Housing shouldn’t look at any color but the color of money

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling
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Items Tagged with 'Federal Reserve'

ARTICLES

Freddie Mac: 3 reasons lending will hit lows not seen since 2000

What’s the deal? Rates are at historic lows, but so are originations
Trey Garrison
Mortgage interest rates remain near historic lows and this past week they hit the lowest level of 2014. At this pace, originations will hit a 14-year low of $1.14 trillion for the year.
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Labor market recovery weak and incomplete, Yellen says

Interest rate hikes may come, but depend on jobs, inflation
Trey Garrison
Interest rates and the weak labor market dominated the balance of Fed Chair Janet Yellen’s speech from Jackson Hole on Friday morning.
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Fed minutes: Tapering to end soon?

Cuts another $10 billion
Brena Swanson

"A range of labor market indicators suggests that there remains significant underutilization of labor resources. Household spending appears to be rising moderately and business fixed investment is advancing, while the recovery in the housing sector remains slow," the minutes continued.


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SIFMA says FHFA must raise g-fees but carefully

Must strike balance protecting GSE MBS, bringing in private capital
Trey Garrison
Slow, steady and measured is how the Securities Industry and Financial Markets Association thinks the Federal Housing Finance Agency should approach raising Freddie Mac and Fannie Mae guarantee fees.
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QE4, but wait there's more?

Investor raises specter of reviving QE in 2015
Trey Garrison
The president of Sri-Kumar Global Strategies warns that 10-year bonds could drop below 2% within six months, and that quantitative easing could be brought back from the dead within a year.
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Fed gives BofA capital plan the green light

Adjusts previously submitted regulatory capital ratios
Brena Swanson
Back in April, the Federal Reserve rejected Bank of America's submitted capital plan. Now in August, the Fed has officially accepted the mega bank's new resubmitted plan.
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Fed: CFPB rules are driving down mortgage lending

Report says QM, ATR are hurting loan volume
Trey Garrison
Mortgage rules imposed by the Consumer Financial Protection Bureau are driving down the number of loans banks are making, the Federal Reserve says.
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Mortgage lending standards slightly ease up

First signs of a thaw
Brena Swanson
Mortgage-lending standards eased up during the second quarter, indicating a gradual thaw and potentially helping boost a sluggish housing recovery.
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From HW Magazine

Midterms and mortgage rates

How the upcoming midterm elections may mean low mortgage rates now, and even lower rates in the future
The clarion call for most mortgage market pundits was pretty unanimous as we headed into 2014: mortgage rates just had to rise. They had to. The Federal Reserve was tapering off its historic support for U.S. mortgage markets, and as the Fed tapered MBS billions of dollars’ worth of supply back onto the (otherwise) free market, prices were bound to fall — leading yields to rise, meaning higher mortgage rates for everyone.
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Here’s why the week ahead will make or break housing and the economy

FOMC, initial 2Q GDP and jobs report will put the stamp on 2014
Trey Garrison
The best directions in the world won't help you get somewhere if you don't know where you are standing. We could do without the media spin on the economy and housing.
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