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  • Tue, Apr 1 2014
  • 6:55 PM » Wells Fargo announces new CFO to replace Sloan
    Published Tue, Apr 01 2014 6:55 PM by Market Watch
    NEW YORK (MarketWatch) -- Wells Fargo & Co. announced on Tuesday the appointment of a new chief financial officer. John R. Shrewsberry, current head of the investment bank will replace current CFO Timothy J. Sloan. Shrewsberry has been with the firm for more than a decade and will become CFO for the giant mortgage bank effective May 15, 2014, reporting directly to the John Stumpf, Wells Fargo's chairman and chief executive officer. Sloan will become the head of the Wholesale Banking group at Wells Fargo.
  • 6:55 PM » Crimea Rating Cut to S&P's Lowest Grade After Default - Bloomberg
    Published Tue, Apr 01 2014 6:55 PM by Bloomberg
    Crimea Rating Cut to S&P's Lowest Grade After Default Bloomberg Crimea's credit rating was cut to the lowest grade and then withdrawn by Standard & Poor's after the regional government, which was annexed by Russia last month, defaulted on local bonds. The overseas and local debt rating was cut to D after Crimea ... and more »
  • 6:54 PM » BofA's FHFA Mortgage Suit Dropped After $9.5 Billion Pact - Bloomberg
    Published Tue, Apr 01 2014 6:54 PM by Bloomberg
    BofA's FHFA Mortgage Suit Dropped After $9.5 Billion Pact Bloomberg U.S. housing regulators abandoned their lawsuit against Bank of America Corp.'s Merrill Lynch unit as part of a $9.5 billion settlement resolving allegations the bank misrepresented loans packaged into bonds. The bank and the Federal Housing Finance ...
  • 6:44 PM » Private payroll data may show whether thaw is on
    Published Tue, Apr 01 2014 6:44 PM by CNBC
    Stocks are sniffing out a spring thaw, and private payroll data should give some clues to whether the bounce back rally can continue.
  • 4:05 PM » In U.S., Economic Confidence Holds Steady in March
    Published Tue, Apr 01 2014 4:05 PM by www.gallup.com
    Gallup's Economic Confidence Index averaged -17 in March, similar to the -16 recorded in January and February. Americans' confidence in the economy remains higher than it was last fall, but lower than its peak last May.
    Click Here to Read the Full Article

    Source: www.gallup.com
  • 3:43 PM » What does it mean to move housing forward?
    Published Tue, Apr 01 2014 3:43 PM by National Housing Conference
    42nd Annual Gala honorees show us the way.  by Chris Estes, National Housing Conference I had a great trip last week to San Francisco, where I had the pleasure of kicking off Ballard Spahr's Best of the West Housing Conference. I talked about a variety of important housing issues like funding for the National Housing Trust Fund, the President's budget for housing programs and the important issues it sets up for next year, expansion potential of programs like RAD, and implications for tax reform now that Chairman Camp introduced his bill. I also had great meetings with folks from the Federal Home Loan Bank of San Francisco, Enterprise Community Partners and the Non-Profit Housing Association of Northern California. I learned a lot from them about the issues that are in play in California's housing community, and had a chance to share details with them about NHC's Annual Gala in June and the Solutions 2014 national conference on state and local housing policy, which we'll host in Oakland November 18-20. As I mentioned in the Washington Wire last week, Linda Mandolini of Eden Housing and former New York Representative Rick Lazio will co-chair the June 12 Gala, Moving Housing Forward: Seizing the Moment. Please take a moment to learn more about the Gala on our website . The Gala is in its 42nd year. My personal goal is to ensure that it continues to be a celebration of affordable housing and community development work that is truly national in scope. The past two Galas have honored organizations, like veterans housing groups in 2012, and NeighborWorks America® and Omni NY LLC in 2013, that provided uncommon leadership and vision in solving America's most pressing housing needs. We've renamed the Housing Person of the Year award to show our continued commitment to honoring the best work in housing, whether it comes from an organization or an individual. This year's Housing Visionary Awards will go to Enterprise Community Partners...
    Click Here to Read the Full Article

    Source: National Housing Conference
  • 2:27 PM » Over 7 million signed up for Obamacare
    Published Tue, Apr 01 2014 2:27 PM by CNBC
    More than 7 million people had signed up for Obamacare, surpassing the White House's goal.
