Some aging Baby Boomers will upsize, not downsize, if they move at all, poll finds

Posted October 30, 2014 / No comments

We’ve been  warned  that the multi-level homes with the sprawling lawns in the driving-dependent suburbs that are popular with baby boomers may not work so well for them as they age. Harvard University’s Joint Center for Housing Studies and the AARP told us so in a  report  released last month, which concluded that today’s homes generally lack

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QE was a 'nonevent': Billion-dollar bond manager

Posted October 30, 2014 / No comments

John Lekas of Leader Capital isn’t sweating the end of quantitative easing. In fact, he’s wondering why anyone ever thought it mattered….(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Source: Mortgage News Daily

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How Auction.com predicts home sales

Posted October 30, 2014 / No comments

[View:http://video.cnbc.com/gallery/?video=3000326120&__source=mnd|news|video|&par=mnd] Auction.com is launching the Nowcast today. CNBC's Diana Olick reports Google Capital put $50 million into Auction.com to help predict monthly home sales data faster than realtors. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Source: Video Feed

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Homelessness slowly on the decline

Posted October 30, 2014 / No comments

The nation’s homeless population, and especially the number of families without shelter, continues to decline, according to a new report….(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Source: Mortgage News Daily

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Household Savings Near Two-Year High Seen Boosting U.S. Spending – Bloomberg

Posted October 30, 2014 / No comments

Household Savings Near Two-Year High Seen Boosting U.S. Spending Bloomberg Americans' savings may burn a hole in their pockets during the holiday-shopping season after consumer spending took a breather in the third quarter. Household purchases, which account for almost 70 percent of the economy, climbed at a 1.8 percent ……(read more) Forward this article via email:  Send

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Mortgage company that entered into CFPB consent order moves to dismiss class action claims

Posted October 30, 2014 / No comments

Barbara S. Mishkin Earlier this week, Castle & Cooke Mortgage, LLC, the mortgage company that entered into a consent order with the CFPB in November 2013 to settle charges that it violated the Regulation Z loan originator compensation rule (“LO Compensation Rule”), filed a motion to dismiss three counts of the class action complaint filed against

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El-Erian's end of QE playbook

Posted October 30, 2014 / No comments

[View:http://video.cnbc.com/gallery/?video=3000325886&__source=mnd|news|video|&par=mnd] Mohamed El-Erian, Allianz chief economic adviser, thinks the Federal Reserve is trying to keep all of its options open, after the Fed announced an end to QE. El-Erian shares his best strategy. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

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