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  • Tue, Apr 16 2013
  • 4:07 PM » National Credit Default Rates Decreased in March 2013
    Published Tue, Apr 16 2013 4:07 PM by press.experian.com
    National Credit Default Rates Decreased in March 2013<br/>http://press.experian.com/United-States/Press-Release/national-credit-default-rates-decreased-in-march-2013-according.aspx
    Click Here to Read the Full Article

    Source: press.experian.com
  • 4:05 PM » Fed's Duke Sees Credit Easing Except in Mortgage Market
    Published Tue, Apr 16 2013 4:05 PM by Bloomberg
    Fed's Duke Sees Credit Easing Except in Mortgage Market Bloomberg Federal Reserve Governor Elizabeth Duke said the U.S. economy is strengthening as credit conditions improve in most areas except the mortgage market. "The economy does seem to be strengthening -- particularly the housing market seems to be ...
  • 4:03 PM » Statement from NAHB Chairman Rick Judson on Senate Immigration Bill
    Published Tue, Apr 16 2013 4:03 PM by NAHB
    Press Release
  • 3:07 PM » Minutes of the Board's discount rates meetings from February 11 through March 18, 2013
    Published Tue, Apr 16 2013 3:07 PM by Federal Reserve
    Minutes of the Board's discount rates meetings from February 11 through March 18, 2013
    Click Here to Read the Full Article

    Source: Federal Reserve
  • 3:05 PM » FDIC Statement: Who Is Too Big To Fail? Examining the Application of Title I of the Dodd-Frank Act
    Published Tue, Apr 16 2013 3:05 PM by content.govdelivery.com
    Statement of Federal Deposit Insurance Corporation by James R. Wigand, Director, Office Of Complex Financial Institutions And Richard J. Osterman, Jr., Acting General Counsel on Who Is Too Big To Fail? Examining the Application of Title I of the Dodd-Frank Act before the Subcommittee on Oversight and Investigations of the Committee on Financial Services of the U.S. House of Representatives on April 16, 2013 is available at:   http://www.fdic.gov/news/news/speeches/spapr1613.html   FDIC speeches, testimony, and other information are available on the Internet at www.fdic.gov , by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html ) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). 
    Click Here to Read the Full Article

    Source: content.govdelivery.com
  • 11:49 AM » Evans Says US Still Needs Fed QE Even With Brighter Outlook
    Published Tue, Apr 16 2013 11:49 AM by Bloomberg
    Evans Says US Still Needs Fed QE Even With Brighter Outlook Bloomberg Federal Reserve Bank of Chicago President Charles Evans said he is "optimistic" about U.S. growth in 2013 and next year, while cautioning that the economy still needs record monetary stimulus. "I don't think we should be complacent" about the economic ... and more »
  • 11:48 AM » Is Multi-Family Construction Overheating?
    Published Tue, Apr 16 2013 11:48 AM by CNBC
    U.S. builders ratcheted up new construction in March, but the growth was entirely in apartment buildings.
  • 11:29 AM » Breaking Up US Banks Means Chinese Banks Win: Bove
    Published Tue, Apr 16 2013 11:29 AM by CNBC
    Breaking up "too big to fail" banks could allow Chinese banks to top financial system, banking analyst Bove told CNBC.
  • 10:38 AM » IRS auditors targeting small business owners — but there are ways to protect your company
    Published Tue, Apr 16 2013 10:38 AM by Washington Post
    A new study used by the Internal Revenue Service to determine its auditing priorities shows small business owners in a handful of metropolitan areas are particularly likely to cheat Uncle Sam. Consequently, the agency may target small firms as it combs through tax filings this year, according to a report from the Associated Press. Read full article >>        
    Click Here to Read the Full Article

    Source: Washington Post
  • 10:36 AM » IMF trims global growth forecast, sees bumpy recovery
    Published Tue, Apr 16 2013 10:36 AM by Reuters
    WASHINGTON (Reuters) - The International Monetary Fund on Tuesday shaved projections for global economic growth for this year and next to take into account sharp government spending cuts in the United States and the latest struggles of recession-stricken Europe.
  • 10:35 AM » Cyprus central bank failed in its job, president tells ECB
    Published Tue, Apr 16 2013 10:35 AM by Reuters
    NICOSIA (Reuters) - The governor of Cyprus's central bank failed to regulate its now-crippled banking system effectively, the island's president Nicos Anastasiades said in a letter to ECB chief Mario Draghi.
  • 10:09 AM » Census Bureau Reports Rental Vacancy Rates Down Nationally; Impact Differs by Metro Area
    Published Tue, Apr 16 2013 10:09 AM by www.census.gov
    The rental vacancy rates for the nation declined from 8.4 percent in 2009 to 7.4 percent in 2011, according to one of two American Community Survey briefs covering the housing market released today by the U.S. Census Bureau. Approximately four times as many metro areas experienced declines in rental vacancy ...
    Click Here to Read the Full Article