  • 1:44 PM » February Phoenix Region Home Sale Press Release
    Published Tue, Apr 01 2014 1:44 PM by DataQuick
    Phoenix Region February Home Sales The Phoenix area posted the smallest year-over-year gain in its median sale price in two years during February as a rise in inventory and other factors helped tame price appreciation. The sales volume was the lowest for a February in five years, a real estate information service reported. Buyers paid a median $189,000 for all new and resale houses and condos sold during February in the combined Maricopa-Pinal counties metro area. That was the same as in January and up 11.7 percent from a year earlier. The year-over-year increase in the February median was the lowest since the median sale price rose 7.5 percent, to $129,000, in February 2012, according to San Diego-based DataQuick, which tracks real estate trends nationally via public property records. The Phoenix-area's median sale price has risen on a year-over-year basis for 28 consecutive months and those gains have been double-digit - as high as 32.2 percent - for the last 24 months. Despite those gains, the February median remained 28.1 percent below the region's all-time peak median of $264,100 in June 2006. Home price increases have moderated in Phoenix and in some other Western markets as the number of homes listed for sale has increased, and as higher prices and mortgage interest rates have priced out some potential buyers. In addition, credit conditions remain relatively tight and demand from investors has waned. Early last year the combination of ultra-low mortgage rates, tight inventory and high investor demand helped drive steep price gains. In February, a total of 6,641 new and resale houses and condos closed escrow in the two-county Phoenix region, up 9.4 percent from the month before and down 16.3 percent from a year earlier. The month-to-month increase in sales matches the average change in sales volume between January and February since 1994, when DataQuick's complete Phoenix region statistics begin. Sales have fallen on a year-over-year basis for five...
  • 1:31 PM » Statement Regarding Transactions in Agency Mortgage-Backed Securities
    Published Tue, Apr 01 2014 1:31 PM by NY Fed
    On April 9, 2014, the New York Fed's Open Market Trading Desk will begin to increasingly conduct agency MBS purchases over FedTrade. These purchases will be counted toward the monthly additional agency MBS purchases and reinvestments of principal payments on holdings of agency securities that the Desk has been conducting at the direction of the Federal Open Market Committee.
  • 12:38 PM » What are the best/worst markets for rental returns
    Published Tue, Apr 01 2014 12:38 PM by CNBC
    Looking to buy a home as an investor? Check out the best and worst places for rental returns.
  • 11:24 AM » Flood insurance fix may end up being no fix at all
    Published Tue, Apr 01 2014 11:24 AM by CNBC
    A plan to roll back higher flood insurance premiums is making homeowners happy, but one analyst says it ignores the risk of living in flood zones.
  • 11:24 AM » Wells Fargo is giving investors something to talk about
    Published Tue, Apr 01 2014 11:24 AM by Market Watch
    There are stocks that are the type that people want to brag that they own, and then there are those that are, shall we say, less exciting to the average person. Which of these is Wells Fargo?
  • 11:23 AM » How data helps communities meet housing needs
    Published Tue, Apr 01 2014 11:23 AM by National Housing Conference
    Developing solutions through research by Lisa Sturtevant, Ph.D., Center for Housing Policy On a recent Thursday evening, I stood in front of a group of residents gathered at Central Library in Arlington, Virginia, to talk about data. The prospect of sitting in a darkened auditorium to talk about numbers and charts brought many in the room back to the dreaded statistics class they had taken in college or grad school. But statistics are not just numbers. They can tell a story. And in this case, they tell a story of a changing community. In an interactive, game show style discussion, I asked the audience questions, like the following:  ·          What age group has grown the fastest in Arlington since 2000? ·          Has the non-white population increased or decreased? ·          What share of households in Arlington has incomes below $15,000? ·          What group is most likely to spend 30% or more of their income on housing costs? ·          What share of persons with disabilities spends more than half of their income on housing costs?   By asking questions like these, it compelled people to reflect on what they thought their community looked like. And then by seeing the actual data, either their perceptions were confirmed, or their understanding opened up. Often it was the latter. In fact, one participant said he realized how important data was to combating preconceived notions people might have about their own community. But the primary reason for sharing the data that night was to help guide a discussion about what the characteristics of a community mean for planning for housing. Arlington County...
