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Mortgage News Daily

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Sellers' Market in California, Foreclosed Borrowers, National Mortgage Database
Posted to: Daily Newsletter
Thursday, November 1, 2012 4:47 PM

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Nov 1, 2012 3:55PM

Is a Sellers' Market Emerging in California?

A sellers' market appears to be emerging in some areas in California. The California Association of Realtors® (C.A.R.) said Thursday that favorable home prices and record-low interest rates are making the market competitive to the point that nearly six of ten houses are receiving multiple offers. C.A.R. made the comments as it released results of its 2012 Annual Housing Market Survey. Fifty-seven percent of home sales featured multiple offers in 2012, the highest in at least the past 12 years...

Nov 1, 2012 1:42PM

FHFA, CFPB to Cooperate on National Mortgage Database

Two federal agencies announced on Thursday that they are working together to create the first comprehensive repository of detailed mortgage loan information . Once in place, the Federal Housing Finance Agency ( FHFA ) and the new Consumer Financial Protection Bureau ( CFPB ) will use the National Mortgage Database to support their policymaking and research efforts and to gain a better understanding of emerging mortgage and housing trends. The database will include information spanning the life of...

Micro News

3:12 PM:

MBS Languish Just Above Lows As NFP Looms

10:59 AM:

MBS At Lows Following Morning Data, Negative Reprice Risk Depends On Lender

10:10 AM:

ECON: Construction Spending As Expected

10:07 AM:

ECON: ISM Manufacturing Slightly Higher Than Expected

10:05 AM:

ECON: Consumer Confidence Roughly As Expected; Some Strong Internals

9:24 AM:

Bond Markets Slightly Weaker, But Well Within Yesterday's Range

9:02 AM:

ECON: PMI Edges Down To 37 Month Low in October - Markit

8:41 AM:

ECON: Nonfarm Productivity Higher Than Expected, Labor Costs Lower

Around the Web

Video News

Bill Gross' Investment Outlook

Santelli: 'Firmly' Weak Trajectory

Shiller: Housing Recovery Could Take a While

Today's Comments

Pat Ryan

"I try to attend most closings and went to 3 last week. My frustration with the industry is a bit less with the guidelines and more with the increased fees..."

Bette Miller

"Frank: Great article! I attend about 90% of my closings and title agents and realtors are always surprised when the mortgage broker shows up! You have..."

Lewis Poretz

"Spot on Frank! More and more I see originators 'coming out' and letting American consumers know just how they feel. It was once an honor to originate..."

Today's Q&A

"Can I get a FHA loan for a second home if I rent the first one?"

"when lender pays the closing cost, can part of the closing cost charged as pre-paid finance charges?"

"What is the difference between Origination Fee, Loan Processing Fee & Underwriting Fee?"

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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.64%
  • |
  • 15 Yr FRM 2.93%
  • |
  • Jumbo 30 Year Fixed 3.60%
MBS Prices:
Recent Housing Data:
  • Mortgage Apps 10.03%
  • |
  • Refinance Index 11.33%
  • |
  • Purchase Index 8.43%