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  • Wed, Aug 27 2014
  • 4:48 PM » JPMorgan attacked by Russian computer hackers: report
    Published Wed, Aug 27 2014 4:48 PM by Reuters
    (Reuters) - JPMorgan Chase & Co and at least one other bank were attacked by Russian hackers in mid-August and the FBI is investigating whether the assault was in retaliation for U.S.-government sponsored sanctions against the country, according to a report by Bloomberg News citing two unnamed sources.
  • 4:46 PM » CoreLogic Reports 45,000 Completed Foreclosures in July
    Published Wed, Aug 27 2014 4:46 PM by PR Newswire
    IRVINE, Calif., Aug. 27, 2014 /PRNewswire/ -- CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today released its July National Foreclosure Report, which provides data on completed U.S. foreclosures and foreclosure...
  • 2:50 PM » Two big problems in the job market
    Published Wed, Aug 27 2014 2:50 PM by CNBC
    The economy's improving so what's not to like? In a nutshell, there are two big problems with the job market, says Michael Farr.
  • 1:19 PM » July Las Vegas Region Home Sales Press Release
    Published Wed, Aug 27 2014 1:19 PM by DataQuick
    Las Vegas Region July Home Sales Las Vegas-area home sales changed little last month from June and were the lowest for a July in six years as the share of homes sold to investors and other absentee buyers dropped to a 67-month low. The median price paid for a home held steady with June and its increase from a year earlier was the smallest in more than two years, a real estate information service reported. In July, 4,260 new and resale houses and condos closed escrow in the Las Vegas-Paradise metro area (Clark County). That was up 1.1 percent from the month before and down 11.8 percent from a year earlier, according to CoreLogic DataQuick, which tracks real estate trends nationally. Sales in the Las Vegas region typically dip from June to July. On average sales have fallen 5.3 percent between those two months since 1994, when CoreLogic DataQuick's complete Las Vegas-area statistics begin. Sales have fallen on a year-over-year basis for the past 10 months. Last month's home sales were the lowest for the month of July since 2008, when 4,134 homes sold, and they were 12.2 percent below the average number sold during all months of July since 1994. However, resales of houses and condos combined were 9.3 percent above average for July, while sales of newly built homes were nearly 62 percent below the July average. Condo resales were 22.6 percent higher than the July average, while resales of detached houses were 6.2 percent above average. Las Vegas region buyers paid a median $190,000 for all new and resale houses and condos purchased in July, the same as the June median and up 9.6 percent from $173,350 a year earlier. The June and July medians are the highest since the median was also $190,000 in November 2008. The median sale price's year-over-year gains over the past 28 consecutive months ranged from 1.7 percent to 36.5 percent. This July's 9.6 percent year-over-year increase in the median was the lowest for any month since June 2012 and it marked the median's...
  • 1:18 PM » New Proposal Could Raise Mortgage Costs, Report Says
    Published Wed, Aug 27 2014 1:18 PM by WSJ
    Proposed requirements for an obscure, but widely used, corner of the mortgage market would protect Fannie Mae and Freddie Mac from another financial crisis but could end up raising mortgage costs for thousands of borrowers, according to a report by Moody's Analytics released Tuesday.
  • 11:15 AM » CBO: 2014 budget deficit projected $506B
    Published Wed, Aug 27 2014 11:15 AM by CNBC
    Citing lower-than-expected corporate taxes, the CBO projected a slight increase over previous budget deficit estimations.
  • 11:13 AM » The Federal Debt: All You Need to Know in Three Minutes
    Published Wed, Aug 27 2014 11:13 AM by
    One of the missions of the new Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution is to improve public—and congressional—understanding of major budget issues confronting the U.S. To that end, we’ve boiled the facts about the outlook for the federal debt down to a three -minute animated video in which I trace the recent ups and downs (yes, downs) of the projections for federal borrowing over the next decade. It’s tough for people to understand that the debt is a problem—but not now. Yes, we ran up a big debt to fight the recession, but the U.S. economy is not yet fully recovered and the U.S. Treasury is able to borrow hundreds of billions of dollars every month at very low interest rates. The problem lies in the future after the economy and the job market and interest rates return to normal: The trajectory of government borrowing after the economy simply isn’t sustainable. We’re looking for ways to help people understand both the short-term and the long-term picture. The animation shows the 10-year forecast for the federal debt made before the recession, how it rose when the recession hit and how it rose still higher after Congress enacted President Obama’s American Recovery and Reinvestment Act, the fiscal stimulus of 2009. But then the outlook actually brightened a bit as Congress raised taxes on upper-income Americans in 2013 and the pace of federal spending on health care, particularly Medicare, slowed a bit. Yes, sometimes things in Washington do get better. Still, we’re not out of the woods. The federal debt measured as a percentage of the gross domestic product is twice what it was before the recession and likely will continue to climb unless there is a change in government tax and spending policy and/or a substantial quickening of the pace of economic growth. The video relies on  projections of the federal debt made by William Gale, the Arjay...
    Click Here to Read the Full Article

  • 10:26 AM » Housing Markets Stabilizing, Fundamentals Normalizing
    Published Wed, Aug 27 2014 10:26 AM by
    Housing Markets Stabilizing, Fundamentals Normalizing
    Click Here to Read the Full Article

  • 8:41 AM » Why immigrants weathered the housing bust better than the U.S.-born population
    Published Wed, Aug 27 2014 8:41 AM by Washington Post
    Immigrants fared far better than the U.S.-born population when it came to holding onto their homes or buying new ones after the housing market tanked, according to recent studies that parsed U.S. Census data. Read full article >>
    Click Here to Read the Full Article

    Source: Washington Post
  • 8:40 AM » US mortgage volume ekes out gain on tiny drop in rates
    Published Wed, Aug 27 2014 8:40 AM by CNBC
    While mortgage rates have teetered within a tight range, even a slight drop in interest rates was enough to boost mortgage applications, which are still coming in at an anemic pace.
  • 1:42 AM » 2008 Meltdown Was Worse Than Great Depression, Bernanke Says
    Published Wed, Aug 27 2014 1:42 AM by WSJ
    Former Federal Reserve Chairman Ben Bernanke, a prominent student of the Great Depression, contends that the 2008 financial crisis was actually worse than its 1930s counterpart.
  • 1:38 AM » Strategies for Pricing Your Home
    Published Wed, Aug 27 2014 1:38 AM by WSJ
    What's the perfect price when selling your home? Nobody knows. List too low and watch your investment slip away. List too high and drive potential buyers away.
  • 1:33 AM » This central bank may call bond yields for now
    Published Wed, Aug 27 2014 1:33 AM by CNBC
    Market-watchers are parsing the Fed's every word for clues on where bond yields are headed, but the ECB may be in the driver's seat.
  • 1:33 AM » Euro close to cracking on ECB talk, shares on the up
    Published Wed, Aug 27 2014 1:33 AM by Reuters
    SYDNEY (Reuters) - The euro was close to cracking on Wednesday as feverish speculation of further policy stimulus in the euro zone drove bond yields to all time lows and gave a fillip to stocks globally.
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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.00%
  • |
  • 15 Yr FRM 3.27%
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  • Jumbo 30 Year Fixed 4.25%
MBS Prices:
  • 30YR FNMA 4.5 107-09 (-0-05)
  • |
  • 30YR FNMA 5.0 109-12 (0-03)
  • |
  • 30YR FNMA 5.5 110-29 (0-01)
Recent Housing Data:
  • Mortgage Apps 4.36%
  • |
  • Refinance Index 10.47%
  • |
  • Purchase Index -0.82%