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  • Thu, Oct 2 2014
  • 8:58 AM » U.S. jobless claims fall in sign of labor market strength
    Published Thu, Oct 02 2014 8:58 AM by Reuters
    WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, a sign the U.S. labor market might be tightening.
  • 8:46 AM » World Torn Between ECB and Fed Paths, WSJ Survey Shows
    Published Thu, Oct 02 2014 8:46 AM by WSJ
    The Wall Street Journal's Daily Report on Global Central Banks for Thursday, October 2, 2014. Jon Hilsenrath surveys global central banking, and finds policy makers torn between following the Fed, and following the ECB, with rising household debts and real estate booms a common, and concerning feature.
  • 8:44 AM » CFPB updates reverse mortgage guide
    Published Thu, Oct 02 2014 8:44 AM by www.cfpbmonitor.com
    Barbara S. Mishkin The CFPB has announced that it has updated its reverse mortgage guide to reflect recent product changes. The changes concern the amount of money a borrower can draw in the first year and the ability of a non-borrowing spouse to continue to live in the home after the spouse who signed the loan passes away.
    Click Here to Read the Full Article

    Source: www.cfpbmonitor.com
  • 8:44 AM » U.S. Payroll to Population Rate Stable at 44.8% in September
    Published Thu, Oct 02 2014 8:44 AM by www.gallup.com
    The U.S. Payroll to Population employment rate, as measured by Gallup, remained stable in September (44.8%) compared with August (44.9%), and is on the high end of what Gallup has measured since 2010.
    Click Here to Read the Full Article

    Source: www.gallup.com
  • 12:11 AM » August Seattle Region Home Sales Press Release
    Published Thu, Oct 02 2014 12:11 AM by DataQuick
    Seattle Region August Home Sales Seattle-area homes sold at a near-average pace in August but sales fell short of July and a year ago amid a four-year low in the share of homes bought by investors and other absentee buyers. The median sale price fell from a six-year high reached this June and July but rose 3 percent year-over-year - the smallest annual gain in more than two years, a real estate information service reported. A total of 5,788 new and resale houses and condos closed escrow during August in the Seattle-Tacoma-Bellevue metro area encompassing King, Snohomish and Pierce counties. Seattle-area sales fell 5.5 percent from the prior month and fell 3.8 percent from a year earlier, according to CoreLogic DataQuick data. Seattle-area sales typically rise a bit between July and August, increasing an average of 2.4 percent between those two months since 1994, when CoreLogic DataQuick's complete Seattle-area statistics begin. August marked the second consecutive month and the fifth so far this year to log a year-over-year decline in total sales. So far this year overall Seattle-area sales are running a bit lower than last year. A total of 39,709 home sold between January and August, down 1.3 percent from the same eight-month period in 2013. Total August home sales were 0.1 percent below average for all months of August since 1994. Sales of existing (not new) resale condos were 37.7 percent above the August average, while resales of single-family detached houses were 1.3 percent above average and new-home sales were 34.9 percent below average. Buyers paid a median $335,000 for all new and resale houses and condos sold in the three-county Seattle region in August. That was down 2.9 percent from July's $345,000 and up 3.1 percent from $325,000 in August 2013. The $345,000 median paid in both June and July this year marked the highest level for any month since the median was $345,200 in June 2008. The August median's 3.1 percent year-over-year gain was the...
  • 12:11 AM » Here is how much JPMorgan has done to help struggling homeowners
    Published Thu, Oct 02 2014 12:11 AM by Washington Post
    JPMorgan Chase has dispensed nearly a quarter of the $4 billion in aid to struggling homeowners that the Justice Department ordered in the bank's $13 billion settlement over the sale of faulty mortgage securities. Read full article >>
    Click Here to Read the Full Article

    Source: Washington Post
  • 12:00 AM » 'Enormous increase' in global inequality: OECD
    Published Thu, Oct 02 2014 12:00 AM by CNBC
    The sharp rise in income inequality across the world is one of the most worrying developments of the past 200 years the OECD said on Thursday.
  • Wed, Oct 1 2014
  • 5:37 PM » What's undermining the bond market
    Published Wed, Oct 01 2014 5:37 PM by CNBC
    As many fret about an inevitable bond sell-off, the bigger fear is that when people unload, there won't be any buyer.
  • 3:33 PM » DoubleLine funds have year's largest inflow as Bill Gross exits Pimco
    Published Wed, Oct 01 2014 3:33 PM by Market Watch
    NEW YORK (MarketWatch) -- DoubleLine Capital, the family of bond market mutual funds run by Jeffrey Gundlach, saw their biggest monthly net inflows of year in the month that Bill Gross said he was leaving Pimco. Gundlach had said earlier this week that he saw "hundreds of millions of dollars" of inflows to his funds on the day of Gross's departure. The DoubleLine funds took in $1.65 billion in September, $1.32 billion of which went into Gundlach's DoubleLine Total Return Bond Fund , according to DoubleLine data.
