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  • Thu, Jan 2 2014
  • 4:06 PM » November Seattle Home Sale Press Release
    Published Thu, Jan 02 2014 4:06 PM by DataQuick
    Seattle Region November Home Sales Seattle-area home sales fell year-over-year in November for the first time in 29 months as an increase in mid- to high-end transactions and condo resales failed to compensate for an overall drop in sales below $300,000. The median price paid for a home dipped month-to-month again and its gain from a year earlier was the lowest in 17 months, a real estate information service reported. A total of 4,101 new and resale houses and condos closed escrow during November in the Seattle-Tacoma-Bellevue metro area encompassing King, Snohomish and Pierce counties. Seattle-area sales fell 19.4 percent from the prior month and fell 3.1 percent from a year earlier, according to San Diego-based DataQuick. The firm tracks real estate trends nationally via public property records. The number of homes sold this November was the lowest for that month since November 2011, when 3,741 homes sold, and was 6.6 percent below the average for all months of November since 1994, when DataQuick's complete Seattle-area statistics begin. Sales of existing (not new) single-family detached houses were 7.3 percent below the historical average for November, while condo resales were 36.8 percent above average and sales of newly built homes were 33.6 percent below the November average. Although November sales were lower than a year earlier, home sales for all of 2013 are on pace to rise sharply from 2012. Between January and November 2013 Seattle-area home sales totaled 54,424, up 19.2 percent from the same 11-month period in 2012. Condo resales during the January-through-November period saw the sharpest gain from 2012, rising 31.1 percent, while resale houses posted an 18.4 percent year-over-year increase and newly built homes rose 9.6 percent. In November the region's mid- to high-priced neighborhoods saw sales increase compared with a year earlier, while sales in the lower-priced areas declined. The number of Seattle-area homes sold in November for less than ...
  • 4:04 PM » CFPB seeking information on mortgage closing process
    Published Thu, Jan 02 2014 4:04 PM by www.cfpbmonitor.com
    Richard J. Andreano, Jr., In a notice scheduled to be published in tomorrow’s Federal Register, the CFPB is seeking information about the mortgage closing process from industry, consumers and other members of the public. According to the notice, because the CFPB wants “to encourage the development of a more streamlined, efficient, and educational closing process as the mortgage industry increases... More >
    Click Here to Read the Full Article

    Source: www.cfpbmonitor.com
  • 2:29 PM » For new Fed chair, headaches may be only starting
    Published Thu, Jan 02 2014 2:29 PM by CNBC
    The recent string of positive economic news could turn into a headache for Janet Yellen as she prepares to take the reins at the Federal Reserve.
  • 12:53 PM » Redfin Google Hangout Recap: Home Loans in 2014
    Published Thu, Jan 02 2014 12:53 PM by blog.redfin.com
    Redfin recently hosted a Google Hangout with mortgage expert John Wheaton to discuss how new lending regulations will impact homebuyers in 2014. If you missed the event, don't fret! We've got all the key takeaways. Read More The post Redfin Google Hangout Recap: Home Loans in 2014 appeared first on Redfin Real Estate Blog .
    Click Here to Read the Full Article

