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Zillow Adds Agent Hub to Online Offerings

Rolling out a new online platform for real estate agents, Zillow, Inc., recently announced the launch of Agent Hub. Zillow's tool will give users a place to find and manage information from the website in one location. Additionally, the CRM platform automatically saves leads and connections accrued via Zillow, allowing agents to make individual notations and track high-priority contacts. Other benefits provided through Agent Hub include an analytics dashboard for monitoring listings and agent profiles and metrics.

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Cleveland Fed Forecasts Uncertainty for Nation’s Fiscal Future

Fed

The Federal Reserve Bank of Cleveland has released its spring Forefront report addressing the budget shortfalls throughout the U.S. Examining the risk that weakening public finances have on specific regions of the country, the Cleveland Fed is forecasting an uncertain future for the country's financial stability. The pension funds, which would deliver a shock to the broader financial system upon failure, appear more stable than previous reports have suggested. The bank evaluated bank capital requirements and tax system tradeoffs.

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Tradeweb Reaches Benchmark for TBA-MBS Trades

Touting its unique platform, Tradeweb Markets LLC has announced that the company recently reached a new benchmark, with more than $1 trillion in mortgage securities risk offset through the use of its trading technology. Tradeweb credits the company's new round-robin functionality of its programs for its success in the to-be announced-mortgage-backed securities (TBA-MBS) market.

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Financial Literacy Day Offers Consultation to Congressional Employees

Capitol Hill staffers are getting a chance to learn more about the Certified Financial Planner Board of Standards, Inc. The company recently announced that it will hold a free clinic for Congressional employees on Tuesday, April 17. The financial planning initiative from CFP is part of the 2012 Financial Literacy Day, which was organized by Jump$tart Coalition for Personal Financial Literacy. Through the clinic, CFP will offer one-on-one personal finance consultation for participants. Attendees for the CFP event will gain advice on mortgages, debt management, and more.

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The Fed’s Beige Book Sees Modest to Moderate Growth

Fed

The economy continued to expand at a modest to moderate pace from mid-February through late March, the Federal Reserve said Wednesday in its periodic Beige Book. The central bank reported faster and solid growth in Kansas City and Minneapolis but moderate or modest growth in Boston, Atlanta, Chicago, Dallas, San Francisco Cleveland, and St. Louis. New York reported economic growth picked up somewhat while Philadelphia and Richmond cited improving business conditions. Banking conditions remained stable, the Beige Book said, with modest improvements in demand for lending.

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Mortgage Rates Dip as Job Numbers, Spain Disappoint

Mortgage rates fell to lows not seen in a month on the heels of an underwhelming jobs report and concerns that Spain may follow Greece into default-scenario territory. Real estate Web site Zillow found interest rates for the 30-year fixed-rate mortgage zigzagging across the country, just as it fell from 3.81 percent to 3.73 percent this week. Rates for the 15-year loan hovered near 2.95 percent, while those for 5-year and 1-year adjustable-rate mortgages slumped to 2.56 percent. The Labor Department flattened expectations by reporting that the economy added only 120,000 jobs in March.

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CFPB Set to Propose New Rules for Mortgage Servicers

The Consumer Financial Protection Bureau steamed ahead with proposals for new rules Tuesday that would require mortgage servicers to notify homeowners about changes to their interest rates and insurance policies. The CFPB said it would publish proposals for the rules this summer and seek to finalize them by January next year. Under the new rules, servicers would need to tally up mortgage payments for homeowners every month, issue notifications about interest-rate changes for many adjustable-rate mortgages, and stay transparent about so-called force-placed insurance policies.

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Calyx Adds New Account Sales Professional

Mortgage solutions company Calyx Software has announced the addition of a new account sales representative. Calyx recently revealed that Jim Dymek has joined its roster of sales professionals. [IMAGE] In his new role for the company, Dymek will focus on small-to-midsize lenders.

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RFC Adds Industry Veteran as Director of Operations

Residential Finance Corporation has hired a new director of operations for the company's recently opened location in Charlotte, North Carolina. The national mortgage lender has named industry veteran Leslie Bondy to the leadership position for RFC. With more than 20 years of industry experience, Bondy will be responsible for all mortgage lending operations in RFC's Charlotte branch. Her duties encompass processing, underwriting, and closing loans for the company. Bondy joins RFC from her previous role as a senior program manager and operations director for Zenta Mortgage Services.

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DocuTech Hires New Document Compliance Leaders

In Idaho, DocuTech has added two new team members within its mortgage document compliance division. The company recently hired Sandra Griebe to head up DocuTech's integration team, along with appointing Gregg Holsapple as vice president of product management. Griebe joins DocuTech as the company's director of integrations for its mortgage document compliance software. In her new role, Griebe will be responsible for managing and improving integration operations with national technology partners, ensuring that users benefit from simple access methods and product offerings.

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