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  • Fri, Feb 14 2014
  • 3:58 PM » Zillow shares hit short-sale circuit breaker
    Published Fri, Feb 14 2014 3:58 PM by Market Watch
    WASHINGTON (MarketWatch) -- Shares of real estate site Zillow on Friday triggered a short-sale circuit breaker on the Nasdaq, and were recently off almost 10% at $81.22. The circuit breaker is designed to slow shorting -- or borrowing shares in a bet the stock will fall further --in an already falling stock. Elsewhere Friday, shares of real estate site Trulia were recently down almost 18% at $29.96 after the company reported a wider fourth-quarter loss.
  • 3:51 PM » Down 19%, Trulia preps for real estate 'arms race'
    Published Fri, Feb 14 2014 3:51 PM by CNBC
    Trulia CEO Pete Flint defended the online real estate company's decision to ramp up spending on online marketing during a CNBC appearance.
  • 1:42 PM » Fed's Fisher: What's best for U.S. is best for world
    Published Fri, Feb 14 2014 1:42 PM by Reuters
    (Reuters) - Dallas Federal Reserve Bank President Richard Fisher on Friday downplayed the turmoil in some emerging markets that greeted the U.S. central bank's move to reduce its massive stimulus program, saying the Fed's focus should stay on the United States.
  • 1:17 PM » Mortgage bailout expiring, rates going up
    Published Fri, Feb 14 2014 1:17 PM by CNBC
    The rate increases will soon affect thousands of people who participated in the federal Home Affordable Modification Program.
  • 10:52 AM » January California Home Sale Press Release
    Published Fri, Feb 14 2014 10:52 AM by DataQuick
    California January Home Sales February 13, 2014 An estimated 25,832 new and resale houses and condos sold statewide last month. That was down 26.1 percent from 34,949 in December, and down 10.5 percent from 28,871 sales in January 2013, according to San Diego-based DataQuick. January sales have varied from a low of 19,145 in 2008 to a high of 47,138 in 2004. Last month's sales were 17.7 percent below the average of 31,393 sales for all the months of January since 1988, when DataQuick's statistics begin. California sales haven't been above average for any particular month in more than seven years. The median price paid for a home in California last month was $353,000, down 3.3 percent from $365,000 in December and up 21.7 percent from $290,000 in January 2013. Last month was the 23nd consecutive month in which the state's median sale price rose year-over-year, and the 14th straight month with a gain exceeding 20 percent. In March/April/May 2007 the median peaked at $484,000. The post-peak trough was $221,000 in April 2009. Of the existing homes sold last month, 7.7 percent were properties that had been foreclosed on during the past year. That was up from a revised 6.9 percent in December and down from 19.0 percent a year earlier. Foreclosure resales peaked at 58.8 percent in February 2009. Short sales - transactions where the sale price fell short of what was owed on the property - made up an estimated 11.5 percent of the homes that resold last month. That was down from an estimated 13.1 percent the month before and down from 23.9 percent a year earlier. The typical monthly mortgage payment that California buyers committed themselves to paying last month was $1,419, down from $1,473 the month before and up from $1,030 a year earlier. Adjusted for inflation, last month's payment was 38.6 percent below the typical payment in spring 1989, the peak of the prior real estate cycle. It was 50.2 percent below the current cycle's peak in June 2006. It was...
  • 10:52 AM » Washington, D.C., Leads Nation in Payroll to Population
    Published Fri, Feb 14 2014 10:52 AM by www.gallup.com
    Washington, D.C., (55.7%) and North Dakota (52.2%) had the highest Payroll to Population rates in 2013. West Virginia and Mississippi had the lowest, at 36.1% and 37.1%, respectively.
    Click Here to Read the Full Article

