Mar 18, 2013 9:26AM

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...

Mar 18, 2013 3:10PM

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...

Micro News

10:05 AM:

ECON: NAHB Housing Market Index Lower Than Expected

9:28 AM:

Vying for Technical Victory After Wild Overnight Trading

2:45 PM:

MBS Stretch To Higher Highs, Reprice Potential Persists

10:09 AM:

ECON: Consumer Sentiment Weaker Than Expected

9:19 AM:

ECON: Industrial Production Higher Than Expected

9:14 AM:

Quiet Overnight, Quiet Morning, But Not Without Risks

8:45 AM:

ECON: Core Consumer Prices As Expected

8:40 AM:

ECON: Empire State Manufacturing Roughly In Line With Expectations

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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..."

Jason Harris

"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..."

craig simons

"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

"If i receive a home for a gift and sell in the same year what % do i owe irs for taxes"

"Rob's column today mentioned the Agency increase eff. 5/1 when did that announcement occur?"

"As a licensed Colorado Real Estate Broker, how do I become licensed in Arkansas?"