will provide an estimated 156,000 units in multifamily housing properties and 80,600 beds in health...()

Posted To:

Bond markets returned to something of a middle ground yesterday after recovering from a Greece-inspired risk-off trade . Last week's key event was the inability of Greek political parties to sign off on austerity measures needed to send the current bailout to vote. This Wednesday's repeat Eurogroup meeting is made possible by Greece's approval of austerity measures over the weekend, and whether or not Greece receives their current tranche of the proposed bailout will finally see a vote. All this ushered bond markets in the door moderately worse off than Friday's latest levels to begin the current week, but the skepticism was palpable. Not only did the bond market sell-off not ever materialize into anything truly ugly, but Greece lent fixed-income bulls a helping hand mid-day after rumors started...()

Posted To:

It's been a light day for new originations so far in MBS with current totals in Fannie/Freddie 30yr Fixed around 1/4 to 1/3 of their recent averages. That light supply environment, in conjunction with a decent enough rally in broader bond markets has helped lift production MBS to their highest levels since last Thursday. Fannie 3.5's are currently up more than a quarter of a point at 103-25 (note: chart below shows 103-23 as it was snapped slightly prior to this post). As far as the broader rally is concerned, 10yr yields are just over 3bps lower, currently trading in the mid 1.94's. (source: MBS Live Dashboard ) In the broader markets, volume today is slightly better than yesterday, although totals are still on the light side of normal. Markets are ostensibly waiting for tomorrow's "second...()