Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
# of Questions
Select a Date
Use the calendar to view news headlines from a specific date.
Today  |  Yesterday  |  Random
Bottom Right Default
State Name: New Jersey
State Name underscore: New_Jersey
State Name dash: New-Jersey
State Name lower underscore: new_jersey
State Name lower dash: new-jersey
State Name lower: new jersey
State Abbreviation: NJ
State Abbreviation Lower: nj
Suggest a Story
Paste the URL of the story below to submit for editorial review and possible inclusion in ATW.
Please add 5 and 4 and type the answer here:
Leave this field blank.
What is Around the Web?
It is a continuously updated stream of news from around the web
Visit throughout the day for the latest breaking news.
» Click any link below to read more.
  • Fri, Mar 14 2014
  • 3:55 PM » Did the CFPB Run a Stop Sign?
    Published Fri, Mar 14 2014 3:55 PM by
    John L. Culhane, Jr. As we previously reported, last Friday House Financial Services Committee Chairman Jeb Hensarling (R-TX) sent a letter to CFPB Director Richard Cordray asking for a response by March 13 to specific questions about the methodology and analyses employed by the CFPB in determining whether dealer finance charge participations violate the Equal Credit Opportunity Act and... More >
    Click Here to Read the Full Article

  • 3:54 PM » Overseas Treasury Holdings at Fed Post Record Drop
    Published Fri, Mar 14 2014 3:54 PM by WSJ
    U.S. government bonds held at the Fed for foreign central banks and other overseas investors plunged by a record $104.5 billion in the latest week, a drop that rattled some investors and sparked speculation about who might be doing the selling.
  • 2:26 PM » Unlock the smart home: Start-up eyes keyless doors
    Published Fri, Mar 14 2014 2:26 PM by CNBC
    Find out how one Bay Area start-up wants to shake up the growing market for smart home accessories.
  • 2:25 PM » Degrees Make the Loan
    Published Fri, Mar 14 2014 2:25 PM by WSJ
    Banks are looking to expand their programs aimed at helping doctors, lawyers and others in well-paid professions qualify for large mortgages
  • 2:23 PM » Fed's Fisher says U.S. housing on 'sustainable rebound'
    Published Fri, Mar 14 2014 2:23 PM by Reuters
    (Reuters) - The U.S. housing sector, whose rise and subsequent crash has made the recovery from the last recession the slowest in decades, now appears to be on a "sustainable rebound," a top Federal Reserve official said.
  • 2:23 PM » California Sued Over Diversion of Money From National Mortgage Settlement
    Published Fri, Mar 14 2014 2:23 PM by
    Three nonprofit groups want Gov. Jerry Brown to return $369 million used to pay down state debt, rather than help struggling homeowners.        
    Click Here to Read the Full Article

