Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
2,000,000
# of Visitors Per Month
Select a Date
Use the calendar to view news headlines from a specific date.
Today  |  Yesterday  |  Random
Bottom Right Default
State Name: New Jersey
State Name underscore: New_Jersey
State Name dash: New-Jersey
State Name lower underscore: new_jersey
State Name lower dash: new-jersey
State Name lower: new jersey
State Abbreviation: NJ
State Abbreviation Lower: nj
Suggest a Story
Paste the URL of the story below to submit for editorial review and possible inclusion in ATW.
Please add 7 and 6 and type the answer here:
Leave this field blank.
What is Around the Web?
It is a continuously updated stream of news from around the web
Visit throughout the day for the latest breaking news.
» Click any link below to read more.
  • Thu, Oct 11 2018
  • 2:10 PM » Call 'em crazy, but Fed officials likely to keep raising rates
    Published Thu, Oct 11 2018 2:10 PM by Reuters
    A stock sell-off, rising trade tension with China, slower global growth and verbal pressure from the White House are unlikely to dent the U.S. Federal Reserve's rate hike plans in an economy performing in line with the central bank's forecasts.
  • 2:09 PM » Warren Buffett on why interest rates matter so much for investing
    Published Thu, Oct 11 2018 2:09 PM by CNBC
    Warren Buffett explained the importance of bond yields in determining stock valuations.
  • 2:09 PM » Spring's Fastest Markets are Slowing Down this Fall
    Published Thu, Oct 11 2018 2:09 PM by www.redfin.com
    Seattle, San Jose and Denver-among the nation's fastest housing markets-are seeing a dramatic slowdown, with as little as one in three homes going under contract within 14 days, down from two in three earlier this year. As the housing market heated up this spring there were fourteen metro areas around the country (see chart below) […] The post Spring's Fastest Markets are Slowing Down this Fall appeared first on Redfin Real-Time .
    Click Here to Read the Full Article

    Source: www.redfin.com
  • 1:26 PM » Stocks May Have to Tumble 20% Before 'Fed Put' Comes Into Play
    Published Thu, Oct 11 2018 1:26 PM by Bloomberg
    Bloomberg Stocks May Have to Tumble 20% Before 'Fed Put' Comes Into Play Bloomberg Anyone expecting the Federal Reserve to save the markets is likely to be disappointed unless things get a lot worse. While yesterday's 3.3 percent drop in the S&P 500 Index was the biggest since February, it will take a correction of at least 10 ...
  • 1:25 PM » Trump calls 'loco' Federal Reserve 'too aggressive'
    Published Thu, Oct 11 2018 1:25 PM by Reuters
    U.S. President Donald Trump launched a second day of criticism against the Federal Reserve on Thursday, calling its interest rate increases a "ridiculous" policy that was making it more expensive for his administration to finance its escalating deficits.
  • 1:23 PM » Gundlach says it's a 'myth' that the Fed is truly independent, not surprised by Trump's comments
    Published Thu, Oct 11 2018 1:23 PM by CNBC
    Gundlach says it's a 'myth' that the Fed is truly independent, not surprised by Trump's comments|| 105501612
  • 1:23 PM » Bond King Gundlach: 30-year yield could rise above 4%, 10-year rate to 3.6% before this move ends
    Published Thu, Oct 11 2018 1:23 PM by CNBC
    Bond King Gundlach: 30-year yield could rise above 4%, 10-year rate to 3.6% before this move ends|| 105501662
  • 11:49 AM » This Week's Podcast: The CFPB Under New Leadership: What Has Changed?
    Published Thu, Oct 11 2018 11:49 AM by www.consumerfinancemonitor.com
    In this week's podcast, Ballard Spahr partners Alan Kaplinsky and Chris Willis examine how the CFPB has changed under the leadership of Acting Director Mick Mulvaney and their expectations for future developments. Alan and Chris discuss the practical impact of Mr. Mulvaney's leadership on the CFPB's day-to-day operations in the areas of supervision and enforcement,... Continue Reading
    Click Here to Read the Full Article

    Source: www.consumerfinancemonitor.com
  • 11:24 AM » BOJ Bond-Buying Set for Slowest Pace in Kuroda Era, Goldman Says
    Published Thu, Oct 11 2018 11:24 AM by Bloomberg
    Bloomberg BOJ Bond-Buying Set for Slowest Pace in Kuroda Era, Goldman Says Bloomberg If the Bank of Japan's "stealth tapering" of its asset purchase program were to continue at the current pace, it would need to revise its monetary easing policy within the next two years, according to Goldman Sachs Group Inc. By the end of 2019, the ...
