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 6 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.
  • Thu, Mar 6 2014
  • 9:49 PM » Exclusive: Pimco's Gross declares El-Erian is 'trying to undermine me'
    Published Thu, Mar 06 2014 9:49 PM by Reuters
    (Reuters) - Bill Gross, the co-founder and co-chief investment officer of Pacific Investment Management Co, has accused departing CEO Mohamed El-Erian of seeking to "undermine" him by talking to The Wall Street Journal about deepening tensions between the two executives who have been jointly running the world's largest bond house.
  • 9:44 PM » January Portland Region Home Sale Press Release
    Published Thu, Mar 06 2014 9:44 PM by DataQuick
    Portland Region January Home Sales Portland-area homes sold at the fastest pace for a January in seven years amid robust investor purchases and sales gains for mid- to high-end houses as well as resale condos. The median sale price rose year-over-year for the 23rd consecutive month, though the 8.5 percent annual increase was the smallest in more than a year, a real estate information service reported. A total of 2,045 new and resale houses and condos closed escrow during January in the five-county Portland-Vancouver-Beaverton metro area. Sales fell 23.2 percent from the prior month and rose 3.1 percent from a year earlier, according to San Diego-based DataQuick. The firm tracks real estate trends nationally via public property records. A sharp sales drop between December and January is normal for the season. On average, sales between those two months have fallen 18.7 percent since 1994, when DataQuick's complete Portland-area statistics begin. Although January's sales tally was the highest for that month since 2007, it was 16.2 percent short of the average sales total for all months of January since 1994. Sales of existing (not new) single-family detached houses were 15.2 percent below the historical January average, while new-home sales were 37.7 percent below average. January's condo resales, which rose 14.7 percent from a year earlier, were 48.1 percent above the January average. Investors continued to play a significant role in the Portland-area market. Absentee buyers - mostly investors and some second-home buyers - purchased 29.4 percent of all homes sold in January, up from 28.8 percent the prior month and 28.3 percent a year earlier. The monthly average for absentee purchases since January 2000 is 19.7 percent. Sales of mid- to high-end homes continued to rise year-over-year, while lower-cost deals declined. January sales below $200,000 dropped 37.7 percent from a year earlier, while sales below $300,000 fell 22.7 percent. January home sales above...
  • 3:55 PM » Trulia: Asking House Prices up 10.4% year-over-year in February, Price increases "Slowdown"
    Published Thu, Mar 06 2014 3:55 PM by Calculated Risk Blog
    Nationally, asking home prices rose 10.4% year-over-year in February 2014, down slightly after peaking in November 2013. But the year-over-year change is an average of the past twelve months and therefore obscures the most recent trends in prices. Looking at quarter-over-quarter changes instead, it's clear that price gains have been slowing for most of the last year: asking home prices rose just 1.9% in February - a rate similar to those recorded in January and December - compared with increases near 2.5% from July 2013 to November 2013 and over 3% from April 2013 to June 2013. The quarter-over-quarter change in asking prices topped out at 3.5% in April 2013 and now, at 1.9%, the increase is just over half of that peak.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 3:48 PM » Fed should proceed with bond-buying taper, Lockhart says
    Published Thu, Mar 06 2014 3:48 PM by Reuters
    (Reuters) - The Federal Reserve should continue to pare its massive bond-buying program even if a key jobs report due out on Friday falls short of expectations, a top Fed official said on Thursday.
  • 3:47 PM » CFPB to conduct debt collection mail survey
    Published Thu, Mar 06 2014 3:47 PM by www.cfpbmonitor.com
    John L. Culhane, Jr. The CFPB will be publishing a notice in tomorrow’s Federal Register indicating that it plans to seek approval from the Office of Management and Budget “to conduct a mail survey of consumers to learn about their experiences interacting with the debt collection industry.” According to the notice, the survey will ask consumers about: their experiences with... More >
    Click Here to Read the Full Article

    Source: www.cfpbmonitor.com
  • 2:51 PM » Market Extra: Soft jobs data are already baked into markets
    Published Thu, Mar 06 2014 2:51 PM by Market Watch
    With a jobs report Friday that's likely to again be tarnished by the weather, there's little indication that it will threaten the bull market for stocks or cause substantial disruption in other markets, strategists say.
  • 1:59 PM » Investors ready for mortgage-credit risk: Treasury
    Published Thu, Mar 06 2014 1:59 PM by Market Watch
    WASHINGTON (MarketWatch) -- Congress's lack of progress on reforming the U.S. housing-finance system shouldn't be "an excuse" to delay rebuilding the market for private-label mortgage securities, a senior U.S. Treasury Department official said Thursday. "Many investors have told us that they can and want to take mortgage credit risk," said Michael Stegman, housing-finance counselor to the Treasury secretary, in prepared remarks at a research conference in New York. Adding simplicity and transparency is a key first step, he said. "To get back to an efficient, responsible, and sustainable level of complexity, and to rebuild trust, the new issue non-agency market must first follow a path of greater standardization and transparency," Stegman said. Federally controlled mortgage buyers Fannie Mae and Freddie Mac have been in a conservatorship since 2008, an arrangement that has lingered with U.S. lawmakers disagreed over the appropriate role for government in housing finance.
