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  • Fri, Nov 2 2012
  • 4:08 PM » HUD: Locating Housing after a Natural Disaster
    Published Fri, Nov 02 2012 4:08 PM by
    In the aftermath of Hurricane Sandy (or any natural disaster), families can be forced from their homes and finding a place to live as quickly as possible is crucial. There are many resources available from federal agencies to private organizations. In order to make the process as easy as possible, FEMA has put together the [...]
  • 3:47 PM » Goldman urges Supreme Court to end mortgage class-action
    Published Fri, Nov 02 2012 3:47 PM by Reuters
    WASHINGTON (Reuters) - Goldman Sachs Group Inc has urged the U.S. Supreme Court to throw out a mortgage securities class-action lawsuit that it said could cost Wall Street tens of billions of dollars.
  • 3:23 PM » OCC Releases CRA Evaluations for 30 National Banks and Federal Savings Associations
    Published Fri, Nov 02 2012 3:23 PM by OCC
    The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of October 1, 2012 through October 31, 2012.
  • 3:13 PM » Sandy to test revamped federal flood insurance program
    Published Fri, Nov 02 2012 3:13 PM by Reuters
    WASHINGTON (Reuters) - Superstorm Sandy is threatening to drag the U.S. government's debt-ridden flood insurance program back into the political crosshairs just months after Congress attempted to put the controversial program on a sound financial footing.
  • 1:30 PM » Here's Who's Taking Advantage Of The Foreclosure Crisis Now
    Published Fri, Nov 02 2012 1:30 PM by The Huffington Post
    In the wake of the financial crisis, banks mishandled foreclosures on such a scale that regulators stepped in. Led by the Office of the Comptroller of the Currency, they ordered banks to hire independent outsiders to identify homeowners who were wrongly foreclosed on and to provide compensation.
    Click Here to Read the Full Article

    Source: The Huffington Post
  • 1:28 PM » BofA may already be above global capital standards: CFO
    Published Fri, Nov 02 2012 1:28 PM by Reuters
    (Reuters) - Bank of America Corp could already be above capital requirements issued Thursday by global regulators, the bank's chief financial officer said.
  • 1:06 PM » Freddie Mac: Revised Guidelines Issued for Mortgages Secured by Properties Impacted by Disasters
    Published Fri, Nov 02 2012 1:06 PM by Freddie Mac
    If you have mortgages secured by properties that may have been impacted by disasters including Hurricane Sandy, it is important that you read Guide Bulletin 2012-24.
  • 11:05 AM » What Today's Jobs Report Says About the Housing Market
    Published Fri, Nov 02 2012 11:05 AM by CNBC
    When you dig down into the numbers you can see where the numbers are not quite as rosy as some would hope for both home buyers and builders.
  • 10:30 AM » Four banks must hold most extra capital-regulators
    Published Fri, Nov 02 2012 10:30 AM by Reuters
    By Rick Rothacker (Reuters) – Citigroup Inc, Deutsche Bank, HSBC and JPMorgan Chase & Co will need to hold the most extra capital of 28 banks considered so large and complex they need an extra buffer to absorb potential losses, global regulators said on Thursday. The four global banks will be required to hold an [...]
  • 10:30 AM » Wells Fargo sees more opportunity in refinancings
    Published Fri, Nov 02 2012 10:30 AM by Reuters
    By Rick Rothacker (Reuters) – A significant portion of customers in Wells Fargo & Co’s (WFC.N: Quote, Profile, Research, Stock Buzz) $1.9 trillion mortgage servicing portfolio remain strong candidates for refinancings, the head of the bank’s home lending unit said on Thursday. More than 40 percent of customers in the portfolio have home loans with [...]
