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  • Tue, Nov 6 2012
  • 7:09 PM » Nationstar Mortgage returns to profit in 3Q
    Published Tue, Nov 06 2012 7:09 PM by Business Week
    Nationstar Mortgage returns to profit in 3Q Businessweek LEWISVILLE, Texas (AP) - Mortgage servicer Nationstar Mortgage Holdings Inc. returned to a profit in the third quarter, as revenue more than tripled on higher servicing fees. The company's servicing portfolio, as measured by unpaid principal balance, ... and more »
    Click Here to Read the Full Article

    Source: Business Week
  • 3:37 PM » Behind Election Day Rally: 'It's Running on Rumors'
    Published Tue, Nov 06 2012 3:37 PM by CNBC
    Stocks are on track for a big election day gain, fueled by relief the uncertainty around the presidential election will end-but also on sprigs of hope that Mitt Romney might win.
  • 3:09 PM » Mortgage Investors Face More 'Meddling' With Obama, Annaly Says
    Published Tue, Nov 06 2012 3:09 PM by Business Week
    Mortgage Investors Face More 'Meddling' With Obama, Annaly Says Businessweek Annaly Capital Management Inc. (NLY), the largest real-estate investment trust that buys mortgage debt, said a re-election of President Barack Obama may lead to more aggressive housing policies, including new efforts to spur refinancing among borrowers ...
    Click Here to Read the Full Article

    Source: Business Week
  • 3:00 PM » Wells Fargo Boosts Cost of Interest Lost to Mortgage Settlement
    Published Tue, Nov 06 2012 3:00 PM by Business Week
    Wells Fargo Boosts Cost of Interest Lost to Mortgage Settlement Businessweek Wells Fargo & Co. (WFC), the home lender that agreed to refinance mortgages after a probe of the industry's practices, may forgo as much as $2 billion in interest, $300 million more than previously estimated. The lost interest may range from $1.8 billion to $2 ... and more »
    Click Here to Read the Full Article

