Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
28,899
# of Forum Posts
Select a Date
Use the calendar to view news headlines from a specific date.
Today  |  Yesterday  |  Random
Bottom Right Default
State Name: Connecticut
State Name underscore: Connecticut
State Name dash: Connecticut
State Name lower underscore: connecticut
State Name lower dash: connecticut
State Name lower: connecticut
State Abbreviation: CT
State Abbreviation Lower: ct
Suggest a Story
Paste the URL of the story below to submit for editorial review and possible inclusion in ATW.
Please add 3 and 4 and type the answer here:
Leave this field blank.
What is Around the Web?
It is a continuously updated stream of news from around the web
Visit throughout the day for the latest breaking news.
» Click any link below to read more.
  • Mon, Mar 11 2013
  • 3:49 PM » DataQuick: January Seattle Home Sales Report
    Published Mon, Mar 11 2013 3:49 PM by DataQuick
    Seattle Region January Home Sales Seattle-area home sales hit a six-year high for the month of January, rising above a year earlier for the 19th consecutive month. The median sale price fell from December, as it normally does, but increased year-over-year for the 10th consecutive month, a real estate information service reported. A total of 3,102 new and resale houses and condos closed escrow during January in the Seattle-Tacoma-Bellevue metro area encompassing King, Snohomish and Pierce counties. January's total sales fell 26.0 percent from the month before and increased 25.1 percent from a year earlier, according to San Diego-based DataQuick. The firm tracks real estate trends nationally via public property records. A dip in sales between December and January is normal, with that decline averaging 25.6 percent since 1994, when DataQuick's complete Seattle-area statistics begin. The number of homes sold this January was the highest for that month since January 2007, when 4,223 homes sold. This January's sales total was still 6.7 percent below the average number of homes sold during all months of January since 1994. Resale single-family house sales were 9.2 percent below the historical average for January, while condo resales were 28.4 percent above average and sales of newly built homes were 20.4 percent below average. The Seattle-area resale market - existing single-family houses and condos combined - posted a 19.4 percent increase in sales compared with a year earlier, while sales of newly built homes logged a 63.7 percent increase. January sales of new Seattle-area houses and condos combined were the highest for that month in five years. The year-over-year increase in total January sales was driven by big gains for sales above $200,000, while the number of homes that sold for less than $200,000 rose just 1.0 percent year-over-year and sub-$150,000 sales fell 12.2 percent. Sales of homes priced above $200,000 rose 42.6 percent year-over-year, while $300...
  • 2:49 PM » Finishing Dodd-Frank rules 'imperative': White
    Published Mon, Mar 11 2013 2:49 PM by Market Watch
    WASHINGTON (MarketWatch) -- Finishing rulemaking under the Dodd-Frank Wall Street-reform law must be an "immediate imperative" for the Securities and Exchange Commission, SEC chairman-nominee Mary Jo White said in a prepared statement for her Senate confirmation hearing. White, a former U.S. attorney for the Southern District of New York, also said she would further strengthen the SEC's enforcement function and make sure the agency fully understands high-frequency trading and other aspects of the current marketplace. President Barack Obama in January nominated White to head the SEC. Her Tuesday confirmation hearing is before the Senate Banking Committee, and her statement was released Monday by that panel.
  • 2:47 PM » Coalition briefs Congress on QRM
    Published Mon, Mar 11 2013 2:47 PM by National Housing Conference
    by Ethan Handelman, National Housing Conference I led a panel [Monday] to brief Congressional staff on how the qualified residential mortgage (QRM) rule can align with the qualified mortgage (QM) rule to encourage safe mortgages that are accessible to borrowers of low and moderate income and also perform well for investors. Several other members of the Coalition for Sensible Housing Policy joined me: Ken Fears , Senior Economist and the Manager, Regional Economics and Mortgage Finance for the Research Division of the National Association of REALTORS Kenneth W. Edwards , Policy Counsel for the Center for Responsible Lending Michael Fratantoni , Vice President of Single-Family Research and Policy Development for the Mortgage Bankers Association Julia Gordon , Director of Housing Finance and Policy at the Center for American Progress Those who have been following NHC's work on the QRM won't be surprised by the content of the presentation. QRM shouldn't require high downpayments or restrictive debt-to-income ratios. Indeed, the best move for regulators would be to use the recently adopted QM rule as the standard for QRM .
    Click Here to Read the Full Article

    Source: National Housing Conference
  • 2:22 PM » Experian Announces Availability of VantageScore 3.0
    Published Mon, Mar 11 2013 2:22 PM by press.experian.com
    Experian Announces Availability of VantageScore 3.0<br/>http://press.experian.com/United-States/Press-Release/experian-announces-availability-of-vantagescore-3-0.aspx
    Click Here to Read the Full Article

    Source: press.experian.com
  • 2:21 PM » How long will it take to get back to full US employment?
    Published Mon, Mar 11 2013 2:21 PM by www.aei-ideas.org
    The US economy has added an average of 205,000 jobs the past four months. At that pace, given the current labor force participation, it would take 49 months to hit 4.5% unemployment, according to an employment calculator from the Atlanta … read more >
    Click Here to Read the Full Article

