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  • Thu, Apr 18 2013
  • 9:13 PM » Reesio CEO Mark Thomas Is Reinventing Real Estate Transactions & Tech Deals
    Published Thu, Apr 18 2013 9:13 PM by The Basis Point
    Real estate technology is coming of age. Reesio and these other startups are rising quickly, and changing the game.
    Click Here to Read the Full Article

    Source: The Basis Point
  • 9:08 PM » California home prices soar 8 percent in 1 month
    Published Thu, Apr 18 2013 9:08 PM by Business Week
    California home prices soar 8 percent in 1 month Businessweek LOS ANGELES (AP) - California's median home sales price soared more than 8 percent from February to March - the latest evidence of the fast-paced recovery in the state's housing market as buyers compete for thin supplies, a research firm said Thursday ...
    Click Here to Read the Full Article

    Source: Business Week
  • 9:08 PM » The New Rules of House Flipping
    Published Thu, Apr 18 2013 9:08 PM by CNBC
    As the housing recovery creeps along, bargain-hunters are looking for homes to fix up and resell for a quick profit.
  • 9:02 PM » New Infographic Focuses on Home Improvements
    Published Thu, Apr 18 2013 9:02 PM by www.census.gov
    When faced with a choice, many homeowners decide to improve their homes, rather than to move. They modernize the kitchen, replace the roof, finish the basement, add a bathroom, or make their home more energy efficient. A new "How Do We Know?" infographic, "Home Improvements," uses results from the 2011 ...
    Click Here to Read the Full Article

    Source: www.census.gov
  • 3:35 PM » Fed's Raskin, Aspects of Inequality in the Recent Business Cycle
    Published Thu, Apr 18 2013 3:35 PM by Federal Reserve
    Speech at the "Building a Financial Structure for a More Stable and Equitable Economy" 22nd Annual Hyman P. Minsky Conference on the State of the U.S. and World Economies, New York, New York
    Click Here to Read the Full Article

    Source: Federal Reserve
  • 3:04 PM » Secretary Lew Discusses the State of the Global Economy
    Published Thu, Apr 18 2013 3:04 PM by www.treasury.gov
    Yes terday, Secretary Lew visited Johns Hopkins University's School of Advanced International Studies to deliver remarks and participate in a discussion on the state of the global economy. Previewing his participation in the International Monetary Fund, World Bank and G-20 spring meetings in Wash ington this week, Secretary Lew spoke about the challenges facing the international community in strengthening the global financial system and ensuring growth and opportunity in all nations. Secretary Lew took questions from the Wall Street Journal 's David Wessel and later opened up the discussion to answer students' questions on the pressing economic matters of the day. The discussion covered the President's economic priorities outlined in the FY 2014 Budget as well the Treasury Department's continued engagement with our partners around the world. Read the text of Secretary Lew's remarks here and watch the video of the entire event here . Stay tuned to our Twitter @USTreasury for the latest news from Secretary Lew's meetings with the international community this week.? Anthony Reyes is the New Media Specialist at the U.S. Department of the Treasury.
    Click Here to Read the Full Article

    Source: www.treasury.gov
  • 2:20 PM » Did underwater mortgages kill the economy?
    Published Thu, Apr 18 2013 2:20 PM by Washington Post
    The housing market, finally, is recovering. Home prices are up 8 percent over the past year. And that is providing relief to a particular set of homeowners the underwater borrowers who owe more than their properties are worth. Over past year alone, 1.7 million homeowners have climbed out from being underwater. Read full article >>        
    Click Here to Read the Full Article

    Source: Washington Post
  • 10:14 AM » Freddie Mac: Mortgage Rates Move Lower Again, Near Record Lows
    Published Thu, Apr 18 2013 10:14 AM by freddiemac.mwnewsroom.com
    Mortgage Rates Move Lower Again, Near Record Lows
    Click Here to Read the Full Article

