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  • Tue, Feb 2 2016
  • 8:39 AM » Treasury yields sink as safe-haven buying continues
    Published Tue, Feb 02 2016 8:39 AM by CNBC
    U.S. sovereign bond prices slipped on Wednesday, pushing yields higher as oil price volatility continued to weigh on investor sentiment, encouraging safe-haven buying of Treasurys.
  • 12:23 AM » U.S. oil falls on China economic woes, rising OPEC supply
    Published Tue, Feb 02 2016 12:23 AM by Reuters
    SINGAPORE (Reuters) - U.S. crude fell for a second session in early Asian trade on Tuesday as worries about the economic health of top energy consumer China and rising oil supply weighed on markets.
  • 12:20 AM » Fannie Mae: Mortgage Serious Delinquency rate declined in December
    Published Tue, Feb 02 2016 12:20 AM by Calculated Risk Blog
    Tuesday: • All day: Light vehicle sales for January. The consensus is for light vehicle sales to increase to 17.5 million SAAR in January from 17.2 million in December (Seasonally Adjusted Annual Rate). Fannie Mae reported today that the Single-Family Serious Delinquency rate declined in December to 1.55% from 1.58% in November. The serious delinquency rate is down from 1.89% in December 2014, and this is the lowest level since August 2008. The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%. Note: These are mortgage loans that are "three monthly payments or more past due or in foreclosure". Note: Freddie Mac reported last week that their Single-Family serious delinquency rate declined in December to 1.32%, down from 1.36% in November. Click on graph for larger image The Fannie Mae serious delinquency rate has only fallen 0.34 percentage points over the last year - the pace of improvement has slowed - and at that pace the serious delinquency rate will not be below 1% until 2017. The "normal" serious delinquency rate is under 1%, so maybe Fannie Mae serious delinquencies will be close to normal some time in 2017.  This elevated delinquency rate is mostly related to older loans - the lenders are still working through the backlog.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • Mon, Feb 1 2016
  • 2:49 PM » Banks made corporate, commercial real estate tougher to get, Fed survey finds
    Published Mon, Feb 01 2016 2:49 PM by Market Watch
    WASHINGTON (MarketWatch) -- Loan standards to commercial and industrial firms and commercial real estate tightened in the fourth quarter, the Federal Reserve said Monday in its senior loan officer survey. That came in a quarter when commercial and industrial loan demand had weakened somewhat but commercial real estate demand picked up. The officers also said they expected the loan performance of commercial loans and those backed by multifamily residential properties to get worse this year. The survey also found a moderate easing of standards on some categories of residential mortgage loans as well as on auto loans, while banks reported having left standards on credit card loans basically unchanged. Delinquency and charge-off rates on subprime auto loans are expected to increase, the survey found.
  • 11:52 AM » A month of fear, and a record for bonds
    Published Mon, Feb 01 2016 11:52 AM by CNBC
    Four of the top five ETFs in January were Treasury bond funds, a sign of fear that hasn't been seen since 2003.
  • 10:18 AM » U.S. consumer spending flat; savings at three-year high
    Published Mon, Feb 01 2016 10:18 AM by Reuters
    WASHINGTON - U.S. consumer spending was unchanged in December as households cut back on purchases of automobiles and unseasonably mild weather weighed on demand for utilities, but a jump in savings to a three-year high suggested there is enough muscle to boost consumption in the months ahead.
  • 10:18 AM » Black Knight's December Mortgage Monitor: Home Affordability Still Better than Pre-Bubble Average
    Published Mon, Feb 01 2016 10:18 AM by www.bkfs.com
    Black Knight's December Mortgage Monitor: Home Affordability Still Better than Pre-Bubble Average<br/>http://www.bkfs.com/CorporateInformation/NewsRoom/Pages/20160201.aspx
  • 10:17 AM » First-Time Home Buyers: The New Elite?
    Published Mon, Feb 01 2016 10:17 AM by www.realtor.com
    First-time home buyers make 10% more than a decade ago. Is buying a home becoming a privilege, not a birthright? The post First-Time Home Buyers: The New Elite? appeared first on Real Estate News and Advice - realtor.com .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 10:15 AM » Dec. construction spending barely rises
    Published Mon, Feb 01 2016 10:15 AM by CNBC
    U.S. construction spending barely rose in December as spending on nonresidential structures recorded its biggest drop since 2013.
