Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
28,899
# of Forum Posts
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 5 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, Sep 21 2017
  • 4:01 PM » Household wealth jumps nearly $1.7 trillion to record, thanks to rising home and stock values
    Published Thu, Sep 21 2017 4:01 PM by CNBC
    Net household wealth, including that of nonprofits, climbed to a record $96.2 trillion in the second quarter of 2017, the Federal Reserve said Thursday.
  • 3:59 PM » Investors fear a Fed policy misstep as central bank reaffirms rate-hike trajectory
    Published Thu, Sep 21 2017 3:59 PM by Market Watch
    Long-end Treasury yields slipped on early Thursday trade after spiking initially when the Federal Reserve committed to a December rate hike. Bond market participants underlined concerns that the Federal Reserve may risk making a misstep if it follows its current policy path.
  • 3:59 PM » Yellen's stock rises as she leads Fed from crisis-era policy
    Published Thu, Sep 21 2017 3:59 PM by Reuters
    NEW YORK/WASHINGTON (Reuters) - From her early days as Federal Reserve chair, Janet Yellen has been the target of criticism from Republicans worried that the central bank's massive bond-buying programs and near-zero interest rates engineered by her predecessor would be the ruin of the country.
  • 1:44 PM » Exclusive: U.S. Homeland Security found SEC had 'critical' cyber weaknesses in January
    Published Thu, Sep 21 2017 1:44 PM by Reuters
    WASHINGTON (Reuters) - The U.S. Department of Homeland Security detected five "critical" cyber security weaknesses on the Securities and Exchange Commission's computers as of January 23, 2017, according to a confidential weekly report reviewed by Reuters.
  • 1:43 PM » As the Fed Steps Back From Mortgage Market, REITs Gear Up to Buy
    Published Thu, Sep 21 2017 1:43 PM by Bloomberg
    Bloomberg As the Fed Steps Back From Mortgage Market, REITs Gear Up to Buy Bloomberg Many fund managers are fearful about the Federal Reserve shedding its massive $1.78 trillion mortgage bond portfolio, a step it plans to start next month. Some investors say it's time to get greedy. Mortgage bond fund managers known as real estate ...
  • 11:01 AM » Art Cashin: The Fed projects 3 rate hikes for 2018, but Trump could change on that
    Published Thu, Sep 21 2017 11:01 AM by CNBC
    "We've got to remember that we're going to have a bit of a different Fed when it comes to implementing this," Art Cashin says.
  • 10:08 AM » Leading economic indicators increase 0.4 percent, more than 0.2 percent expected
    Published Thu, Sep 21 2017 10:08 AM by CNBC
    Leading indicators was expected to increase in August by 0.2 percent.
  • 9:02 AM » Yellen Brushes Aside Inflation 'Mystery' While Fed Eyes Rate Hike
    Published Thu, Sep 21 2017 9:02 AM by Bloomberg
    Bloomberg Yellen Brushes Aside Inflation 'Mystery' While Fed Eyes Rate Hike Bloomberg Federal Reserve Chair Janet Yellen acknowledged that the fall in inflation this year was a bit of a "mystery" but suggested that the central bank was on course to raise interest rates again in 2017 nonetheless. She told reporters on Wednesday that the ... and more »
  • 9:01 AM » 2-year Treasury yield holds around highest level since 2008
    Published Thu, Sep 21 2017 9:01 AM by Market Watch
    U.S. Treasury prices extend their slide on Thursday, helping to add to the 2-year Treasury yield's highest level in nearly a decade, after the Federal Reserve on Wednesday announced that its rate-hike path remained intact.
  • 9:01 AM » KB Home cuts CEO's bonus as punishment for his profanity-laced rant at neighbor Kathy Griffin
    Published Thu, Sep 21 2017 9:01 AM by CNBC
    KB Home's CEO will see his year end bonus cut after being caught on audio Saturday night yelling a string of profanities at comedian Kathy Griffin.
  • 9:00 AM » Fed's 'Great Unwinding' lifts dollar, yields and bank stocks
    Published Thu, Sep 21 2017 9:00 AM by Reuters
    LONDON (Reuters) - Signals the Federal Reserve will hike U.S. interest rates again this year and begin the 'Great Unwinding' of a decade of aggressive stimulus, drove the dollar to a two-month high versus the yen on Thursday and sent bonds and commodities lower.
