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  • Tue, Jan 21 2014
  • 9:14 PM » Denver vs. Seattle: A Super Bowl City Showdown
    Published Tue, Jan 21 2014 9:14 PM by
    The Denver Broncos and Seattle Seahawks are headed to the Super Bowl! To get an understanding of what it's like to live in each city, Redfin crunched the numbers to see how alike in dignity (and real estate) these two foes really are. We also looked at homes for sale in each city that the quarterbacks, rookies, and super fans could afford. Read More The post Denver vs. Seattle: A Super Bowl City Showdown appeared first on Redfin Real Estate Blog .
    Click Here to Read the Full Article

  • 9:02 PM » Analysis: Fannie, Freddie profits give little reason to shut them down
    Published Tue, Jan 21 2014 9:02 PM by Reuters
    WASHINGTON (Reuters) – A drive to enact legislation to dismantle Fannie Mae (FNMA.OB: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FMCC.OB: Quote, Profile, Research, Stock Buzz) has stalled after the government-run companies chalked up a string of quarterly profits and groups banking on their survival rallied to their cause. President Barack Obama and lawmakers [...]
  • 4:15 PM » New Generation Homeowners
    Published Tue, Jan 21 2014 4:15 PM by The Big Picture
    Click Here to Read the Full Article

    Source: The Big Picture
  • 4:14 PM » New Rules Could Change Your Jumbo Mortgage Options
    Published Tue, Jan 21 2014 4:14 PM by The Huffington Post
    Jumbo loans - high dollar loans typically starting at $417,000 in most areas or as high as $625,501 in higher-cost markets - will see a lot of changes in 2014. Read more: Home Buyers , Mortgages , Dodd-Frank , Lending , Consumer Financial Protection Bureau , Loans , Real Estate , Home Loans , Borrowing , Money News
    Click Here to Read the Full Article

    Source: The Huffington Post
  • 2:18 PM » 4Q13 California Home Foreclosures Press Release
    Published Tue, Jan 21 2014 2:18 PM by DataQuick
    California Foreclosure Starts Dip to Eight-Year Low January 21, 2014 La Jolla, CA.--The number of California homeowners pulled into the formal foreclosure process dropped to an eight-year low last quarter, the result of an improving economy, foreclosure prevention efforts and higher home prices, a real estate information service reported. A total of 18,120 Notices of Default (NoDs) were recorded by lenders and their servicers on California owners of houses and condos during the October-through-December period. That was down 10.8 percent from 20,314 for the prior quarter, and down 52.6 percent from 38,212 in fourth-quarter 2012. Last quarter's tally was the lowest since 15,337 NoDs were recorded during fourth-quarter 2005. NoDs peaked in first-quarter 2009 at 135,431. DataQuick's NoD statistics go back to 1992. "Some of this decline in foreclosure starts stems from the use of various foreclosure prevention efforts - short sales, loan modifications and the ability of some underwater homeowners to refinance. But most of the drop is because of the improving economy and the increase in home values. Fewer people are behind on their mortgage payments. And of those who do get into trouble, many, if not most, can sell and pay off what they owe. Also, those who are underwater and close to slipping into foreclosure are far less likely to give up their homes now that appreciation has returned to the housing market. There's a strong incentive to hang on," said John Walsh, DataQuick president. The median price paid for a California home was $364,000 in the fourth quarter, up 22.1 percent from $298,000 a year earlier. The median has risen more than 20 percent on a year-over-year basis for the last five quarters. It peaked in second-quarter 2007 at $485,500 and hit bottom at $235,000 in second-quarter 2009, DataQuick reported. Continuing a years-long trend, mortgage defaults remained far more concentrated in the state's most affordable neighborhoods. Zip codes...
  • 2:18 PM » Baby Boomers Put More Money Than Trust in Banks
    Published Tue, Jan 21 2014 2:18 PM by
    Baby boomers make up the largest share of banking customers in the U.S., but those with active bank accounts are the least likely of any generation to trust banks "a great deal," and they are least satisfied with the industry overall.
    Click Here to Read the Full Article

  • 2:15 PM » Federal Offices Close, Energy Prices Surge Amid U.S. Snow - Bloomberg
    Published Tue, Jan 21 2014 2:15 PM by Bloomberg
    Federal Offices Close, Energy Prices Surge Amid U.S. Snow Bloomberg Federal offices closed in Washington, New York's mayor urged people to stay off the streets, thousands of flights were grounded and energy prices surged as a winter storm intensified off the East Coast. New York City will get 8 to 12 inches (20 to 30  ... and more »
  • 1:38 PM » Should Mortgage Giants Pursue Borrowers Who Walked Away?
    Published Tue, Jan 21 2014 1:38 PM by
    If any company captures the zeitgeist of the housing collapse, it might be Started in 2007, the California-based firm helps underwater homeowners - those whose houses are worth less than what they owe on their mortgage - decide whether they should stop paying on their loans. If borrowers choose to default, the company's advisors then walk them through the foreclosure process. Co-founder Jon Maddux says that when the firm launched in 2007, real estate professionals told him it might last two or three years. But the steady stream of clients kept coming, and Maddux says he's shocked the company is still in business.
    Click Here to Read the Full Article

