Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
33,878
# of User Comments
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 5 and 7 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.
  • Tue, Jul 19 2016
  • 2:42 PM » Expect the Housing Shortage to Get Worse
    Published Tue, Jul 19 2016 2:42 PM by www.realtor.com
    Builders, worried about the election and the world economy, applied for fewer new-home construction permits in June. And fewer homes means higher prices. The post This Just In: Expect the Housing Shortage to Get Worse appeared first on Real Estate News and Advice - realtor.com .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 2:42 PM » WSJ: "A rate increase could come as early as September if economic data hold firm"
    Published Tue, Jul 19 2016 2:42 PM by Calculated Risk Blog
    Jon Hilsenrath and Michael Derby write in the WSJ: Fed Officials Gain Confidence They Can Raise Rates This Year Officials are almost certain to leave rates unchanged when they meet July 26-27, according to their public comments and interviews with officials. But the message in their postmeeting policy statement could be that the economy is on a more solid footing than appeared to be the case when they last gathered in June, setting the stage for raising rates if the data hold up in the months ahead. Meanwhile Tim Duy writes at Bloomberg: Why the Fed Can't and Shouldn't Raise Interest Rates The Fed needs to remember that how they got into this policy stance may offer a lesson for how to get out. Policy makers cut rates to zero and then instituted quantitative easing. Now they should consider selling assets before raising rates. Or, at a minimum, utilizing a mixed strategy of rate hikes and asset sales. The objective of meeting the Fed's mandate in the context of maintaining financial stability may be unattainable using the interest rate tool and associated forward guidance alone. Unfortunately, the Fed does not appear to be debating the policy mix - at least not in public. They remain focused on interest rates, delaying balance sheet policy to a later date. On the current trajectory, however, that later date may never come.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 1:11 PM » I pay more than half my income in rent
    Published Tue, Jul 19 2016 1:11 PM by CNN
    Katie Mayo often pays $100 late fees to her landlord because she has to wait until payday to make rent.
  • 1:04 PM » More people put savings in cash, homes
    Published Tue, Jul 19 2016 1:04 PM by CNBC
    More Americans prefer real estate or cash to stocks and bonds.
  • 11:29 AM » Freddie Mac July 2016 Insight
    Published Tue, Jul 19 2016 11:29 AM by freddiemac.mwnewsroom.com
    Freddie Mac July 2016 Insight
    Click Here to Read the Full Article

    Source: freddiemac.mwnewsroom.com
  • 8:50 AM » Housing starts rise more than expected
    Published Tue, Jul 19 2016 8:50 AM by CNBC
    Housing starts rose more than expected, but a revision to the prior month's data pointed to a housing sector treading water in the second quarter.
  • 7:57 AM » ECB Fast Exhausting German Bonds for QE Buying as Yields Tumble
    Published Tue, Jul 19 2016 7:57 AM by Bloomberg
    Bloomberg ECB Fast Exhausting German Bonds for QE Buying as Yields Tumble Bloomberg The European Central Bank's bond-buying program will be scrounging for German debt within months, according to two of the region's banks. More than 60 percent of the nation's government debt yields less than the ECB's minus 0.4 deposit rate, based on a ... and more »
  • 7:57 AM » US Treasurys edge higher as equities, oil slip
    Published Tue, Jul 19 2016 7:57 AM by CNBC
    U.S. sovereign bond prices were higher Tuesday, as a global rally in equities faded and risk-aversion rose.
  • 7:56 AM » Morgan Stanley Says Year of the Bull Will Push U.S. Yield to 1%
    Published Tue, Jul 19 2016 7:56 AM by Bloomberg
    Morgan Stanley Says Year of the Bull Will Push U.S. Yield to 1% Bloomberg Morgan Stanley, which advised investors to bet on bonds before the U.K. vote to leave the European Union sent global debt markets surging, says Treasury yields are poised to extend their record lows. The 10-year yield will fall to 1.25 percent by Dec ... and more »
  • Mon, Jul 18 2016
  • 3:50 PM » How Quickly Will My House Sell?
    Published Mon, Jul 18 2016 3:50 PM by www.realtor.com
    Some new data put things into perspective for people looking to sell their homes. The post How Quickly Will My House Sell? appeared first on Real Estate News and Advice - realtor.com .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 1:40 PM » Millennials: First generation to earn less than their parents
    Published Mon, Jul 18 2016 1:40 PM by CNN
    Millennials: Brace yourself for some depressing news.
  • 12:38 PM » Fed Rate-Hike Bets Back on Table on Strong Economic Data
    Published Mon, Jul 18 2016 12:38 PM by Bloomberg
    Bloomberg Fed Rate-Hike Bets Back on Table on Strong Economic Data Bloomberg Traders are pricing in higher chances that the Federal Reserve will raise interest rates some time this year after U.S. economic reports including retail sales and industrial production signaled improving growth. They saw 44 percent probability the Fed ...