  • 3:32 PM » CitiMortgage, Wells lose bid to end lawsuit over credit reports
    Published Wed, Oct 01 2014 3:32 PM by Reuters
    NEW YORK (Reuters) - Wells Fargo Bank and Citigroup's mortgage unit must face claims that they violated federal law by falsely notifying credit reporting agencies that thousands of homeowners went through bankruptcies or foreclosures, a federal judge has ruled.
  • 1:57 PM » Market Extra: Short sellers are getting squeezed in this Treasury market
    Published Wed, Oct 01 2014 1:57 PM by Market Watch
    Short positions in the Treasury market are super-charging this rally in government bond prices.
  • 12:58 PM » Draghi's First Asset Purchases Seen Modest as ECB Meets - Bloomberg
    Published Wed, Oct 01 2014 12:58 PM by Bloomberg
    Draghi's First Asset Purchases Seen Modest as ECB Meets Bloomberg When Mario Draghi writes his first check for asset purchases, he might not use much ink. While the European Central Bank president pledged to start a program this month to buy asset-backed securities and covered bonds, initial transactions in those markets ... and more »
  • 12:09 PM » Lone Star to Invest $1 Billion in Higher-Risk Home Loans - Bloomberg
    Published Wed, Oct 01 2014 12:09 PM by Bloomberg
    Lone Star to Invest $1 Billion in Higher-Risk Home Loans Bloomberg Billionaire John Grayken's Lone Star Funds is planning to invest in mortgages granted to U.S. homebuyers unable to borrow from the nation's largest lenders. The private-equity firm is raising $1 billion for a fund to buy the riskiest portions of bonds backed by ... and more »
  • 12:07 PM » Fairholme Says It Will Pursue Fannie Bailout Claim After Setback - Bloomberg
    Published Wed, Oct 01 2014 12:07 PM by Bloomberg
    Fairholme Says It Will Pursue Fannie Bailout Claim After Setback Bloomberg Bruce Berkowitz's Fairholme Capital Management LLC affirmed its commitment to winning private shareholders' rights to profits from Fannie Mae and Freddie Mac after losing a legal challenge yesterday. "Litigation is a lengthy process," Berkowitz's firm said ... and more »
  • 12:07 PM » 5 Details to Watch at the ECB's October Meeting
    Published Wed, Oct 01 2014 12:07 PM by WSJ
    The European Central Bank is expected to refrain from new stimulus measures when it meets Thursday in Naples, Italy and instead focus on implementing a new, private-asset purchase program that was part of September's stimulus package.
  • 10:52 AM » ISM manufacturing index hits 56.6 in September
    Published Wed, Oct 01 2014 10:52 AM by CNBC
    This is a breaking news story. Please check back for updates.. In early U.S. trading, Wall Street fell at the opening bell..
  • 10:44 AM » U.S. construction spending posts surprise decline in August
    Published Wed, Oct 01 2014 10:44 AM by Reuters
    WASHINGTON, Oct 1 (Reuters) - U.S. construction spending unexpectedly fell in August, hit by weaker private spending
  • 9:58 AM » Bond Report: Treasurys surge alongside European bonds
    Published Wed, Oct 01 2014 9:58 AM by Market Watch
    Treasury prices jump as a new quarter gets underway, sending benchmark yields below the 50-day moving average.
  • 8:52 AM » Declining Homeownership among "Prime" First-Time Home Buying Candidates
    Published Wed, Oct 01 2014 8:52 AM by The Big Picture
    Declining Homeownership among "Prime" First-Time Home Buying Candidates<br/>http://feedproxy.google.com/~r/TheBigPicture/~3/T1tVx_6rhvs/
    Click Here to Read the Full Article

    Source: The Big Picture
  • 8:32 AM » Why US mortgage activity remains stuck in neutral
    Published Wed, Oct 01 2014 8:32 AM by CNBC
    A slight dip in interest rates was not enough to move the needle on mortgage applications last week.
  • 8:30 AM » Private payrolls show growth; August revised lower
    Published Wed, Oct 01 2014 8:30 AM by CNBC
    Private payrolls rose about in line with expectations in September, thanks to sharp growth in small business and service sector hiring, according to a report.
  • Tue, Sep 30 2014
  • 10:09 PM » Time for Treasury to Consider More Short-Term Debt?