  • 11:02 AM » Wells Fargo to issue first mortgage bond since crisis, comprised of top quality jumbo loans with average 779 credit score
    Published Thu, Oct 11 2018 11:02 AM by The Basis Point
    This is the highest credit score quality securitization Fitch has rated since the crisis. The post Wells Fargo to issue first mortgage bond since crisis, comprised of top quality jumbo loans with average 779 credit score appeared first on The Basis Point .
    Click Here to Read the Full Article

    Source: The Basis Point
  • 10:45 AM » Larry Kudlow says the Fed is independent and the president is not dictating policy to central bank
    Published Thu, Oct 11 2018 10:45 AM by CNBC
    Larry Kudlow, director of the National Economic Council, spoke Thursday to CNBC about the current state of the economy and its impact on markets.
  • 10:29 AM » Westchester Homebuyers Find a Way to Get Around New Tax Burdens
    Published Thu, Oct 11 2018 10:29 AM by Bloomberg
    Westchester Homebuyers Find a Way to Get Around New Tax Burdens Bloomberg The highest property taxes in the nation and new federal limits on deductions have scared many homebuyers from New York's tony Westchester County. Now, some have discovered a workaround -- buy multifamily. Purchases of two- to four-family houses ...
  • 10:04 AM » Investor Barry Sternlicht worries about a recession signal and an economy not as strong as it appears
    Published Thu, Oct 11 2018 10:04 AM by CNBC
    The Starwood Capital CEO says there are a number of negative factors contributing to his unease about the state of U.S. economy.
  • 9:45 AM » Cost of Living Adjustment increases 2.8% in 2019, Contribution Base increased to $132,900
    Published Thu, Oct 11 2018 9:45 AM by Calculated Risk Blog
    With the release of the CPI report this morning, we now know the Cost of Living Adjustment (COLA), and the contribution base for 2019. From Social Security: Social Security Announces 2.8 Percent Benefit Increase for 2019 Social Security and Supplemental Security Income (SSI) benefits for more than 67 million Americans will increase 2.8 percent in 2019, the Social Security Administration announced today. The 2.8 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 62 million Social Security beneficiaries in January 2019. Increased payments to more than 8 million SSI beneficiaries will begin on December 31, 2018. (Note: some people receive both Social Security and SSI benefits). The Social Security Act ties the annual COLA to the increase in the Consumer Price Index as determined by the Department of Labor's Bureau of Labor Statistics. Some other adjustments that take effect in January of each year are based on the increase in average wages. Based on that increase, the maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $132,900 from $128,400. Currently CPI-W is the index that is used to calculate the Cost-Of-Living Adjustments (COLA). Here is a discussion from Social Security on the current calculation (2.8% increase) and a list of previous Cost-of-Living Adjustments . The contribution and benefit base will be $132,900 in 2019. The National Average Wage Index increased to $50,321.89 in 2017, up 3.5% from $48,642.15 in 2016 (used to calculate contribution base).
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:41 AM » US inflation slows in September on rental costs, energy
    Published Thu, Oct 11 2018 8:41 AM by CNBC
    U.S. Consumer Price Index was expected to rise 0.2 percent in September, in line with the previous month's increase.
  • 8:40 AM » Weekly Initial Unemployment Claims increased to 214,000
    Published Thu, Oct 11 2018 8:40 AM by Calculated Risk Blog
    The DOL reported : In the week ending October 6, the advance figure for seasonally adjusted initial claims was 214,000, an increase of 7,000 from the previous week's unrevised level of 207,000. The 4-week moving average was 209,500, an increase of 2,500 from the previous week's unrevised average of 207,000. emphasis added The previous week was unrevised. The following graph shows the 4-week moving average of weekly claims since 1971. Click on graph for larger image. The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims increased to 209,500. This was higher than the the consensus forecast. The low level of claims suggest few layoffs.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:33 AM » IMF's Lagarde warns against trade, currency wars, urges fix to global rules
    Published Thu, Oct 11 2018 8:33 AM by Reuters
    IMF's Lagarde warns against trade, currency wars, urges fix to global rules
  • 8:06 AM » IMF chief defends Powell after Trump says Fed has 'gone crazy': CNBC
    Published Thu, Oct 11 2018 8:06 AM by Reuters
    International Monetary Fund Managing Director Christine Lagarde said she "would not associate" Federal Reserve Chairman Jerome Powell "with craziness" after U.S. President Donald Trump commented that the central bank, which has been raising U.S. interest rates, had "gone crazy," CNBC reported on Thursday.