  • 12:34 PM » It's Not a Housing Bubble, It's Just Expensive
    Published Mon, Jul 18 2016 12:34 PM by Bloomberg
    Bloomberg It's Not a Housing Bubble, It's Just Expensive Bloomberg Home prices have hit record highs in some major U.S. metropolitan areas, and house-flippers are behaving like it's 2005: It's no wonder people are chattering about another housing bubble. But residential real estate isn't in a speculative bubble ... and more »
  • 12:33 PM » Senate Wades into Home Sharing Debate
    Published Mon, Jul 18 2016 12:33 PM by NMHC
    Three Senate Democrats called upon the Federal Trade Commission (FTC) on July 13 to study and report on the commercial use of short-term home sharing platforms like Airbnb and FlipKey. The move is the first significant step in Congress to examine the impact of the sharing economy on the housing market. The multifamily industry is increasingly dealing with the implications - both positive and negative - of peer-to-peer home sharing services like Airbnb, VRBO and HomeAway. While these services are growing in popularity with consumers, potential issues for our industry include tenant lease violations, on-site security concerns, and questions around liability and property insurance.
  • 10:23 AM » Homebuilder sentiment stalls in July; still seeing 'scattered softness': NAHB
    Published Mon, Jul 18 2016 10:23 AM by CNBC
    U.S. homebuilders lost a little faith in their market in July, as foot traffic of potential buyers thinned.
  • 10:23 AM » Denver Building Industry Unites Against Development Fee
    Published Mon, Jul 18 2016 10:23 AM by www.builderonline.com
    Would use development impact fees to help pay for the city's $150 million affordable housing initiative.
    Click Here to Read the Full Article

    Source: www.builderonline.com
  • 10:22 AM » FNC: Residential Property Values increased 4.9% year-over-year in May
    Published Mon, Jul 18 2016 10:22 AM by Calculated Risk Blog
    In addition to Case-Shiller, and CoreLogic, I'm also watching the FNC, Zillow and several other house price indexes. FNC released their May 2016  index data .  FNC reported that their Residential Price Index™ (RPI) indicates that U.S. residential property values increased 0.7% from April to May (Composite 100 index, not seasonally adjusted).  The 10 city MSA increased 0.3% (NSA), the 20-MSA RPI increased 0.5%, and the 30-MSA RPI increased 0.6% in May. These indexes are not seasonally adjusted (NSA), and are for non-distressed home sales (excluding foreclosure auction sales, REO sales, and short sales). From FNC: FNC Index: May Home Prices Up 0.7% According to the latest FNC Residential Price Index™ (RPI), U.S. home prices rose at a less robust pace in May, up 0.7% at a seasonally unadjusted rate. On a year-over-year basis, home price appreciation continues to level off, ending in May with a seasonally unadjusted rate of 4.9%. Notes: In addition to the composite indexes, FNC presents price indexes for 30 MSAs. FNC also provides seasonally adjusted data. The index is still down 11.6% from the peak in 2006 (not inflation adjusted). Click on graph for larger image. This graph shows the year-over-year change based on the FNC index (four composites) through May 2016. The FNC indexes are hedonic price indexes using a blend of sold homes and real-time appraisals. Most of the other indexes are also showing the year-over-year change in the mid single digit range. Note: The May Case-Shiller index will be released on Tuesday, July 26th.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 7:49 AM » Bank of America profit falls 19.4 percent as provisions rise
    Published Mon, Jul 18 2016 7:49 AM by Reuters
    (Reuters) - Bank of America Corp , the second-largest U.S. bank by assets, reported a 19.4 percent fall in quarterly profit on Monday as it set aside more money to cover potential bad loans and earned less on its loans.
  • 7:48 AM » Worst Weekly Loss in a Year Shows Treasuries Stuck in Tug-of-War
    Published Mon, Jul 18 2016 7:48 AM by Bloomberg
    Bloomberg Worst Weekly Loss in a Year Shows Treasuries Stuck in Tug-of-War Bloomberg Maybe the forces dragging Treasury yields down aren't so unstoppable after all. A week after the benchmark 10-year note yield hit an all-time low, it bounced back at the most rapid pace in more than a year. Helping to upend the record rally: increasing ... and more »
  • 7:46 AM » Rate-starved U.S. banks happily gobble mortgage business
    Published Mon, Jul 18 2016 7:46 AM by Reuters
    NEW YORK (Reuters) - Just as mortgage bankers were preparing for the end of a historic boom driven by low interest rates, borrowers have begun knocking at their doors again.