  • 8:55 AM » CoreLogic: "2.8 million Homes still in negative equity" at end of Q2 2017
    Published Thu, Sep 21 2017 8:55 AM by Calculated Risk Blog
    From CoreLogic: CoreLogic Reports 2.8 Million Residential Properties with a Mortgage Still in Negative Equity CoreLogic® ... today released its Q2 2017 home equity analysis which shows U.S. homeowners with mortgages (roughly 63 percent of all homeowners) have seen their equity increase by a total of 10.6 percent year over year, representing a gain of $766 billion since Q2 2016. Additionally, homeowners gained an average of $12,987 in equity between Q2 2016 and Q2 2017. Western states led the equity increase with Washington homeowners gaining an average of approximately $40,000 in home equity and California homeowners gaining an average of approximately $30,000 in home equity. Home price increases in these states drove the equity gains. From Q1 2017 to Q2 2017, the total number of mortgaged residential properties with negative equity decreased 10 percent to 2.8 million homes, or 5.4 percent of all mortgaged properties. Year over year, negative equity decreased 21.9 percent from 3.6 million homes , or 7.1 percent of all mortgaged properties, from Q2 2016 to Q2 2017. " Over the last 12 months, approximately 750,000 borrowers achieved positive equity ," said Dr. Frank Nothaft, chief economist for CoreLogic. "This means that mortgage risk continues to decline and, given the continued strength in home prices, CoreLogic expects home equity to rise steadily over the next year." emphasis added Click on graph for larger image. This graph shows the distribution of home equity in Q2 2017 compared to Q1 2017. For reference, about five years ago, in Q3 2012, almost 10% of residential properties had 25% or more negative equity. A year ago, in Q2 2016, there were 3.6 million properties with negative equity - now there are 2.8 million.  A significant change.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:55 AM » Freddie Mac September 2017 Outlook
    Published Thu, Sep 21 2017 8:55 AM by freddiemac.mwnewsroom.com
    Freddie Mac September 2017 Outlook
    Click Here to Read the Full Article

    Source: freddiemac.mwnewsroom.com
  • Wed, Sep 20 2017
  • 4:45 PM » Wells Fargo may be facing Fed penalty, Yellen says
    Published Wed, Sep 20 2017 4:45 PM by Market Watch
    Wells Fargo may still face a penalty from the Federal Reserve for opening millions of unauthorized accounts.
  • 3:41 PM » Janet Yellen dodges question about her future as Fed chair
    Published Wed, Sep 20 2017 3:41 PM by CNBC
    Fed Chair Janet Yellen would not say Wednesday if she knew whether President Donald Trump will reappoint her.
  • 3:14 PM » The Fed won't stop cutting back on stimulus unless economy hits another big downturn, Yellen says
    Published Wed, Sep 20 2017 3:14 PM by CNBC
    Fed chair Janet Yellen hinted at what may stop the central bank's stimulus unwind plans at a press conference in Washington, DC.
  • 2:07 PM » Fed approves October reversal of historic stimulus, leaves rates unchanged
    Published Wed, Sep 20 2017 2:07 PM by CNBC
    The Fed was not expected to raise its benchmark interest rate at this week's meeting.
  • 1:47 PM » Why It's a Better Time for Buyers on a Budget to Purchase a Home
    Published Wed, Sep 20 2017 1:47 PM by www.realtor.com
    Tales of home buying woe abound, from sticker shock to being outbid on the home of your dreams. But it may be a good time to become a homeowner after all. The post Why It’s a Better Time for Buyers on a Budget to Purchase a Home appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 12:11 PM » CFPB Provides Some Clarity on Alternative-Data Models Through No-Action Letter
    Published Wed, Sep 20 2017 12:11 PM by www.consumerfinancemonitor.com
    On September 14, 2017, the CFPB issued a no-action letter - the first one ever issued by the agency - to a marketplace lender, stating that the agency had no present intention to take enforcement or supervisory action against the lender under the Equal Credit Opportunity Act (ECOA) relating to the lender's underwriting model, and... Continue Reading
    Click Here to Read the Full Article

    Source: www.consumerfinancemonitor.com
  • 11:40 AM » Fed conflicted by weak U.S. inflation, global economic rebound
    Published Wed, Sep 20 2017 11:40 AM by Reuters
    WASHINGTON (Reuters) - Caught between a lull in U.S. inflation and a stronger global economy, the Federal Reserve is expected on Wednesday to signal whether it will raise interest rates for a third time this year or back off until prices rise more briskly.
