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  • Thu, Feb 14 2013
  • 9:47 PM » Pennsylvania Adds New Industry Licenses
    Published Thu, Feb 14 2013 9:47 PM by NMLS
    The Pennsylvania Department of Banking and Securities is accepting new application and transition requests through NMLS starting February 15, 2013 for Check Casher (company and branch) and Retail Grocery Store Check Casher (company). For details see the Pennsylvania Transition Plan .
  • 4:34 PM » NAFCU hails new Royce-McCarthy MBL bill
    Published Thu, Feb 14 2013 4:34 PM by NAFCU
    NAFCU President and CEO Fred Becker today hailed the introduction by Reps. Ed Royce, R-Calif., and Carolyn McCarthy, D-N.Y., of a credit union member business lending bill that seeks anew to facilitate an increase in the MBL cap to a maximum 27.5 percent of assets for eligible institutions.
  • 2:16 PM » Freddie Mac: February 2013 U.S. Economic and Housing Market Outlook
    Published Thu, Feb 14 2013 2:16 PM by
    February 2013 U.S. Economic and Housing Market Outlook
    Click Here to Read the Full Article

  • 1:41 PM » Flagstar Sells DocVelocity to Capsilon
    Published Thu, Feb 14 2013 1:41 PM by Flagstar
    DocVelocity Augments Capsilon's Sales and Support Capabilities; Capsilon to Assume Customer Relationships TROY, Mich. and SAN FRANCISCO, Feb. 14, 2013 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC) has agreed to sell the assets and operations of DocVelocity, its document imaging business for mortgage lenders, to Capsilon, a provider of cloud-based document sharing, imaging and collaboration solutions for mortgage lenders. Capsilon developed much of the technology that DocVelocity has marketed and sold since 2007, and which Flagstar has used to provide paperless mortgage processing to its wholesale customers. Following the transaction, Flagstar will continue to use the DocVelocity ...
  • 1:03 PM » Sen. Warren: Too-big-to-fail is too-big-for-trial
    Published Thu, Feb 14 2013 1:03 PM by Market Watch
    Elizabeth Warren, in her first hearing as a U.S. senator, on Thursday, raised concerns that bank regulators typically do not taken large financial institutions to trial, arguing that the biggest financial institutions have become too-big-for-trial.
  • 1:02 PM » Low inflation may allow longer QE: Fed's Bullard
    Published Thu, Feb 14 2013 1:02 PM by Market Watch
    WASHINGTON (MarketWatch) -- Current "rather low" readings on inflation may give the Federal Reserve leeway to continue buying bonds and mortgage-related assets longer than otherwise would be the case, said James Bullard, president of the St. Louis Federal Reserve, on Thursday. The Fed's $85 billion per-month asset-purchase plan has no end date. The Fed has said only that it wants to see a substantial improvement in the labor-market outlook. Being more specific about what "substantial improvement" means may be a "bridge too far" for the Fed, Bullard said in a speech at Mississippi University. Bullard favors tapering purchases rather than bringing them to a sudden stop. Some Fed officials have said they think the purchases could end well before the end of the year.
  • 1:01 PM » Underwater & Drowning? Mortgages Targeted by Eminent Domain
    Published Thu, Feb 14 2013 1:01 PM by The Big Picture
    Underwater and Drowning? Some Facts about Mortgages that Could Be Targeted by Eminent Domain Andreas Fuster, Caitlin Gorback, and Paul Willen February 13, 2013       Since the onset of the subprime crisis, many places across the United States have been affected by high levels of negative equity (meaning that borrowers owe more on their [...]
    Click Here to Read the Full Article