    Click Here to Read the Full Article

    Source: National Housing Conference
  • 10:18 AM » US ISM Manufacturing Index Rose to 53.7 in March From 53.2 - Bloomberg
    Published Tue, Apr 01 2014 10:18 AM by Bloomberg
    US ISM Manufacturing Index Rose to 53.7 in March From 53.2 Bloomberg The Institute for Supply Management's index increased to 53.7 in March from 53.2 a month earlier, the Tempe, Arizona-based group reported today. Readings above 50 indicate growth. The median forecast in a Bloomberg survey of 81 economists was 54, ...
  • 10:11 AM » February construction spending rises 0.1%
    Published Tue, Apr 01 2014 10:11 AM by Market Watch
    WASHINGTON (MarketWatch) -- Outlays for U.S. construction projects rose 0.1% in February to a seasonally adjusted annual rate of $945.7 billion, led by nonresidential projects, the U.S. Commerce Department reported Tuesday. Economists polled by MarketWatch had expected a 0.1% decrease in February. Both private and public construction spending rose 0.1% in February.
  • 8:53 AM » Treasurys fall ahead of manufacturing report
    Published Tue, Apr 01 2014 8:53 AM by Market Watch
    NEW YORK (MarketWatch) -- Treasury prices fell Tuesday, sending yields higher, ahead of manufacturing index data from the Institute for Supply Management due out at 10 a.m. Eastern. Other insights on the economy could come from a PMI manufacturing index due out at 9:45 a.m. and data on construction spending at 10 a.m. The 10-year Treasury note yield rose 2 basis points to 2.746%, while the 30-year bond yield rose 2.5 basis points to 3.588%, and the 5-year note yield rose half a basis point to 1.735%. Treasury prices began falling after data showed a slight rise in China's manufacturing index, and an acceleration in euro-zone manufacturing activity.
  • 8:53 AM » Manhattan home prices soar to median $972,000
    Published Tue, Apr 01 2014 8:53 AM by CNN
    While home prices in other parts of the country are still 20% below their housing boom peak, demand for large, luxury apartments has helped home prices in Manhattan almost fully recover from the housing bust.
  • 8:44 AM » Home prices rise 0.8% in February: CoreLogic
    Published Tue, Apr 01 2014 8:44 AM by Market Watch
    WASHINGTON (MarketWatch) -- Home prices rose 0.8% in February, as annual growth reached 12.2%, the fastest year-over-year pace since February 2006, according to data released Tuesday by CoreLogic , an Irvine, Calif.-based analysis firm. "As the spring home-buying season kicks off, house price appreciation continues to be strong," said Mark Fleming, CoreLogic's chief economist. "Although prices should remain strong in the near term due to a short supply of homes on the market, price increases should moderate over the next year as home equity releases pent-up supply." Including February, home prices were about 17% below a bubble peak. Looking at states, prices in California saw the fastest annual growth, reaching 19.8% in February, while Kentucky had the slowest year-over-year pace, at 0.4%. Notably, Colorado, Nebraska, North Dakota and Texas each set a new record high price in February. Excluding distressed properties, such as short sales, monthly U.S. home-price growth in February was 0.9%, and the annual pace hit 10.7%.
  • 8:43 AM » Florida Home Foreclosure Rate Falls to 6.2%, Triple U.S. Average - Bloomberg
    Published Tue, Apr 01 2014 8:43 AM by Bloomberg
    Florida Home Foreclosure Rate Falls to 6.2%, Triple U.S. Average Bloomberg The residential foreclosure rate in Florida, which has the highest percentage of delinquent mortgages in the U.S., declined to 6.2 percent in January, according to a report by CoreLogic Inc. (CLGX) That's down from 10.1 percent from a year earlier. Florida's ...
  • 8:43 AM » News Release - Fannie Mae Releases February 2014 ...
    Published Tue, Apr 01 2014 8:43 AM by Fannie Mae
    The monthly summary report contains information about Fannie Mae s monthly and year-to-date activities.
  • 8:43 AM » U.S. judge says SEC lawsuit against Bank of America should proceed
    Published Tue, Apr 01 2014 8:43 AM by Reuters
    (Reuters) - A federal judge on Monday recommended letting the U.S. Securities and Exchange Commission pursue a lawsuit against Bank of America Corp over $855 million of mortgage securities that soured during the global financial crisis.
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Recent Housing Data:
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