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  • Wed, Apr 22 2015
  • 10:06 AM » Over 60 Percent of Top 100 U.S. Housing Markets Improving
    Published Wed, Apr 22 2015 10:06 AM by freddiemac.mwnewsroom.com
    Over 60 Percent of Top 100 U.S. Housing Markets Improving
    Click Here to Read the Full Article

    Source: freddiemac.mwnewsroom.com
  • 9:51 AM » ECB raises emergency lending cap for Greek banks
    Published Wed, Apr 22 2015 9:51 AM by Market Watch
    The ECB increases the amount of money Greek banks can borrow under an emergency lending program, extending a lifeline for the country's banks as its government continues tense negotiations with its creditors over its bailout program.
  • 8:53 AM » Searching for corporate sales amid housing data
    Published Wed, Apr 22 2015 8:53 AM by CNBC
    Earnings retain the spotlight on Wednesday, with several more blue chips and technology heavyweights set to report.
  • 8:37 AM » Stocks better than bonds: BlackRock
    Published Wed, Apr 22 2015 8:37 AM by CNBC
    Stocks and bonds are both rallying on the year, and according to Blackrock's Jeff Rosenberg, there's one clear winner.
  • 8:37 AM » U.S. Treasuries Halt Two-Day Decline Amid Tight Trading Range
    Published Wed, Apr 22 2015 8:37 AM by Bloomberg
    U.S. Treasuries Halt Two-Day Decline Amid Tight Trading Range Bloomberg Treasuries halted a two-day decline as a gauge of price swings dropped toward a three-month low. The 10-year yield has been in a range of about seven basis points this week, the narrowest since May 2014. The latest Bloomberg survey showed the majority ...
  • 8:35 AM » Mortgage applications rise 2.3%, led by homebuyers
    Published Wed, Apr 22 2015 8:35 AM by CNBC
    Buyers are returning to the housing market in ever growing numbers, as indicated by continued gains in loan applications to purchase a home.
  • Tue, Apr 21 2015
  • 9:47 PM » Treasury Department: Fannie, Freddie Bailout Wasn't A Loan
    Published Tue, Apr 21 2015 9:47 PM by WSJ
    Treasury Department for the first time clearly laid out its view on the bailout of Fannie Mae and Freddie Mac: The bailout wasn't a loan, but an investment on which taxpayers are now being compensated.
  • 9:47 PM » Why Is Real Estate a Safe Investment?
    Published Tue, Apr 21 2015 9:47 PM by Bloomberg
    Bloomberg Why Is Real Estate a Safe Investment? Bloomberg Colliers International President of Capital Markets Brian Ward discusses why real estate is a great long-term asset class and the 2015 real estate hot spots. He speaks with Bloomberg's Alix Steel on "Street Smart." (Source: Bloomberg) ...
  • 4:26 PM » Weak demand, income blamed for limping home sales
    Published Tue, Apr 21 2015 4:26 PM by Market Watch
    Lame income growth and weak demand from first-time buyers are big reasons why home sales aren't stronger.