  • 10:28 AM » DataQuick: September Miami Home Sales Report
    Published Fri, Nov 02 2012 10:28 AM by DataQuick
    Miami Region September Home Sales November 1, 2012 Miami-area home sales rose to the highest level for a September in six years as a big gain in the number of deals over $300,000 compensated for a decline in activity in the lower price ranges. The median sale price rose above a year earlier for the ninth consecutive month, a real estate information service reported. In September, 8,969 new and resale houses and condos closed escrow in the metro area encompassing Miami-Dade, Palm Beach and Broward counties. That was down 10.9 percent from the prior month and up 4.9 percent from a year earlier, according to San Diego-based DataQuick. The firm tracks real estate trends nationally via public property records. Typically Miami-area sales dip between August and September, with that decline averaging 10.3 percent since 1997, when DataQuick's complete Miami-area statistics begin. Sales have risen year-over-year for five consecutive months. Between January and September this year, the region's home sales totaled 83,872, up 2.7 percent from the same period last year. Sales of newly built homes during the first nine months of this year fell 7.0 percent from the same period last year, while they inched up 0.2 percent for resale condos and increased 6.8 percent for resale houses. Total sales for the month of September fell 14.7 percent short of the average number of sales for that month since 1997. The number of existing (not new) houses and condos that closed escrow in September was 1.9 percent below the historical average for the month, though condo resales were 21.2 percent above average. New-home sales fell nearly 74 percent short of the September average. When viewed by price segment, the Miami area's September sales dropped 14 percent year-over-year for homes priced below $100,000, and dipped 2.5 percent for homes below $200,000. Sales between $200,000 and $600,000 posted a nearly 19 percent annual gain in September, while the number of homes that sold above $800...
  • 10:22 AM » FDIC to Hold Meeting of Advisory Committee on Community Banking
    Published Fri, Nov 02 2012 10:22 AM by
    Press Release FDIC to Hold Meeting of Advisory Committee on Community Banking Agenda to Include Update of Community Banking Initiatives FOR IMMEDIATE RELEASE November 2, 2012 Media Contact: Andrew Gray (202) 898-7192   The Federal Deposit Insurance Corporation (FDIC) has announced that it will hold a meeting of its Advisory Committee on Community Banking on Thursday, November 8, 2012. The meeting will feature an update from staff working on the FDIC's Community Banking Initiatives, including a summary of the six community banker roundtables held across the country this year and updates on both the research agenda and supervisory process initiatives. The FDIC has announced that it will release additional findings from the Community Banking Initiatives by the end of the year. In 2009, the FDIC Board of Directors approved establishing the FDIC Advisory Committee on Community Banking to provide the FDIC with advice and guidance on a broad range of important policy issues affecting small community banks throughout the country, as well as the local communities they serve, with a focus on rural areas. Attachments: Advisory Committee on Community Banking Community Banking Initiatives # # # Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 7,246 banks and savings associations, and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars — insured financial institutions fund its operations. FDIC press releases and other information are available on the Internet at , by subscription electronically (go to ) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). PR-126-2012 The FDIC does not send...
    Click Here to Read the Full Article

  • 10:21 AM » Ally Reports $384 Million Profit for Third Quarter
    Published Fri, Nov 02 2012 10:21 AM by Bloomberg
    Ally Reports $384 Million Profit for Third Quarter Bloomberg Ally Financial Inc. (ALLY), the auto lender that got a $17.2 billion government bailout, reported a $384 million profit for the third quarter after posting a loss a year earlier. Earnings compared with a loss of $898 million in the second quarter and a loss of $210 ...
  • 8:18 AM » The Next Big Thing in Luxury-Branded Real Estate
    Published Fri, Nov 02 2012 8:18 AM by CNBC
    "Branded" properties could become the norm as demand for high standards of design, leisure and labeled property increases among the rich in both established and emerging markets, according to the latest report from property group Knight Frank.
  • 8:17 AM » US Stocks Seen Flat Ahead of Jobs Report
    Published Fri, Nov 02 2012 8:17 AM by CNBC
    U.S. stock index futures pointed to a flat-to-lower open on Wall Street on Friday, with investors' attention focused on the Labor Department's monthly jobs report, due at 8:30 a.m. New York time.
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Mortgage Rates:
  • 30 Yr FRM 4.65%
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  • 15 Yr FRM 4.11%
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  • Jumbo 30 Year Fixed 4.68%
MBS Prices:
  • 30YR FNMA 4.5 103-29 (0-00)
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  • 30YR FNMA 5.0 105-20 (-0-01)
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  • 30YR FNMA 5.5 107-04 (0-02)
Recent Housing Data:
  • Mortgage Apps -2.60%
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  • Refinance Index -3.69%
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  • Purchase Index -1.98%