NAR Addresses Cybersecurity, Says Take Precautions

Posted To: MND NewsWire

A securities expert told an audience at the National Association of Realtors’ (NAR’s) annual conference that cybercrimes against real estate agents and companies are increasing at a record-setting pace. Robert Siciliano, CEO of Safr.Me, said those crimes, which include transfer fraud and compromised records in real estate transactions, have increased over the past two years. This year, due to poor security systems and neglectful behaviors, the crimes appear to be growing faster than ever. Agent and companies have to defend information from spyware, malware, ransomware and keyloggers. “Equifax’s data breach affected 143 million people,” Siciliano, who was once a victim of a cybercrime himself, said “So, the bad guys already have your identity. Maybe you have been affected, maybe not, but it…(read more)

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NAR Addresses Cybersecurity, Says Take Precautions
NAR Addresses Cybersecurity, Says Take Precautions

Here's what Wall Street is expecting from Trump's New York Economic Club speech

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David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, and Vincent Reinhart, chief economist at BNY Mellon, join "Squawk Box" to discuss what they expect from President Trump's highly-anticipated speech at the New York Economic Club on Tuesday.

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Here's what Wall Street is expecting from Trump's New York Economic Club speech
Here's what Wall Street is expecting from Trump's New York Economic Club speech

MBS Week Ahead: Bonds Staging at 2019's Most Important Crossroads

Posted To: MBS Commentary

1.90% has been the most important, most dangerous ceiling for 10yr Treasury yields ever since a nasty selling spree stalled out there exactly 2 months ago. We'd been able to avoid an outright confrontation until last week's trade deal optimism and bond supply concerns prompted a surge all the way up to 1.973%. When yields are approaching a bigger-picture technical level such as 1.90%, I like to look for another level above that to allow some room for overrun. This is useful in cases where the technical level is treated as a cue for buyers to jump back into the market (because they will often wait until the most obvious technical level is actually broken). In the current case, 1.94% made the most sense due to its role as a floor back in early July. Although we saw slightly higher yields…(read more)

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MBS Week Ahead: Bonds Staging at 2019's Most Important Crossroads
MBS Week Ahead: Bonds Staging at 2019's Most Important Crossroads

Compensation, Sales, Underwriting Tools; Tariffs, Trade, and Rate Primer

Posted To: Pipeline Press

Everyone has a different opinion about the economy. “Nobody’s right, if everybody’s wrong” or “Everybody’s right (eventually), if nobody’s wrong.” How many times do we hear, “Even if interest rates are low, tight lending and high home prices stand as barriers to potential buyers.” Global central banks are taking a wait-and-see attitude toward further interest rate cuts, with rates in Europe and Japan already in negative territory. The slowdown in rate cutting includes emerging market central banks. Fannie Mae is out with its housing forecasts for 2020 expecting 30-year fixed rates will continue to fall, hitting 3.5% by the end of 2020, and home prices will rise about 4%. Fannie expects housing starts to be flat in 2020 compared to…(read more)

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Compensation, Sales, Underwriting Tools; Tariffs, Trade, and Rate Primer
Compensation, Sales, Underwriting Tools; Tariffs, Trade, and Rate Primer

Leuthold's Paulsen: Economic data is driving bond yields, stock prices higher

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The markets have been skittish, waiting for concrete signs of a U.S.-China trade deal. Jim Paulsen, chief investment strategist at the Leuthold Group, and Tom Farley, chairman and CEO of Far Point and former NYSE president, join "Squawk Box" to discuss the markets, including why Paulsen says there's more room to run for both the stock market and bond yields.

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Leuthold's Paulsen: Economic data is driving bond yields, stock prices higher
Leuthold's Paulsen: Economic data is driving bond yields, stock prices higher

Boockvar: "The economy's slowing, and we have to deal with that reality"

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Peter Boockvar, CIO at Bleakley Advisory Group and CNBC contributor, talks markets, stalled economic growth and the likelihood of a contraction.

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Boockvar: "The economy's slowing, and we have to deal with that reality"
Boockvar: "The economy's slowing, and we have to deal with that reality"

The markets think we're in a trade truce, strategist says

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Ruchir Sharma, global chief strategist for Morgan Stanley Investment Management, joins "Squawk Box" to discuss the U.S.-China trade talks and their impact on the markets.

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The markets think we're in a trade truce, strategist says
The markets think we're in a trade truce, strategist says

Lowered Expectations; Rates at 3-Month Highs; Affordability Highest in 3 Years

If you don’t expect anything good to happen for the bond market for the next few months, I guarantee you won’t be disappointed. If, however, you expect to see a normal amount of resilience and a continued willingness on the part of rates to operate with a 3% handle in the 30yr fixed mortgage world, I cannot make that same guarantee. Grim stuff, I realize, but fortunes wax and wane when it comes to big-picture bond market momentum. Fortunes waxed bigtime throughout 2019 and it increasingly looks like the bill is due. If you’re new to my commentary, this narrative has been in place since mid October when rates failed to make it back to September’s lows. All of the above having been said, I can’t unequivocally guarantee that we’ve entered a new rising rate trend that will last at least another
Lowered Expectations; Rates at 3-Month Highs; Affordability Highest in 3 Years
Lowered Expectations; Rates at 3-Month Highs; Affordability Highest in 3 Years

An increasing number of buyers are purchasing homes with their friends

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The number of people buying homes with friends has doubled in the last year. CNBC's Diana Olick reports on what's behind the numbers.

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An increasing number of buyers are purchasing homes with their friends
An increasing number of buyers are purchasing homes with their friends

Housing Affordability at Best Levels in Three Years

Posted To: MND NewsWire

One year after hitting a ten-year low, housing affordability has risen to its highest level in three years. Rose Quint, writing in the National Association of Home Builders Eye on Housing Blog , says 63.6 percent of new and existing homes sold in the third quarter of this year were affordable to households earning the U.S. median income of $75,500. It was exactly one year ago when Quint wrote that only 56.4 percent homes sold during Q3 of 2018 were affordable to families who were earning the then current median income of $71,000. At that point the prevailing interest rate was 4.72 percent and the median home price was $268,000. The NAHB/Wells Fargo Housing Opportunity Index (HOI) had risen to reflect 60.9 percent affordability by the second quarter of this year. The improved affordability is…(read more)

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Housing Affordability at Best Levels in Three Years
Housing Affordability at Best Levels in Three Years