  • 11:51 AM » Home Price Conditions interactive maps and charts updated as of November 2013
    Published Tue, Jan 21 2014 11:51 AM by NY Fed
    Home Price Conditions interactive maps and charts updated as of November 2013
  • 10:07 AM » An inside story of the CFPB
    Published Tue, Jan 21 2014 10:07 AM by
    Barbara S. Mishkin A recent Washington Post article entitled “A watchdog grows up: The inside story of the Consumer Financial Protection Bureau” makes for entertaining reading for anyone interested in learning more about the CFPB’s history. Here are some highlights: The CFPB’s early days were marked by clashes over the CFPB’s mission. One camp, that included many who... More >
    Click Here to Read the Full Article

  • 10:07 AM » IMF warns of deflation risk
    Published Tue, Jan 21 2014 10:07 AM by CNN
    The International Monetary Fund is warning that dangerously low inflation could put the global economic recovery at risk in 2014.
  • 9:46 AM » IMF sees complex capital flows from Fed taper
    Published Tue, Jan 21 2014 9:46 AM by Market Watch
    WASHINGTON (MarketWatch) - There will be "complex capital movements across countries for some time to come" as the Federal Reserve continues to taper its bond purchases this year, said Olivier Blanchard, the chief economist of the International Monetary Fund, on Tuesday. The challenge for the Fed will be to normalize monetary policy as the recovery takes hold, Blanchard said in remarks prepared for a press conference updating the IMF's economic outlook. Only some of this expected normalization has already been priced in both long rates and exchange rates, he said. Emerging-market economies with "weak macro frameworks" may be the most affected, he said. When the Fed hinted at a taper last spring, many emerging-market economies saw their currencies, bonds and stocks fall as global investors pulled back. The Fed must be clear in its communication, Blanchard said. He said he expects the Fed to start to raise its short-term interest-rate target in 2015. In its updated forecast, the IMF said that global growth will improve to a 3.7% rate in 2014 from 3% in 2013 and then rise to 3.9% in 2015. There is a risk of deflation in the euro zone, Blanchard said.
  • 8:58 AM » In U.S., Economic Confidence Ticks Down
    Published Tue, Jan 21 2014 8:58 AM by
    Americans' confidence in the economy fell slightly in the past two weeks after a gradual rise that began in mid-October 2013. Americans' economic outlook has soured more over the last two weeks than their perceptions of current conditions.
    Click Here to Read the Full Article

  • 8:57 AM » Home-equity loans are back, pitfalls included
    Published Tue, Jan 21 2014 8:57 AM by Market Watch
    Home-equity lending is on the rise as housing values increase. But these loans are still relatively difficult to obtain-and getting one isn't always the wisest choice.
  • 8:57 AM » Many consumers don't know why they're denied credit
    Published Tue, Jan 21 2014 8:57 AM by CNN
    Even though lenders are required to send applicants a letter explaining why they were denied a loan or other line of credit, many people still don't understand why it happened.
  • 8:55 AM » In luxe real estate, it's now views, views, views!
    Published Tue, Jan 21 2014 8:55 AM by CNBC
    If you're like most wealthy male clients, it's all about that WOW factor; and nothing says WOW more than spectacular views, says Dolly Lenz.
  • 8:54 AM » Next Cut in Fed Bond Buys Looms - Wall Street Journal
    Published Tue, Jan 21 2014 8:54 AM by
    Next Cut in Fed Bond Buys Looms Wall Street Journal The Federal Reserve is on track to trim its bond-buying program for the second time in six weeks as a lackluster December jobs report failed to diminish the central bank's expectations for solid U.S. economic growth this year, according to interviews ... and more »
    Click Here to Read the Full Article

  • 8:30 AM » 'Severely unaffordable' housing markets of 2014
    Published Tue, Jan 21 2014 8:30 AM by CNBC
    Hong Kong is one of the most unaffordable city to buy a property, according to the Demographia International Housing Affordability Survey.
  • 8:30 AM » Futures higher after two-day drop; earnings eyed
    Published Tue, Jan 21 2014 8:30 AM by Reuters
    NEW YORK (Reuters) - U.S. stock index futures rose on Tuesday, putting the S&P on track to snap a two-day losing streak as investors turned their focus to corporate earnings reports.
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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.77%
  • |
  • 15 Yr FRM 4.21%
  • |
  • Jumbo 30 Year Fixed 4.80%
MBS Prices:
  • 30YR FNMA 4.5 103-20 (0-00)
  • |
  • 30YR FNMA 5.0 105-17 (-0-00)
  • |
  • 30YR FNMA 5.5 107-10 (0-00)
Recent Housing Data:
  • Mortgage Apps -1.15%
  • |
  • Refinance Index -2.64%
  • |
  • Purchase Index 5.06%