    Published Tue, Sep 30 2014 10:09 PM by WSJ
    The time might be approaching for the U.S. Treasury to rethink its strategy of issuing more long-term debt relative to short-term debt, a former senior U.S. Treasury official said Tuesday.
  • 10:06 PM » Euro Near Two-Year Low Before ECB, as Share of Reserves Declines - Bloomberg
    Published Tue, Sep 30 2014 10:06 PM by Bloomberg
    Euro Near Two-Year Low Before ECB, as Share of Reserves Declines Bloomberg The euro was 0.5 percent from its lowest level in two years before the European Central Bank meets tomorrow amid speculation policy makers will need to do more to avert deflation in the currency region. Europe's common currency slid yesterday against 15 ... and more »
  • 10:04 PM » D.R. Horton Says CEO to Retire Tomorrow After 31 Years - Bloomberg
    Published Tue, Sep 30 2014 10:04 PM by Bloomberg
    D.R. Horton Says CEO to Retire Tomorrow After 31 Years Bloomberg D.R. Horton Inc. Chief Executive Officer Donald J. Tomnitz said he will retire tomorrow after 31 years with the homebuilder. Chief Operating Officer David V. Auld will be promoted to CEO, the Fort Worth, Texas-based company said today in a statement. and more »
  • 10:03 PM » August Miami Region Home Sales Press Release
    Published Tue, Sep 30 2014 10:03 PM by DataQuick
    Miami Region August Home Sales September 30, 2014 Miami-area home sales fell on a year-over-year basis for the third consecutive month in August, when cash and investor purchases, as well as overall sub-$200,000 sales, continued to run well below year-ago levels. The August median sale price dipped below a 68-month high reached in July but rose year-over-year, though that single-digit annual gain was the lowest in two years, a real estate information service reported. In August, 10,236 new and resale houses and condos closed escrow in the metro area encompassing Miami-Dade, Palm Beach and Broward counties. August sales dipped 11.0 percent from the prior month and fell 8.5 percent from a year earlier, according to CoreLogic DataQuick data. Between January and August this year a total of 83,085 homes sold in the Miami region, down 3.3 percent from the same eight-month period last year. It's normal for Miami-area sales to dip slightly between July and August. On average, Miami sales have fallen 2.9 percent between those two months since 1997, when CoreLogic DataQuick's complete Miami-area statistics begin. This August's total sales were 12.6 percent below the average number of sales for the month of August since 1997. August's condo resales were 15.9 percent above average for the month, while single-family detached house resales were 11.6 percent below the long-term average and new-home sales were 74.5 percent below the August average. Condo resales fell 11.8 percent in August compared with a year earlier but continued to account for an above-average share of overall home sales. In August, condo resales represented 44.9 percent of total sales, compared with an historical monthly average of about 35.9 percent. The August resale condo share was up from 44.2 percent in July and down from 46.6 percent a year earlier. In August, the median price paid for all new and resale houses and condos sold in the Miami region was $198,350, down 3.2 percent from $205,000...
  • 10:00 PM » U.S. lawsuits related to Fannie Mae, Freddie Mac profits dismissed
    Published Tue, Sep 30 2014 10:00 PM by Reuters
    (Reuters) - A U.S. federal judge on Tuesday dismissed claims seeking to stop the U.S. government from making Fannie Mae and Freddie Mac pay a quarterly dividend to the U.S. Treasury.
  • 10:00 PM » JPMorgan to face US class action
    Published Tue, Sep 30 2014 10:00 PM by CNBC
    JPMorgan must face a class action lawsuit by investors who claimed the bank misled them about the safety of mortgage-backed securities.
  • 4:13 PM » Small-Business Owners Satisfied, but Fewer Feel Successful
    Published Tue, Sep 30 2014 4:13 PM by www.gallup.com
    While U.S. small-business owners are more likely to say they are satisfied with being a small-business owner than they were in the years following the recession, they are less likely to say they feel successful.