  • Wed, Oct 10 2018
  • 3:04 PM » Seattle Real Estate in September: Sales Down 29% YoY, Inventory up 78% YoY
    Published Wed, Oct 10 2018 3:04 PM by Calculated Risk Blog
    The Northwest Multiple Listing Service reported Balance "finally returning" to housing market as buyers welcome more choices, moderating prices Housing inventory continued to improve during September while the pace of sales slowed in many counties served by Northwest Multiple Listing Service. "Balance is finally returning to the market, and with it, slowing home price growth," stated OB Jacobi, president of Windermere Real Estate. A new report from Northwest MLS shows double-digit increases in inventory in several of the 23 counties it serves, led by a 78 percent year-over-year gain in King County . Despite improving selection in the central Puget Sound region, a dozen counties reported drops in the number of active listings compared to last year. System-wide, the month ended with 2.56 months of supply of single family homes and condos, well below the 4-to-6 months analysts use as an indicator of a balanced market between sellers and buyers. The current level is the highest since February 2015 when member-brokers reported 3.56 months of inventory. In King County, supply exceeded two months for the first time since January 2015. Closed sales also reflected slower activity. Members reported 7,630 completed transactions during September, down 18.6 percent from the year-ago volume of 9,371. Through nine months, this year's closings are down 4.4 percent compared to 2017. [ King County sales down 28.5% YoY ] emphasis added This is another market with inventory increasing sharply year-over-year, but months-of-supply in Seattle is still on the low side at 2.8 months.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 2:55 PM » Houston Real Estate in September: "Market Cools"
    Published Wed, Oct 10 2018 2:55 PM by Calculated Risk Blog
    From the HAR: The Houston Housing Market Cools in September After a sizzling summer of home sales and rentals, the Houston housing market cooled in September, showing no apparent lingering effects of Hurricane Harvey as it did in August. According to the latest monthly report from the Houston Association of REALTORS® (HAR), 6,548 single-family homes sold in September compared to 6,953 a year earlier. That represents a 5.8-percent decline. On a year-to-date basis, however, home sales are running 5.6 percent ahead of 2017's record volume. ... September sales of all property types totaled 7,842, a 4.4-percent decrease over the same month last year . ... Total active listings, or the total number of available properties, climbed 5.7 percent to 41,560 . emphasis added Another market with sales down and inventory up.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 2:51 PM » Bond ETF Outflows Suggest No More 'Crying Wolf' on US Rates
    Published Wed, Oct 10 2018 2:51 PM by Bloomberg
    Bloomberg Bond ETF Outflows Suggest No More 'Crying Wolf' on US Rates Bloomberg Bond investors are running from anything that smells of interest-rate risk. Investors pulled billions of dollars from exchange-traded funds that track longer duration fixed-income plays, as Treasury yields resumed their upward march. In fact, the top ... and more »
  • 12:49 PM » Not just student loans: Millennials are also loading up on this kind of debt
    Published Wed, Oct 10 2018 12:49 PM by CNBC
    Personal loans are becoming popular among borrowers who are 35 and under, according to new data from LendingPoint.
  • 12:48 PM » Equities slide to three-month low as tech stocks plunge
    Published Wed, Oct 10 2018 12:48 PM by Reuters
    World equities fell more than 1 percent on Wednesday, sliding to three-month lows, as technology shares slumped on fears of slowing demand, while rising U.S. bond yields made stocks less compelling.
  • 11:55 AM » Cramer predicts Fed chief Powell could 'walk back' the recent rate comments that jolted Wall Street
    Published Wed, Oct 10 2018 11:55 AM by CNBC
    "All he has to do is say, 'You know what, I think that everything is on the table," CNBC's Jim Cramer says.
  • 11:21 AM » Italy Wakes Up to Bond Spreads Again in Throwback to Crisis Days
    Published Wed, Oct 10 2018 11:21 AM by Bloomberg
    Bloomberg Italy Wakes Up to Bond Spreads Again in Throwback to Crisis Days Bloomberg "Lo spread" entered Italian vernacular in 2011, when the country was struggling to survive the European debt crisis. Seven years later, financial tensions are rising again and the gap between Italy's 10-year bond yields and Germany's is back in the ... and more »
  • 9:17 AM » Travelers to sell smart home solutions on Amazon, offers insurance discounts after purchase
    Published Wed, Oct 10 2018 9:17 AM by CNBC
    Travelers' digital insurance storefront is the first of its kind on Amazon's website, according to the company.
  • 8:58 AM » U.S. producer prices rebound in September
    Published Wed, Oct 10 2018 8:58 AM by Reuters
    U.S. producer prices increased 0.2 percent in September, reversing an unexpected decline in August and in line with expectations.
