Stories I recommend today
Today’s Originations links. Must-reads on the housing economy.
New virtual reality Google glasses aren’t for me, but maybe they’re the next iPhone.
Search giant still fine-tuning mortgage rate searches.
-Areas most impacted by loan limit cuts (LendingTree Chief Economist) -Case Shiller Head David Blitzer on Home Prices & Foreclosures (S&P) -Google+ Reaches 10 Million In 2 Weeks (VentureBeat) -Why Loan Limit Cuts Aren’t a Big Deal (TBP) -Key Earnings Reports Next Week (Bespoke) -Debt Ceiling Charade (CalculatedRisk) -Interest Rate Stories (Krugman)
Why is the jobs market not recovering? To a large extent, the state of the jobs market is what will determine the outcome of the 2012 elections. To start, I want to make clear that it has always been my belief that there is little that the President and Congress can do to create jobs.
-8 Reasons I’m Glad I’m American (LendingTree via FiscalFizzle) -Bair Expects FDIC Fund To Turn Positive In June (HousingWire) -PIMCO’s MBS Head Scott Simon On Housing Outlook (PIMCO) -Time To Be Bullish On Homebuilders? (TradingFloor.com) -Guide to SEC’s Securitization Reform Plan (MortgageOrb) -Corcoran On What Homebuyers Get For $400k (MSNBC) -US 10yr Treasury Yields Exploding
Interesting Bloomberg story today on Google’s tax strategy. Click infographic below to get the interactive version.
My 86-year old Dad caught me taking a nap over the weekend. Not one to miss an opportunity, he said, “You practically invented lazy. People should have to call you and ask for the rights to the word “lazy” before they use it.” That’s my Dad… Lock Desk personnel are seldom lazy, and in fact
Fixed and ARM rates open this week about even, but not after extreme volatility since my last WeeklyBasis report two weeks ago. As Friday’s trading proved, it’s still normal to see rate swings of as much as .5% in a single day, so lock strategy right now is focused on setting rate targets with clients