  • 4:26 PM » Wells Fargo Expands Senior Housing Focus to Address Growing Demand
    Published Tue, Apr 21 2015 4:26 PM by www.wellsfargo.com
    Wells Fargo Expands Senior Housing Focus to Address Growing Demand<br/>https://www.wellsfargo.com/about/press/2015/expand-senior-housing_0421.content
    Click Here to Read the Full Article

    Source: www.wellsfargo.com
  • 4:25 PM » Investors Grumble as Freddie Shifts Risk of Helping Homeowners
    Published Tue, Apr 21 2015 4:25 PM by Bloomberg
    Investors Grumble as Freddie Shifts Risk of Helping Homeowners Bloomberg Some mortgage-bond investors are criticizing a change in Freddie Mac debt that increases the risk of loss from homeowners who can't afford their loans. The government-controlled company's latest version of securities that put bondholders on the hook when ... and more »
  • 1:31 PM » Lawler: NVR: Home Orders Jump, Prices "Stable" in Latest Quarter
    Published Tue, Apr 21 2015 1:31 PM by Calculated Risk Blog
    From housing economist Tom Lawler: NVR, Inc., the nation's fourth largest home builder with a relatively heavy concentration in the Mid-Atlantic region, reported that net home orders in the quarter ended March 31, 2015 totaled 3,926, up 18.1% from the comparable quarter of 2014. The average net order price last quarter was $375,400, up 2.0% from a year ago. Net orders per active community were up 19.8% YOY. Home deliveries last quarter totaled 2,534, up 14.6% from the comparable quarter of 2014, at an average sales price of $371,000, up 2.7% from a year ago. The company's order backlog at the end of March was 6,867, up 13.5% from last March, at an average order price of $384,300, up 2.6% from a year ago. The company's gross homebuilding margin last quarter was 17%, compared to 18% in the comparable quarter of 2014. NVR gives virtually no "color" on its results or on the housing market in its press release, and does not host a quarterly earnings conference call. D.R. Horton, the nation's largest home builder, releases its results for the quarter ended March 31st tomorrow morning before the market opens.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 1:31 PM » Forget gold and stocks, Manhattan real estate is where the 1% store their riches
    Published Tue, Apr 21 2015 1:31 PM by Market Watch
    BlackRock CEO Larry Fink calls a Manhattan apartment the new gold.
  • 11:59 AM » Fair Housing Month Focus on Disability Discrimination
    Published Tue, Apr 21 2015 11:59 AM by blog.hud.gov
    Edward Tirell and his wife are no different from the average couple raising a child today. They get up early every morning, make sure their 6-year-old son is prepared to go to school, drive him to the bus stop, and then get themselves to work. But while that daily routine is played out in thousands […]
  • 11:59 AM » These Charts Will Tell You Where the Housing Market Is Headed This Year
    Published Tue, Apr 21 2015 11:59 AM by Bloomberg
    Bloomberg These Charts Will Tell You Where the Housing Market Is Headed This Year Bloomberg The Federal Reserve is preparing to raise its benchmark interest rate for the first time since 2006. Yet the gradually healing housing industry - one of the biggest beneficiaries of rock-bottom borrowing costs in this economic recovery - isn't panicking.
  • 11:00 AM » Gross: 'The short of a lifetime'
    Published Tue, Apr 21 2015 11:00 AM by CNBC
    The Janus Capital bond guru believes that German debt is representing a huge opportunity.
  • 11:00 AM » U.S. regulator wants better deposit data from big banks
    Published Tue, Apr 21 2015 11:00 AM by Reuters
    WASHINGTON (Reuters) - The largest U.S. and foreign banks would need to keep track of deposits better under a plan launched by the Federal Deposit Insurance Corporation on Tuesday, as many lenders have grown and become more complex.
  • 10:18 AM » 88,000 apply to get in this 'poor door'
    Published Tue, Apr 21 2015 10:18 AM by CNN
    The line for this "poor door" stretches as far as the eye can see.
  • 10:18 AM » How the Fed could help risk-on traders: Strategist
    Published Tue, Apr 21 2015 10:18 AM by CNBC
    Once the Fed begins to hike interest rates, any pause would be a buying opportunity, strategist Jason Trennert tells CNBC.