    Source: Business Week
  • 1:32 PM » Residential Rejections of the Rich and Famous
    Published Tue, Nov 06 2012 1:32 PM by CNBC
    It's assumed few doors are closed to the rich and famous. But for celebrities aspiring to buy co-op apartments in New York City, that isn't necessarily true. See who has been turned away from some of the region's most upscale digs.
  • 12:07 PM » Election Likely to Leave Housing Unmoved
    Published Tue, Nov 06 2012 12:07 PM by WSJ
    Ahead of the Tape: Don't fix what isn't broken. Whatever the outcome of Tuesday's elections, that is likely to be one view of the housing market, especially given its nascent rebound.
  • 11:54 AM » Housing-Market Recovery in US Not 'Resounding,' Shiller Says
    Published Tue, Nov 06 2012 11:54 AM by Bloomberg
    Housing-Market Recovery in US Not 'Resounding,' Shiller Says Bloomberg The U.S. housing recovery is a fragile one and should be spurred by reducing the role of government in the mortgage-finance system, said Robert Shiller, a professor at Yale University and co-creator of the S&P/Case- Shiller index of property values.
  • 11:37 AM » CFPB: Protecting and rebuilding your finances after a disaster
    Published Tue, Nov 06 2012 11:37 AM by CFPB
    After the shock of a disaster, it's time to rebuild. Starting over requires a lot of complex choices, uncertainty and expense. Being prepared and knowing how to protect yourself can help you avoid scams, save money and get back on your feet faster. Relief organizations like the Red Cross can help you with your immediate [...]
  • 10:37 AM » NAHB: List of Improving Housing Markets Expands to 125 in November
    Published Tue, Nov 06 2012 10:37 AM by NAHB
    Press Release
  • 9:38 AM » Freddie Mac turns profit, does not seek taxpayer aid
    Published Tue, Nov 06 2012 9:38 AM by Reuters
    (Reuters) - Freddie Mac reported a third-quarter profit on Tuesday and said it was not requesting additional funds from the U.S. Treasury to stay solvent.
  • 8:59 AM » Freddie Mac Reports Third Quarter 2012 Financial Results
    Published Tue, Nov 06 2012 8:59 AM by Freddie Mac
    MCLEAN, Va., Nov. 6, 2012 /PRNewswire/ -- Freddie Mac (OTC: FMCC) today reported its third quarter 2012 financial results and filed its quarterly Form 10-Q with the U.S. Securities and Exchang...
  • 7:35 AM » DeMarco to WaPo: No plans to leave
    Published Tue, Nov 06 2012 7:35 AM by NAFCU
    Ed DeMarco, acting director of the Federal Housing Finance Agency, told The Washington Post that he isn't looking to step down from his current position, according to an article Nov. 3.
  • 7:12 AM » US Stocks Seen Higher on Election Day
    Published Tue, Nov 06 2012 7:12 AM by CNBC
    U.S. stock index futures pointed to a higher open on Wall Street, with investors' attention firmly fixed on the U.S. presidential election on Tuesday.
  • 1:15 AM » Fed's Williams Says QE3 Poses Risks While Aiding Growth
    Published Tue, Nov 06 2012 1:15 AM by Bloomberg
    Fed's Williams Says QE3 Poses Risks While Aiding Growth Bloomberg Federal Reserve Bank of San Francisco President John Williams said the central bank's unprecedented bond buying may bring unintended consequences as it boosts economic growth without spurring inflation. Research shows the Fed's three rounds of ... and more »
  • 1:14 AM » Fed's Williams sees no asset bubbles from QE
    Published Tue, Nov 06 2012 1:14 AM by Market Watch
    WASHINGTON (MarketWatch) - The Federal Reserve's latest round of bond buying has not led to asset bubbles, John Williams, the president of the San Francisco Federal Reserve Bank, said Monday. While it is a legitimate concern that the Fed's actions could contribute to "excessive risk-taking," as investors sometimes are reckless in seeking higher returns, most indicators of financial-market conditions still point to a climate of "heightened risk aversion," Williams remarked in a speech at the University of California at Irvine. "Memories of 2008 are simply too close for most financial-market participants to go on a limb," he noted. "If the situation were to change significantly, we could modify our unconventional policies to mitigate undesired effects on risk-taking," Williams said, without going into specifics. In the wake of the financial crisis, the central bank and the Treasury Department have set up and staffed new divisions to watch market conditions more closely and alert officials to imbalances or excesses.
  • 1:13 AM » ResCap Buyer Must Honor Mortgage Settlement, U.S. Says
    Published Tue, Nov 06 2012 1:13 AM by Bloomberg
    ResCap Buyer Must Honor Mortgage Settlement, U.S. Says Bloomberg Bankrupt Residential Capital LLC should be barred from selling its mortgage servicing unit to Ocwen Financial Corp. (OCN) unless Ocwen agrees to honor ResCap's portion of a $25 billion legal settlement with the U.S. and 49 states, government lawyers said ...
  • 1:13 AM » US Offers Mortgage Relief to Homeowners Hurt by Sandy
    Published Tue, Nov 06 2012 1:13 AM by Business Week
    US Offers Mortgage Relief to Homeowners Hurt by Sandy Businessweek The U.S. Department of Housing and Urban Development has ordered a 90-day moratorium on foreclosures for homeowners with federally insured mortgages in four states recovering from superstorm Sandy. The agency is also allowing officials in Rhode ...
    Click Here to Read the Full Article

    Source: Business Week
  • 1:13 AM » Weak big bank risk controls still a concern: FSB
    Published Tue, Nov 06 2012 1:13 AM by Market Watch
    WASHINGTON (MarketWatch) - Weak risk controls are still a concern at big global banks and supervision of the largest financial institutions needs to be strengthened, said the chairman of an international bank-regulation standard setter Monday. Mark Carney, the governor of the Bank of Canada and the chairman of the Financial Stability Board, said in a letter that authorities from countries that are members of the board are giving themselves six additional months until mid-2013 to set up so-called "living wills" for banks to explain how they would divide assets if they fail. He added that progress to create these wills has been "uneven" across jurisdictions. A process for regulators to conduct peer- reviews of procedures to dismantle a big failing bank is being pushed back to the second half of 2013. The letter comes after finance ministers and central bankers met in Mexico City. The standard setter last week designated 28 big banks as systemically risky, which means that most of them eventually need to hold additional capital. J.P. Morgan Chase & Co. , Citigroup Inc. , Deutsche bank and HSBC Holdings will need to hold the most capital of 2.5% of assets each.
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Mortgage Rates:
  • 30 Yr FRM 4.43%
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  • 15 Yr FRM 3.50%
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  • Jumbo 30 Year Fixed 4.20%
MBS Prices:
  • 30YR FNMA 4.5 107-00 (0-02)
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  • 30YR FNMA 5.0 109-08 (0-01)
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  • 30YR FNMA 5.5 110-13 (0-00)
Recent Housing Data:
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  • Refinance Index -3.75%
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  • FHFA Home Price Index 0.67%