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Reuters is running a pretty shocking exclusive right now. Apparently the Federal Bureau of Investigation, of all agencies, is investigating the claim that derivative traders are front running swaps orders from Fannie Mae and Freddie Mac.
....this is proof Dodd-Frank isn't working. The financial reform made plenty to do with how it would regulate derivatives and how this was going to happen: "The Dodd-Frank Act divides regulatory authority over swap agreements between the CFTC and SEC." -- Jacob Gaffney in ReWired
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Shared by Philo Yan
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Non-QM [mortgage lending] is a huge opportunity, the largest we've seen in 30 years," said one investor with a hedge fund, who asked not to be named. "It's going to take a little time to sort out the details as an industry, but once we do I see a strong market ahead." -- Paul Jackson in ReWired
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Shared by Dieter Birr
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Here are the top six budget places to buy, with a ski resort next door, in reverse order:
8: Truckee, CA. ($379,492)
7. Steamboat Springs, CO ($357,497)
6. Mammoth Lakes, CA. ($341,425)
5. Red Lodge, MT. ($338,581)
4. South Lake Tahoe, CA. ($321,713)
3. Bend, OR. ($281,314)
2. Taos, NM. ($274,496)
1. Whitefish, MT. ($249,736)
Jacob Gaffney in ReWired
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According to Veros, here are the top five strongest and weakest #realestate markets projected for 2014.
Projected Five Strongest Markets
1. #SanFrancisco-#Oakland-#Fremont, #CA +13.4 percent
2. #SanJose-#Sunnyvale-#SantaClara, CA +10.7 percent
3. #Seattle-#Tacoma-#Bellevue, #WA +10.2 percent
4. #LosAngeles-#LongBeach-#SantaAna, CA +9.6 percent
5. #Midland, #TX +9.5 percent
Projected Five Weakest Markets
1. #AtlanticCity, #NJ -1.7 percent
2. #Kingston, #NY -1.7 percent
3. #Fayetteville, #NC -1.3 percent
4. #Norwich-#NewLondon, #CT -1.2 percent
5. #Rockford, #IL -1.1 percent
Projected Five Strongest Markets
1. #SanFrancisco-#Oakland-#Fremont, #CA +13.4 percent
2. #SanJose-#Sunnyvale-#SantaClara, CA +10.7 percent
3. #Seattle-#Tacoma-#Bellevue, #WA +10.2 percent
4. #LosAngeles-#LongBeach-#SantaAna, CA +9.6 percent
5. #Midland, #TX +9.5 percent
Projected Five Weakest Markets
1. #AtlanticCity, #NJ -1.7 percent
2. #Kingston, #NY -1.7 percent
3. #Fayetteville, #NC -1.3 percent
4. #Norwich-#NewLondon, #CT -1.2 percent
5. #Rockford, #IL -1.1 percent
Shared by Tony Garcia
-------------------------------------------------------Church in Lindau
Shared by Dieter Birr
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Georgia, the first state to file for Constitutional Convention.
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Fannie Mae is sending letters to lenders with new requirements for pre-qualifying borrowers.
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Shared by Dieter Birr
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The stock market is set for a bull run due to wars and rumors of wars and bad weather.
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http://sharedscience.org/2014/01/16/previously-unknown-pharaoh-discovered/
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The percentage of student loans classified as delinquent shot up by 13% in 2013, as other types of credit — auto, credit cards and mortgages — continued to see notable payment improvements, data from the Federal Reserve Bank of New York claims.
There’s only one conclusion that can be drawn from this – student loans are the new mortgages. Everyone under a certain age seems to have at least one education debt to pay off. And they are more expensive than ever as this debt sector expands to a tally of $1 trillion-plus in outstanding student loans.
With this expansion, comes fewer Americans who are financially stable or qualified enough to buy new or existing homes. But how troubling is the data, really?
D'Vari's take: "Follow the money because the next financial litigation battle is going to be an education about higher education." -- Kerri Ann Panchuck in HousingWire
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A thatched house in East Stratton, Winchester UK
Shared by Neil Howard
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