    Source: www.aei-ideas.org
  • 2:21 PM » Secondary Sources: Housing and Inflation, Economy-Market Disconnect, Sandy Bounceback
    Published Mon, Mar 11 2013 2:21 PM by WSJ
    A roundup of economic news from around the Web.
  • 2:17 PM » Cordray Pledges Consumer Protection in Pitch to Run U.S. Bureau - Bloomberg
    Published Mon, Mar 11 2013 2:17 PM by Bloomberg
    Cordray Pledges Consumer Protection in Pitch to Run U.S. Bureau Bloomberg Consumer Financial Protection Bureau Director Richard Cordray pledged to continue to pursue policies that protect consumers as the Senate considers his second nomination to run the agency. "As the economy recovers, we want people to know they have a ...
  • 2:12 PM » ECB must cut rates or risk crisis again - Roubini
    Published Mon, Mar 11 2013 2:12 PM by CNN
    The European Central Bank will eventually be forced to cut interest rates or risk an even deeper recession that could test the eurozone again by inflaming political and social tensions, American economist Nouriel Roubini has warned.
  • 2:12 PM » New credit score could help millions
    Published Mon, Mar 11 2013 2:12 PM by CNN
    Read full story for latest details.
  • 2:11 PM » Why's a Longer Work Week Good News? More Jobs
    Published Mon, Mar 11 2013 2:11 PM by CNBC
    Last month's jobs report has some good news for struggling job seekers: a longer workweek means employers may have to hire soon.
  • 2:08 PM » Loan Rates Shrink, Good News For Higher Priced Homes
    Published Mon, Mar 11 2013 2:08 PM by CNBC
    Even as mortgage rates begin to rise, the difference between conforming and jumbo loan rates is shrinking, and that is good news for buyers of higher-priced homes.
  • 12:27 PM » We're Betting Big on Real Estate: Blackstone CEO
    Published Mon, Mar 11 2013 12:27 PM by CNBC
    "Blackstone is now the largest owner of individual houses in the United States," CEO Stephen Schwarzman said on CNBC Monday.
  • 12:07 PM » Financial Innovation Key to Future of Homeownership
    Published Mon, Mar 11 2013 12:07 PM by www.usnews.com
    Exotic financial products tanked the housing market, but smart innovation can help revive it.
    Click Here to Read the Full Article

    Source: www.usnews.com
  • 11:06 AM » AG Coakley Targets Financial Companies for Predatory Loan Practices, Warns Homeowners About Foreclosure Relief Scams
    Published Mon, Mar 11 2013 11:06 AM by www.mass.gov
    AG Coakley Targets Financial Companies for Predatory Loan Practices, Warns Homeowners About Foreclosure Relief Scams<br/>http://www.mass.gov/ago/news-and-updates/press-releases/2013/2013-03-07-imod-pinnacle.html
  • 11:01 AM » Genworth Advances in Wager on U.S. Housing-Market Rebound
    Published Mon, Mar 11 2013 11:01 AM by Bloomberg
    Genworth Advances in Wager on U.S. Housing-Market Rebound Bloomberg Genworth Financial Inc. (GNW), the provider of life insurance and mortgage guaranties, posted the largest gain in the Standard & Poor's 500 Index on speculation the company will benefit from the rebound of the housing market. Genworth rose 6.8 percent to ...
  • 9:39 AM » Rebounding Foreclosures Threaten Home Price Gains in One-Third of Major Metros
    Published Mon, Mar 11 2013 9:39 AM by S&P/Case Shiller
    Last week's S&P/Case-Shiller Home Price Indices report showed strong positive gains in home prices, but those positive gains are threatened by rebounding foreclosure activity in about one-third of the 20 markets tracked in the report. First the good news. Nineteen of the 20 metro areas tracked in the home price report registered positive year-over-year increases [...]
    Click Here to Read the Full Article

    Source: S&P/Case Shiller
  • 9:38 AM » Should Borrowers Pay More For Big FHA Mortgages?
    Published Mon, Mar 11 2013 9:38 AM by www.ourbroker.com
    Should the FHA demand more money down from those who want big mortgages? This is the question that HUD raised with a notice last month asking for a bigger down payment from those who borrow $625,500 or more. The notice gave the general public 30 days to respond to the FHA proposal, a period which [...] Should Borrowers Pay More For Big FHA Mortgages? is a post from: OurBroker.com -- Refinance, Home Mortgage Loans & Rates, Home Equity Loan
    Click Here to Read the Full Article

    Source: www.ourbroker.com
  • 9:20 AM » Financial Industry Addresses Alleged Large Bank Subsidy
    Published Mon, Mar 11 2013 9:20 AM by SIFMA
    Financial Industry Addresses Alleged Large Bank Subsidy<br/>http://www.sifma.org/news/news.aspx?id=8589942341
  • 8:23 AM » Analysis: S&P paper trail may lead nowhere in government case
    Published Mon, Mar 11 2013 8:23 AM by Reuters
    NEW YORK (Reuters) - In early 2007, as signs of distress began appearing in securities backed by residential mortgages, executives at Standard & Poor's began advising analysts responsible for rating mortgage bonds that they should put the phrase "privileged and confidential" on emails to one another.
  • 8:21 AM » US Stocks Seen Lower After Record Gains
    Published Mon, Mar 11 2013 8:21 AM by CNBC
    U.S. stock index futures signaled a lower open on Monday, mirroring falls in Europe as markets digested a credit downgrade for Italy and on-going political uncertainty in Rome.
  • 8:21 AM » Why Italy Could Be the Next 'Bad Boy of Europe'
    Published Mon, Mar 11 2013 8:21 AM by CNBC
    Italy could see its borrowing costs rise above those of troubled Spain this week, analysts told CNBC on Monday, with a credit rating downgrade on Friday and continued political deadlock posing an ever larger threat.
Did you know?
You can see a list of all comments on MND by clicking the 'Read the Latest Comments' option under the 'Community' menu.
 

More From MND

Mortgage Rates:
  • 30 Yr FRM 3.33%
  • |
  • 15 Yr FRM 3.08%
  • |
  • Jumbo 30 Year Fixed 3.48%
MBS Prices:
Recent Housing Data:
  • Mortgage Apps 1.10%
  • |
  • Refinance Index 4.97%
  • |
  • Purchase Index -5.78%