Respect Your Haters, It Will Give You Personal and Public Value

The Senate Committee on Banking, Housing, and Urban Affairs put its hand to the future of GSE reform Thursday, voting to report Johnson-Crapo out of committee and to the full Senate. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/30016-johnson-crapo-reform-bill-voted-to-senate-floor
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Freddie Mac's mortgage survey shows average fixed mortgage rates eased slightly for the third consecutive week, falling to a six-month low. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/30013-mortgage-rates-fall-to-6-month-low
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Shared by Fabrice Sabine, New York City

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The Senate Committee on Banking, Housing, and Urban Affairs put its hand to the future of GSE reform Thursday, voting to report Johnson-Crapo out of committee and to the full Senate. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/30016-johnson-crapo-reform-bill-voted-to-senate-floor
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Nat'l Real Estate Post:
Mel Watt, head of FHFA has recinded a rule that banks must buy back bad loans from the FHFA.  This means that, coming soon, banks will feel more freedom to lend to FICO score buyers.  Great news?  This means there will be more buyers, but will this increase the number of defaults and foreclosures?  What will this mean for the housing industry?
HHI (Household Income) and Education found that households with at least $100,000 income expressed more satisfaction with home ownership than those with less than $100,000 income.  And those with college education expressed more satisfaction with home ownership than those with some college education. Ergo, money can buy happiness! 
http://thenationalrealestatepost.com/money-can-buy-you-happiness/?
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Shared by Fabrice Sabine, New York City

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Economic Indicators: Building permits in April 2014 were at a seasonally adjusted annual rate (SAAR) of 1,080,000, up 8.0 percent from the March rate and up 3.8 percent from April 2013.
Housing starts in April 2014 were at a SAAR of 1,072,000, up 13.2 percent from March and up 26.4 percent from April 2013.
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 A rally in the mortgage-bond market is poised to send U.S. home-loan rates to a more than six-month low, bolstering a slowing real-estate recovery. -- Jody Shenn in Bloomberg News
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Shared by Xalima Miriel, One of the inputs to the Templar Castle, Monsanto. XII century

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The former Wells Fargo economist is forecasting a 2.5% increase in existing home sales for April from the prior month and a 12.5% jump in new home sales. -- Brian Collins in National Mortgage News http://www.nationalmortgagenews.com/news/origination/economists-see-home-sales-trending-up-this-summer-1041799-1.html
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Single-family housing starts stalled out in April, rising just 0.1%. If builders and the industry were looking for a break out of pent-up home demand, it wasn’t there. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/30027-single-family-home-starts-stall-out-at-08-april-growth
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Shared by M. Freidrich, Belgien Brugge

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Gary Vanerchuk and Marie Forleo.com on YouTube: When I have haters, I honestly look at it as a failure to communicate on my part. You should never underestimate the value of being proactive and respecting your haters.  https://www.youtube.com/watch?v=0Qy9aLqhxcc
(Bill Clinton understood this principle.)
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Bankrate.com: 
30 year fixed 4.16% down 0.05
15 year fixed 3.22% down 0.02
5/1 ARM 3.23% down 0.05
Shared by M. Freidrich, Belgien, Brugge

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