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  • Tue, Apr 29 2014
  • 10:48 PM » U.S. consumer confidence rebounds to pre-crisis levels in first quarter: Nielsen
    Published Tue, Apr 29 2014 10:48 PM by Reuters
    LONDON (Reuters) - U.S. consumer sentiment rose sharply in the first quarter as optimism about the economic outlook improved, according to a global survey which also showed rising confidence in debt-laden euro zone countries.
  • 10:48 PM » China Set to Overtake US as Biggest Economy Using PPP Measure - Bloomberg
    Published Tue, Apr 29 2014 10:48 PM by Bloomberg
    China Set to Overtake US as Biggest Economy Using PPP Measure Bloomberg Workers make final inspections on vehicles on the production line at a plant operated by Dongfeng Peugeot-Citroen Automobile Ltd., in Wuhan, China. Close. Workers make final inspections on vehicles on the production line at a plant operated... Read More.
  • 10:48 PM » Ukraine separatists seize second provincial capital, fire on police
    Published Tue, Apr 29 2014 10:48 PM by Reuters
    LUHANSK, Ukraine (Reuters) - Hundreds of pro-Moscow separatists stormed government buildings in one of Ukraine's provincial capitals on Tuesday and fired on police holed up in a regional headquarters, a major escalation of their revolt despite new Western sanctions on Russia.
  • 10:30 PM » Treasuries Head for Fifth-Straight April Gain Before GDP Data - Bloomberg
    Published Tue, Apr 29 2014 10:30 PM by Bloomberg
    Treasuries Head for Fifth-Straight April Gain Before GDP Data Bloomberg Treasuries headed for a gain this month, a fifth-straight April rally, before a government report economists said will show U.S. gross-domestic-product growth slowed in the first quarter. April is the only month that currently has such a long winning streak.
  • 10:30 PM » What to Expect From Wednesday Fed Decision: WSJ's Hilsenrath and Reddy Discuss
    Published Tue, Apr 29 2014 10:30 PM by WSJ
    The Federal Reserve began a two-day policy meeting Tuesday to assess the economy's bumpy path and decide how to pull back its bond-buying program. In a live video chat, Journal economics correspondents Jon Hilsenrath and Sudeep Reddy discussed what they expected to come from the meeting and what factors they believe would impact Fed decisions. To hear their analysis, click on the video player below or to go http://www.spreecast.com/events/hilsenrath-reddy-on-april-fed-meeting .
  • 10:30 PM » 'The big gains are behind us': Pimco
    Published Tue, Apr 29 2014 10:30 PM by CNBC
    As central banks reign in dovish policies, bond and equity returns are going to shrink back to "normal."
  • 2:55 PM » Jed Kolko: Why Conforming Loan Limits Should Be Part of Housing-Finance Reform -- But Aren't
    Published Tue, Apr 29 2014 2:55 PM by The Huffington Post
    The U.S. housing finance system is national, but housing markets are local. Local markets often face different housing challenges: today, California's... Read more: Housing Finance Reform , Politics News , Foreclosure Crisis , Freddie Mac , GSE Reform , Foreclosure , Affordable Housing , Johnson-Crapo-Legislation , Fannie Mae , Gse , Housing Crisis , Home Foreclosures , Politics News
    Click Here to Read the Full Article

