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  • Wed, Mar 5 2014
  • 9:03 PM » Fed's Fisher Worried About Creating Financial Imbalances
    Published Wed, Mar 05 2014 9:03 PM by WSJ
    Dallas Fed President Fisher warned the U.S. central bank's easy money policies may have created significant market imbalances, as he welcomed the Fed's move to cut back on the pace of its bond-buying stimulus effort.
  • 8:57 PM » BB&T Chief King Gets 8% Pay Cut as Lender Misses Targets - Bloomberg
    Published Wed, Mar 05 2014 8:57 PM by Bloomberg
    BB&T Chief King Gets 8% Pay Cut as Lender Misses Targets Bloomberg BB&T Corp. (BBT) Chief Executive Officer Kelly King had his pay cut 8.3 percent to $7.84 million for his work in 2013 after the bank missed profitability targets. King's package was reduced from $8.55 million for 2012 as his cash bonus slid 29 percent to $2  ...
  • 8:56 PM » With US data in the freezer, traders look overseas
    Published Wed, Mar 05 2014 8:56 PM by CNBC
    Equity investors have not been swayed by recent economic reports. Instead, they are awaiting more "genuine" news that is not clouded by the weather.
  • 4:56 PM » Great stagnation? Why Goldman Sachs thinks the next four decades will ‘show significantly faster household income growth'
    Published Wed, Mar 05 2014 4:56 PM by
    From 1947 through 1973, real median household income grew by 2.1% a year, but just 0.1% annually since. (These numbers come from a new Goldman Sachs research note, and for now let’s take them as is.) So will the future … read more >
    Click Here to Read the Full Article

  • 4:48 PM » MERS Wins Complete Dismissal of Texas Lawsuit Filed by Counties
    Published Wed, Mar 05 2014 4:48 PM by MERS
    FOR IMMEDIATE RELEASE CONTACT: Janis Smith Phone: 703-738-0230 Email: Reston, Virginia, March 5, 2014 -MERSCORP Holdings, Inc. today announced that the United States District Court for the Northern District of Texas, Dallas Division, yesterday granted MERSCORP Holdings, Inc. motion for summary judgment of the final remaining claim in a recording fee case filed by Dallas, Harris and Brazoria Counties, Texas. In Dallas County, Texas, et. al.; v. MERSCORP Inc., et. al. , the counties claimed that MERS created a private electronic mortgage registration system for tracking ownership interest and servicing rights associated with residential mortgages, ultimately depriving the Counties of recording fees and corrupting their real property records and that Texas Statute, section 192.007 requires all assignments of Deeds of Trust be recorded in the land records. United States District Judge Reed O'Conner in his opinion said, "This statute contains no remedy provision, and nothing stating or suggesting that a county or other litigant may seek relief under the statute." Judge Reed continued, "Alternatively, even were declaratory relief available to the Counties, based on recent case law, the Court concludes that Section 192.007 does not support the Counties' interpretation that the statute requires the recordation of interim instruments, such as assignments of deeds of trusts." "We have been confident since this case began that the lawsuit filed in Dallas County was without legal or factual merit," said MERSCORP Holdings Vice President for Corporate Communications, Janis Smith. "The MERS business practices are legal and comply with the recording statutes and regulations of Texas. Judge Reed's opinion mirrors rulings in numerous cases in Texas courts and countless cases across the country on the state and federal level." This decision joins the dismissals of lawsuits brought by county recorders in Minnesota ,...
  • 4:48 PM » Agencies Issue Final Dodd-Frank Act Stress Test Guidance for Medium-Sized Firms
    Published Wed, Mar 05 2014 4:48 PM by OCC
    Three federal bank regulatory agencies are issuing final guidance describing supervisory expectations for stress tests conducted by financial companies with total consolidated assets between $10 billion and $50 billion.
  • 3:28 PM » Yellen Says Economy Falling Short of Congress-Mandated Goals - Bloomberg
    Published Wed, Mar 05 2014 3:28 PM by Bloomberg
    Yellen Says Economy Falling Short of Congress-Mandated Goals Bloomberg Federal Reserve Chair Janet Yellen said the Fed has more to do to reach its goals for inflation and unemployment, and to repair damage from the financial crisis. "The goals set by Congress for the Federal Reserve are clear: maximum employment and stable  ... and more »
  • 2:32 PM » Fed: Severe weather impact seen throughout economy
    Published Wed, Mar 05 2014 2:32 PM by CNBC
    Fed: Severe weather impact seen throughout economy<br/>
  • 2:32 PM » Why a boost in pickup truck sales means the housing market is in for good news
    Published Wed, Mar 05 2014 2:32 PM by Washington Post
    If you want to take the temperature of the housing industry, the best place to go could be a car dealership. Yes, you read that right. There is a strong correlation between the real estate market and auto sales particularly when it comes to the most iconic American vehicle of all, the pickup truck. Read full article >>        
    Click Here to Read the Full Article