  • Fri, Jul 15 2016
  • 4:49 PM » Apparent attempted coup in Turkey
    Published Fri, Jul 15 2016 4:49 PM by CNBC
    The Turkish prime minister said it would be wrong to call the events a coup.
  • 4:48 PM » Turkish Premier Says Elements of Army Attempt to Seize Power
    Published Fri, Jul 15 2016 4:48 PM by Bloomberg
    Turkish Premier Says Elements of Army Attempt to Seize Power Bloomberg Elements of Turkey's army have attempted to seize power in the country, Prime Minister Binali Yildirim said. The effort won't be permitted to succeed, Yildirim told NTV television. His comments came as local media reported gunfire in Ankara and ... and more »
  • 3:26 PM » The Fed: Flood of Fed speeches point to December interest-rate hike
    Published Fri, Jul 15 2016 3:26 PM by Market Watch
    The bottom line from 14 speeches this week? Federal Reserve officials left the door open for a December rate hike, analysts say.
  • 3:24 PM » U.S. Bancorp Profit Beats Estimates on Commercial Loan Gains
    Published Fri, Jul 15 2016 3:24 PM by Bloomberg
    Bloomberg U.S. Bancorp Profit Beats Estimates on Commercial Loan Gains Bloomberg U.S. Bancorp, the nation's largest regional lender, posted record second-quarter profit that beat analysts' estimates as gains in commercial and credit-card loans helped drive revenue. Close all those tabs. Open this email. Get Bloomberg's daily ... and more »
  • 11:48 AM » A Barclays Chart Shows Just How Negative Bond Yields Have Become
    Published Fri, Jul 15 2016 11:48 AM by Bloomberg
    Bloomberg A Barclays Chart Shows Just How Negative Bond Yields Have Become Bloomberg Negative yields are spreading to more areas of the fixed-income market by the day. Data from Barclays Plc. highlight the staggering pace of change as this week Deutsche Bahn AG became the first non-financial company to sell negative-yielding bonds, and ...
  • 11:48 AM » Consumer sentiment slides in July
    Published Fri, Jul 15 2016 11:48 AM by CNBC
    A key measure of consumers' attitudes was lower so far this month.
  • 11:47 AM » Treasury yields climb to 3-week highs after retail sales, inflation
    Published Fri, Jul 15 2016 11:47 AM by Market Watch
    Treasury prices sold off Friday, pushing yields to their highest level in three weeks, after a flurry of upbeat U.S. economic data outweighed initial haven buying seen after a terror attack in France left more than 80 people dead.
  • 9:42 AM » US retail sales post solid rise in June
    Published Fri, Jul 15 2016 9:42 AM by CNBC
    U.S. retail sales posted a healthy increase in June, another sign that consumer spending picked up in the spring.
  • 9:41 AM » U.S. consumer prices maintain gains on rising housing, healthcare costs
    Published Fri, Jul 15 2016 9:41 AM by Reuters
    increased for a fourth straight month in June as Americans paid
  • 9:41 AM » U.S. industrial output surges in June, boosted by autos
    Published Fri, Jul 15 2016 9:41 AM by Reuters
    manufacturing and utility output, the Federal Reserve said on
  • 9:40 AM » Treasuries Halt Record-Setting Run as New U.K. Leader Takes Post
    Published Fri, Jul 15 2016 9:40 AM by Bloomberg
    Bloomberg Treasuries Halt Record-Setting Run as New U.K. Leader Takes Post Bloomberg Treasuries snapped a record-setting rally as U.K. Prime Minister Theresa May's new government set to work, easing the flight to safety that the surprise Brexit vote triggered in June. "We were really worried about Brexit, but suddenly U.K. politics ... and more »
  • 8:14 AM » Wells Fargo earnings match estimates
    Published Fri, Jul 15 2016 8:14 AM by CNBC
    Wells Fargo reported quarterly earnings that matched analysts' expectations Friday.
  • Thu, Jul 14 2016
  • 4:19 PM » Interest-rate environment is looking tough for mortgage servicers
    Published Thu, Jul 14 2016 4:19 PM by Market Watch
    Brexit could add to the gloom facing bank and nonbank mortgage servicers, says Fitch.
