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  • Wed, Jul 23 2014
  • 9:22 PM » Inflation: Another "False Alarm"?
    Published Wed, Jul 23 2014 9:22 PM by Calculated Risk Blog
    There have been a few false alarms about a possible upsurge in inflation in the US in the past few years, even as core inflation on most measures has remained extremely subdued. ... Another such scare has been brewing recently. ... It now seems probable that part of the recent jump in core inflation was just a random fluctuation in the data. ... But the main reason for the lack of concern is that wage pressures in the economy have remained stable, on virtually all the relevant measures. ... there has been yet another false alarm on US inflation.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 9:22 PM » Chinese homebuyers are flocking to these U.S. states
    Published Wed, Jul 23 2014 9:22 PM by CNN
    Chinese buyers are now the biggest international players in the U.S. housing market and some states are seeing billions of dollars in real estate deals as a result.
  • 9:18 PM » S&P faces charges over mortgage ratings
    Published Wed, Jul 23 2014 9:18 PM by CNBC
    Standard & Poor's may face securities fraud charges for ratings given to six commercial mortgage-backed securities issued in 2011.
  • 4:49 PM » 'Bring It On,' Frank Tells Dodd-Frank Critics at Hearing - Bloomberg
    Published Wed, Jul 23 2014 4:49 PM by Bloomberg
    'Bring It On,' Frank Tells Dodd-Frank Critics at Hearing Bloomberg It was 2010 all over again in the U.S. House Financial Services Committee. Barney Frank, the panel's former chairman, returned to Washington today to sit before the committee and provide a feisty defense of that year's regulatory overhaul, the Dodd-Frank Act ... and more »
  • 3:59 PM » Chocolate, waffles and... U.S. bonds?
    Published Wed, Jul 23 2014 3:59 PM by CNN
    There's a big mystery in the bond market. Solving it could be the key to figuring out why U.S. government bond yields have remained so low.
  • 3:59 PM » More on the debate over the impact of student loan debt and homeownership
    Published Wed, Jul 23 2014 3:59 PM by www.cfpbmonitor.com
    John L. Culhane, Jr. We recently wrote about a new Brookings Institution report which suggested that charges coming from various quarters, including the CFPB, that student loan debt is causing young adults to postpone home ownership are overblown. The report found that the typical household with debt is no worse off today than a generation ago, with increases in... More >
    Click Here to Read the Full Article

    Source: www.cfpbmonitor.com
  • 3:57 PM » Ex-Jefferies trader sentenced to two years in prison in fraud case
    Published Wed, Jul 23 2014 3:57 PM by Reuters
    NEW HAVEN Conn. (Reuters) - A former Jefferies Group Inc managing director convicted of defrauding investors who traded mortgage bonds through a government program established in response to the 2008 financial crisis was sentenced on Wednesday to two years in prison.
  • 2:23 PM » CFPB issues second Financial Literacy Annual Report
    Published Wed, Jul 23 2014 2:23 PM by www.cfpbmonitor.com
    Barbara S. Mishkin The CFPB has issued its second Financial Literacy Annual Report to Congress. The report covers the CFPB's activities to improve consumer financial literacy during the period from June 2013 through May 2014. The report’s Appendix contains a list of the CFPB’s financial education resources as of May 31, 2014. The report discusses the CFPB’s activities as... More >
    Click Here to Read the Full Article

