http://www.housingwire.com/blogs/1-rewired/post/29541
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Nat'l Real Estate Post:
So if you’re a lender or a real estate agent or a customer and you’re being told there’s some problem closing or processing or accessing your transaction – it’s true. It’s not the fault of your lending or real estate professional. Encompass services a huge amount of mortgage business out there. But rest assured, Ellie (Mae) is a quality high level company and we know they’re all over it. http://thenationalrealestatepost.com/encompass-ellie-mae-hack-cause-delays/
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Shared by Neil Shepard. Shepard's Cottage in Wherwell, Hampshire.
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Top 10 Markets for First Time Home Buyers
By Trey Garrison in HousingWire
MSA
|
Median Listing Price
|
YOY % Change
|
MOM % Change
|
Total Listings
|
YOY % Change
|
MOM % Change
|
Median Age of Inventory
|
YOY % Change
|
MOM % Change
|
Un-employm
ent rate
|
Pittsburgh, PA
|
$135,000
|
0.00%
|
1.58%
|
11,026
|
-3.21%
|
-0.38%
|
128
|
1.59%
|
2.40%
|
5.70%
|
Tampa-St. Petersburg-Clearwater, FL
|
$169,900
|
13.34%
|
0.53%
|
21,062
|
33.96%
|
2.90%
|
88
|
-1.12%
|
-5.38%
|
5.90%
|
Philadelphia, PA-NJ(NJ)
|
$174,900
|
0.00%
|
1.39%
|
10,656
|
2.19%
|
2.98%
|
141
|
-1.40%
|
-3.42%
|
6.40%
|
Fort Worth-Arlington, TX
|
$175,000
|
3.61%
|
0.06%
|
8,433
|
7.44%
|
15.54%
|
67
|
0.00%
|
-19.28%
|
5.40%
|
Orlando, FL
|
$191,900
|
12.95%
|
1.00%
|
13,425
|
49.17%
|
4.33%
|
81
|
12.50%
|
-5.81%
|
5.50%
|
Jacksonville, FL
|
$198,000
|
1.59%
|
1.59%
|
9,787
|
25.47%
|
2.99%
|
95
|
5.56%
|
-5.94%
|
5.60%
|
Philadelphia, PA-NJ(PA)
|
$219,000
|
1.86%
|
2.82%
|
21,909
|
-4.72%
|
1.78%
|
121
|
5.22%
|
-0.82%
|
6.40%
|
Dallas, TX
|
$224,900
|
12.45%
|
2.23%
|
15,887
|
10.28%
|
18.72%
|
57
|
1.79%
|
-25.97%
|
5.40%
|
Raleigh-Durham-Chapel Hill, NC
|
$227,500
|
5.81%
|
1.11%
|
9,435
|
-0.99%
|
6.68%
|
98
|
4.26%
|
-7.55%
|
4.90%
|
Phoenix-Mesa, AZ
|
$244,900
|
13.96%
|
2.04%
|
23,654
|
45.34%
|
9.02%
|
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Nat'l Real Estate Post:
The CFPB is so out of control not even Congress can get their attention. They didn’t even show up to their discrimination hearing.
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A recent survey by the PulteGroup revealed that the Millennial generation has a more optimistic outlook regarding the American economy than other generations. According to the survey, 54% of Millennials believe the economy is in better shape today than it was last year compared to only 41% of the total population. -- The KCM Crew http://www.keepingcurrentmatters.com/2014/03/31/millennials-optimistic-ready-to-buy/
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Millennium Tower World Business Center, Busan Korea.
Shared by Places to See Before You Die
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Nat'l Real Estate Post:
Jeffrey Dahmer’s childhood home is for sale and it’s a heck of a deal in Akron, Ohio for $295K. Some marketing ideas are, "Home to die for", "At least it's not Sharon Tate's place", "This house is a killer killer's deal", "Great dining area great for hosting parties", "Won't cost you an arm and a leg", "Lots of storage space in the basement", "Walk in freezer", "If you like the holidays, Halloween takes on a whole new meaning in your new house".