  • 10:16 AM » Greek Bank Bonds Fall to Records as ECB Said to Review Funding
    Published Tue, Apr 21 2015 10:16 AM by Bloomberg
    Greek Bank Bonds Fall to Records as ECB Said to Review Funding Bloomberg Greek bank bonds, including those of National Bank of Greece SA, fell to records as the European Central Bank was said to be studying measures to rein in funding to the lenders. National Bank's 750 million euros ($801 million) of 4.375 percent bonds due ... and more »
  • 10:16 AM » Goldman on Inflation: Pass-Through Disinflation: Not Over Yet
    Published Tue, Apr 21 2015 10:16 AM by Calculated Risk Blog
    A few excerpts from a note by Goldman Sachs economist David Mericle: How much should we make of the firmer [inflation] recent prints? In our view, not much. The new car and apparel categories are the largest core goods categories, and are also the most sensitive to import prices. Auto import prices have begun to fall over the last few months, and we expect a decline in consumer prices to follow. Apparel import prices, in contrast, only flattened recently and remain up roughly 1% over the past year. This is not so surprising: the dollar's recent appreciation has not been primarily against the currencies of countries from which the US imports clothing, such as China. But the roughly one-third decline in cotton prices since mid-2014 is likely to result in a larger decline in apparel prices, and we expect that the full impact has yet to be felt. Our equity analysts expect apparel prices to fall for the remainder of 2015, and the 12% drop in raw cotton prices in the March PPI suggests further declines could come soon. ... What about services, which account for three-quarters of the core? Soft health care inflation has been a key contributor to lower core inflation. Slower growth of public payments for health care services and likely spillovers to private insurers suggest that health care inflation is unlikely to exceed core inflation going forward. While health care inflation should normalize from the current sub-1% rate eventually, soft wage growth in the health care industry suggests little immediate upward pressure. Shelter inflation has been among the firmest components of the core, and the low rental vacancy rate suggests this trend is likely to continue in the near term. But we see limited further upside: the National Multi Housing Council's Market Tightness Index is less elevated, and data from REIS indicate that new construction should raise the vacancy rate. More broadly, we do not view the recent data as a sign that pass-through is now behind us. Pass-through...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:59 AM » Greece facing 'Lehman moment' as debt costs soar
    Published Tue, Apr 21 2015 8:59 AM by CNBC
    As Greece's stock market plunges and borrowing costs soar, analysts warned the country could be facing its "Lehman moment" as it faces bankruptcy.
  • 8:43 AM » To The Edge : Legality, Legitimacy, and the Responses to the 2008 Financial Crisis
    Published Tue, Apr 21 2015 8:43 AM by webfeeds.brookings.edu
    Brookings Institution Press 2015 319pp. Were the radical steps taken by the Treasury Department and Federal Reserve to avert the financial crisis legal?   When and why did political elites and the general public question the legitimacy of the government’s responses to the crisis? In To The Edge: Legality, Legitimacy, and the Responses to the 2008 Financial Crisis , Philip Wallach chronicles and examines the legal and political controversies surrounding the government’s responses to the recent financial crisis. The economic devastation left behind is well-known, but some allege that even more lasting harm was inflicted on America’s rule of law tradition and government legitimacy by the ambitious attempts to limit the fallout. In probing these claims, Wallach offers a searching inquiry into the meaning of the rule of law during crises. The book provides a detailed analysis of the policies undertaken—from the rescue of Bear Stearns in March 2008 through the tumultuous events of September 2008, the passage of the TARP and its broad usage, the alphabet soup of emergency Federal Reserve programs, the bankruptcies of Chrysler and GM, and the extended public ownership of AIG, Fannie Mae, and Freddie Mac. Throughout, Wallach probes the legal bases of the government’s actions and explores why concerns about the legitimacy of government actions were only sporadically grounded in concerns about legality—and sometimes ran directly against them. The public’s sense that government officials operated through ad hoc responses that favored powerful interests has helped bring the legitimacy of American governmental institutions to historic lows. Wallach’s book recommends constructive and sensible reforms policymakers should take to ensure accountability and legitimacy before the government faces another crisis.   Contents Introduction: Law, Legitimacy, and Crisis Government ...
    Click Here to Read the Full Article

    Source: webfeeds.brookings.edu
  • 8:42 AM » Volcker Proposal, Mortgage Insurers, BlackRock: Compliance - Bloomberg
    Published Tue, Apr 21 2015 8:42 AM by Bloomberg
    Volcker Proposal, Mortgage Insurers, BlackRock: Compliance Bloomberg Five years after giving his name to a rule designed to restrict trading by Wall Street banks, Paul Volcker is pushing for another change that would put at least one top regulator out of business. The Federal Reserve would be at the helm of a reorganized ... and more »
  • 8:42 AM » MGIC Investment Corporation Reports First Quarter 2015 Results
    Published Tue, Apr 21 2015 8:42 AM by phx.corporate-ir.net
    Records First Quarter 2015 Net Income of $133.1 Million MILWAUKEE, April 21, 2015 /PRNewswire/ -- MGIC Investment Corporation (NYSE:MTG) today reported net income for the quarter ended March 31, 2015 of $133.1 million, compared with a net income of $60.0 million for the same quarter a year ago. Diluted net income per share was $0.32 for the quarter ending March 31, 2015, compared to diluted net income per share of $0.15 for the same quarter a year ago. Patrick Sinks, CEO of MTG and Mortgage Guaranty Insurance Corporation ("MGIC"), said, "I am pleased to report that in the first quarter of 2015 the company continued to generate high quality new insurance which contributed to an increas...
