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Tight Supply Blamed for Weaker Pending Home Sales; Regulators Eye Social Media
Posted to: Daily Newsletter
Monday, January 28, 2013 5:39 PM

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Jan 28, 2013 10:49AM

Tight Supply Blamed for Weaker Pending Home Sales

Even though contract signings declined in December it was the 20 th straight month where pending home sales increased on an annual basis. The National Association of Realtors® ( NAR ) said that its Pending Home Sales Index (PHSI) fell 4.34 percent in December to 101.7 from 106.3 in November. It was however 6.9 percent higher than in December 2011 when it was 95.1. The Pending Home Sales Index is a forward looking indicator based on signed purchase agreements. Home sale transactions are generally...

Jan 28, 2013 11:50AM

Social Media Guidance from Federal Regulators; DAP Changes; Regional Events and Mortgage Jobs

"I have a switch in my apartment that doesn't do anything. Every once in a while I turn it on and off. One day I got a call from a guy in France who said, "Cut it out!" Knowing what switch applies to what light is important, just as it is knowing what license applies to what state. Like the recent news on national versus state exams: "Rob, I've heard that only the national NMLS exam will be required for all the states - is that true?" Well, it is always best to ask an attorney well versed in licensing...


Micro News

3:53 PM:

Additional Reprice Potential As MBS Hit Highs

1:30 PM:

MBS Edge Up To Pre-Data Levels, Room For Reprices?

10:17 AM:

Slight Bounce Back After Significantly Weaker Opening Levels

10:04 AM:

ECON: Pending Home Sales Weaker Than Expected

8:39 AM:

ECON: Durable Goods Much Stronger Than Expected

2:54 PM:

Snowball Under It's Own Momentum. More Reprice Risk

12:58 PM:

Reprices Hitting Now, And Remain Likely In Most Cases

12:35 PM:

Volatility Increases After EU Close, MBS At Lows, Reprice Risk

Around the Web

Video News

Feds Boost Exec Pay Packages

Confidence In Housing Market?

Fed: Stress Test Results Coming March 7th


Today's Comments

Frank Ceizyk

"It's funny--4 years ago before I really understood "GUTFLOP" and thought I was a fledgling bond analyst (before MBS was an acronym I even..."

Bryan/Mortgage Finance Group, Inc.

"The industry needs to take the momentum from this court decision and ignore all rulings from the CFPB. Time to push back on unconstitutional violations..."

Frank Ceizyk

"Ummm..really Monique? How about reckless price bidding wars (you know--don't bother with your offer unless it is $10k over the listing price) selective..."

Today's Q&A

"Working with an Owner/developer "

"Primary Home refinanced October, Buying new home now. Cant get another "primary" loan."

"Will my credit score be affected by 2 mortgage loan applications and a HELOC?"


View Newsletter: http://www.mortgagenewsdaily.com/channels/newsletter/293299.aspx

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Mortgage Rates:
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  • 15 Yr FRM 3.30%
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