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Michael Bennett Photography's Chicago Skyline, Shared by Uros Kralj
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Ellie Mae has hired Stroz Friedberg, a cyber-security and digital forensics investigation firm, to piece together evidence and trace the attack, evaluate Ellie Mae's response to the incident, as well as validate that the vendor did not suffer a data or security breach. -- Austin Kilgore in Origination News http://www.nationalmortgagenews.com/news/technology/ellie-mae-suspects-attackers-had-industry-knowledge
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Nat'l Real Estate Post:
Housing bubble in the making or not? Zillow says yes. What do you say?
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Dubai. Taken by Guy Kawasaki
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Paul Ryan's Budget
The budget ultimately recommends putting an end to corporate subsidies and taxpayer bailouts in housing finance and envisions to eventual elimination of Fannie and Freddie.
However, in order to get to that end result, the budget advises following the Protecting American Taxpayers and Homeowners Act, which phases out the government-sponsored enterprises in five years. -- Brena Swanson in HousingWire http://www.housingwire.com/articles/29566
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Black Knight Financial Services mortgage data for February data showed that monthly mortgage originations dropped to the lowest number in at least 14 years. -- Trey Garrison in HousingWire
http://www.housingwire.com/articles/29569-black-knight-originations-fall-to-lowest-level-in-14-years
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The Bridge at Liege, Shared by M. Friedrich
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According the latest Fannie Mae National Housing Survey, the share of respondents who say it is a good time to sell a home escalated to 38% in March, up from 26% for the same period a year ago. -- Brena Swanson in HousingWire
http://www.housingwire.com/articles/29574-american-optimism-trends-higher-as-home-buying-season-starts
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Nat'l Real Estate Post:
Well as we stated in the post title there is pressure to lower the GSE fees. On the one hand you might say to just leave things alone considering that all seems to be going well right? On the other hand there are some very interesting stats that we go over in the show that will blow you away. One concern of the GSE’s is if they lower fees that they won’t be as profitable, but we illustrate that if they do lower their fees they could actually be even more profitable. Now if we could just get the Treasure to allow them to keep some of their profits we’d be heading in the right direction, but one thing at a time right? http://thenationalrealestatepost.com/pressure-mounts-for-lower-gse-fees/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+TheNationalRealEstatePost+%28The+National+Real+Estate+Post%29
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Shared by Jacob Surland
Old Town Museum in Aarhus is a museum made of old houses, moved brick by brick from the original location to the Museum. Most of the houses you can go into, to see how people lived in the that specific period of time. Photo by: Jacob Surland, www.caughtinpixels.com
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Listen, the mortgage industry is off by 55% from this time last year with respect to volume. So what do lenders do when the going gets tough? A few things. 1 – They cut costs, 2 – They increase business or, 3 – They fail. Well what’s surprising is that a third of the lenders out there say that they will now entertain doing Non-QM loans whereas they wouldn’t even consider it this time last year.
http://thenationalrealestatepost.com/new-non-qm-loans-available-soon/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+TheNationalRealEstatePost+%28The+National+Real+Estate+Post%29
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Nat'l Real Estate Post:
Yet another banker has died and not only him but his whole family. Look we’re going to just say it. Something is going on here that’s not on the up and up. We think these people are getting bumped off. This has to be some sort of revenge. Is it one person or a group that’s planned some great banker revenge scheme? Or is it truly just some sort of coincidence that all these people are in the financial and or mortgage industry? We just can’t buy that a guy would shoot himself multiple times with a nail gun multiple times or would jump off a moving train to end it all. Just seems very very strange.
http://thenationalrealestatepost.com/yet-another-banker-mysteriously-dies/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+TheNationalRealEstatePost+%28The+National+Real+Estate+Post%29
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