    Source: www.census.gov
  • 9:53 AM » WA Superior Court Recognizes MERS as Agent of Beneficiary
    Published Tue, Apr 16 2013 9:53 AM by MERS
    Superior Court Judge's Decision Upholds MERS' Role Post-Bain FOR IMMEDIATE RELEASE CONTACT: Jason Lobo Phone: 703.652.1660 Email: jasonl@mersinc.org Reston, Virginia, April 16, 2013 - MERSCORP Holdings, Inc. today announced that Washington Superior Court Judge Bruce I. Weiss recently granted MERS' and its co-defendant member's motion for summary judgment, denying a plaintiff's wrongful foreclosure complaint seeking to set aside a completed trustee sale of his property. In Peeters v. Green Tree Servicing, LLC , Judge Weiss granted the defendants' motion for summary judgment, dismissing all claims against the defendants, finding the "Plaintiff's Complaint fails, as a matter of law..." Among other allegations, the plaintiff claimed the non-judicial foreclosure sale of his property was invalid because MERS was an invalid trust deed beneficiary according to Washington law and the MERS deed of trust was unenforceable because it was "split" from the note. The defendants countered by citing the Washington Supreme Court's decision in Bain v. Metro. Mortgage Group Inc. The non-judicial foreclosure was valid, they argued, because Green Tree Servicing, LLC was the note-holder throughout the foreclosure process, thereby making it the proper party to foreclose regardless of the designation of MERS as trust deed beneficiary. The defendants also referred to the portions of the Bain decision where the Supreme Court noted that MERS can be an agent of the note-holder making a "split" of the trust deed and note impossible. They lastly pointed to the Bain Court's conclusion that all relevant parties are identified in a MERS deed of trust and merely naming MERS in a deed of trust in no way voids the document. "This Court's decision and similar recent decisions from Washington federal and state courts affirms the limited holding of the Bain decision as it relates to the enforceability of MERS deeds of trust in the state...
  • 9:05 AM » Fed's Dudley calls bond-buy level 'appropriate'
    Published Tue, Apr 16 2013 9:05 AM by Market Watch
    WASHINGTON (MarketWatch) -- New York Fed President William Dudley, a key voting member of the Federal Open Market Committee, on Tuesday said the current rate of bond purchases at the Fed is "appropriate" given the benefits so far, the lack of substantial improvement in the labor market and inflation running well below the Fed's 2% target. While he didn't want to read too much into March data showing just 88,000 jobs created, "this underscores the need to wait and see how the economy develops before declaring victory prematurely," Dudley told the Staten Island Chamber of Commerce. He said "at some point" he expects to see improved economic momentum that would enable him to favor gradually dialing back the $45 billion in Treasury securities and $40 billion in mortgage-backed securities purchased each month. "Of course, any subsequent bad news could lead me to favor dialing them back up again," he added.
  • 9:02 AM » Fed's Dudley: The Outlook for the National and Local Economy
    Published Tue, Apr 16 2013 9:02 AM by NY Fed
    Remarks at the Staten Island Chamber of Commerce, Staten Island, New York
  • 8:58 AM » Housing Starts Jump 7.0% in March Vs. 7.3% in February
    Published Tue, Apr 16 2013 8:58 AM by CNBC
    Economists polled by Reuters had forecast new housing starts in March would rise to 930,000 from 917,000 in February, and estimates new building permits would tick higher to 940,000, up from 939,000.. Analysts at Reuters forecast the Consumer Price Index remained flat month-on-month in March, compared with a rise of 0.7 percent in February.
  • 7:17 AM » Housing Starts in US Probably Increased as Progress Sustained
    Published Tue, Apr 16 2013 7:17 AM by Business Week
    Housing Starts in US Probably Increased as Progress Sustained Businessweek Builders probably began work on more new homes in March, a sign one of the bright spots of the U.S. expansion is making steady progress, economists said before a report today. Housing starts increased to a 930,000 annualized pace, the second-strongest ...
    Click Here to Read the Full Article

    Source: Business Week
  • 7:14 AM » Plosser Favors Selling Securities in Eventual Fed Stimulus Exit
    Published Tue, Apr 16 2013 7:14 AM by Business Week
    Plosser Favors Selling Securities in Eventual Fed Stimulus Exit Businessweek Philadelphia Federal Reserve Bank President Charles Plosser said an eventual withdrawal of Fed stimulus should include sale of securities on its balance sheet and a return to the federal funds rate as the main policy tool. "I am uncomfortable declaring at this ... and more »
    Click Here to Read the Full Article

    Source: Business Week
  • 7:07 AM » Stock Futures Point Higher As Commodities Sell-Off Eases
    Published Tue, Apr 16 2013 7:07 AM by CNBC
    Monday's tragic events in Boston are foremost on the minds of investors this morning, with more details expected at a briefing by law enforcement officials at 9:30 a.m. ET.
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Recent Housing Data:
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