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  • Tue, Feb 4 2014
  • 11:00 PM » Lenders See Write-Off While ‘Underwater' Homeowners Face Stiff Taxes
    Published Tue, Feb 04 2014 11:00 PM by www.nytimes.com
    JPMorgan can write off $1.5 billion in debt relief, while it will be treated as taxable income for the owners, resulting in whopping tax bills for many families.        
    Click Here to Read the Full Article

    Source: www.nytimes.com
  • 10:59 PM » Morgan Stanley to pay $1.25 billion to resolve mortgage lawsuit
    Published Tue, Feb 04 2014 10:59 PM by Reuters
    (Reuters) - Morgan Stanley said it would pay $1.25 billion to the U.S. regulator for Fannie Mae and Freddie Mac to settle a lawsuit related to the sale of mortgage-backed securities.
  • 10:58 PM » Strong Single-Family Growth will Fuel Housing in 2014
    Published Tue, Feb 04 2014 10:58 PM by NAHB
    Press Release
  • 10:57 PM » Good time to buy bonds? 'Absolutely not'
    Published Tue, Feb 04 2014 10:57 PM by CNBC
    U.S. Treasurys have benefited from the recent turmoil in global equity markets. Does that make bonds a buy at current levels? No, says one analyst.
  • 10:56 PM » Traders watch data to see if weakness a 'blip'
    Published Tue, Feb 04 2014 10:56 PM by CNBC
    ADP's private sector jobs report and data on services sector activity could set the direction for stocks Wednesday.
  • 10:55 PM » JPMorgan Chase to Pay $614 Million for Submitting False Claims for FHA-insured and VA-guaranteed Mortgage Loans
    Published Tue, Feb 04 2014 10:55 PM by www.justice.gov
    The Department of Justice today announced that JPMorgan Chase (JPMC) will pay $614 million for violating the False Claims Act by knowingly originating and underwriting non-compliant mortgage loans submitted for insurance coverage and guarantees by the Department of Housing and Urban Development's (HUD) Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA).
    Click Here to Read the Full Article

    Source: www.justice.gov
  • 4:31 PM » Homes Listed for Sale Jumped in These Six Markets
    Published Tue, Feb 04 2014 4:31 PM by WSJ
    Click for more data by metro Inventories are rising in a handful of housing markets that have seen large price increases and intense demand from investors over the past year. The number of homes listed for sale in December rose by nearly a third from a year earlier in Orlando, Fla. , to the highest level in more than a year, according to a report from Realtor.com. Other cities that posted large year-over-year gains:
  • 4:30 PM » Winter Chill to Shift From U.S. Jobs to Retail Sales, BofA Says - Bloomberg
    Published Tue, Feb 04 2014 4:30 PM by Bloomberg
    Winter Chill to Shift From U.S. Jobs to Retail Sales, BofA Says Bloomberg Extreme winter weather probably weakened its grip on the U.S. labor market in January only to send retail sales into a deep freeze, according to Bank of America Corp.'s David Woo. The correlation between deviations from average monthly temperatures and  ...
  • 4:00 PM » Farm bill on the verge of passage
    Published Tue, Feb 04 2014 4:00 PM by CNBC
    The US Senate gave final congressional approval on Tuesday to a nearly $1 trillion farm bill that trims food stamps for the poor.
  • 3:30 PM » Fed's Evans: Fed won't raise rates soon
    Published Tue, Feb 04 2014 3:30 PM by CNBC
    Chicago Fed's Evans says low inflation and high unemployment will likely keep the short-term rate low into 2015.
  • 3:14 PM » A new safer subprime?
    Published Tue, Feb 04 2014 3:14 PM by www.aei.org
    A new "safer" subprime loan product would have an expected 25%-30% default rate under a 2007 economic stress event. No one would consider this very safe.
  • 1:29 PM » The Technical Indicator: Volatility Index raises caution flag for market bears
    Published Tue, Feb 04 2014 1:29 PM by Market Watch
    Have U.S. stocks fallen too far, too fast? The Dow Jones Industrial Average has plunged as much as 1,216 points, or 7.3%, to start 2014, and the question is whether this is "enough" to reset the technicals for the next leg higher.
  • 12:05 PM » Vital Signs: That Wasn't Supposed to Happen
    Published Tue, Feb 04 2014 12:05 PM by WSJ
    The yield on the 10-year Treasury tumbled to its lowest level since November on Monday, and is down 0.4 percentage points this year. That wasn't supposed to happen.
  • 12:02 PM » Borrowers Who Refinanced in 2013 Saving Over $21 Billion in Interest Payments Over the Coming Year
    Published Tue, Feb 04 2014 12:02 PM by freddiemac.mwnewsroom.com
    Borrowers Who Refinanced in 2013 Saving Over $21 Billion in Interest Payments Over the Coming Year
    Click Here to Read the Full Article

