Sellers' Market in California, Foreclosed Borrowers, National Mortgage Database

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Nov 1, 2012 3:55PM Is a Sellers' Market Emerging in California? A sellers' market appears to be emerging in some areas in California. The California Association of Realtors® (C.A.R.) said Thursday that favorable home prices and record-low interest rates are making the market competitive to the point that nearly six of ten houses are receiving multiple offers. C.A.R. made the comments as it released results of its 2012 Annual Housing Market Survey. Fifty-seven percent of home sales featured multiple offers in 2012, the highest in at least the past 12 years... Nov 1, 2012 1:42PM FHFA, CFPB to Cooperate on National Mortgage Database Two federal agencies announced on Thursday that they are working together to create the first comprehensive repository of detailed mortgage loan information . Once in place, the Federal Housing Finance Agency ( FHFA ) and the new Consumer Financial Protection Bureau ( CFPB ) will use the National Mortgage Database to support their policymaking and research efforts and to gain a better understanding of emerging mortgage and housing trends. The database will include information spanning the life of... Slow Return of Foreclosed Borrowers Hindering Housing Recovery Mortgage Rates Hold Mostly Steady Ahead Of Employment Report MBS RECAP: Reasonably Resilient Day Ahead Of NFP, Despite Losses Senior Loan Officers Respond to FHA, HARP Questions in Fed Survey Realistic Thoughts on Low Producing LO's; BOK and Impac Earnings; Disasters Don't Boost Economic Well-being MBS MID-DAY: Weaker After Data, But Holding Ground Fairly Well View: Front Page | Headline Viewer Micro News 3:12 PM: MBS Languish Just Above Lows As NFP Looms 10:59 AM: MBS At Lows Following Morning Data, Negative Reprice Risk Depends On Lender 10:10 AM: ECON: Construction Spending As Expected 10:07 AM: ECON: ISM Manufacturing Slightly Higher Than Expected 10:05 AM: ECON: Consumer Confidence Roughly As Expected; Some Strong Internals 9:24 AM: Bond Markets Slightly Weaker, But Well Within Yesterday's Range 9:02 AM: ECON: PMI Edges Down To 37 Month Low in October - Markit 8:41 AM: ECON: Nonfarm Productivity Higher Than Expected, Labor Costs Lower »View All Micro News Around the Web Fed's Lockhart Says Jobs Market Health Can't Be Gauged by One Number Loan Originators Be Warned: Not All Errors Justify Buyback Demands Lockhart Says Fed Shouldn't Tie Policy to Unemployment Rate Wells Fargo Says False Claims Suit Breaks Deal With U.S. MGIC Rallies as Freddie Mac Insurance Clash Eases Radian posts 1st profit in a year, stock jumps »View More Around the Web Video News Bill Gross' Investment Outlook Santelli: 'Firmly' Weak Trajectory Shiller: Housing Recovery Could Take a While »View More Video News Today's Comments "I try to attend most closings and went to 3 last week. My frustration with the industry is a bit less with the guidelines and more with the increased fees..." "Frank: Great article! I attend about 90% of my closings and title agents and realtors are always surprised when the mortgage broker shows up! You have..." "Spot on Frank! More and more I see originators 'coming out' and letting American consumers know just how they feel. It was once an honor to originate..." »View More Comments Today's Q&A "Can I get a FHA loan for a second home if I rent the first one?" "when lender pays the closing cost, can part of the closing cost charged as pre-paid finance charges?" "What is the difference between Origination Fee, Loan Processing Fee & Underwriting Fee?" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.44 0.01 15YR 2.80 0.00 FHA30YR 3.25 0.00 Jumbo30YR 3.84 0.01 5/1ARM 3.00 -0.01 MBS Quotes 30YR FNMA 3 104-20 -0-09 30YR FNMA 3 106-12 -0-04 30YR FNMA 4 107-01 -0-02 30YR FNMA 4 107-28 -0-01 Treasuries 2 YR 0.2854 0.0004 3 YR 0.3859 0.0029 5 YR 0.7420 0.0210 7 YR 1.1753 0.0303 10 YR 1.7295 0.0355 30 YR 2.9074 0.0484 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Mortgage Application -4.75% Mortgage Refinance -6.02% Mortgage Purchase 0.54% Home Vacancy -9.52% Homeownership 0.00% S&P/Case Shiller 0.88% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031