Top News

Fed expects economy to keep improving – CNN Money – – NEW YORK (CNNMoney.com) — The Federal Reserve has a more optimistic outlook for the U.S. economy, according to meeting minutes released Wednesday, but the central bank is still debating how to shrink its massive balance sheet.

Market News

Freddie Mac: Mortgage rates hit yearly low – USA Today – – WASHINGTON (AP) — Mortgage rates fell to the lowest level of the year this week, as rates fell on U.S. government securities. Fixed mortgage rates tend to be influenced by movements in the yield of 10-year Treasury notes.

5/19/2010 Mortgage Purchase Applications Plummet While Refinance Applications Increase in Latest MBA

Weekly Survey » – Mortgage Bankers Association – – Welcome to MBA. The Refinance Index increased 14.5 percent from the previous week and the seasonally adjusted Purchase Index decreased 27.1 percent from one week earlier. This is the lowest Purchase Index observed in the survey since May of 1997.

FBI’s Mortgage Fraud Cases up 400% since 2005 – DSNews.com – – Enter your email to receive Daily Email Updates: Of all frauds perpetrated against financial institutions, mortgage fraud, in particular, has spiked, the Office of Thrift Supervision (OTS) said in a report released this week.

5/19/2010 Delinquencies, Foreclosure Starts Increase in Latest » – Mortgage Bankers Association – – Welcome to MBA. The combined percentage of loans in foreclosure or at least one payment past due was 14.01 percent on a non-seasonally adjusted basis, a decline from 15.02 percent last quarter. 

Technology News

4 students build popular real estate iPhone app – Inman – – Extract not available.

Google TV Unveiled – Wall Street Journal Online – – SAN FRANCISOGoogle Inc. detailed its long-awaited plans for entering the living room, based on software that melds conventional TV programming with content delivered from the Internet.

Other News

Nearly 75% of homes are affordable – CNN Money – – Indianapolis is the most affordable city in the country – a post it’s held for five years. By Les Christie, staff writerMay 20, 2010: 1:03 PM ET NEW YORK (CNNMoney.com) — It’s prime time for house hunters.

Commercial, Multifamily Originations Post Mixed Results in Q1 – DSNews.com – – In the first quarter of 2010, commercial and multifamily mortgage loan originations were 12 percent higher than the same period last year but 26 percent lower than the fourth quarter of 2009, the Mortgage Bankers Association (MBA) reported Tuesday. 

Toll Bros. on a land buying spree – CNN Money – – Companies Economy International The Buzz Street Sweep Corrections Pre-market Trading After-hours Trading US Stocks Bonds and Interest Rates Currencies Commodities Mut ual Funds World Markets Subscribe to Real Money Newsletter Subscribe to Money 

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