    Source: blog.redfin.com
  • 12:51 PM » Pimco Total Return ends '13 off some 2%
    Published Thu, Jan 02 2014 12:51 PM by CNBC
    The world's largest bond fund, run by Bill Gross, fell 1.92 percent for the year, according to data from Morningstar.
  • 12:50 PM » Citigroup paid $250 million to resolve U.S. mortgage suit
    Published Thu, Jan 02 2014 12:50 PM by Reuters
    WASHINGTON (Reuters) - Citigroup Inc. paid $250 million to taxpayer-owned Fannie Mae and Freddie Mac to settle a lawsuit over soured mortgage securities, the regulator of the two housing finance firms said on Thursday.
  • 12:48 PM » What's ahead for housing policy in 2014
    Published Thu, Jan 02 2014 12:48 PM by National Housing Conference
    by Ethan Handelman, National Housing Conference A version of this post originally appeared in Under One Roof .  Simply predicting that housing policy will be locked in partisan gridlock for 2014 would play safely to the odds, especially if the recent budget negotiations were any indicator. But that would miss some of the possibilities for effective, bipartisan legislation, helpful regulatory change, and essential action around the country that may well occur this year. Consider a few areas: Reforming housing finance. The Senate Banking Committee has been quietly working away in a bipartisan way to craft legislation to replace Fannie Mae and Freddie Mac. Indeed, I testified for NHC at a recent hearing. Expect the ongoing effort to carry on into 2014 and perhaps beyond, depending on whether legislation can make it through 2014. With the confirmation of Rep. Mel Watt to head the Federal Housing Finance Agency, expect change at that agency in directions that better support affordable housing. Preventing foreclosures. We're far from out of the woods on foreclosures, despite the fatigue with the issue in policymaking circles. Although rates of mortgage distress are slowing, the absolute numbers are still much worse than normal market conditions, particularly in areas hit hardest. This year saw extensions of HARP and HAMP, as well as HUD's recent proposed rule on housing counseling (see NHC's comment letter through our National Foreclosure Prevention and Neighborhood Stabilization Task Force).  Rebuilding neighborhoods.  Last year saw some of the final milestones of the Neighborhood Stabilization Program, and the nonprofit sector in particular is seeking to build on the capabilities created through NSP and the lessons learned. Look for new partnerships between nonprofits and for-profits, particularly in the growing single-family rental sector. Also possible are regulatory changes in FHA's 203(k) program that could help finance acquisition...
    Click Here to Read the Full Article

    Source: National Housing Conference
  • 11:14 AM » FHFA Recovers Nearly $8 Billion for Taxpayers in 2013 Through Settlements
    Published Thu, Jan 02 2014 11:14 AM by FHFA
    January 2, 2014: FHFA Recovers Nearly $8 Billion for Taxpayers in 2013 Through Settlements
  • 9:45 AM » U.S. manufacturing growth hits 11-month high in December: Markit
    Published Thu, Jan 02 2014 9:45 AM by Reuters
    NEW YORK (Reuters) - U.S. manufacturing ended the year on a high note, growing in December at its fastest pace in 11 months, while the rate of job growth was the swiftest since March, an industry report showed on Thursday.
  • 8:51 AM » Buy-and-rent investors get squeezed
    Published Thu, Jan 02 2014 8:51 AM by CNN
    It's getting harder to make a bundle buying up foreclosures and renting them out.
  • 8:51 AM » U.S. jobless claims fall for second straight week
    Published Thu, Jan 02 2014 8:51 AM by Reuters
    WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell for a second week last week, suggesting labor market conditions continue to steadily improve.
  • 8:50 AM » Homebuyers Missing Housing Rebound Depend on Yellen: Mortgages - Bloomberg
    Published Thu, Jan 02 2014 8:50 AM by Bloomberg
    Homebuyers Missing Housing Rebound Depend on Yellen: Mortgages Bloomberg Janet Yellen, who takes over as chairman of the Federal Reserve if the Senate confirms... Read More. Janet Yellen, who takes over as chairman of the Federal Reserve if the Senate confirms her in a vote scheduled for next week, will hold significant sway  ...
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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.38%
  • |
  • 15 Yr FRM 3.42%
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  • Jumbo 30 Year Fixed 4.15%
MBS Prices:
  • 30YR FNMA 4.5 106-30 (-0-03)
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  • 30YR FNMA 5.0 109-07 (-0-01)
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  • 30YR FNMA 5.5 110-14 (0-00)
Recent Housing Data:
  • Mortgage Apps 4.30%
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  • Refinance Index 6.92%
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  • FHFA Home Price Index 0.67%