Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
1,270
# of Questions
Select a Date
Use the calendar to view news headlines from a specific date.
Today  |  Yesterday  |  Random
Bottom Right Default
State Name: Washington
State Name underscore: Washington
State Name dash: Washington
State Name lower underscore: washington
State Name lower dash: washington
State Name lower: washington
State Abbreviation: WA
State Abbreviation Lower: wa
Suggest a Story
Paste the URL of the story below to submit for editorial review and possible inclusion in ATW.
Please add 2 and 2 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.
  • Mon, Apr 16 2012
  • 11:15 PM » How Shape-Shifting Banks Foil Dodd-Frank Act
    Published Mon, Apr 16 2012 11:15 PM by Bloomberg
    How Shape-Shifting Banks Foil Dodd-Frank Act Bloomberg Deutsche Bank AG (DBK) recently separated its US investment bank from its bank holding company, removing it from supervision by the Federal Reserve. So far, US regulators have reacted passively to such moves by foreign banks to avoid the heightened ... and more »
  • 11:12 PM » Bank of America to Sell 31-Story Manhattan Office Tower - Bloomberg
    Published Mon, Apr 16 2012 11:12 PM by Bloomberg
    Bank of America to Sell 31-Story Manhattan Office Tower Bloomberg Bank of America Corp. agreed to sell a 31-story office tower at 222 Broadway to Beacon Capital Partners LLC and L&L Holding Co. The Charlotte, North Carolina-based bank will lease about 590000 square feet (54800 square meters) at the building following ...
  • 11:11 PM » Fed tries to steer clear of controversial bond buys
    Published Mon, Apr 16 2012 11:11 PM by Reuters
    WASHINGTON (Reuters) - The U.S. Federal Reserve is independent but it does not exist in a vacuum, as waning appetite at the central bank for contentious bond purchases suggests.
  • 11:07 PM » Treasuries Hold Gain on Concern Debt Crisis Is Deepening
    Published Mon, Apr 16 2012 11:07 PM by Bloomberg
    Treasuries Hold Gain on Concern Debt Crisis Is Deepening Bloomberg Treasury 10-year yields were less than 2 percent for a third consecutive day on speculation the European sovereign-debt crisis is intensifying. Yields on the benchmark note fell to the lowest level in six weeks yesterday even as a report showed retail ... and more »
  • 5:59 PM » Romney's Mortgage-Tax Plan Is a Drop in the Bucket
    Published Mon, Apr 16 2012 5:59 PM by Bloomberg
    Romney's Mortgage-Tax Plan Is a Drop in the Bucket Bloomberg Mitt Romney, the presumptive Republican presidential nominee, was overheard this weekend saying he'd tinker with the ever-popular mortgage-interest tax deduction to help achieve his goal of cutting individual tax rates across the board by 20 percent.
  • 5:58 PM » Fed's Fisher Changed His Vote On Crisis Interest Rates Over Lunch
    Published Mon, Apr 16 2012 5:58 PM by CNBC
    Federal Reserve Bank of Dallas President Richard Fisher initially provided the only "No" vote on a motion before the Federal Open Market Committee at the height of the financial crisis-only to reverse his vote after an unrecorded lunch break, according to a heavily redacted transcript of Fed documents released Monday afternoon.
  • 5:58 PM » CNBC: Why I'm Nervous About Housing
    Published Mon, Apr 16 2012 5:58 PM by CNBC
    Big week for housing, and I'm a little nervous. The NAHB Housing Market Index was disappointing this morning: lots of talk about NAHB Chief Economist David Crowe, who said, "Interest expressed by buyers in the past few months has yet to translate into expected sales activity."
  • 3:32 PM » ICBA: Community Banks Keep Rural America Growing
    Published Mon, Apr 16 2012 3:32 PM by www.icba.org
    ICBA: Community Banks Keep Rural America Growing<br/>http://www.icba.org/news/newsreleasedetail.cfm?ItemNumber=125153
  • 3:32 PM » NAR: Just Over 60 Percent of Buyers with a Mortgage Made Down Payments Less Than 11 Percent
    Published Mon, Apr 16 2012 3:32 PM by National Association of Realtors
    According to information in the latest Realtors® Confidence Index, a total of 32 percent of residential home purchasers were reported as making an initial down payment of 20 percent or more in February 2012 among those obtaining a mortgage. Approximately 64 percent of purchasers obtaining mortgages were reported as making down payments less than 11 [...]
    Click Here to Read the Full Article