  • 10:15 AM » ISM manufacturing index hits 48.2 in Jan.; Construction spending up 0.1% in Dec.
    Published Mon, Feb 01 2016 10:15 AM by CNBC
    This is a breaking news story. Please check back for updates.. January's ISM Manufacturing Index was expected to hit 48 in January, down from 48.2 in December, according to Thomson Reuters consensus estimates.
  • 10:15 AM » Stephen Ross: Real Estate Been a Very Good Asset
    Published Mon, Feb 01 2016 10:15 AM by Bloomberg
    Bloomberg Stephen Ross: Real Estate Been a Very Good Asset Bloomberg Related Companies Chairman Stephen Ross discusses market volatility and his investment strategies. He speaks on "Bloomberg ‹GO›." (Source: Bloomberg). Most Recent Videos. Oil Prices: Is There Investor Cognitive Dissonance? Stephen Ross: NYC Real ...
  • 8:28 AM » Electronic Loan Documents Encourage Efficiency, Ease Anxiety
    Published Mon, Feb 01 2016 8:28 AM by Freddie Mac
    By VP, Loan Advisor Suite SM Sam Oliver Ask consumers who've gone through the mortgage closing process in recent years what they found most frustrating about it, and their answers probably wouldn't surprise you. Read More
  • 8:28 AM » US Treasury curve flattens as oil prices fall
    Published Mon, Feb 01 2016 8:28 AM by CNBC
    Longer-dated U.S. sovereign bonds gained on Monday, while shorter-dated ones traded flat to lower, after an official survey showed China's factory sector contracted for the sixth month and crude oil prices fell.
  • 8:28 AM » The 20 Hottest U.S. Real Estate Markets in January 2016
    Published Mon, Feb 01 2016 8:28 AM by www.realtor.com
    It's business as usual for real estate in January, with fewer homes on the market and slower sales. But these 20 markets are defying the seasonal chill. The post The 20 Hottest U.S. Real Estate Markets in January 2016 appeared first on Real Estate News and Advice - realtor.com .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 12:17 AM » Global Bond Yields Fall to One-Year Low as Japan Renews Records
    Published Mon, Feb 01 2016 12:17 AM by Bloomberg
    Global Bond Yields Fall to One-Year Low as Japan Renews Records Bloomberg Global bond yields fell to levels not seen in a year while Japan's extended their push to record lows following Haruhiko Kuroda's decision to cut interest rates. The yield on a Bank of America Corp. index of sovereign bonds dropped to 1.39 percent, the ... and more »
  • 12:16 AM » Fannie Mae Releases December 2015 Monthly Summary
    Published Mon, Feb 01 2016 12:16 AM by Fannie Mae
    The monthly summary report contains information about Fannie Mae s monthly and year-to-date activities.
  • 12:14 AM » Brooklyn property sells for $3K per sq. foot
    Published Mon, Feb 01 2016 12:14 AM by CNBC
    Based on a price of nearly $6 million and a square foot size of 2000, 36 Strong Place in Brooklyn just sold for $2900 per square foot.
  • 12:14 AM » In Bay Area, Millennials Value Homeownership More than Generation X
    Published Mon, Feb 01 2016 12:14 AM by www.builderonline.com
    More than four out of five Bay Area millennials--age 18 to 34--view homeownership as an "integral part" of achieving the American Dream.