  • 11:11 AM » Here's what BlackRock says will happen after the Fed announcement
    Published Wed, Sep 20 2017 11:11 AM by CNBC
    The Fed is expected to begin unwinding its giant balance sheet, but that should not have much immediate impact on interest rates, according to BlackRock.
  • 10:24 AM » NAR: "Existing-Home Sales Subside 1.7 Percent in August "
    Published Wed, Sep 20 2017 10:24 AM by Calculated Risk Blog
    From the NAR: Existing-Home Sales Subside 1.7 Percent in August Existing-home sales stumbled in August for the fourth time in five months as strained supply levels continue to subdue overall activity, according to the National Association of Realtors®. Sales gains in the Northeast and Midwest were outpaced by declines in the South and West. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, retreated 1.7 percent to a seasonally adjusted annual rate of 5.35 million in August from 5.44 million in July. Last month's sales pace is 0.2 percent above last August, and is the lowest since then. ... Total housing inventory at the end of August declined 2.1 percent to 1.88 million existing homes available for sale, and is now 6.5 percent lower than a year ago (2.01 million) and has fallen year-over-year for 27 consecutive months. Unsold inventory is at a 4.2-month supply at the current sales pace, which is down from 4.5 months a year ago. emphasis added Click on graph for larger image. This graph shows existing home sales, on a Seasonally Adjusted Annual Rate (SAAR) basis since 1993. Sales in August (5.35 million SAAR) were 1.7% lower than last month, and were 0.2% above the August 2016 rate. The second graph shows nationwide inventory for existing homes. According to the NAR, inventory decreased to 1.88 million in August from 1.92 million in July.   Headline inventory is not seasonally adjusted, and inventory usually decreases to the seasonal lows in December and January, and peaks in mid-to-late summer. The last graph shows the year-over-year (YoY) change in reported existing home inventory and months-of-supply. Since inventory is not seasonally adjusted, it really helps to look at the YoY change. Note: Months-of-supply is based on the seasonally adjusted sales and not seasonally adjusted inventory. Inventory decreased 6.5% year-over-year in August...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 9:35 AM » AIA: Architecture Billings Index "growth streak" continues in August
    Published Wed, Sep 20 2017 9:35 AM by Calculated Risk Blog
    Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architecture Billings Index continues growth streak With all geographic regions and building project sectors showing positive conditions, there continues to be a heightened level of demand for design services signaled in the latest Architecture Billings Index (ABI).  As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the August ABI score was 53.7 , up from a score of 51.9 in the previous month. This score reflects an increase in design services provided by U.S. architecture firms (any score above 50 indicates an increase in billings). The new projects inquiry index was 62.5, up from a reading of 59.5 the previous month, while the new design contracts index eased somewhat from 56.4 to 54.2. "The August results continue a string of very positive readings from the design professions, pointing to future healthy growth across the major construction sectors, as well as across the major regions of the country," said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. "Given the focus and discussions around the infrastructure needs of the nation, we expect strong growth in design activity for the coming months and years." ... • Regional averages: South (55.7), Northeast (54.3), Midwest (52.5), West (51.3) • Sector index breakdown: commercial / industrial (57.6), multi-family residential (53.8), mixed practice (52.5), institutional (50.1) emphasis added Click on graph for larger image. This graph shows the Architecture Billings Index since 1996. The index was at 53.7 in August, up from 51.9 in July. Anything above 50 indicates expansion in demand for architects' services. Note: This includes commercial and industrial facilities like hotels and office buildings...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 9:18 AM » FAU Buy vs. Rent Index Shows U.S. Homeowners Still Coming Out Ahead of Renters, But Just Barely
    Published Wed, Sep 20 2017 9:18 AM by PR Newswire
    BOCA RATON, Fla., Sept. 20, 2017 /PRNewswire/ -- U.S. homeowners are still coming out ahead of their friends who rent, but just barely. According to the latest national index produced by Florida Atlantic University and Florida International University faculty, owning and renting are...
  • 8:15 AM » Real estate investment trust sees business booming post-Hurricane Harvey
    Published Wed, Sep 20 2017 8:15 AM by CNBC
    Camden Property Trust has seen a "total transformation" of its business since Hurricane Harvey slammed into Texas, its CEO told CNBC on Tuesday.
