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Tue, Feb 19 2013
12:57 PM » The Real Estate Recovery, in Your Neighborhood
Published Tue, Feb 19 2013 12:57 PM by
CNBC
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As we enter the first stages of real recovery, it is more important than ever, for home owners, buyers and investors, to hone in on local markets to see what is and what is not putting housing back on a strong foundation and which regions are leading or lagging.
Click Here to Read the Full Article
Source: CNBC
10:33 AM » FHFA: HARP Refinances Reach 2 Million
Published Tue, Feb 19 2013 10:33 AM by
FHFA
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February 19, 2013: HARP Refinances Reach 2 Million
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Source: FHFA
10:14 AM » Builder Confidence Virtually Unchanged in February
Published Tue, Feb 19 2013 10:14 AM by
NAHB
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Source: NAHB
10:01 AM » Home Builders Get Jitters for First Time in a Year
Published Tue, Feb 19 2013 10:01 AM by
CNBC
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After showing steady and healthy gains through much of last year, home builder sentiment took a step backward in February.
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Source: CNBC
9:52 AM » Bank Of America Back Door Bailout Comes To Light
Published Tue, Feb 19 2013 9:52 AM by
www.nytimes.com
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MANY people became rightfully upset about bailouts given to big banks during the mortgage crisis. But it turns out that they are still going on, if more quietly, through the back door. The existence of one such secret deal, struck in July between the Federal Reserve Bank of New York and Bank of America, came to light just last week in court filings.
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Source: www.nytimes.com
9:52 AM » The Second-Mortgage Shell Game
Published Tue, Feb 19 2013 9:52 AM by
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IN January, federal regulators announced an $8.5 billion agreement with 10 mortgage servicers to settle claims of foreclosure abuses, including bungled loan modifications and the wrongful evictions of borrowers who were either current on their payments or making reduced monthly payments.
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Source: www.nytimes.com
9:39 AM » From Wall Street to Main Street: The Impact of the Financial Crisis on Consumer Credit Supply
Published Tue, Feb 19 2013 9:39 AM by
The Big Picture
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A Federal Reserve working paper studies how the collapse of the asset backed securities (ABS) market during the financial crisis of 2007-2009 affected the supply of credit to the broader economy using a new dataset that describes unique interbank relationships within the credit union industry. "we find that ABS related losses at correspondent credit unions [...]
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Source: The Big Picture
9:38 AM » Could The Mortgage Crisis Make A Comeback?
Published Tue, Feb 19 2013 9:38 AM by
The Huffington Post
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IN January, federal regulators announced an $8.5 billion agreement with 10 mortgage servicers to settle claims of foreclosure abuses, including bungled loan modifications and the wrongful evictions of borrowers who were either current on their payments or making reduced monthly payments.
Click Here to Read the Full Article
Source: The Huffington Post
9:34 AM » INFOGRAPHIC: Why is FHA a 'high risk' government program?
Published Tue, Feb 19 2013 9:34 AM by
House Financial Services
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On February 14, 2013 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".
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Source: House Financial Services
9:14 AM » Simpson, Bowles Ready New Fiscal Fix: Report
Published Tue, Feb 19 2013 9:14 AM by
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Alan Simpson and Erskine Bowles are set to propose a new plan to rewrite the tax code and push through new spending cuts, according to the Wall Street Journal.
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Source: CNBC
8:19 AM » US Stocks Seen Higher After Holiday
Published Tue, Feb 19 2013 8:19 AM by
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U.S. stock index futures pointed to a slightly higher open on Tuesday, mirroring gains in European shares after the food and beverages sector rose on upbeat earnings. French food group Danone posted better-than-expected sales and announced cost-reducing measures including 900 job cuts.
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View More at the Market Data Center
Mortgage Rates:
30 Yr FRM 3.77%
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15 Yr FRM 2.93%
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30YR FNMA 4.5 107-04
(-0-03)
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30YR FNMA 5.0 107-30
(-0-03)
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30YR FNMA 5.5 108-13
(-0-01)
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4.76%
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1.81%
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Refinance Index
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