    Click Here to Read the Full Article

    Source: www.builderonline.com
  • Fri, Jan 29 2016
  • 4:06 PM » Q4 GDP: Investment
    Published Fri, Jan 29 2016 4:06 PM by Calculated Risk Blog
    The graph below shows the contribution to GDP from residential investment, equipment and software, and nonresidential structures (3 quarter trailing average). This is important to follow because residential investment tends to lead the economy, equipment and software is generally coincident, and nonresidential structure investment trails the economy. In the graph, red is residential, green is equipment and software, and blue is investment in non-residential structures. So the usual pattern - both into and out of recessions is - red, green, blue. The dashed gray line is the contribution from the change in private inventories. Note: This can't be used blindly.  Residential investment is so low as a percent of the economy that the small decline early last year was not  a concern. Click on graph for larger image. Residential investment (RI) increased at a 8.1% annual rate in Q4.  Equipment investment decreased at a 2.5% annual rate, and investment in non-residential structures decreased at a 5.3% annual rate.   On a 3 quarter trailing average basis, RI (red) and equipment (green) are both positive, and nonresidential structures (blue) is slightly negative. Note: Nonresidential investment in structures typically lags the recovery, however investment in energy and power provided a boost early in this recovery - and is now causing a slight decline.  Other areas of nonresidential are now increasing significantly.  I'll post more on the components of non-residential investment once the supplemental data is released. I expect investment to be solid going forward (except for energy and power), and for the economy to continue to grow at a steady pace. The second graph shows residential investment as a percent of GDP. Residential Investment as a percent of GDP has been increasing, but is only just above the bottom of the previous recessions - and I expect RI to continue to increase for the next few years. I'll break...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 12:21 PM » Fed Hike This Year Seen as Practically a Coin Flip on BOJ Move
    Published Fri, Jan 29 2016 12:21 PM by Bloomberg
    Bloomberg Fed Hike This Year Seen as Practically a Coin Flip on BOJ Move Bloomberg In the bond market's view, the chance of a Federal Reserve interest-rate increase this year is practically a toss-up after the Bank of Japan's surprise policy move. Yields on sovereign debt fell worldwide after BOJ Governor Haruhiko Kuroda introduced ... and more »
  • 12:21 PM » $5.5T in gov bonds at negative yields
    Published Fri, Jan 29 2016 12:21 PM by CNBC
    Japan's surprise decision to cut interest rates has pushed negative yielding government bonds to a new record. FT reports.
  • 10:12 AM » No Fed rate hike in 2016: Traders
    Published Fri, Jan 29 2016 10:12 AM by CNBC
    Traders have taken a 2016 interest rate hike off the table, anticipating that the earliest move would be February 2017.
  • 10:03 AM » Chicago PMI much better than expected
    Published Fri, Jan 29 2016 10:03 AM by CNBC
    The Chicago Purchasing Managers Index came in at 55.6 for December, the highest reading since last January.
  • 10:03 AM » Freddie Mac January 2016 Insight & Outlook
    Published Fri, Jan 29 2016 10:03 AM by freddiemac.mwnewsroom.com
    Freddie Mac January 2016 Insight & Outlook
    Click Here to Read the Full Article

    Source: freddiemac.mwnewsroom.com
  • 8:45 AM » U.S. economic growth slows to a 0.7 percent rate in fourth quarter
    Published Fri, Jan 29 2016 8:45 AM by Reuters
    WASHINGTON, (Reuters) - U.S. economic growth braked sharply in the fourth quarter as businesses stepped up efforts to reduce an inventory glut and a strong dollar and tepid global demand weighed on exports.
  • 2:08 AM » Japan adopts negative interest rate in surprise move
    Published Fri, Jan 29 2016 2:08 AM by www.bbc.com
    In a surprise move, the Bank of Japan has introduced a negative interest rate. The benchmark rate of -0.1% means that the central bank will charge commercial banks 0.1% on some of their deposits. It hopes this will encourage banks to lend, and counter the ongoing economic slump in the world's third-largest economy.
  • 2:02 AM » U.S. economy likely hit a speed bump in fourth quarter
    Published Fri, Jan 29 2016 2:02 AM by Reuters
    WASHINGTON (Reuters) - U.S. economic growth likely braked sharply in the fourth quarter as businesses doubled down on efforts to reduce an inventory glut and unseasonably mild weather cut into consumer spending on utilities and apparel.