    Source: National Association of Realtors
  • 2:15 PM » World Bank Chooses U.S.-Backed Kim To Be Its Next President
    Published Mon, Apr 16 2012 2:15 PM by www.npr.org
    Dartmouth President Jim Yong Kim is a former director of the Department of HIV/AIDS at the World Health Organization.
  • 2:14 PM » California Home Prices Rise for First Time in 16 Months
    Published Mon, Apr 16 2012 2:14 PM by Bloomberg
    California Home Prices Rise for First Time in 16 Months Bloomberg California home prices rose 1.6 percent in March, the first year-over-year increase in 16 months, helped by demand for houses in the San Francisco area, the California Association of Realtors said today. The statewide median price for an existing ...
  • 2:12 PM » ABA: Broad Qualified Mortgage Rule With Safe Harbor Essential To Housing Recovery
    Published Mon, Apr 16 2012 2:12 PM by American Bankers Assoc.
    Washington, April 16, 2012 -- "A broadly defined Qualified Mortgage (QM) rule that includes a safe harbor from meritless lawsuits is essential to preserving credit availability and supporting the housing recovery," said Frank Keating, president and CEO of the American Bankers Association.
    Click Here to Read the Full Article

    Source: American Bankers Assoc.
  • 12:57 PM » Global Housing Fears Spur Calls for Fixes
    Published Mon, Apr 16 2012 12:57 PM by WSJ
    Four years after a deflating U.S. housing bubble sparked a global financial crisis, housing worries in the U.S. and other countries are weighing on the world economy.
  • 12:57 PM » This chart shows why Romney is right to want to eliminate HUD
    Published Mon, Apr 16 2012 12:57 PM by blog.american.com
    If you knew nothing about U.S. economic policy over the past decade or so, looking at this chart from the St. Louis Fed would certainly give you the idea that Washington did something to a) make housing more affordable to low-income households and b) to boost housing prices (and thus the incomes of low-income households). [...]
    Click Here to Read the Full Article

    Source: blog.american.com
  • 12:55 PM » Ambac Sues Bank of America Over Mortgage-Based Securities
    Published Mon, Apr 16 2012 12:55 PM by Bloomberg
    Ambac Sues Bank of America Over Mortgage-Based Securities Bloomberg Ambac Assurance Corp. sued Bank of America Corp. in New York state court, accusing the company of breach of contract over a mortgage-backed securitization sponsored by its Merrill Lynch unit. First Franklin Financial Corp., three Merrill Lynch units ...
  • 12:46 PM » Credit Suisse Paid $6.8 Billion for AIG's Home-Loan Bonds
    Published Mon, Apr 16 2012 12:46 PM by Bloomberg
    Credit Suisse Paid $6.8 Billion for AIG's Home-Loan Bonds Bloomberg Credit Suisse Group AG (CS) paid $6.8 billion to the Federal Reserve Bank of New York for $13 billion of home-loan bonds that had been assumed in the US rescue of American International Group Inc. (AIG), according to data posted today on the central ... and more »
  • 12:44 PM » Federal Reserve Board issues a consent cease and desist order and civil money penalty against the Bank of New York Mellon (BNYM)
    Published Mon, Apr 16 2012 12:44 PM by Federal Reserve
    Federal Reserve Board issues a consent cease and desist order and civil money penalty against the Bank of New York Mellon (BNYM)
    Click Here to Read the Full Article