  • 8:07 AM » Fed policymaker says clarity key to avoiding global disruptions
    Published Wed, Oct 10 2018 8:07 AM by Reuters
    As the Federal Reserve keeps raising interest rates in a strong U.S. economy, transparency and open communications will be key to avoiding market disruptions and misunderstanding in other countries, an influential Fed policymaker said on Wednesday.
  • 8:05 AM » Here is why investors should quit worrying about rising interest rates
    Published Wed, Oct 10 2018 8:05 AM by CNBC
    Sellers have been worried about the sharp rise in interest rates but even if rates continue to rise through October, history shows there may not be anything to be afraid of.
  • 8:04 AM » US Financials Aren't Rising With Yields, in an Ominous Omen
    Published Wed, Oct 10 2018 8:04 AM by Bloomberg
    Bloomberg US Financials Aren't Rising With Yields, in an Ominous Omen Bloomberg In an ominous sign for U.S. equity bulls, financial shares are failing to capitalize on the steepening Treasury yield curve, and are even lagging behind the equally interest-rate sensitive utilities sector. During the most recent move in Treasuries ...
  • Tue, Oct 9 2018
  • 4:21 PM » Trump says he doesn't like what the Fed is doing, central bank is going too fast in raising rates
    Published Tue, Oct 09 2018 4:21 PM by CNBC
    Trump says he doesn't like what the Fed is doing, central bank is going too fast in raising rates<br/>https://www.cnbc.com/2018/10/09/trump-says-he-doesnt-like-what-the-fed-is-doing-central-bank-is-going-too-fast-in-raising-rates.html
  • 2:35 PM » Inflation Expectations Are Still Giving the Fed a Green Light
    Published Tue, Oct 09 2018 2:35 PM by Bloomberg
    Bloomberg Inflation Expectations Are Still Giving the Fed a Green Light Bloomberg Inflation may be gradually climbing higher, but Federal Reserve Chairman Jerome Powell's guiding light -- inflation expectations -- look like they are still well anchored. Expectations for inflation one and three years in the future were steady in ... and more »
  • 1:15 PM » Q3 Review: Ten Economic Questions for 2018
    Published Tue, Oct 09 2018 1:15 PM by Calculated Risk Blog
    At the end of last year, I posted Ten Economic Questions for 2018 . I followed up with a brief post on each question. The goal was to provide an overview of what I expected in 2018 (I don't have a crystal ball, but I think it helps to outline what I think will happen - and understand - and change my mind, when the outlook is wrong). By request, here is a quick Q3 review. I've linked to my posts from the beginning of the year, with a brief excerpt and a few comments: 10) Question #10 for 2018: Will the New Tax Law impact Home Sales, Inventory, and Price Growth in Certain States? My sense is the low end of the housing market will be fine. The Mortgage Interest Deduction (MID) will be capped at interest on a mortgage up to $750,000 instead of $1,000,000, so the lower priced markets will not be hit by the reduction in the MID. There might be some additional taxes for these buyers due to the limits on SALT and property taxes, but this should be minor. I also expect the high end of the market to be fine. The high end is already doing well even with the MID capped at $1 million. For these buyers, the bigger impact will be the SALT and property tax limitations, but there will be offsets for these buyers due to the lower rates - and these buyers will likely benefit from the corporate tax cuts.  Many of these buyers will also benefit from the changes to the Alternative Minimum Tax (AMT). It is the upper-mid-range in the certain markets that will probably slow.  This might be in the $750,000 to $1.5 million price range.  These potential buyers probably don't benefit from the AMT or corporate changes, but they will likely be hit by the SALT and property tax limits.  There isn't any clear evidence of an impact from the new tax law, although many areas  are now seeing a year-over-year increase in inventory - and that suggests that price growth will slow. 9) Question #9 for 2018: Will housing inventory increase or decrease...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 12:44 PM » What I learned from 100 homeowners facing foreclosure in 2009
    Published Tue, Oct 09 2018 12:44 PM by www.redfin.com
    And, how my background in behavioral economics will inform my perspective as Redfin's chief economist The post What I learned from 100 homeowners facing foreclosure in 2009 appeared first on Redfin Real-Time .
    Click Here to Read the Full Article

    Source: www.redfin.com
  • 12:13 PM » Mortgage rates jump past 5%, signaling more home price cuts ahead
    Published Tue, Oct 09 2018 12:13 PM by CNBC
    Mortgage rates moved to the highest level in 8 years, and confidence in housing is now slipping. This as millennials are smack in the middle of their prime home buying years. Rates are expected to move even higher headed into next year.
