KBW: 2013 recession looms without fiscal cliff fix --

A fiscal cliff scenario in early 2013 would stifle gains made in the mortgage finance and housing sectors while thrusting the U.S. economy into another recession, KBW analysts said Wednesday. 

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Jobless claims fall by 26,000 --

The report ends days of negative economic data in the wake of the Fed’s decision to launch another round of quantitative easing to stimulate job creation.

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Forget the flood of desirable foreclosures: Pro Teck --

Anyone waiting to find their dream home in the perfect neighborhood at record low prices is likely to be disappointed, real estate analytics firm Pro Teck Valuation Services said. The shadow inventory includes many less desirable homes. Homes that are desirable are likely to become targets in bidding wars.

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Mortgage rates plummet to new lows --

The 30-year, FRM averaged 3.4% for the week ending Thursday, breaking through it’s all-time low set in July and falling from last week’s 3.49%. All mortgage products, except the 5-year adjustable-rate mortgage, averaged all-time lows.

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More borrowers used private mortgage insurance in August: MICA --

MICA found that 43,949 borrowers used private mortgage insurance in August as part of their real estate transactions, up from 39,192 in July. The member companies had $ 397.5 billion in primary mortgage insurance in the most recent report, up slightly from $ 396.4 billion in July.

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