    Source: freddiemac.mwnewsroom.com
  • 10:00 AM » German regulator to intensify Deutsche Bank libor probe: sources
    Published Thu, Apr 18 2013 10:00 AM by Reuters
    FRANKFURT/BERLIN (Reuters) - German regulator Bafin has raised doubts about Deutsche Bank's internal probe of its role in setting inter-bank lending rates and will intensify its probe of Germany's biggest lender, two sources familiar with Bafin's report said.
  • 9:40 AM » Kocherlakota Sees Fed's Low Rates Creating Financial Instability
    Published Thu, Apr 18 2013 9:40 AM by Bloomberg
    Kocherlakota Sees Fed's Low Rates Creating Financial Instability Bloomberg Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said the central bank's low interest rate policies, though necessary, will probably generate signs of financial instability. "Unusually low real interest rates should be expected to be linked ... and more »
  • 9:25 AM » More Trouble For BofA CEO
    Published Thu, Apr 18 2013 9:25 AM by The Huffington Post
    By Jonathan Stempel April 17 (Reuters) - A federal judge has revived a securities fraud lawsuit accusing Bank of America Corp Chief Executive Brian Moynihan, his predecessor Kenneth Lewis, and others of misleading shareholders about the risk the bank might have to buy back large amounts of soured mortgages. U.S. District Judge William Pauley in Manhattan in July had dismissed various claims against the executives by shareholders led by the Pennsylvania Public School Employees' Retirement System, while letting their case against the second-largest U.S. bank proceed. But Pauley said the new allegations in an amended lawsuit "plausibly establish fraudulent conduct and a culpable state of mind as to all executive defendants" for allegedly concealing the buyback potential when certifying the bank's financials. He also said Moynihan could be liable for statements that were inconsistent with a May 13, 2010, letter sent on his behalf to the Financial Crisis Inquiry Commission regarding the bank's securitization practices. The other individual defendants include former chief financial officers Joe Price and Charles Noski, and Chief Accounting Officer Neil Cotty. Jay Kasner, a lawyer for the individual defendants, was not immediately available for comment. Bank of America spokesman Lawrence Grayson declined to comment. Mark Rosen, a lawyer for the plaintiffs, was not immediately available for comment. The shareholders alleged they had been misled into buying shares of Charlotte, North Carolina-based Bank of America in 2009 and 2010. They claimed that Bank of America knew at the time it faced capital shortfalls and large mortgage buybacks, and that recordkeeping in Merscorp Inc's private Mortgage Electronic Registration Systems registry was so poor that it would not be able to legally foreclose on thousands of delinquent mortgages. Mortgage finance giants Fannie Mae and Freddie Mac and several large banks had established MERS in 1995 to circumvent the...
    Click Here to Read the Full Article

    Source: The Huffington Post
  • 9:17 AM » Fed's Rosengren: Risk of Financial Runs -- Implications for Financial Stability
    Published Thu, Apr 18 2013 9:17 AM by Boston Fed
    Remarks at "Building a Financial Structure for a More Stable and Equitable Economy," the 22nd Annual Hyman P. Minsky Conference on the State of the U.S. and World Economies
  • 8:53 AM » Wells Fargo Taps Notre Dame Coach for Mortgage Boost
    Published Thu, Apr 18 2013 8:53 AM by Bloomberg
    Wells Fargo Taps Notre Dame Coach for Mortgage Boost Bloomberg Wells Fargo & Co. (WFC), the largest U.S. home lender, is turning to former University of Notre Dame football coach Lou Holtz and a captive audience of real-estate agents to attract new business as the pace of U.S. mortgage refinancings is set to drop to the ...
  • 8:52 AM » White House Said Near Decision on Leader of Fannie Mae Regulator
    Published Thu, Apr 18 2013 8:52 AM by Business Week
    White House Said Near Decision on Leader of Fannie Mae Regulator Businessweek Edward J. DeMarco, who has served as acting director of the Federal Housing Finance Agency since 2009, is scheduled today to update a Senate panel on the FHFA's oversight of Fannie Mae and Freddie Mac. It's unclear how much longer he'll be guiding ...
    Click Here to Read the Full Article

    Source: Business Week
  • 8:51 AM » QE Should End Now, Fed's Lacker Says
    Published Thu, Apr 18 2013 8:51 AM by CNBC
    Richmond Fed President Jeffery Lacker said "if you made me dictator" the Fed would stop its massive bond-buying program.
  • 8:47 AM » Did Cocaine Contribute to the Financial Crisis?
    Published Thu, Apr 18 2013 8:47 AM by CNBC
    British professor David Nutt argues that drug abuse helped bring about the financial crisis. Though cocaine is popular on Wall Street, Ritalin and Adderall are even more popular.
  • 8:46 AM » Fed's Lacker: Economic Growth Looks to be Trending Around 2%; Should Stop Fed Bond-Buying Program
    Published Thu, Apr 18 2013 8:46 AM by CNBC
    This is a breaking news story. Check back shortly for updates.. Richmond Fed President Jeffrey Lacker appeared on CNBC's " Squawk Box" on Thursday.
  • 8:44 AM » DeMarco: An Update from the FHFA on Oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks
    Published Thu, Apr 18 2013 8:44 AM by FHFA
    April 18, 2013: Statement of Edward J. DeMarco, Acting Director, Federal Housing Finance Agency, Before the U.S. Senate Committee on Banking, Housing and Urban Affairs, "An Update from the Federal Housing Finance Agency on Oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks"
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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.13%
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  • 15 Yr FRM 3.30%
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  • Jumbo 30 Year Fixed 4.00%
MBS Prices:
  • 30YR FNMA 4.5 108-07 (0-10)
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  • 30YR FNMA 5.0 110-20 (0-08)
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  • 30YR FNMA 5.5 111-16 (0-04)
Recent Housing Data:
  • Mortgage Apps -7.23%
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  • Refinance Index -10.65%
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  • FHFA Home Price Index 0.67%