  • 1:58 PM » Deutsche Bank Sells First Homeowner Energy-Efficiency Securities - Bloomberg
    Published Thu, Mar 06 2014 1:58 PM by Bloomberg
    Deutsche Bank Sells First Homeowner Energy-Efficiency Securities Bloomberg Deutsche Bank AG sold the first securities backed by bonds tied to U.S. energy-saving projects in a deal that follows a federal agency's objections to the underlying homeowner borrowing. The Western Riverside Council of Governments in California issued  ...
  • 12:32 PM » Household wealth rises to record $80.7 trillion
    Published Thu, Mar 06 2014 12:32 PM by CNBC
    U.S. household net worth hit a new high in 2013, as the value of real estate and shareholdings rose and bank accounts swelled, the Fed reported.
  • 11:35 AM » What happens to prices when Wall St is the landlord
    Published Thu, Mar 06 2014 11:35 AM by CNBC
    Institutional investors' ownership of residential properties helped push the price of homes up 14 percent over two years, RealtyTrac says.
  • 11:21 AM » Friday's jobs report: No surprise if it's chilled
    Published Thu, Mar 06 2014 11:21 AM by CNBC
    February's job gains were likely once more chilled by bad winter weather, and even March's employment report could be slushy.
  • 10:54 AM » Shiller's Bubble Warning Turns Prophecy for Banke
    Published Thu, Mar 06 2014 10:54 AM by Bloomberg
    Shiller's Bubble Warning Turns Prophecy for Banker: Andes Credit Bloomberg Finance Minister Mauricio Cardenas said, "We don't see a bubble in house prices that... Read More. Finance Minister Mauricio Cardenas said, "We don't see a bubble in house prices that doesn't correspond to the economy's fundamentals." Close. Close.
  • 10:47 AM » NAHB: Leading Markets Index Shows 59 Metros at or Above Normal Levels in March
    Published Thu, Mar 06 2014 10:47 AM by NAHB
    Press Release
  • 10:45 AM » Freddie Mac: Fixed Mortgage Rates Reverse Course
    Published Thu, Mar 06 2014 10:45 AM by freddiemac.mwnewsroom.com
    Fixed Mortgage Rates Reverse Course
    Click Here to Read the Full Article

    Source: freddiemac.mwnewsroom.com
  • 9:59 AM » Dudley says threshold high for changing taper plans
    Published Thu, Mar 06 2014 9:59 AM by Reuters
    (Reuters) - The U.S. economic outlook would have to change substantially for the Federal Reserve to alter the pace at which it is winding down asset purchases, a top U.S. central banker said on Thursday.
  • 9:20 AM » Draghi Says Inflation to Accelerate as Low ECB Rates Affirmed - Bloomberg
    Published Thu, Mar 06 2014 9:20 AM by Bloomberg
    Draghi Says Inflation to Accelerate as Low ECB Rates Affirmed Bloomberg Mario Draghi said that inflation in the euro region will accelerate over the next 2 1/2 years, signaling that deflation risks facing the economy may abate. President Draghi, who presented new economic and inflation projections today, also reiterated the  ... and more »
  • 9:20 AM » U.S. jobless claims tumble to three-month low
    Published Thu, Mar 06 2014 9:20 AM by Reuters
    WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected and hit a three-month low last week, a sign of strength in a labor market that has been hobbled by severe weather.
  • 8:34 AM » Planned layoffs in the US down 7.3% to 41,835: Challenger
    Published Thu, Mar 06 2014 8:34 AM by CNBC
    This is a breaking news story. Please check back for updates.. Click here for market reaction.
  • 8:34 AM » Fed's Plosser 'very worried' about QE consequences
    Published Thu, Mar 06 2014 8:34 AM by CNBC
    Philadelphia Federal Reserve President Charles Plosser is "very worried" about the potential for unintended consequences of the Fed's exit from its massive quantitative easing program.
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 3.99%
  • |
  • 15 Yr FRM 3.16%
  • |
  • Jumbo 30 Year Fixed 3.91%
MBS Prices:
  • 30YR FNMA 4.5 108-11 (0-04)
  • |
  • 30YR FNMA 5.0 110-22 (0-03)
  • |
  • 30YR FNMA 5.5 111-22 (0-02)
Recent Housing Data:
  • Mortgage Apps 11.56%
  • |
  • Refinance Index 23.29%
  • |
  • FHFA Home Price Index 0.67%