    Source: Washington Post
  • 1:51 PM » President's budget shows sequestration's constraints mean housing advocates must unite
    Published Wed, Mar 05 2014 1:51 PM by National Housing Conference
    by Liza Getsinger, National Housing Conference The unveiling of the President's FY 2015 budget request yesterday offered few surprises, in what have been several tough budget years for discretionary spending programs. The budget, which provides $46.7 billion for Department of Housing and Urban Development (HUD) programs, adheres to the FY 2015 spending levels agreed to in the Bipartisan Budget Act. Yesterday in his address to stakeholders, Secretary Donovan highlighted the devastating effects sequestration cuts have had on housing programs and the tremendous efforts of housing assistance providers to buffer tenants from harm whenever possible.  With roughly 84 percent of HUD's budget going to renew existing housing assistance, the increasingly constrained budget environment forces HUD and the administration to make tough calls with the remaining program funding. The FY 2015 HUD budget restores all vouchers lost because of sequestration cuts, but overall funding levels provide little flexibility for expansions in other areas. The proposed cuts for FY 2015 fell hardest on the HOME and CDBG programs, and HUD is looking for some programmatic changes in order to provide more predictable funding for Project-Based Rental Assistance contracts.  In this tough budget environment, is it hard to resist the temptation to advocate for individual pieces of the pie, but, like Sec. Donovan said yesterday, our voices are more effective when asking instead for a larger pie. This is why NHC, through the Campaign for Housing and Community Development Funding , is launching its 302(b) sign-on letter for FY 2015. The 302(b) allocation sets the THUD spending cap, and a higher cap means increased investments in essential housing and community development programs. We encourage you to add your organization to the letter, and to please share widely with your networks. The deadline to sign is March 12 . You can view a copy of the letter here , and sign on to the letter...
    Click Here to Read the Full Article

    Source: National Housing Conference
  • 12:33 PM » Study Finds Small Banks "Deeply Affected" by Dodd-Frank
    Published Wed, Mar 05 2014 12:33 PM by
    Tina Shin The Mercatus Center at George Mason University recently published the results of a study of the effects of Dodd-Frank on small banks, defined as banks with less than $10 billion in assets each. The anonymous, web-based survey relied on responses from about 200 banks and was conducted between July 2013 and September 2013. The study... More >
    Click Here to Read the Full Article

  • 12:24 PM » The priciest real estate? Hint: It's not New York
    Published Wed, Mar 05 2014 12:24 PM by CNBC
    A new report shows that on a per-square-foot basis, New York is half price compared to some other favorite cities of the rich.
  • 12:24 PM » Success in Real Estate and the ‘Latte factor'
    Published Wed, Mar 05 2014 12:24 PM by Realtor.Org
    If you buy yourself a latte every morning on the way to the office or when you head off to show a client a house, prepare to say goodbye to a good $1,000 a year in your hard-earned commission income. That’s about how much buying a latte every workday will run you. Would that money [...]
  • 11:20 AM » Nation's Sixth Largest MLS Signs Direct Data License with TRULIA
    Published Wed, Mar 05 2014 11:20 AM by
    Largest MLS in Arizona joins more than 60 MLSs partnering with Trulia
    Click Here to Read the Full Article