    Source: The Huffington Post
  • 2:55 PM » Home Prices Made 'Only a Partial Recovery,' Raskin Says - Bloomberg
    Published Tue, Apr 29 2014 2:55 PM by Bloomberg
    Home Prices Made 'Only a Partial Recovery,' Raskin Says Bloomberg U.S. house prices have made "only a partial recovery" from their lows, and long-term unemployment is more than twice as high as its historical norm, Treasury Deputy Secretary Sarah Bloom Raskin said. "Tightened credit markets make it more difficult to ...
  • 2:55 PM » The Fed: No fireworks expected at Fed meeting
    Published Tue, Apr 29 2014 2:55 PM by Market Watch
    Fed Chairwoman Janet Yellen and her colleagues are expected continue to taper asset purchases but otherwise hold policy steady at their two-day meeting that ends Wednesday.
  • 2:54 PM » Who's buying U.S. bonds? China!
    Published Tue, Apr 29 2014 2:54 PM by CNBC
    David Yoo, forex and rates strategist at BofA Merrill Lynch, thinks he knows what's been driving low bond yields: China
  • 2:54 PM » Apple sells $12 billion in corporate debt offering
    Published Tue, Apr 29 2014 2:54 PM by Market Watch
    NEW YORK (MarketWatch) -- Apple Inc. is selling $12 billion in corporate bonds Tuesday in its second major debt offering in the last 12 months, as it raises money to fund its shareholder return program. The debt is being issued in seven parts, with maturities varying between three and 30 years. The 10-year fixed-rate notes priced to yield 77 basis points over comparable Treasurys, said Thomas Urano, managing director at Sage Advisory Services, who reviewed the deal but did not participate.
  • 2:53 PM » March Las Vegas Home Sales Press Release
    Published Tue, Apr 29 2014 2:53 PM by DataQuick
    Las Vegas Region March Home Sales Las Vegas-area home sales dropped to a six-year low for a March as investor purchases fell and buyers struggled with a thin inventory of homes for sale, affordability constraints and credit hurdles. The median price paid for a home rose to the highest level in more than five years, but the year-over-year increase was the lowest in 20 months, a real estate information service reported. In March, 3,890 new and resale houses and condos closed escrow in the Las Vegas-Paradise metro area (Clark County). That was up 20.4 percent from the month before and down 14.2 percent from a year earlier, according to San Diego-based DataQuick. The firm tracks real estate trends nationally via public property records. On average, sales between February and March have risen 27.2 percent since 1994, when DataQuick's complete Las Vegas-area statistics begin. Sales have fallen on a year-over-year basis for six consecutive months. March home sales were the lowest for that month since March 2008, when 3,266 homes sold, and they were 19.9 percent below the average number sold during all months of March since 1994. However, resales of houses and condos combined were 2.0 percent above average for the month of March, while sales of newly built homes were 66.1 percent below the March average. Condo resales in March were 9.2 percent higher than the March average. In recent months home sales have been constrained by a combination of factors. Potential buyers face significantly higher prices and mortgage rates compared with this time last year, as well as credit challenges and a tight supply of homes for sale, especially in the lower price ranges. Some owners still can't afford to sell their homes because they owe more than they are worth. Also, lenders aren't foreclosing on as many properties, further limiting the supply of homes for sale. In March, sales of homes priced below $100,000 dropped 44.9 percent compared with a year earlier, while sub-$200,000...
  • 1:48 PM » Homeownership falls to 19-year low
    Published Tue, Apr 29 2014 1:48 PM by CNBC
    With first-time buyers priced out of homes and facing tougher credit standards and higher down payments, homeownership had nowhere to go but down.
  • 12:43 PM » Senate Panel Approves Fed Nominees
    Published Tue, Apr 29 2014 12:43 PM by rss.nytimes.com
    The two nominees for the Federal Reserve's board must be confirmed by the full Senate, which has a backlog of candidates awaiting confirmation.
    Click Here to Read the Full Article

    Source: rss.nytimes.com
  • 12:42 PM » BofA Pays $111 Million to Mortgage Investors for Servicing Error - Bloomberg
    Published Tue, Apr 29 2014 12:42 PM by Bloomberg
    BofA Pays $111 Million to Mortgage Investors for Servicing Error Bloomberg Bank of America Corp. (BAC) paid $111.4 million to mortgage-bond trusts after cutting the balances on home loans more than allowed under the terms of an $8.5 billion settlement, according to a trustee notice to investors. The lender completed 10,786 loan ... and more »
  • 11:42 AM » Net liquidity from Fed could turn negative
    Published Tue, Apr 29 2014 11:42 AM by Market Watch
    With net real stimulus currently at zero, should the Fed decide to continue to taper, the actual effect will be to have the government selling more bonds than they're buying, which could mean trouble for the economy.
  • 11:42 AM » Older New Yorkers Face Acute Pain in Finding Homes
    Published Tue, Apr 29 2014 11:42 AM by rss.nytimes.com
    Finding adequate housing has become an all-consuming preoccupation for many older New Yorkers, a group whose explosive growth and changing housing needs pose new challenges for the city.
    Click Here to Read the Full Article

    Source: rss.nytimes.com
  • 11:35 AM » New Fairholme-Backed Group Rallies to Defend Fannie, Freddie
    Published Tue, Apr 29 2014 11:35 AM by blogs.wsj.com
    Fannie MaeFNMA +4.74% and Freddie MacFMCC +3.61% haven't been allowed to lobby in Washington since the government took over the two mortgage giants in 2008. And thanks to some of the companies' deep-pocketed new friends, the companies may not need to anytime soon. Fairholme Capital Management LLC, which has invested massive sums in Fannie and Freddie, has funded a new advocacy group that is running ads defending the mortgage-finance companies amid a bipartisan effort to replace the firms with a new public-private mortgage setup.
    Click Here to Read the Full Article