  • 2:22 PM » Efforts to kill Fannie-Freddie may already be dead
    Published Fri, Mar 14 2014 2:22 PM by CNBC
    The chances that the full Congress would pass significant housing reform this midterm election year are fairly slim, POLITICO's Ben White says.
  • 12:49 PM » Kerry: Putin says no Crimea decision until after referendum
    Published Fri, Mar 14 2014 12:49 PM by CNBC
    U.S. Secretary of State John Kerry on Friday said Russia's President Vladimir Putin won't make decisions on Crimea until after this weekend's referendum, following a "constructive dialogue" with Russian Foreign Minister Sergei Lavrov.
  • 11:17 AM » Hedge funds still hope for big Fannie-Freddie win
    Published Fri, Mar 14 2014 11:17 AM by CNBC
    Hedge fund managers aren't concerned about the sharp price drops of Fannie Mae and Freddie Mac stock this week while waiting for a bigger payday.
  • 10:59 AM » U.S. consumer sentiment edges lower in March
    Published Fri, Mar 14 2014 10:59 AM by Reuters
    NEW YORK (Reuters) - Consumer sentiment dipped modestly in early March, entirely due to reduced expectations for the future, a survey said on Friday.
  • 10:59 AM » The Fed: Kroszner on why and how the Fed will change guidance
    Published Fri, Mar 14 2014 10:59 AM by Market Watch
    A former Federal Reserve official, Randall Krosner, says the Fed should change forward guidance at meeting next week and that they can do it without upsetting markets.
  • 10:56 AM » Secondary Sources: Bond Bubble, Middle Class and Taxes, Ukraine
    Published Fri, Mar 14 2014 10:56 AM by WSJ
    A roundup of economic news from around the Web.
  • 10:55 AM » Obama To Sign Relief From Flood Insurance Hikes
    Published Fri, Mar 14 2014 10:55 AM by The Huffington Post
    By ANDREW TAYLOR, THE ASSOCIATED PRESS WASHINGTON (AP) - President Barack Obama is set to sign into law a bipartisan bill relieving homeowners living in flood-prone neighborhoods from big increases in their insurance bills. The legislation, which cleared Congress on Thursday, reverses much of a 2012 overhaul of the government's much-criticized flood insurance program after angry homeowners facing sharp premium hikes protested. The Senate's 72-22 vote sent the House-drafted measure to Obama. White House officials said he'll sign it. The bill would scale back big flood insurance premium increases faced by hundreds of thousands of homeowners. The measure also would allow below-market insurance rates to be passed on to people buying homes in flood zones with taxpayer-subsidized policies. Critics say Washington is caving in to political pressure to undo one of the few recent overhauls it has managed to pass. "While politically expedient today, this abdication of responsibility by Congress is going to come back and bite them and taxpayers when the next disaster strikes," said Steve Ellis, vice president of Taxpayers for Common Sense, a Washington-based watchdog group. "Everyone knows this program is not fiscally sound or even viable in the near term." The hard-fought 2012 rewrite of the federal flood insurance program was aimed at weaning hundreds of thousands of homeowners off of subsidized rates and required extensive updating of the flood maps used to set premiums. But its implementation stirred anxiety among many homeowners along the Atlantic and Gulf coasts and in flood plains, many of whom are threatened with unaffordable rate increases. Their properties originally were built to code but subsequently were found to be at greater flood risk. Such "grandfathered" homeowners currently benefit from below-market rates that are subsidized by other policyholders, and the new legislation would preserve that status and cap premium increases...
    Click Here to Read the Full Article

