Seasonal Home Price Surge, Existing Home Inventory Up, Underwriting Temptation, FNMA Payback, Reverse Growth, Jumbo Guidelines, Purchase App strength, Housing Inventory Declines, Case Shiller Prediction, Interest Deduction, Japan QE, Wells Fargo, Bond Market Technicals

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Redfin: Spring Season Kicks Off with Surge in Prices, Flat Inventory – BY: TORY BARRINGER – The seasonal surge in home sales combined with another drop in listings to further drive up prices in March, Redfin observed in its latest Real-Time Price Tracker. – The M Report 
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Existing Home Inventory is up 9.6% year-to-date on April 15th – by Bill McBride – Calculated Risk  
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(temptation once refi volumes drop) When will mortgage lending standards ease? – by Tim Manni – US News – HSH.com Blog 
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Fannie Mae CEO: Taxpayers Will Get Their Money Back and Then Some – By MEG HANDLEY – … “Given the strength of our future profitability, [it is] possible that we will be able to pay dividends that would be equal to or greater than the amount of money that we’ve received from the Treasury Department,” Mayopoulos said. Since 2008, Fannie Mae has paid back almost $36 billion of the $116 billion in bailout funds it received …US News 
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Credit Ratings Group Says Reverse Mortgage Market Could Grow Rapidly – by Elizabeth Ecker – The reverse mortgage market could “grow rapidly,” according to a brief from credit ratings firm DBRS, leading the company to follow the market closely and help work toward ensuring the safety and sustainability of reverse mortgage product … – Reverse Mortgage Daily 
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(what jumbo lenders look at) Bigger Loans Mean Tougher Requirements – By ANYA MARTIN – Jumbo loans often come in three sizes: small, medium and large. The bigger the loan size, the tougher the lending requirements. – Wall Street Journal

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4 Housing Recovery Investment Trends – Dodd Kitsley – Seeking Alpha 
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Study: Purchase Applications Outpacing Refinances in Six States – BY: TORY BARRINGER – The M Report

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Report: Housing Inventory declines 15% year-over-year in March – by Bill McBride – From Realtor.com: Realtor.com March data indicates that the amount of homes on the market showed a modest increase since February 2013. In March, the total number of single-family homes, condos, townhomes and co-ops for sale in the U.S. (1,529,432) increased by 2.36 percent month-over-month. On an annual basis, however, inventory decreased by 15.22 percent. – Calculated Risk 
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Zillow forecasts Case-Shiller House Price index to increase 8.9% Year-over-year for February – by Bill McBride – The Case-Shiller house price indexes for February will be released Tuesday, April 30th. Zillow has started forecasting the Case-Shiller a month early – and I like to check the Zillow forecasts since they have been pretty close. – Calculated Risk

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How might the home mortgage interest deduction be changed?OC Housing News 
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Bank of Japan QE fuels hope of US bond bonanza – By Danielle Robinson – (IFR) – Japan’s monetary easing has prompted a jump in Japanese investor cash being earmarked for the US corporate bond markets in the past week, fuelling hopes that it will turn into a wall of funds in the coming months that will be enough to stave off a market meltdown if rates rise. – Reuters
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Wells Fargo CEO Sees Housing Shortage Helping Mortgage Results – By Dakin Campbell – … Stumpf and Chief Financial Officer Timothy Sloan sought to assuage the concerns of analysts including Morgan Stanley’s Betsy Graseck and Paul Miller of FBR Capital Markets Corp. about whether the bank can withstand a slowdown in the refinancing market. San Francisco-based Wells Fargo got 23 percent of its first-quarter fee income from writing mortgages for purchases and refinancings. …Bloomberg 
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(technical analysis) Is This Why Bill Gross Is Now Buying Government Bonds? – Doug Short – Seeking Alpha

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