  • 8:09 AM » TRULIA: Starter Homebuyers Should Start House Hunting Now
    Published Wed, Sep 20 2017 8:09 AM by info.trulia.com
    Starter-home Inventory Peaks in the Fall, While Listing Prices Hit a Low Point in the Winter
    Click Here to Read the Full Article

    Source: info.trulia.com
  • 8:08 AM » Seasonal Trends May Favor Bonds Over Stocks for the Rest of September
    Published Wed, Sep 20 2017 8:08 AM by Bloomberg
    Bloomberg Seasonal Trends May Favor Bonds Over Stocks for the Rest of September Bloomberg History fans take note. Seasonal trends for the second half of September have been decidedly negative for the S&P 500 Index and positive for Treasury bonds. Yields on benchmark 10-year notes have declined about 18 basis points in the last two weeks of ... and more »
  • 8:07 AM » Fed is taking a major step away from its Great Recession policy
    Published Wed, Sep 20 2017 8:07 AM by CNBC
    The bond market's blase view of the Fed could change with Wednesday's announcement.
  • Tue, Sep 19 2017
  • 4:21 PM » U.S. stocks gain as all three main indexes close at records
    Published Tue, Sep 19 2017 4:21 PM by Market Watch
    U.S. stocks extended gains Tuesday with all three main benchmarks closing at records as the Federal Reserve began its two-day policy meeting where they are expected to finalize the details on the unwinding of its $4.5 trillion balance sheet. The Dow Jones Industrial Average rose 42 points, or 0.2%, to end at 22,373, its sixth straight record finish, while the S&P 500 added 2 points, or 0.1%, to 2,506, logging its fourth record close in a row. The Nasdaq Composite Index also ended at an all-time high, gaining 6 points, or 0.1%, to close at 6,461.
  • 2:21 PM » Irma may have caused $42.5 billion to $65 billion in property damage, report says
    Published Tue, Sep 19 2017 2:21 PM by CNBC
    Hurricane Irma may have caused $42.5 billion to $65 billion in wind and flood damage, according to CoreLogic.
  • 1:43 PM » Don't Give Up, Buyers: More Newly Constructed Homes Are On the Way
    Published Tue, Sep 19 2017 1:43 PM by www.realtor.com
    Permits, the best indicator of how many newly built homes will rise over the next few months, were up in August, according to a recent report. The post Don’t Give Up, Buyers: More Newly Constructed Homes Are On the Way appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 12:18 PM » Yellen reappointment as Fed chair seen as more likely: Survey
    Published Tue, Sep 19 2017 12:18 PM by CNBC
    About 60 percent in the CNBC Fed Survey say Trump should reappoint Yellen.
  • 10:40 AM » Fed economist: 'No evidence that QE works' as central bank starts unwinding program
    Published Tue, Sep 19 2017 10:40 AM by CNBC
    The Fed is reversing the most ambitious monetary stimulus program in history amid questions over how much it delivered.
  • 10:21 AM » Additional guidance from HUD/Freddie/Fannie/Ginnie/VA on mortgage-related disaster relief for hurricane victims
    Published Tue, Sep 19 2017 10:21 AM by www.consumerfinancemonitor.com
    In addition to the guidance regarding Hurricane Harvey disaster relief, the housing agencies and government-sponsored enterprises (GSEs) recently addressed the mortgage-related relief available to victims of both Hurricane Harvey and Hurricane Irma in Presidentially-declared disaster areas. Click here for a summary of these announcements. Continue Reading
    Click Here to Read the Full Article

    Source: www.consumerfinancemonitor.com
  • 9:55 AM » U.S. housing starts fall for second straight month; outlook murky
    Published Tue, Sep 19 2017 9:55 AM by Reuters
    WASHINGTON (Reuters) - U.S. homebuilding fell for a second straight month in August as a rebound in the construction of single-family houses was offset by persistent weakness in the volatile multifamily home segment.
  • 9:32 AM » Severe labor shortage has Houston homeowners 'begging' for help
    Published Tue, Sep 19 2017 9:32 AM by CNBC
    One contractor laments that as their phone keeps ringing, "You have to tell them it will likely be a couple years."