    Source: freddiemac.mwnewsroom.com
  • 12:02 PM » Moving Housing Forward
    Published Tue, Feb 04 2014 12:02 PM by National Housing Conference
    All the policy, research and communications resources to look for from NHC this year by Chris Estes, National Housing Conference One of the goals of the National Housing Conference is to elevate affordable housing on the national agenda. Like many housing advocates, I once lamented the low priority the public seems to place on housing relative to other issues. But instead of just throwing in the towel, the housing community at the national and state levels has addressed this issue by working to implement sophisticated, proven messaging techniques and to tie the need for affordable housing to other issues of importance to communities. NHC's Housing Communications HUB is one of our contributions to this effort. The HUB is a free online resource for those who want to communicate more effectively about affordable housing to learn and share communications strategies that work. After several months in beta, the HUB is now in final format, with new features and content. I hope you'll visit , join, and contribute to the discussion. NHC works to show the connection between housing and other issues on the policy side as well. This month I will be in Denver to host a convening in collaboration with Enterprise, the UC Berkley Center for Cities and Schools, and Reconnecting America. The event focuses on the intersection of housing, transportation and education and will touch on the issues of neighborhood development, gentrification, displacement and access to opportunity. As many of you know, NHC's Center for Housing Policy has a long history of looking at the housing and transportation intersection and I am excited that we are expanding this lens to education and local school quality. I will be co-leading the policy implications discussion at the end of the day, which is something NHC is eager to work on going forward. The point of improving how we communicate is, of course, to move housing policy forward.  This week, I'm in Seattle to speak to the leaders...
    Click Here to Read the Full Article

    Source: National Housing Conference
  • 10:42 AM » U.S. Economic Confidence Continued to Improve in January
    Published Tue, Feb 04 2014 10:42 AM by www.gallup.com
    Gallup's Economic Confidence Index improved to -16 for January, up slightly from -19 in December. Though the Dow's January performance and the December jobs report shook confidence, it continues to improve from its October drop.
    Click Here to Read the Full Article

    Source: www.gallup.com
  • 10:42 AM » Home Sellers Get Confidence Boost in First Quarter
    Published Tue, Feb 04 2014 10:42 AM by blog.redfin.com
    The number of respondents who believe now is a good time to sell rose four percentage points, suggesting that home sellers are feeling slightly more confident in the market. Read More The post Home Sellers Get Confidence Boost in First Quarter appeared first on Redfin Real Estate Blog .
    Click Here to Read the Full Article

    Source: blog.redfin.com
  • 10:37 AM » Deficit continues to drop sharply - CBO
    Published Tue, Feb 04 2014 10:37 AM by CNN
    The age of trillion-dollar deficits is well over. For now.
  • 10:37 AM » Why Subprime Mortgages Are Back
    Published Tue, Feb 04 2014 10:37 AM by www.ourbroker.com
    Subprime mortgages - once the bad boys of real estate lending - are coming back. Figures from the Federal Reserve Bank of St. Louis show that between 2007 and the start of 2013 subprime mortgages fell off the radar for most banks but now they have begun to make a significant comeback. What happened to […] The post Why Subprime Mortgages Are Back appeared first on OurBroker .
    Click Here to Read the Full Article