    Source: Federal Reserve
  • 12:44 PM » BNY Mellon Fined $6 Million for Mistake in Fed Lending Program - Bloomberg
    Published Mon, Apr 16 2012 12:44 PM by Bloomberg
    BNY Mellon Fined $6 Million for Mistake in Fed Lending Program Bloomberg Bank of New York Mellon Corp., the world's largest custody bank, was fined $6 million by the Federal Reserve Board for misstating the collateral it pledged to a government lending program in 2008. A portion of the collateral the bank pledged to the ... and more »
  • 12:44 PM » Economy has picked up pace: Fed's Pianalto
    Published Mon, Apr 16 2012 12:44 PM by Market Watch
    WASHINGTON (MarketWatch) - The economy is displaying faster forward momentum, said Sandra Pianalto, the president of the Cleveland Federal Reserve Bank, on Monday. "If our economy were a Kentucky thoroughbred, I'd say we have moved from a walk to a trot, but we're far from a gallop," Pianalto said in speech to bank regulators in Lexington, Kentucky. Although the labor market statistics are hard to read given monthly ups and downs, the labor market is still improving at a modest pace, Pianalto said. The Cleveland Fed president did not address monetary policy in her prepared remarks. In a speech earlier in the month, Pianalto backed a steady policy stance, saying more easing could put the Fed's goal of stable inflation at risk.
  • 12:42 PM » Thomas M. Hoenig and Jeremiah O. Norton Join FDIC Board
    Published Mon, Apr 16 2012 12:42 PM by content.govdelivery.com
    Press Release Thomas M. Hoenig and Jeremiah O. Norton Join FDIC Board   FOR IMMEDIATE RELEASE April 16, 2012 Media Contact: David Barr (202) 898-6992 Email:  dbarr@fdic.gov   Thomas M. Hoenig and Jeremiah O. Norton were sworn in today as members of the Board of Directors of the Federal Deposit Insurance Corporation. FDIC Acting Chairman Martin J. Gruenberg said, "I welcome Thomas Hoenig and Jeremiah Norton to the FDIC and look forward to working with them. They both are accomplished individuals, and their perspectives and experience will be important additions to the board as the FDIC continues to respond to a number of challenging issues and continues with the rulemaking process." Prior to joining the FDIC's board, Mr. Hoenig was the president of the Federal Reserve Bank of Kansas City and a member of the Federal Reserve System's Federal Open Market Committee from 1991 to 2011. Mr. Hoenig joined the Federal Reserve Bank in 1973 and received his doctorate in economics from Iowa State University. Jeremiah O. Norton joins the Board after serving as an executive director at J.P. Morgan Securities in New York. He was in government for a number of years before that, most recently as the deputy assistant secretary for financial institutions policy at the U.S. Treasury Department. Mr. Norton also was a legislative assistant and professional staff member for U.S. Representative Edward R. Royce. Mr. Norton received his J.D. from the Georgetown University Law Center and an A.B. in economics from Duke University. # # # Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 7,359 banks and savings associations, and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars — insured financial...
    Click Here to Read the Full Article

    Source: content.govdelivery.com
  • 11:21 AM » Pandit: Citi to resubmit stress test by mid-June
    Published Mon, Apr 16 2012 11:21 AM by Market Watch
    NEW YORK (MarketWatch) -- The chief executive of Citigroup Inc. , Vikram Pandit, said on Monday that the bank expects to receive additional information from the Federal Reserve this month about its stress test. Citigroup, Pandit noted, has to resubmit the stress test by the middle of June and the Fed will have 75 days after the resubmission to review the bank's capital plan. Speaking on a conference call with analysts, Pandit said the bank will keep building its capital. He also said that "there is still much macro uncertainty and we will continue to manage our risk carefully."
  • 11:16 AM » Fed Releases Principles on Financial Market Infrastructures
    Published Mon, Apr 16 2012 11:16 AM by Bloomberg
    Fed Releases Principles on Financial Market Infrastructures Bloomberg US regulators published a final report on principles for financial market infrastructures aimed at strengthening risk management for payments systems and central counterparties. The principles, released today by the Federal Reserve, Commodity Futures ...
  • 9:15 AM » NAR: Small Changes to Mortgage Insurance Premiums Add Up
    Published Mon, Apr 16 2012 9:15 AM by National Association of Realtors
    On April 9th, the FHA made another round of changes to the mortgage insurance premiums that it charges. The FHA has increased its premiums as a means of shoring up its books in light of high delinquency and foreclosure rates on legacy lending programs. While the increases to the MIPs are small on their face, [...]
    Click Here to Read the Full Article

    Source: National Association of Realtors
  • 9:09 AM » Citigroup Profit Beats Street, Revenue Falls Short
    Published Mon, Apr 16 2012 9:09 AM by CNBC
    Citigroup reported quarterly earnings that topped Wall Street's expectations on Monday, but revenues came in below expectations.
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 4.13%
  • |
  • 15 Yr FRM 3.30%
  • |
  • Jumbo 30 Year Fixed 4.00%
MBS Prices:
  • 30YR FNMA 4.5 108-05 (-0-02)
  • |
  • 30YR FNMA 5.0 110-18 (-0-02)
  • |
  • 30YR FNMA 5.5 111-16 (0-00)
Recent Housing Data:
  • Mortgage Apps -7.23%
  • |
  • Refinance Index -10.65%
  • |
  • FHFA Home Price Index 0.67%