  • 9:00 AM » Housing Starts decreased to 1.180 Million Annual Rate in August
    Published Tue, Sep 19 2017 9:00 AM by Calculated Risk Blog
    From the Census Bureau: Permits, Starts and Completions Housing Starts: Privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,180,000 . This is 0.8 percent below the revised July estimate of 1,190,000, but is 1.4 percent above the August 2016 rate of 1,164,000. Single-family housing starts in August were at a rate of 851,000; this is 1.6 percent above the revised July figure of 838,000. The August rate for units in buildings with five units or more was 323,000. Building Permits: Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,300,000. This is 5.7 percent above the revised July rate of 1,230,000 and is 8.3 percent above the August 2016 rate of 1,200,000. Single-family authorizations in August were at a rate of 800,000; this is 1.5 percent below the revised July figure of 812,000. Authorizations of units in buildings with five units or more were at a rate of 464,000 in August. emphasis added Click on graph for larger image. The first graph shows single and multi-family housing starts for the last several years. Multi-family starts (red, 2+ units) decreased in August compared to July.  Multi-family starts are down 23% year-over-year. Multi-family is volatile month-to-month, but has been mostly moving sideways over the last few years. Single-family starts (blue) increased in August, and are up 17.1% year-over-year. The second graph shows total and single unit starts since 1968.  The second graph shows the huge collapse following the housing bubble, and then - after moving sideways for a couple of years - housing is now recovering (but still historically low), Total housing starts in August were above expectations, And starts for June and July were revised up.    Also permits were strong in August.  I'll have more later ...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:22 AM » Yellen Sees QE as a Tool of the Future But Her Successor May Not
    Published Tue, Sep 19 2017 8:22 AM by Bloomberg
    Bloomberg Yellen Sees QE as a Tool of the Future But Her Successor May Not Bloomberg A decade after the financial crisis first flickered, the U.S. is set this week to lead the developed world in exiting unconventional policies that central banks unleashed to save the global economy. And while it will take years to complete, dismantling ...
  • 8:21 AM » Fannie Mae Announces Enhanced Hybrid Adjustable-Rate ...
    Published Tue, Sep 19 2017 8:21 AM by Fannie Mae
    News Release. Share This: September 18, 2017. Fannie Mae Announces Enhanced Hybrid Adjustable-Rate Mortgage for ...
  • 8:20 AM » CORELOGIC REPORTS A 16.9 PERCENT YEAR-OVER-YEAR INCREASE IN MORTGAGE FRAUD RISK IN THE SECOND QUARTER OF 2017
    Published Tue, Sep 19 2017 8:20 AM by www.corelogic.com
    New York Overtakes Florida as the State with the Highest Overall Fraud Risk Florida Dropped to Number 3 State Rank Because of 3 Percent Decrease in Application Fraud Risk Year Over Year Iowa Had the Largest Year-Over-Year Increase in Fraud Risk CoreLogic ® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its latest Mortgage Fraud Report . As of the end of the second quarter of 2017, the report shows a 16.9 percent year-over-year increase in fraud risk, as measured by the CoreLogic Mortgage Application Fraud Risk Index. The analysis found that during the second quarter of 2017, an estimated 13,404 mortgage applications, or 0.82 percent of all mortgage applications, contained indications of fraud, as compared with the reported 12,718, or 0.70 percent in the second quarter of 2016. The CoreLogic Mortgage Fraud Report analyzes the collective level of loan application fraud risk the mortgage industry is experiencing each quarter. CoreLogic develops the index based on residential mortgage loan applications processed by CoreLogic LoanSafe Fraud Manager ™ , a predictive scoring technology. The report includes detailed data for six fraud type indicators that complement the national index: identity, income, occupancy, property, transaction, and undisclosed real estate debt. “This past year we saw a relatively large increase in the CoreLogic National Mortgage Application Fraud Index,” said Bridget Berg, principal, Fraud Solutions for CoreLogic. “If the factors that influenced the increase continue, including a shift to purchase transactions and growing wholesale channel origination activity, it is likely that mortgage application fraud risk will continue to rise as well. Fraud on cash-out refinance transactions and home equity loans may become more of a factor in the coming years as home values and equity rise.” Report Highlights: New York is the state with...
    Click Here to Read the Full Article

    Source: www.corelogic.com
« First ... < Previous 6 7 8 9 10 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 3.95%
  • |
  • 15 Yr FRM 3.25%
  • |
  • Jumbo 30 Year Fixed 4.15%
MBS Prices:
  • 30YR FNMA 4.5 107-05 (0-01)
  • |
  • 30YR FNMA 5.0 108-28 (-0-01)
  • |
  • 30YR FNMA 5.5 110-22 (-0-02)
Recent Housing Data:
  • Mortgage Apps 3.27%
  • |
  • Refinance Index 5.05%
  • |
  • Purchase Index 1.43%