    Source: www.ourbroker.com
  • 10:36 AM » Factory orders fall due to drop in transportation
    Published Tue, Feb 04 2014 10:36 AM by Reuters
    WASHINGTON (Reuters) - New orders for U.S. factory goods fell in December, but rose for a third straight month when the volatile transportation sector was excluded, which could ease concerns of an abrupt slowdown in manufacturing activity.
  • 10:35 AM » Freddie Mac Announces Second Multifamily Securities Offering This Year, K-036
    Published Tue, Feb 04 2014 10:35 AM by freddiemac.mwnewsroom.com
    Freddie Mac Announces Second Multifamily Securities Offering This Year, K-036
    Click Here to Read the Full Article

    Source: freddiemac.mwnewsroom.com
  • 10:34 AM » Taper effect: Here comes a bigger correction
    Published Tue, Feb 04 2014 10:34 AM by CNBC
    Fed stimulus made Wall Street happy but now what? Here comes a bigger correction, says Murray T. Holland of investment bank MHT MidSpan.
  • 10:33 AM » Navigating Between Extremes in Housing Finance Reform
    Published Tue, Feb 04 2014 10:33 AM by National Housing Conference
    What we're building By Ethan Handelman, National Housing Conference  We are seeing renewed legislative interest in reforming America's housing finance system, interest that is long overdue. That interest attracts perspectives from all over the map, from pure privatization to a focus on the past GSE goals regime. We know change is coming, so NHC is working hard to offer a nonpartisan approach that moves housing finance reform forward in a way that harnesses the energy of private enterprise to serve the full range of housing need in America. The status quo in housing finance is neither static nor sustainable . Access to home mortgages is still extremely limited for those who do not have much accumulated wealth or pristine credit. Rents continue to rise while capital remains a constraint on new multifamily production. Years of action by the Federal Housing Finance Agency (now under new leadership with potential to change direction) has already begun scaling back the government's involvement in housing finance without creating channels that draw private capital in. We need to move forward with reform . The House Financial Services Committee has marked one outer boundary with its so-called PATH Act. It focused exclusively on private securitization and would have left housing markets vulnerable to the ups and downs of capital markets without any countercyclical backstop. Thus far, the bill hasn't made it to the House floor, likely because too many legislators on both sides of the aisle know it simply wouldn't work . An entirely different perspective comes from the National Community Reinvestment Coalition (NCRC). They have rightly championed the needs of low-income households and communities of color, both of which were hit hard by the housing crash and have been largely left behind in the recovery. But a recent NCRC policy paper gave pride of place to preserving the old affordable housing goals regime (and by implication, possibly Fannie Mae and...
    Click Here to Read the Full Article