    Source: The Huffington Post
  • 9:54 AM » Bond Report: Treasurys gain as Crimea vote looms
    Published Fri, Mar 14 2014 9:54 AM by Market Watch
    Treasury prices advance Friday, putting them on pace for their fifth straight day of gains, as Ukraine worries continue to boost safety plays and data on wholesale prices showed an unexpected decline.
  • 9:54 AM » Grand Central: Sizing Up Fischer's First Day Wearing a Fed Hat
    Published Fri, Mar 14 2014 9:54 AM by WSJ
    The Wall Street Journal's Daily Report on Global Central Banks for Friday, March 14 Sign up for the newsletter: . "The strengthening of the effective euro exchange over the past one-and-a-half years has certainly had a significant impact on our low rate of inflation and, given current levels of inflation, is therefore becoming increasingly relevant in our assessment of price stability."- ECB President Mario Draghi in Vienna HILSENRATH'S TAKES Hilsenrath's Take One: Sizing Up Fischer's First Day Wearing a Fed Hat Stanley Fischer might have unnerved some investors in testimony Thursday when he suggested the Fed had started an exit from its easy money policies. But don't make too much of it. Mr. Fischer, the former Bank of Israel governor and White House nominee to become the Fed's next vice chairman, was asked during a Senate Banking Committee confirmation hearing whether the Fed's exit from its "current monetary stimulus" would disrupt the economy. His response: "I think the exit is beginning-has begun. The extent of the purchases of the Fed, the monthly amount that is being purchased, is being reduced and conditions for the continuation of that have been described." The response could be read narrowly: The Fed is winding down its bond purchases. That is pretty much a statement of fact. Or it could be read broadly: With the winding down of these purchases, it has begun to pull back its support for the economy. The latter point would be a stretch.
  • 9:38 AM » US stocks decline at the start amid uncertainty over Ukraine
    Published Fri, Mar 14 2014 9:38 AM by CNBC
    U.S. stocks opened lower on Friday, after the market's worst session since early February, as concern about Ukraine escalated.
  • 8:49 AM » Insane interest: Sky-high rates of days gone by
    Published Fri, Mar 14 2014 8:49 AM by CNBC
    With interest rates apparently set to rise, CNBC takes a look at sample record-high benchmark rates from around the world over the past century.
  • 12:38 AM » Congressional Passage of Flood Insurance Bill a Boost for Housing
    Published Fri, Mar 14 2014 12:38 AM by NAHB
    Press Release
  • 12:36 AM » Blackstone's Home Buying Binge Ends as Prices Surge: Mortgages - Bloomberg
    Published Fri, Mar 14 2014 12:36 AM by Bloomberg
    Blackstone's Home Buying Binge Ends as Prices Surge: Mortgages Bloomberg Blackstone Group LP is slowing its purchases of houses to rent amid soaring prices after a buying binge made it the biggest U.S. single-family home landlord. Blackstone's acquisition pace has declined 70 percent from its peak last year, when the private  ...
  • 12:36 AM » Bank of America back in court over $2.1 billion fraud penalties
    Published Fri, Mar 14 2014 12:36 AM by Reuters
    NEW YORK (Reuters) - A U.S. judge wrestled on Thursday with a U.S. Justice Department request that Bank of America Corp pay $2.1 billion in penalties after being found liable for fraud over defective mortgages sold by its Countrywide unit.
  • 12:35 AM » February California Home Sale Press Release
    Published Fri, Mar 14 2014 12:35 AM by DataQuick
    California February Home Sales March 13, 2014 An estimated 25,680 new and resale houses and condos sold statewide last month. That was down 0.6 percent from 25,832 in January, and down 10.6 percent from 28,719 sales in February 2013, according to San Diego-based DataQuick. February sales have varied from a low of 20,513 in 2008 to a high of 48,409 in 2004. Last month's sales were 18.9 percent below the average of 31,660 sales for all the months of February 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 rose to $355,000, up 0.6 percent from $353,000 in January and up 22.8 percent from $289,000 in February 2013. February marks the 24th consecutive month in which the state's median sale price has risen year-over-year, and the 15th straight month with a gain exceeding 20 percent. In March/April/May 2007 the state's median peaked at $484,000. The post-peak trough was $221,000 in April 2009. Of the existing homes sold last month, 8.2 percent were properties that had been foreclosed on during the past year. That was up from 7.7 percent in January and down from 17.9 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 9.6 percent of the homes that resold last month. That was down from an estimated 10.9 percent the month before and 22.4 percent a year earlier. The typical monthly mortgage payment that California buyers committed themselves to paying last month was $1,405, down from $1,423 the month before and up from $1,053 a year earlier. Adjusted for inflation, last month's payment was 39.3 percent below the typical payment in spring 1989, the peak of the prior real estate cycle. It was 50.8 percent below the current cycle's peak in June 2006. It was 52...
Did you know?
You can see a list of all comments on MND by clicking the 'Read the Latest Comments' option under the 'Community' menu.

More From MND

Mortgage Rates:
  • 30 Yr FRM 4.70%
  • |
  • 15 Yr FRM 4.15%
  • |
  • Jumbo 30 Year Fixed 4.73%
MBS Prices:
  • 30YR FNMA 4.5 103-32 (0-01)
  • |
  • 30YR FNMA 5.0 105-24 (0-01)
  • |
  • 30YR FNMA 5.5 106-27 (-0-10)
Recent Housing Data:
  • Mortgage Apps -2.60%
  • |
  • Refinance Index -3.69%
  • |
  • Purchase Index -1.98%