    Source: www.gallup.com
  • 10:50 AM » Forecasters Predict Higher Growth, Lower Unemployment over the Next Three Years
    Published Fri, Feb 14 2014 10:50 AM by philadelphiafed.org
    February 14, 2014 - The outlook for growth in the U.S. economy over the next three years looks stronger than that of three months ago, according to Bank's first quarter Survey of Professional Forecasters. The 45 participants also report a brighter outlook for the unemployment rate. On the jobs front, they see little change in job growth in 2014.
    Click Here to Read the Full Article

    Source: philadelphiafed.org
  • 9:59 AM » This Is The Worst Winter For Flight Cancellations In The Last 25 Years
    Published Fri, Feb 14 2014 9:59 AM by The Huffington Post
    NEW YORK (AP) - The relentless snow and ice storms this winter have led to the highest number of flight cancellations in more than 25 years, according to an analysis by The Associated Press. U.S. airlines have canceled more than 75,000 domestic flights since Dec. 1, including roughly 14,000 this week. That's 5.5 percent of the 1.35 million flights scheduled during that period, according to AP calculations based on information provided by flight tracking site FlightAware. It's the highest total number and highest percent of cancellations since at least the winter of 1987-1988, when the Department of Transportation first started collecting cancellation data. Mother Nature isn't entirely to blame. A mix of cost-cutting measures and new government regulations has made airlines more likely to cancel flights and leave fliers scrambling to get to their destination. On Thursday, more than 70 percent of flights were canceled in Baltimore, Philadelphia, Washington D.C. and Charlotte, N.C. thanks to a winter storm that paralyzed most air traffic along the East Coast. Ice storms this winter have caused major headaches in typically warm cities like Atlanta, Dallas and Houston. "This year is off to a brutal start for airlines and travelers," says FlightAware CEO Daniel Baker. "Not only is each storm causing tens of thousands of cancellations, but there's been a lot of them." And February still has two weeks left. Making things worse, airlines have been cutting unprofitable flights and packing more passengers into planes. That's been great for their bottom line but has created a nightmare for passengers whose flights are canceled due to a storm. Other planes are too full to easily accommodate the stranded travelers. Many must wait days to secure a seat on another flight. Carol Cummings, 23, was trying to fly Thursday on United Airlines from the Washington D.C. area to Los Angeles to visit a high school friend for the long Presidents Day weekend...
    Click Here to Read the Full Article

    Source: The Huffington Post
  • 9:59 AM » Smart Hubs: A Brain for Your House
    Published Fri, Feb 14 2014 9:59 AM by WSJ
    Who hasn't dreamed of a house that takes order? Three controllers aim to allow users to program different devices so they talk to each other and to your phone.
  • 9:12 AM » Political, legal hopes buoy Fannie, Freddie rally
    Published Fri, Feb 14 2014 9:12 AM by Market Watch
    Once-flailing mortgage-finance giants Fannie Mae and Freddie Mac will report quarterly financial results in coming weeks, and even though investors will continue to be barred from reaping profits, shares of the mortgage buyers have rocketed in recent months.
  • 8:03 AM » Wells Fargo edges back into subprime home loans
    Published Fri, Feb 14 2014 8:03 AM by CNBC
    Wells Fargo, the largest U.S. mortgage lender, is tiptoeing back into subprime home loans again, looking for opportunities to stem its revenue decline.
  • 8:00 AM » 'Too big to fail' is worse now: Farr
    Published Fri, Feb 14 2014 8:00 AM by CNBC
    Regulators have addressed many issues but "too big to fail" has actually gotten worse, says Michael Farr.
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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.01%
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  • 15 Yr FRM 3.18%
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  • Jumbo 30 Year Fixed 3.90%
MBS Prices:
  • 30YR FNMA 4.5 108-10 (-0-02)
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  • 30YR FNMA 5.0 110-20 (0-00)
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  • 30YR FNMA 5.5 111-20 (0-02)
Recent Housing Data:
  • Mortgage Apps 11.56%
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  • Refinance Index 23.29%
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  • FHFA Home Price Index 0.67%