    Source: National Housing Conference
  • 9:21 AM » Grand Central: Falling U.S. Rates Signal Worsening Sentiment
    Published Tue, Feb 04 2014 9:21 AM by WSJ
    The Wall Street Journal's Daily Report on Global Central Banks for Tuesday, Feb. 4 HIGHLIGHTS Yellen Takes The Oath, Bernanke Joins Brookings; Fed's Fisher: Stock Drop Doesn't Change Policy Outlook; Australia's Central Bank Signals End to Rate Cuts; IMF's Lagarde Calls for Greater Central Bank Collaboration; U.S. Banks Eased Lending Standards in Late 2013; ECB Defends Stress Tests; ECB's Lautenschlaeger: Truly Single Resolution Fund Needed to Break Sovereign-Bank Nexus; G-20 Inflation Falls in December; Brazil's Central Bank Likely to Continue Raising Rates HILSENRATH'S TAKE Last summer, as U.S. stock prices and emerging markets wobbled, the Federal Reserve was at the center of the turmoil. This time, the Fed might be just a bystander in the stock market selloff and not the proximate cause. The evidence is in futures markets, where investors make bets on the likely path of short-term interest rates. Last summer, as the Fed considered pulling back on its bond-buying program, prices on fed funds and Eurodollar futures contracts fell, meaning investors started betting the Fed would start hiking short-term interest rates sooner than previously expected. The prospect of a tighter Fed, in other words, sent spasms through markets. nterest rates sooner than previously expected. The prospect of a tighter Fed, in other words, sent spasms through markets.
  • 9:20 AM » Your Home In 2030 Will Be Smarter Than You (PHOTOS)
    Published Tue, Feb 04 2014 9:20 AM by The Huffington Post
    We already know that the home of the future will connect your appliances to your phone and host a robotic butler that will transform entertainment forever, but the changes certainly don't stop there . Based on a report from the UK nonprofit Forum for the Future , which teamed up with a consumer insight firm and used a detailed historical analysis of consumer trends from the mid-1950s to the present to model the products we might be seeing down the road, our houses will look very different in less than 20 years. And while no ultrasonic dishwashers are included in this "window into future needs, opportunities, issues and markets," to say the gadgets they created are futuristic is quite the understatement. The Bathroom GP Bathroom fixtures that monitor your health while you do your business? That's exactly what this series of products is . During a routine trip, everything from your vital signs to potential illnesses gets screened and analyzed by Dr. Loo and Dr. Sink before Dr. Mirror displays it all for your viewing pleasure. The Waterless Washing Machine A waterless washing machine might sound almost as ridiculous as, say, a waterless dishwasher, but with increasing instances of droughts and tightening water regulations, they're definitely on to something here with their idea of a "100 percent clean, one percent water tariff" program. It's basically an exchange with water utilities where customers get their inefficient appliance replaced with an ultra-water efficient washing machine that they essentially lease. Consumers are credited the value of the old appliance upon exchanging and simply pay a fee that covers the machine, maintenance and repairs. The Mo. Mo. Molecule Scanner If you have a 3-D printer, then this invention will tell you if you can use it to re-create household items. Running low on paper towels? All you'll have to do is scan a roll and it will tell you what it's made from and whether or not you can whip some...
    Click Here to Read the Full Article

    Source: The Huffington Post
  • 9:18 AM » Fed's Lacker sees muted U.S. growth, less policy stimulus
    Published Tue, Feb 04 2014 9:18 AM by Reuters
    WINCHESTER, Virginia (Reuters) - A top U.S. central banker gave a relatively downbeat prediction of U.S. economic growth on Tuesday but nonetheless said he expects the Federal Reserve to continue cutting its monetary stimulus at upcoming policy meetings.
  • 8:28 AM » Futures tick up after biggest drop in months
    Published Tue, Feb 04 2014 8:28 AM by Reuters
    NEW YORK (Reuters) - U.S. stock index futures edged higher on Tuesday as the market looked to regain its footing following the largest selloff in months.
  • 8:27 AM » Chart of the Day: The slow pace of financial reform
    Published Tue, Feb 04 2014 8:27 AM by CNBC
    More than three years after Congress voted to overhaul financial regulations, only half the new rules are done. A quarter haven't even been proposed.
  • 8:27 AM » US bonds push lower ahead of manufacturing data
    Published Tue, Feb 04 2014 8:27 AM by CNBC
    U.S. bonds edged lower on Tuesday, ahead of the publication of more factory data.
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Mortgage Rates:
  • 30 Yr FRM 4.24%
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  • 15 Yr FRM 3.36%
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  • Jumbo 30 Year Fixed 4.08%
MBS Prices:
  • 30YR FNMA 4.5 107-20 (-0-10)
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  • 30YR FNMA 5.0 110-06 (-0-04)
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  • 30YR FNMA 5.5 110-25 (-0-02)
Recent Housing Data:
  • Mortgage Apps 2.43%
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  • Refinance Index 4.14%
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  • FHFA Home Price Index 0.67%