    Click Here to Read the Full Article

    Source: www.gallup.com
  • 2:20 PM » House Prices: Real Prices and Price-to-Rent Ratio decline in July
    Published Tue, Sep 30 2014 2:20 PM by Calculated Risk Blog
    About | Advertising | Email CR | Tanta | Weekly Schedule | Sponsored Offers Subscribe via email | twitter Twitter | feed RSS Feed Tuesday, September 30, 2014 House Prices: Real Prices and Price-to-Rent Ratio decline in July by Bill McBride on 9/30/2014 01:44:00 PM I started 2014 expecting a slowdown in year-over-year (YoY) prices as "For Sale" inventory increases, and the price slowdown is very obvious! The Case-Shiller Composite 20 index was up 6.7% YoY in July; the smallest YoY increase since November 2012 (the National index was up 5.6%, also the slowest YoY increase since November 2012. I expect YoY prices to slow further over the next several months.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 2:17 PM » Ten things I like about the $17 billion BOA settlement
    Published Tue, Sep 30 2014 2:17 PM by Google News
    The Housing Finance Policy Center staff wrote last month about the then-prospective $17 billion settlement between Bank of America, the Department of Justice, and state Attorneys General. We offered some suggestions about how the parties could improve the settlement for consumers and investors, compared with the 2012 National Mortgage Settlement (NMS) and 2013 settlement with […]
  • 12:04 PM » Why one investor bought land â€" instead of homes â€" during the housing bust
    Published Tue, Sep 30 2014 12:04 PM by Washington Post
    After the housing market tanked, real estate investors began snapping up foreclosures at bargain prices, betting they could rent them for a tidy profit and sell them when the market recovered. But not David Lichtenstein, 53. He went after the land, convinced it would yield better returns for his New York firm, the Lightstone Group, a privately-held real estate company he founded in 1988. Read full article >>
    Click Here to Read the Full Article

    Source: Washington Post
  • 12:01 PM » U.S. consumer confidence, home prices show weakness
    Published Tue, Sep 30 2014 12:01 PM by Reuters
    NEW YORK (Reuters) - U.S. consumer confidence fell in September for the first time in five months and home prices in July rose less than expected from a year earlier, underscoring the unsteady nature of U.S. growth.
  • 12:00 PM » Silicon Valley real estate reaches bubble levels
    Published Tue, Sep 30 2014 12:00 PM by CNBC
    While real estate in much of the country is hitting a slow patch, luxury home sales in Silicon Valley are soaring nearly as fast as Facebook stock.
  • 11:03 AM » Loan Growth Accelerates Among Southern District Community Banks and Thrifts, OCC Reports
    Published Tue, Sep 30 2014 11:03 AM by OCC
    The Office of the Comptroller of the Currency (OCC) today reported improving conditions among national banks and federal savings associations (FSAs) in the nine states that make up the OCC's Southern District.
  • 11:02 AM » Fed's Powell wary of greater cooperation with Treasury
    Published Tue, Sep 30 2014 11:02 AM by Market Watch
    WASHINGTON (MarketWatch) - The idea that the U.S. Treasury and the Federal Reserve should cooperate more closely on debt management risks the independence of monetary policy, a top U.S. central banker said Tuesday. The proposal presented by several prominent economists including former Treasury Secretary Larry Summers at a conference at the Brookings Institution "seems to be to be fraught with risk for the Federal Reserve," said Federal Reserve Governor Jerome Powell at a discussion at the think tank. While current institutional arrangements "may be imperfect...history suggests a need for caution," Powell said. The paper argues that Treasury and the Fed were pulling in opposite directions during the central bank's bond-buying programs, limiting its impact. The authors propose that Treasury and Fed should put out a joint statement on debt management strategy.
  • 11:02 AM » Europe's austerity zombies
    Published Tue, Sep 30 2014 11:02 AM by CNBC
    Evidence is mounting that austerity isn't working yet Germany and other European nations have doubled down on it, says Nobel laureate Joseph Stiglitz.
  • 10:29 AM » Bond Report: U.S. Treasury prices fall as equities rise
    Published Tue, Sep 30 2014 10:29 AM by Market Watch
    U.S. government debt rises as stocks climb.
  • 8:38 AM » Hispanic Borrowers Diminishing in California Housing: Mortgages - Bloomberg
    Published Tue, Sep 30 2014 8:38 AM by Bloomberg
    Bloomberg Hispanic Borrowers Diminishing in California Housing: Mortgages Bloomberg Jose Ramos lived the American Dream as a real estate agent who owned two houses in the majority Hispanic city of Santa Ana, California. Almost a decade later, homeownership for the 48-year-old Mexican immigrant is out of reach. Ramos said the housing ...
  • 8:38 AM » Treasurys give back gains; Pimco remains in focus
    Published Tue, Sep 30 2014 8:38 AM by CNBC
    U.S. bonds gave back gains on Tuesday, with consumer confidence data and Pimco outflows in focus against a backdrop of social unrest in Hong Kong.
  • 8:38 AM » Spanish Bonds Rise After CPI Data as Catalan Vote Blocked - Bloomberg
    Published Tue, Sep 30 2014 8:38 AM by Bloomberg
    Spanish Bonds Rise After CPI Data as Catalan Vote Blocked Bloomberg Spanish and Italian government bonds rose after a report showed inflation in the euro area slowed in September, preserving the value of payments on fixed-income securities. Spain's 10-year yield fell for the first time in four days after the nation's ...
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MBS Prices:
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