    Source: www.cfpbmonitor.com
  • 1:00 PM » US growth forecast now 1.7 percent
    Published Wed, Jul 23 2014 1:00 PM by CNBC
    The IMF said it expects the U.S. economy to grow even more slowly this year than it predicted a month ago due to weakness in the first quarter.
  • 12:59 PM » Consumer advisory: Don't fall for a foreclosure relief scam or bogus legal help
    Published Wed, Jul 23 2014 12:59 PM by CFPB
    Along with other cases from federal and state partners, today we charged that mortgage rescue scammers have taken $25 million in illegal advance fees from consumers. It serves as a reminder of how important it is to watch out for scam artists trying to take advantage of people who need help avoiding foreclosure. Read more to learn how to protect yourself from these scams.
  • 11:56 AM » Hensarling on Dodd-Frank's 4th Anniversary
    Published Wed, Jul 23 2014 11:56 AM by House Financial Services
    "It wasn't deregulation; it was bad regulation that helped lead us into this crisis. So if you get the wrong diagnosis you get the wrong remedy. Dodd-Frank has been the wrong remedy, adding incomprehensible complexity to incomprehensible complexity." CLICK HERE TO WATCH WASHINGTON- House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today's full committee hearing to examine the Dodd-Frank Act on its 4 th anniversary: Dodd-Frank has always been based on upon a false premise that somehow deregulation or lack of regulation led us into the crisis. However in the decade leading up to the crisis, studies have shown that the regulatory burden on the financial services industry actually increased. There were few industries that were more-highly regulated; FDICIA, FIRREA, Sarbanes-Oxley, the list goes on. We hear a lot about Wall Street greed; I could not agree more. I'm just curious, at what point was there not greed on Wall Street? So I'm wondering how that could necessarily be the determining factor? What I do know is that affordable housing goals of Fannie and Freddie on steroids and other policies helped incent, cajole, and mandate financial institutions into loaning money to people to buy homes they ultimately could not afford to keep them. My Democratic colleagues at the time said "let's roll the dice" on housing. They did, and the economy imploded. It wasn't deregulation; it was bad regulation that helped lead us into this crisis. So if you get the wrong diagnosis you get the wrong remedy. Dodd-Frank has been the wrong remedy, adding incomprehensible complexity to incomprehensible complexity. Now frequently in Washington, and I say frequently, regrettably, it is the rule as opposed to the exception, laws are always evaluated by their advertised benefits; not by their actual benefits or actual costs. So at the time Dodd-Frank was passed, we were told it would would "lift...
    Click Here to Read the Full Article

    Source: House Financial Services
  • 11:56 AM » Housing Markets Slog Forward
    Published Wed, Jul 23 2014 11:56 AM by freddiemac.mwnewsroom.com
    Housing Markets Slog Forward
    Click Here to Read the Full Article

    Source: freddiemac.mwnewsroom.com
  • 10:24 AM » Darth Vader is polling higher than all potential 2016 presidential candidates
    Published Wed, Jul 23 2014 10:24 AM by Washington Post
    On Tuesday FiveThirtyEight released the results of a poll of Americans' opinions on the "Star Wars" universe. Not surprisingly, Jar Jar Binks is the most reviled character in the series. As Walt Hickey notes, the Gungan from Naboo posted lower favorability numbers than Emperor Palpatine, "the actual personification of evil in the galaxy." Read full article >>
    Click Here to Read the Full Article

    Source: Washington Post
  • 10:22 AM » Bond Report: Treasurys rise for a third straight day
    Published Wed, Jul 23 2014 10:22 AM by Market Watch
    Treasury prices inched higher, on track for their third consecutive day of gains.
  • 9:34 AM » Bond Market Trading Drying Up Posing Stability Risk, RBS Says - Bloomberg
    Published Wed, Jul 23 2014 9:34 AM by Bloomberg
    Bond Market Trading Drying Up Posing Stability Risk, RBS Says Bloomberg Credit market trading is drying up, posing a threat to the stability of the financial system that regulators are ignoring, according to strategists at Royal Bank of Scotland Group Plc in London. Liquidity has declined by about 70 percent since the financial crisis, ...
  • 9:33 AM » Black Knight Financial Services' "First Look" at June 2014 Mortgage Data
    Published Wed, Jul 23 2014 9:33 AM by LPS
    Black Knight Financial Services' "First Look" at June 2014 Mortgage Data<br/>http://www.lpsvcs.com/LPSCorporateInformation/NewsRoom/Pages/20140723.aspx
  • 8:55 AM » This is Yellen's gravest mistake
    Published Wed, Jul 23 2014 8:55 AM by Market Watch
    Investors are reaching for yield, and one day soon they will get crushed.
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Mortgage Rates:
  • 30 Yr FRM 3.95%
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  • 15 Yr FRM 3.13%
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  • Jumbo 30 Year Fixed 3.90%
MBS Prices:
  • 30YR FNMA 4.5 108-09 (0-00)
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  • 30YR FNMA 5.0 110-21 (0-01)
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  • 30YR FNMA 5.5 111-18 (0-00)
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%