    Source: The Big Picture
  • 12:35 PM » Housing Recovery to Boost Jobs: Goldman Sachs
    Published Thu, Feb 14 2013 12:35 PM by CNBC
    Goldman Sachs economists forecast that residential investment-related employment growth should pick up this year and next.
  • 12:35 PM » Housing Inventory, Already Low, Dropped Further in January
    Published Thu, Feb 14 2013 12:35 PM by WSJ
    The number of homes listed for sale, which stood at an 11-year low at the end of last year, fell even further in January, according to a report released Thursday.
  • 10:52 AM » Hensarling Statement on FHA Being Added to "High Risk" List by GAO
    Published Thu, Feb 14 2013 10:52 AM by House Financial Services
    WASHINGTON -- Financial Services Committee Chairman Jeb Hensarling released the following statement today after the Government Accountability Office (GAO) added the Federal Housing Administration (FHA) to its list of government programs identified as "high risk due to their greater vulnerability to fraud, waste, abuse and mismanagement or the need for transformation". FULL GAO REPORT (.pdf)                                                          "This reinforces everything our committee has been saying about the FHA for some time now - it is a high risk to taxpayers, it is a high risk to the mortgage insurance market and it represents a high risk to our economy.  "We know the FHA is broke and is quickly approaching bailout-broke. So, while it is troubling, it is not surprising that GAO would add FHA to their high risk list.  "For Americans to have a healthy economy, we must put the nation on a sustainable fiscal path. And to have a sustainable fiscal path, we must also have a sustainable housing finance system. Today's announcement from GAO underlines my grave fears that FHA, as it is operating today, is an impediment to both," said Chairman Hensarling.  The Financial Services Committee has held two hearings just this month to review the financial condition and the role of the FHA. These two hearings are part of an ongoing series the committee will hold throughout the year that focus on FHA and the need to create a sustainable mortgage finance system.  An actuarial report released by the Department of Housing and Urban Development in November revealed the FHA's single-family insurance fund, which insures more than $1 trillion worth of home...
    Click Here to Read the Full Article

    Source: House Financial Services
  • 10:06 AM » Freddie Mac: 30-Year Fixed-Rate Mortgage Unchanged for Third Consecutive Week
    Published Thu, Feb 14 2013 10:06 AM by
    30-Year Fixed-Rate Mortgage Unchanged for Third Consecutive Week
    Click Here to Read the Full Article

  • 8:17 AM » Housing Industry Looks to Obama to Soften Mortgages
    Published Thu, Feb 14 2013 8:17 AM by Business Week
    Housing Industry Looks to Obama to Soften Mortgages Businessweek U.S. Realtors and mortgage bankers say they're hoping President Barack Obama's call for streamlining mortgage rules will lend new momentum to efforts to prevent imposing a strict minimum down payment for home loans. "Right now, overlapping ... and more »
    Click Here to Read the Full Article

    Source: Business Week
  • 8:15 AM » FHA Plays a Critical Housing Role
    Published Thu, Feb 14 2013 8:15 AM by CRL
    Statement of CRL President Mike Calhoun on today's report by HUD on the FHA's financial status.
  • 1:57 AM » Foreclosure Filings Drop to 6-Year Low on California Law
    Published Thu, Feb 14 2013 1:57 AM by Bloomberg
    Foreclosure Filings Drop to 6-Year Low on California Law Bloomberg U.S. foreclosure filings fell 28 percent last month from a year earlier to the lowest level since April 2007, as a new California law slowed first-time defaults in the most-populous state, according to RealtyTrac. Filings across the nation dropped 7 percent from ... and more »
  • 12:18 AM » Sen. Coburn: Sequestration will happen
    Published Thu, Feb 14 2013 12:18 AM by
    The government may have averted sequestration in December, but it won't avoid it for long, according to Sen. Tom Coburn, R-Okla. "We're gonna have a sequestration. we're gonna have some pain because the politicians on the Hill aren't going to make cogent, smart decisions about alternatives to this until they start feeling some pain," Coburn said on Wednesday's Morning Joe. "It's a stupid way to govern, but that's the way we're doing it right now. I think the blame lies on everyone's shoulders including the president's. Then we're going to start coming around and picking and choosing what's important and eliminating what's not of great value and what we can't afford."
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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.78%
  • |
  • 15 Yr FRM 4.21%
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  • Jumbo 30 Year Fixed 4.80%
MBS Prices:
  • 30YR FNMA 4.5 103-22 (0-10)
  • |
  • 30YR FNMA 5.0 105-18 (0-07)
  • |
  • 30YR FNMA 5.5 107-04 (-0-05)
Recent Housing Data:
  • Mortgage Apps -1.15%
  • |
  • Refinance Index -2.64%
  • |
  • Purchase Index 5.06%