Mortgage Market Updates

	The Real Estate Agent Bust
	Way back in 2005, I posted a graph of "the Real Estate Agent Boom". I saw the following article, and decided to update the graph of the number of real estate licensees in California. Eric Wolff at the NC Times writes:

	Unofficial Problem Bank list increases to 928 Institutions
	This is an unofficial list of Problem Banks compiled only from public sources. Here is the unofficial problem bank list for May 18, 2012. (table is sortable by assets, state, etc.) Changes and comments from surferdude808: The OCC released its actions through mid-April 2012, which contributed to many changes in the Unofficial Problem Bank List

	Quarterly Housing Starts by Intent compared to New Home Sales
	We can't directly compare single family housing starts to new home sales. For starts of single family structures, the Census Bureau includes owner built units and units built for rent that are not included in the new home sales report. For an explanation, see from the Census Bureau: Comparing New Home Sales and New Residential Construction We are often a

	Schedule for Week of May 20th
	Earlier: • Summary for Week Ending May 18th There are two key housing reports to be released this week: April existing home sales on Tuesday, and April new home sales on Wednesday. Other key reports include durable goods on Thursday, and two regional manufacturing surveys. Note: The FDIC might release the Q

Summary for Week of May 18th

The headlines last week were once again mostly about Europe and Greece, especially the possibility of Greece exiting the euro (aka "Grexit") after the next election on June 17th. The outcome of the election is uncertain, although most Greeks and European policymakers would like Greece to stay in the euro. One thing is certain, Greece will be in the headlines for at least another month.

Most of the US economic data was at or abov

	Van Rompuy Statement: "Stay the course" in Europe, "Pro-growth agenda" in June
	Remarks from Herman Van Rompuy, President of the European Council prior to the G8 summit: This G8 summit comes at a time of significant challenges to the world economy, and for Europe in particular. As far as Europe is concerned, my message is straightforward: we are determined to stay the course. We will pursue our com

2010 Crow Canyon Place, Suite 190 San Ramon CA 94583 (800) 334-8164, (925) 248-9200, ext. 123 Fax: (925) 884-8777
Keith Bauer NMLS #289664

© 2012 W.J. Bradley Mortgage Capital, LLC 6465 Greenwood Plaza Blvd, Suite 500, Centennial, CO 80111 Phone #303-825-5670. NMLS ID 3233. Trade/service marks are the property of W.J. Bradley Mortgage Capital, LLC. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states. WJB is not acting on behalf of or at the direction of HUD/FHA or the federal government.

AZ License # BK-0903998; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act RML# 4131002; To check the license status of your CO Mortgage Broker, visit www.dora.state.co.us/real-estate/index.htm Colorado Supervised Lender License #991424; Florida Mortgage Lender Servicer license #MLD738; ID Mortgage Broker License No. MBL-2803; IL Residential Mortgage Licensee – License #MB.6760738, 6465 Greenwood Plaza Blvd., Suite 500, Centennial, CO 80111; MN Residential Mortgage Originator License No. 20447094; NV Mortgage Banker License No. 2061; NV Mortgage Broker License No. 504; NM Mortgage Loan Company and

Loan Broker Act Reg. No. 01856; OK Mortgage Broker – License No. MB001365; OR Mortgage Lender License No. ML-776; TX Mortgage Banker Reg. No. 74182; UT Mortgage Lender Company License No. 5495659-NMLC;Utah Consumer Credit Notification; Vermont Lender License #6141; WA Consumer Loan License No. CL-3233; Wisconsin Mortgage Banker License No. 699991. NMLS consumer access: www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/3233.

Privacy Statement