    Click Here to Read the Full Article

    Source: phx.corporate-ir.net
  • Mon, Apr 20 2015
  • 10:16 PM » Lawmaker Wants Fed to Name Possible Sources of Internal Secrets
    Published Mon, Apr 20 2015 10:16 PM by WSJ
    The head of the U.S. House Financial Services Committee calls "inadequate" the Federal Reserve's internal investigation into published reports on the details of market-sensitive policy deliberations in 2012.
  • 10:13 PM » CoreLogic (formerly DataQuick data): SoCal sales up 5.0% Year-over-year
    Published Mon, Apr 20 2015 10:13 PM by Calculated Risk Blog
    CoreLogic released the Southern California report today for March (CoreLogic acquired DataQuick). The data shows 18,156 new and resale houses and condos sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties in March. That was up 35.6% from 13,650 sales in February, and up 5.0% from 17,638 sales in March last year. Note: Currently CoreLogic hasn't released the short sales and foreclosure data that DataQuick used to release.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 5:07 PM » The student loan trend that's cause of concern
    Published Mon, Apr 20 2015 5:07 PM by Market Watch
    Debt burdens are weighing on students and graduates.
  • 4:27 PM » Capitol Report: Beware the ‘super taper tantrum'
    Published Mon, Apr 20 2015 4:27 PM by Market Watch
    It's what is feared by markets and by Federal Reserve officials alike - a rerun of the May 2013 taper tantrum, when yields spiked higher on the suggestion of an imminent reduction in bond purchases.
  • 4:26 PM » House panel looks at public private partnerships for affordable housing
    Published Mon, Apr 20 2015 4:26 PM by National Housing Conference
    Normal 0 false false false EN-US X-NONE X-NONE by Amanda Gold and Ethan Handelman, National Housing Conference On April 16, 2015, the Housing and Insurance subcommittee held a hearing entitled, "The Future of Housing in America: Increasing Private Sector Participation in Affordable Housing." The subcommittee heard testimony from four witnesses: Adrianne Todman, executive director of the DC Housing Authority (DCHA). Brad Fennell, senior vice president of WC Smith.  James Evans, director of Quadel Consulting.  Sheila Crowley, president and CEO of the National Low-Income Housing Coalition. All of the witnesses stressed the importance of government involvement in affordable housing. Subcommittee members disagreed about what the appropriate balance should be between the public and private sectors and used their questions to draw distinctions. Many questions focused on the pros and cons of the Moving to Work (MTW) initiative in public housing, the Rental Assistance Demonstration and ways to encourage effective private sector involvement. Balancing public and private investments in affordable housing Chairman Blaine Luetkemeyer's (R-Mo.) opening statement highlighted the importance of public private partnerships in leveraging public funding. Saving his questions for the end, Luetkemeyer concluded the hearing by asking the witnesses to follow up with the subcommittee, highlighting programs that stretch funding to serve more households and pilot projects that should be tested. Crowley expressed concern about relying too heavily on the private sector, noting a fundamental challenge stemming from conflicting objectives in the public and private sectors. HUD wants to provide decent and affordable housing, but private sector operators care about profits. Private sector actors need public investment to make their involvement cost effective.  Fennel described successful development supported by the Low Income Housing Tax Credit (LIHTC) in which...