    Source: blogs.wsj.com
  • 10:57 AM » Corker Statement on Housing Finance Reform Markup
    Published Tue, Apr 29 2014 10:57 AM by www.corker.senate.gov
    U.S. Senator Bob Corker (R-Tenn.), a member of the Senate Banking Committee, issued the following statement today after Chairman Tim Johnson (D-S.D.) and Ranking Member Mike Crapo (R-Idaho) announced the committee will continue discussions on the Housing Finance Reform and Taxpayer Protection Act (S.1217), legislation introduced last year by Corker and Senator Mark Warner (D-Va.) and cosponsored by a bipartisan group of 10 senators:  “The work we’ve done to craft a bipartisan bill to strengthen our housing finance system is a model for what can happen when legislators put politics aside and come to the table committed to solving the big problems facing our nation,” said Corker. “After a dozen hearings on housing finance reform, there is broad bipartisan support to wind down Fannie Mae and Freddie Mac to protect the American taxpayer from future bailouts. I appreciate Chairman Johnson and Ranking Member Crapo’s leadership throughout this process, and I look forward to continuing constructive talks to finalize the bill.”  In June 2013, Corker and Warner introduced S.1217 to strengthen America’s housing finance system by replacing government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac with a privately capitalized system that preserves market liquidity and protects taxpayers from future economic downturns. In 2008, Fannie Mae and Freddie Mac were taken into government conservatorship and given a $188 billion capital injection from taxpayers to stay afloat. As a result of this bailout, the private market has almost completely disappeared, and so nearly every loan made in America today comes with a full government guarantee. Despite this unsustainable situation, there still has been no real reform to our housing finance system since the financial crisis. In addition to Corker and Warner, S. 1217 is currently cosponsored by Senators Mike Johanns (R-Neb.), Jon Tester...
    Click Here to Read the Full Article

    Source: www.corker.senate.gov
  • 10:35 AM » Senate panel to debate U.S. housing finance, but no vote scheduled
    Published Tue, Apr 29 2014 10:35 AM by Reuters
    WASHINGTON, April 29 (Reuters) – The Senate Banking Committee will open debate on a bill to wind down taxpayer-owned mortgage financiers Fannie Mae and Freddie Mac on Tuesday, but does not plan any votes as the panel’s leaders scramble for broader support. The decision to postpone any votes reflects the difficulty Committee Chairman Tim Johnson, [...]
  • 10:33 AM » Consumer confidence hit 82.3 in April, versus 83 estimate
    Published Tue, Apr 29 2014 10:33 AM by CNBC
    Economists polled by Reuters had expected a consumer confidence reading of 83.. This is a breaking news story. Please check back on CNBC.com for updates to this article..
  • 9:43 AM » Treasurys sink ahead of Apple bond sale, data
    Published Tue, Apr 29 2014 9:43 AM by Market Watch
    NEW YORK (MarketWatch) -- Treasury prices slid Tuesday ahead of the release of a forthcoming super-sized bond sale by Apple Inc. and key economic data this week. The 10-year Treasury note yield, which rises as prices fall, was up 4 basis points on the day at 2.717%, according to Tradeweb. The 30-year bond yield rose 5 basis points to 3.513%, and the 5-year note yield rose 3 basis points to 1.756%. Treasurys held losses after data showed home prices were unchanged in February, but investors looked ahead to a nonfarm payrolls report that is expected to show a rebound in the labor market. A large debt sale by computer-maker Apple that could come as soon as Tuesday also sapped some demand for U.S. government debt. The Treasury Department will sell $15 billion in 2-year floating-rate notes as 1 p.m. Eastern.
  • 9:30 AM » Home prices up 0.8% in February: S&P/Case-Shiller
    Published Tue, Apr 29 2014 9:30 AM by CNBC
    Please check back for further updates.. The S&P/Case-Shiller composite index of 20 metropolitan areas rose 0.8 percent in February on a seasonally adjusted basis. A Reuters poll of economists had forecast a 0.7 percent rise..
  • 9:30 AM » What could drive Case-Shiller home prices in 2039
    Published Tue, Apr 29 2014 9:30 AM by CNBC
    Virtual reality and 3-D printing are going to change the home-buying and selling process in big ways, says Trulia CFO Sean Aggarwal.
  • 9:00 AM » EU imposes more sanctions on Russia over Ukraine crisis
    Published Tue, Apr 29 2014 9:00 AM by Reuters
    BRUSSELS/MOSCOW (Reuters) - The European Union announced asset freezes and travel bans on 15 Russians and Ukrainians over Moscow's actions in Ukraine, but the measures were seen as less aggressive than sanctions imposed this week by the United States.
  • 8:01 AM » US bonds continue to fall after home sales data
    Published Tue, Apr 29 2014 8:01 AM by CNBC
    U.S. bonds fell on Tuesday, with investors moving into riskier assets after strong economic data during the previous session.
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