  • 2:01 AM » New Home Sales: Sources of Financing
    Published Fri, Jan 29 2016 2:01 AM by eyeonhousing.org
    NAHB analysis of the most recent Census estimates concerning sources of financing for new home sales reveals an ongoing long-run trend toward conventional mortgages. According to data from the Census Bureau's Quarterly Sales by Price and Financing and NAHB calculations, new home sales due to FHA-backed loans were effectively unchanged at a quarterly count of 18,000 and a market share of 16% for the fourth... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • Thu, Jan 28 2016
  • 5:33 PM » CoreLogic Confirms 2015 Financial Guidance and Provides 2016 Outlook
    Published Thu, Jan 28 2016 5:33 PM by www.corelogic.com
    Successful Execution of Strategic Transformation Plan Drives Strong Operating Performance Highlighted by Revenue Growth, Cost Efficiency Focus and Record Cash Generation Fourth quarter and full-year results expected to modestly exceed the high end of previously issued 2015 revenue, adjusted EBITDA and adjusted EPS guidance ranges.  2015 expected results driven principally by higher U.S. origination volumes and the benefits of operating leverage and cost management programs which more than offset unfavorable FX and increased investment levels in technology, compliance and the cost management programs.  Full-year 2016 guidance: revenue of $1.83 to $1.86 billion; adjusted EBITDA of $465 to $485 million; and adjusted EPS of $2.05 to $2.15.  2016 growth expected to be driven principally by the launch of the Valuations Solutions Group (VSG), organic growth and cost productivity. Revised operating segmentation implemented in connection with ongoing strategic transformation program and the formation of the VSG. CoreLogic ® (NYSE:CLGX) , a leading global property information, analytics and data-enabled services provider, today confirmed 2015 financial guidance and provided 2016 outlook. “CoreLogic delivered another strong operating performance in 2015 with solid growth in revenue, adjusted EBITDA and adjusted EPS despite challenging market dynamics and currency headwinds. We expect reported revenues to show continued growth, driven by gains in our core underwriting and risk management operations and the launch of our valuations solutions group or VSG,” said Anand Nallathambi, President and Chief Executive Officer of CoreLogic. “We are entering 2016 with a clear path to accelerate growth as we deploy our unique data, analytics and data-enabled services that, collectively, enable our current and future clients in the real estate ecosystem to more precisely underwrite and manage their risks and capitalize on opportunities...
    Click Here to Read the Full Article

    Source: www.corelogic.com
  • 5:32 PM » Freddie Mac: Mortgage Serious Delinquency rate declined in December, Lowest since September 2008
    Published Thu, Jan 28 2016 5:32 PM by Calculated Risk Blog
    Freddie Mac reported that the Single-Family serious delinquency rate declined in December to 1.32%, down from 1.36% in November. Freddie's rate is down from 1.88% in December 2014, and the rate in December was the lowest level since September 2008. Freddie's serious delinquency rate peaked in February 2010 at 4.20%. These are mortgage loans that are "three monthly payments or more past due or in foreclosure".  Note: Fannie Mae is expected to report early next week. Click on graph for larger image Although the rate is declining, the "normal" serious delinquency rate is under 1%.  The serious delinquency rate has fallen 0.56 percentage points over the last year, and at that rate of improvement, the serious delinquency rate will not be below 1% until the second half of 2016. So even though delinquencies and distressed sales are declining, I expect an above normal level of Fannie and Freddie distressed sales through 2016 (mostly in judicial foreclosure states).
