Game Change

TheMReport — News and strategies for the evolving mortgage marketplace.

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from the source Sizzling Finds for a Hot Industry The news of late points to an industry that's heating up as the mercury rises, and there's plenty of content on the Internet to keep industry professionals abreast of what's cool during this warm time. WATCH THIS SHARE THIS "Mortgage Rates Hit Refi's" Applications to refinances fell 16 percent week-to-week after the seasonally adjusted numbers, according to recent data as reported by CNBC's Diana Olick. Refi's are now comprising 64 percent of mortgage applications. Purchase applications fell by 3 percent because of affordability. Applications for new home purchases continue to move sideways, according to some analysts. As a result, some of the experts examining the market expect that homeowners will continue to gobble up properties in anticipation of rising rates. "Fair Housing Policy Matters," by Gregory D. Squires and Samantha Friedman, explores the topic of housing discrimination in depth after a recent spate of studies were released by HUD regarding prejudice in housing. The two argue that the industry needs to shift focus on creating policy that moves beyond the Fair Housing Act to create sustainable policy for homeowners regardless of gender, ethnic group, or sexual preference. gregory-d-squires/fair-housing-policymatte_b_3533047.html READ THIS TWEET THIS @CoreLogicEcon is a feed ripe with information useful to just about anyone working in the housing space. The feed is a direct pipeline to the latest data produced by CoreLogic and highlights important economic trends in the industry with links to analysis to put the numbers in context. Analysts weigh in from time to time in the form of a re-tweet, but the information is primarily proprietary to the company's research division. Check out the feed for daily insight on important news. "LIKE" THIS ∂ Money360 is a helpful page that allows visitors to compare hundreds of mortgage lenders and offers a primer on mortgage banking for those new to the industry. The page boasts links to relevant info with a particular emphasis on the fluctuating interest rates. Visitors participate regularly on the page, which is updated frequently and features a great deal of user input. Money360's aim is to reduce the gap between lenders and borrowers, allowing them to engage on the popular social networking site. The Prosperity Principles: Secrets to Developing and Maintaining Generational Wealth The economy is still struggling to rebound, but there are continued signs of hope emerging, largely because Americans are beginning to look at their finances differently. So, Tanya Marchiol's book The Prosperity Principles is a timely tome of useful tidbits that serve as reminders for those who have weathered the financial storm or new nuggets of information for those trying to get back on course. She asks the reader to look at five financial principles and use those to guide their habits surrounding money. The book is ideal for those in the industry and the clients they serve. The M Report | 7

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