Nine Attorneys General Demand DeMarco Ouster

Nine state attorneys general have sent a letter to President Obama, Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell demanding new leadership at the Federal Housing Finance Agency (FHFA). The letter, which effectively calls for Acting FHFA Director Edward J. DeMarco to be fired , was sent Friday by the group spearheaded by Massachusetts' AG Martha Coakley and New York's Eric Schneiderman. The AGs said they have spent several years grappling with the outgrowth of subprime...

Mortgage Rates See Biggest Drop in Over Three Weeks

Mortgage rates moved lower today at their fastest pace since February 25th's Italian election stalemate. Today's move is also bigger than the entire week of sideways-to-slightly-lower rates last week. That said, the first week of March (the one that included the Employment data), is sort of a dividing line in 2013's general trend toward higher rates. Everything before that Thursday is lower, everything after is higher, and today's big move brings us right back to that dividing line. That means a...

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• Improving Credit Markets Force Titanium Shut Down; What is Moving the Relative Prices of Ginnie, Fannie, and Freddie MBS?
• Blackstone Buying $100M Single Family Homes per Week; LO Comp Plan Impact Default Rates? MBA Compliance Classes and QRM Update
• MBS MID-DAY: Bond Markets Flatten Out After Post-Cyprus Rally

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Around the Web

• BB&T Credit-Rating Outlook Cut to Negative by S&P After Fed Test
• Budget Plans: Any Impact on Real Estate?
• Still a Long Way to Go for Housing: Meritage CEO
• Originations: CFPB's Current Structure Is Best For Consumers
• Court Rejects Goldman Appeal in Mortgage Suit
• US Stocks Pare Early Losses Triggered by Concern About Europe

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Today's Comments

	"I see $8,000+ seller credit if using the builders lender - that's not built into the price? You're a fool if you think for a second that it isn't..."
	"In our current regulatory environment, I am surprised the affiliate model has lasted this long. I don't see a long shelf life for practices as they..."
	"I certainly respect the risk and investment a builder makes - with very little certainty and assurance a transaction will close - but coercing buyers ..."

Today's Q&A