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 5:32 PM » HVS: Q4 2015 Homeownership and Vacancy Rates
    Published Thu, Jan 28 2016 5:32 PM by Calculated Risk Blog
    The Census Bureau released the Residential Vacancies and Homeownership report for Q4 2015. This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and rental vacancy rates.  However, there are serious questions about the accuracy of this survey. This survey might show the trend, but I wouldn't rely on the absolute numbers.  The Census Bureau is investigating the differences between the HVS, ACS and decennial Census, and analysts probably shouldn't use the HVS to estimate the excess vacant supply or household formation, or rely on the homeownership rate, except as a guide to the trend. Click on graph for larger image. The Red dots are the decennial Census homeownership rates for April 1st 1990, 2000 and 2010. The HVS homeownership rate increased to 63.8% in Q4, from 63.7% in Q3. I'd put more weight on the decennial Census numbers - and given changing demographics, the homeownership rate is probably close to a bottom. The HVS homeowner vacancy was unchanged at 1.9% in Q4.  This has been mostly moving sideways for the last 2+ years. Once again - this probably shows the general trend, but I wouldn't rely on the absolute numbers. The rental vacancy rate decreased in Q4 to 7.0% from 7.3% in Q3. I think the Reis quarterly survey (large apartment owners only in selected cities) is a much better measure of the rental vacancy rate, but this does suggest the rental vacancy rate might have bottomed. The quarterly HVS is the most timely survey on households, but there are many questions about the accuracy of this survey.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 3:23 PM » The Hot New Neighborhood Trend: Snow-Shaming
    Published Thu, Jan 28 2016 3:23 PM by www.realtor.com
    Snowstorm Jonas may be long gone, but his legacy remains-in the form of huge piles of snow. And it's got lots of neighborhoods hopping on a hot new trend: snow-shaming. The post The Hot New Neighborhood Trend: Snow-Shaming appeared first on Real Estate News and Advice - realtor.com .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 3:23 PM » Breaking Down Commercial Real Estate
    Published Thu, Jan 28 2016 3:23 PM by Bloomberg
    Bloomberg Breaking Down Commercial Real Estate Bloomberg Marcus & Millichap Senior Vice President Hessam Nadji discusses the state of U.S. commercial real estate. He speaks on "Bloomberg Markets." (Source: Bloomberg). Most Recent Videos. Breaking Down Commercial Real Estate · What's Behind the Luxury ...
  • 12:54 PM » Is Anyone Getting Tech Fatigue?
    Published Thu, Jan 28 2016 12:54 PM by Realtor.Org
    For a conference that partially serves as a launching pad for new innovations in the real estate industry, there’s a sense at Inman Connect this year that someone needs to push the pause button on the rapid technological shifts taking over the industry. Don’t get me wrong, there’s plenty of new tools being presented here […]
  • 12:53 PM » U.S. Homeownership Rises as Jobs Bring Back First-Time Buyers
    Published Thu, Jan 28 2016 12:53 PM by Bloomberg
    U.S. Homeownership Rises as Jobs Bring Back First-Time Buyers Bloomberg The homeownership rate in the U.S. rose for a second straight quarter as job growth and loosening credit put an end to almost two years of steady declines. The share of Americans who own their homes was 63.8 percent in the fourth quarter, up from 63.7 ...
  • 10:20 AM » Mortgage Rates Fall for Fourth Straight Week
    Published Thu, Jan 28 2016 10:20 AM by freddiemac.mwnewsroom.com
    Mortgage Rates Fall for Fourth Straight Week
    Click Here to Read the Full Article

    Source: freddiemac.mwnewsroom.com
  • 10:20 AM » Pending home sales rise just 0.1% in December
    Published Thu, Jan 28 2016 10:20 AM by CNBC
    A lack of homes for sale is keeping potential buyers at bay. Signed contracts to buy existing homes remained essentially flat in December.
  • 9:37 AM » US durable goods orders plunge in December
    Published Thu, Jan 28 2016 9:37 AM by CNBC
    New orders for long-lasting goods tumbled as lower oil prices and softer global demand put more pressure on factories.
  • 9:36 AM » El-Erian: Fed Is Hostage to the Rest of the World
    Published Thu, Jan 28 2016 9:36 AM by Bloomberg
    Bloomberg El-Erian: Fed Is Hostage to the Rest of the World Bloomberg Bloomberg View Columnist Mohamed El-Erian discusses Fed policy. He speaks on "Bloomberg ‹GO›." His opinions are his own. (Source: Bloomberg). Most Recent Videos. Mohamed El-Erian Answers Your Twitter Questions · El-Erian: Yellen Didn't Blow It in ... and more »
  • 8:30 AM » Some $29 Trillion Later, the Corporate Debt Boom Looks Exhausted
    Published Thu, Jan 28 2016 8:30 AM by Bloomberg
    Bloomberg Some $29 Trillion Later, the Corporate Debt Boom Looks Exhausted Bloomberg There's been endless speculation in recent weeks about whether the U.S., and the whole world for that matter, are about to sink into recession. Underpinning much of the angst is an unprecedented $29 trillion corporate bond binge that has left many ...
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