  • 11:43 AM » Mortgage-Bond Investors Eyeing Hedge Before 'Pain Trade' Strikes
    Published Tue, Oct 09 2018 11:43 AM by Bloomberg
    Bloomberg Mortgage-Bond Investors Eyeing Hedge Before 'Pain Trade' Strikes Bloomberg Baron Rothschild famously said "the time to buy is when there's blood in the streets." For mortgage-bond investors, that time may be now. As interest rates reach multiyear highs, mortgage-backed securities traders are taking a hard look at buying ...
  • 10:52 AM » Fannie Mae: Mortgage Serious Delinquency rate decreased in August, Lowest since Sept 2007
    Published Tue, Oct 09 2018 10:52 AM by Calculated Risk Blog
    Fannie Mae reported that the Single-Family Serious Delinquency rate decreased to 0.82% in August, down from 0.88% in July. The serious delinquency rate is down from 0.99% in August 2017. These are mortgage loans that are "three monthly payments or more past due or in foreclosure".  The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%. This is the lowest serious delinquency for Fannie Mae since September 2007. Click on graph for larger image By vintage , for loans made in 2004 or earlier (3% of portfolio), 2.71% are seriously delinquent. For loans made in 2005 through 2008 (5% of portfolio), 4.74% are seriously delinquent , For recent loans, originated in 2009 through 2018 (92% of portfolio), only 0.34% are seriously delinquent. So Fannie is still working through poor performing loans from the bubble years. The increase late last year in the delinquency rate was due to the hurricanes - there were no worries about the overall market. I expect the serious delinquency rate will probably decline to 0.5 to 0.7 percent or so to a cycle bottom. Note: Freddie Mac reported earlier.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:06 AM » 2 big things young people would sacrifice to buy a home—and 1 they can't live without
    Published Tue, Oct 09 2018 10:06 AM by CNBC
    Millennials and those in Generation Z have strong feelings about what they would and wouldn't give up to own their own place.
  • 9:35 AM » Bond market signaling 'sluggish or uncertain' growth ahead, Fed's Kaplan says
    Published Tue, Oct 09 2018 9:35 AM by CNBC
    The bond market is sending a pessimistic signal about the longer-term prospects of the U.S. economy, Dallas Federal Reserve President Robert Kaplan said Tuesday.
  • 8:52 AM » Small Business Optimism Index decreased slightly in September
    Published Tue, Oct 09 2018 8:52 AM by Calculated Risk Blog
    CR Note: Most of this survey is ideological noise, but there is some information, especially on the labor market and the "Single Most Important Problem". From the National Federation of Independent Business (NFIB): September 2018 Report: Small Business Optimism Index The NFIB Small Business Optimism Index continued its historic 23-month positive trend, with a reading of 107.9 in September , the third highest reading in the survey's 45-year history. .. A record net 37 percent of owners reported raising overall compensation , as reported in last week's NFIB monthly jobs report. This surpasses the previous record of a net 35 percent in May 2018. Twenty-four percent plan to increase total compensation at their firm and six percent plan reductions. Sixty-one percent of owners reported hiring or trying to hire, with 87 percent of those reporting few or no qualified workers. Thirty-eight percent of owners reported job openings they could not fill in the current period, unchanged from last month. Twenty-two percent of owners cited the difficulty of finding qualified workers as their Single Most Important Business Problem , down 3 points but historically very high. emphasis added Click on graph for larger image. This graph shows the small business optimism index since 1986. The index decreased to 107.9 in September. Note: Usually small business owners complain about taxes and regulations (currently 2nd and 3rd on the "Single Most Important Problem" list).  However, during the recession, "poor sales" was the top problem. Now the difficulty of finding qualified workers is the top problem.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
< Previous 1 2 3 4 5 Next > ... Last »
Did you know?
You can see a list of all comments on MND by clicking the 'Read the Latest Comments' option under the 'Community' menu.
 

More From MND

Mortgage Rates:
  • 30 Yr FRM 4.99%
  • |
  • 15 Yr FRM 4.47%
  • |
  • Jumbo 30 Year Fixed 4.42%
MBS Prices:
  • 30YR FNMA 4.5 102-08 (-0-04)
  • |
  • 30YR FNMA 5.0 104-08 (-0-03)
  • |
  • 30YR FNMA 5.5 105-25 (-0-04)
Recent Housing Data:
  • Mortgage Apps 0.03%
  • |
  • Refinance Index -0.10%
  • |
  • Purchase Index 0.12%