    Click Here to Read the Full Article

    Source: National Housing Conference
  • 4:26 PM » New, Simpler Mortgage Disclosure Forms Could Delay Closings—So Here's How to Keep Them on Track
    Published Mon, Apr 20 2015 4:26 PM by www.realtor.com
    New mortgage disclosure forms are coming on Aug. 1, and real estate pros worry they'll delay closings. Here's why-and how to keep settlements on track. The post New, Simpler Mortgage Disclosure Forms Could Delay Closings-So Here’s How to Keep Them on Track appeared first on Real Estate News .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 1:56 PM » Volcker calls for U.S. financial regulation shakeup
    Published Mon, Apr 20 2015 1:56 PM by Reuters
    WASHINGTON (Reuters) - The U.S. financial regulatory system is outdated and riddled with loopholes, former Federal Reserve Chairman Paul Volcker said on Monday as he offered an overhaul plan to make watchdogs more effective.
  • 12:44 PM » CFPB to hold research conference on May 7-8
    Published Mon, Apr 20 2015 12:44 PM by www.cfpbmonitor.com
    Barbara S. Mishkin The CFPB has announced that it will hold a research conference in Washington, D.C. on May 7-8, 2015. According to the announcement, the conference “will be focused on high-quality consumer finance research, with academic and government researchers presenting their research papers.” The CFPB further states that the conference’s goal is to “connect the core community... More >
    Click Here to Read the Full Article

    Source: www.cfpbmonitor.com
  • 12:43 PM » GE in talks to sell $74 billion portfolio to Wells Fargo
    Published Mon, Apr 20 2015 12:43 PM by Reuters
    (Reuters) - General Electric Co is in early-stage talks with Wells Fargo about selling the bank its entire $74 billion U.S. commercial lending and leasing portfolio, according to a source familiar with the situation.
  • 12:30 PM » Fannie Mae Integrates Collateral Underwriter
    Published Mon, Apr 20 2015 12:30 PM by Fannie Mae
    Fannie Mae Integrates Collateral Underwriter with Desktop Underwriter and EarlyCheck.
  • 10:54 AM » Few Who Lost Homes in U.S. Will Make Purchases Again Soon
    Published Mon, Apr 20 2015 10:54 AM by Bloomberg
    Few Who Lost Homes in U.S. Will Make Purchases Again Soon Bloomberg Only about one in four former homeowners who lost property during the housing crash will soon become buyers again as tight credit keeps many out of the U.S. real estate market, according to a National Association of Realtors study. Of the 9.3 million owners ...
  • 10:53 AM » Radian, MGIC Rally as U.S. Eases Rules on Crisis-Era Mortgages
    Published Mon, Apr 20 2015 10:53 AM by Bloomberg
    Radian, MGIC Rally as U.S. Eases Rules on Crisis-Era Mortgages Bloomberg Radian Group Inc. and MGIC Investment Corp. surged in New York trading after a U.S. regulator softened mortgage insurers' standards on some loans. Radian jumped 5.9 percent to $18.16 at 10:02 a.m., the most since August. Milwaukee-based MGIC ...
  • 9:36 AM » What If This Is As Good As It Gets?
    Published Mon, Apr 20 2015 9:36 AM by WSJ
    The Wall Street Journal's Daily Report on Global Central Banks for Monday, April 20, 2015. Jon Hilsenrath sees global finance officials gather for the annual festival of gloom and doom that is the International Monetary Fund's Spring meetings.
  • 8:56 AM » Even after first rate increase, policy will remain easy: Fed's Dudley
    Published Mon, Apr 20 2015 8:56 AM by CNBC
    This is a breaking news story. Please check back for further updates.. William Dudley is president and CEO of the Federal Reserve Bank of New York.
  • 8:34 AM » ECB's Nowotny says impact of any Greek exit less now than before: TV
    Published Mon, Apr 20 2015 8:34 AM by Reuters
    FRANKFURT (Reuters) - Were Greece to leave the euro, it would not have the same impact on the euro zone as it would have had two years ago, an ECB policymaker said on Monday, urging Greece's government to provide "numbers" so that aid could be provided to the country.
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Mortgage Rates:
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MBS Prices:
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