  • 4:19 PM » Looking back 7 Years Ago: The Sluggish Recovery Began
    Published Thu, Jul 14 2016 4:19 PM by Calculated Risk Blog
    Note: This is the 12th year I've been writing this blog.  Sometimes it is fun to look back, especially at turning points.  Starting in January 2005, I was very bearish on housing - and in early 2007, I predicted a recession. However in 2009 I became more optimistic.  Here are a couple of posts I wrote 7 years ago on July 15, 2009: Is the Recession Over? Show me the Engines of Growth Back in February I pointed out that I expected to see some economic rays of sunshine this year. But I never expected an immaculate recovery forecast from the FOMC. Although I've argued repeatedly that a "Great Depression 2" was extremely unlikely, I think the other extreme - an immaculate recovery - is also unlikely. I also noted - because the recovery would be sluggish, and jobless at first - that I'd expect the NBER to wait some time before dating the recession. The NBER finally dated the end of the recession in September 2010 : CAMBRIDGE September 20, 2010 - The Business Cycle Dating Committee of the National Bureau of Economic Research met yesterday by conference call. At its meeting, the committee determined that a trough in business activity occurred in the U.S. economy in June 2009. The trough marks the end of the recession that began in December 2007 and the beginning of an expansion. The recession lasted 18 months, which makes it the longest of any recession since World War II. Currently I'm still positive on the economy, and - as I noted in The Endless Parade of Recession Calls last year: Looking at the economic data, the odds of a recession in 2016 are very low (extremely unlikely in my view). Someday I'll make another recession call, but I'm not even on recession watch now . I'm still not a recession watch.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 4:18 PM » Here's How Much You Need to Save Each Day to Buy a Home in 15 Top Cities
    Published Thu, Jul 14 2016 4:18 PM by www.realtor.com
    Saving up for a down payment may seem impossible, but it's not. Here's how much you need to sock away a day to buy a home in the 15 largest U.S. metros. The post Here’s How Much You Need to Save Each Day to Buy a Home in 15 Top Cities appeared first on Real Estate News and Advice - realtor.com .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 12:44 PM » The $7 million bet against homebuilders
    Published Thu, Jul 14 2016 12:44 PM by CNBC
    Homebuilders have fallen 11 percent from their high last month, and one trader bets there's more downside ahead.
  • 12:15 PM » The Housing Market Is Waving a Red Flag
    Published Thu, Jul 14 2016 12:15 PM by Bloomberg
    Bloomberg The Housing Market Is Waving a Red Flag Bloomberg Almost nine years after the housing-market bust helped trigger the most recent recession, RealtyTrac senior vice president Daren Blomquist sees the industry waving a red flag. The same fervent speculation that abetted the housing bubble is showing up ... and more »
  • 12:15 PM » Sacramento Housing in June: Sales up 1.8%, Active Inventory down 12% YoY
    Published Thu, Jul 14 2016 12:15 PM by Calculated Risk Blog
    During the recession, I started following the Sacramento market to look for changes in the mix of houses sold (equity, REOs, and short sales). For a few years, not much changed. But in 2012 and 2013, we saw some significant changes with a dramatic shift from distressed sales to more normal equity sales. This data suggests healing in the Sacramento market and other distressed markets are showing similar improvement.  Note: The Sacramento Association of REALTORS® started breaking out REOs in May 2008, and short sales in June 2009. In June, total sales were up 1.8% from June 2015, and conventional equity sales were up 6.2% compared to the same month last year. In June, 5.0% of all resales were distressed sales. This was down from 7.0% last month, and down from 10.6% in June 2015, and the lowest level since Sacramento started tracking distressed sales. The percentage of REOs was at 2.5% in June, and the percentage of short sales was 2.5%. Here are the statistics . Click on graph for larger image. This graph shows the percent of REO sales, short sales and conventional sales. There has been a sharp increase in conventional (equity) sales that started in 2012 (blue) as the percentage of distressed sales declined sharply. Active Listing Inventory for single family homes decreased 12.1% year-over-year (YoY) in June.  This was the fourteenth consecutive monthly YoY decrease in inventory in Sacramento. Cash buyers accounted for 13.9% of all sales (frequently investors). Summary: This data suggests a more normal market with fewer distressed sales, more equity sales, and less investor buying - but limited inventory.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:34 AM » Fink: 0.75% yield wouldn't surprise me
    Published Thu, Jul 14 2016 10:34 AM by CNBC
    BlackRock's Larry Fink tells CNBC he's worried bond yields will drop further before ultimately going higher.
  • 10:30 AM » U.S. new home sales seen up 8.6 percent in June: MBA
    Published Thu, Jul 14 2016 10:30 AM by Reuters
    NEW YORK (Reuters) - U.S. sales of new single-family homes likely grew at an seasonally adjusted annualized rate of 530,000 units in June, up 8.6 percent from a 488,000 annualized pace in May, the Mortgage Bankers Association said on Thursday.
< 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 3.39%
  • |
  • 15 Yr FRM 2.74%
  • |
  • Jumbo 30 Year Fixed 3.52%
MBS Prices:
  • 30YR FNMA 4.5 108-30 (-0-02)
  • |
  • 30YR FNMA 5.0 110-22 (-0-01)
  • |
  • 30YR FNMA 5.5 112-06 (-0-03)
Recent Housing Data:
  • Mortgage Apps 1.90%
  • |
  • Refinance Index 0.38%
  • |
  • Purchase Index 3.71%