  • 11:18 AM » January Seattle Region Home Sales Press Release
    Published Wed, Mar 05 2014 11:18 AM by DataQuick
    Seattle Region January Home Sales Seattle-area home sales dropped slightly below a year earlier in January but were still the second-highest for that month in seven years as mid- to high-end transactions, condo resales and investors purchases remained relatively strong. The median price paid for a home fell from December, as it normally does, but remained more than 14 percent higher than a year ago, a real estate information service reported. A total of 3,072 new and resale houses and condos closed escrow during January in the Seattle-Tacoma-Bellevue metro area encompassing King, Snohomish and Pierce counties. Seattle-area sales fell 30.2 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. A sharp drop in sales between December and January is normal for the season. On average, sales between those two months have fallen 25.8 percent since 1994, when DataQuick's complete Seattle-area statistics begin. January home sales were 7.3 percent below the average for all months of January since 1994. Sales of existing (not new) single-family detached houses were 7.2 percent below the historical average for January, while condo resales were 30.0 percent above average and sales of newly built homes were 32.7 percent below the January average. The region's mid-priced and high-end housing markets posted small declines or increases in sales in January when compared with a year earlier, while sales of lower-cost homes declined. The number of sales in January below $200,000 dropped 27.9 percent year-over-year, while the number of sales between $200,000 and $500,000 was the same a year earlier. Sales of homes priced above $500,000 rose 34.8 percent year-over-year, while sales over $700,000 increased 52.1 percent. Buyers paid a median $303,000 for all new and resale houses and condos sold in the three-county Seattle area in January, which is the lowest...
  • 11:17 AM » Lew Calls for Steps to Help Spread Benefits of Economic Growth
    Published Wed, Mar 05 2014 11:17 AM by Bloomberg
    Lew Calls for Steps to Help Spread Benefits of Economic Growth Bloomberg Treasury Secretary Jacob J. Lew called for measures to ensure prosperity is shared more evenly as the U.S. economy accelerates this year and the job market strengthens. The economic expansion since the 2007-09 recession helped the U.S. narrow its fiscal  ...
  • 11:14 AM » Google invests in real estate site
    Published Wed, Mar 05 2014 11:14 AM by CNBC
    Seeing an opportunity in commercial real estate, Google invests $50 million in
  • 8:54 AM » US created 139,000 private-sector jobs in Feb. vs. 160,000 estimate: ADP
    Published Wed, Mar 05 2014 8:54 AM by CNBC
    Please check back for further updates.. Economists in a consensus survey expected U.S. private payrolls to fall to 160,000 from January's total of 175,000.. Click here for the latest on the markets.
  • 8:53 AM » Flood insurance bill wins House passage
    Published Wed, Mar 05 2014 8:53 AM by CNBC
    The bill would limit annual increases of any individual policy under the National Flood Insurance Program to 18 percent.
  • 8:03 AM » Americans Shut Out of Housing Market Threaten Recovery
    Published Wed, Mar 05 2014 8:03 AM by Bloomberg
    Americans Shut Out of Home Market Threaten Recovery: Mortgages Bloomberg Kirk Rohrig is concerned he may soon join the growing ranks of Americans shut out of the housing recovery and the financial benefits that spring from it. Rohrig, who is unmarried, began hunting in November for his first home in Portland, Oregon, where cash  ...
  • 8:00 AM » Slide in rates boosts weekly mortgage applications
    Published Wed, Mar 05 2014 8:00 AM by CNBC
    Fixed 30-year mortgage rates averaged 4.47 percent in the week, down from 4.53 percent the week before.
  • 7:57 AM » Treasurys extend losses as Ukraine fears wane
    Published Wed, Mar 05 2014 7:57 AM by CNBC
    U.S. Treasury bonds extended losses on Wednesday, as the threat of imminent conflict in Ukraine receded and investors turned their eyes towards the employment data.
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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.78%
  • |
  • 15 Yr FRM 4.21%
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  • Jumbo 30 Year Fixed 4.80%
MBS Prices:
  • 30YR FNMA 4.5 103-20 (-0-02)
  • |
  • 30YR FNMA 5.0 105-15 (-0-03)
  • |
  • 30YR FNMA 5.5 107-00 (-0-04)
Recent Housing Data:
  • Mortgage Apps -1.15%
  • |
  • Refinance Index -2.64%
  • |
  • Purchase Index 5.06%