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  • Thu, Oct 19 2017
  • 4:10 PM » Trump leaning toward Powell for Fed chair, officials say
    Published Thu, Oct 19 2017 4:10 PM by
    Federal Reserve Governor Jerome Powell is the leading candidate to become the chair of the U.S. central bank after President Donald Trump concluded a series of meetings with five finalists Thursday, three administration officials said. The officials cautioned that Trump, who met with current Chair Janet Yellen for about half an hour on Thursday, has not made a final decision.
    Click Here to Read the Full Article

  • 3:44 PM » Gallup Vault: No Clear Reason Seen for 1987 Stock Market Crash
    Published Thu, Oct 19 2017 3:44 PM by
    After the worst one-day decline in U.S. history -- "Black Monday" in October 1987 -- Americans were unclear on why the stock market had unraveled.
    Click Here to Read the Full Article

  • 12:25 PM » Jobless claims are the lowest since 1973
    Published Thu, Oct 19 2017 12:25 PM by CNN
    America's job market is red hot.
  • 11:59 AM » Stocks retreat from record, U.S. Treasury yields slip
    Published Thu, Oct 19 2017 11:59 AM by Reuters
    NEW YORK (Reuters) - World stock markets broadly retreated amid investor caution after a flurry of tepid corporate earnings reports from around the globe, stoking demand instead for safer assets like U.S. Treasuries, pushing yields lower.
  • 11:42 AM » Next Fed candidate to meet with Trump: Janet Yellen
    Published Thu, Oct 19 2017 11:42 AM by CNN
    President Trump meets with Fed Chair Janet Yellen Thursday as he weighs whether to reappoint her as the head of the nation's central bank.
  • 11:20 AM » Hutchins Roundup: Monetary and fiscal space, immigrants and job polarization, and more
    Published Thu, Oct 19 2017 11:20 AM by
    Studies in this week's Hutchins Roundup find that the amount of monetary and fiscal space influences how well countries recover from financial crises; immigrants mitigate some negative impacts of technology on native workers; and more. Want to receive the Hutchins Roundup as an email? Sign up here to get it in your inbox every Thursday.…                
    Click Here to Read the Full Article

  • 10:14 AM » Scammers are conning home buyers out of their down payment
    Published Thu, Oct 19 2017 10:14 AM by CNBC
    Here's how to keep scammers from making off with your down payment.
  • 10:14 AM » Black Knight: "Hurricanes Irma and Harvey Drive Surge in Past-Due Mortgages"
    Published Thu, Oct 19 2017 10:14 AM by Calculated Risk Blog
    From Black Knight: Black Knight's First Look at September 2017 Mortgage Data: Hurricanes Irma and Harvey Drive Surge in Past-Due Mortgages • Nationally, the number of non-current mortgages (those at least 30 days past-due or in active foreclosure) jumped by 214,000 (+9 percent), driven primarily by fallout from Hurricanes Harvey and Irma • FEMA-declared hurricane disaster areas accounted for the bulk of the increases; non-current inventory rose by 84,000 (+48 percent) in Irma disaster areas and 52,000 (+67 percent) in those related to Harvey • Prior to the hurricanes, Texas and Florida ranked 20th and 22nd among states by non-current mortgage rates; after the storms, they now rank 3rd and 5th respectively • Primarily as a result of hurricane impact, September saw the first annual rise in mortgage delinquencies (borrowers at least 30 days past-due but not yet in active foreclosure) since July 2010 • Monthly foreclosure starts were at their lowest in more than 17 years, with starts down as much as 90 percent in areas covered by post-hurricane foreclosure action moratoria According to Black Knight's First Look report for September, the percent of loans delinquent increased 11.9% in September compared to August, and increased 3.0% year-over-year. The percent of loans in the foreclosure process declined 7.2% in September and were down 30.1% over the last year. Black Knight reported the U.S. mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) was 4.40% in September, up from 3.93% in August. The percent of loans in the foreclosure process declined in September to 0.70%. The number of delinquent properties, but not in foreclosure, is up 80,000 properties year-over-year, and the number of properties in the foreclosure process is down 151,000 properties year-over-year. Black Knight: Percent Loans Delinquent and in Foreclosure Process   Sept 2017 Aug...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:04 AM » Leading economic indicators fall 0.2 percent, miss expectations
    Published Thu, Oct 19 2017 10:04 AM by CNBC
    A key economic indicator was expected to increase slightly in September to continue this year's momentum.
  • 9:42 AM » Bond Report: Treasurys see buying as Catalan tensions resurface
    Published Thu, Oct 19 2017 9:42 AM by Market Watch
    Treasury prices rose, pulling yields lower, on Thursday after the Spanish government said it would suspend Catalonia's autonomy if the breakaway region does not hold off on its independence bid.
  • 8:19 AM » The Top Markets for Investing in Rental Homes
    Published Thu, Oct 19 2017 8:19 AM by
    The Top Markets for Investing in Rental Homes
    Click Here to Read the Full Article

  • 8:19 AM » CoreLogic Releases First HPI Forecast Validation Report
    Published Thu, Oct 19 2017 8:19 AM by
    Analysis Reveals 12-Month, National Forecast is Within 0.7 Percent of Actual HPI Increase New Report Also Quantifies Forecast Accuracy for Key Metro CoreLogic ® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its first CoreLogic HPI Forecast Validation Report that publicly compares its 12-month CoreLogic HPI Forecast to the actual CoreLogic HPI Index. The first report compares the changes in national and key Core Based Statistical Areas (CBSA)-level forecasts made in June 2016 to the actual HPI released in August of 2017, which includes data through June 2017. Going forward, CoreLogic will publish this report twice a year. The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. National values are derived from state-level forecasts by weighing indices according to the number of housing units for each state. The first validation report shows: The national forecast prediction of a 5.4 percent increase was within 0.7 percent of the 6.1 percent increase of the HPI for the 12-month period ending in June 2017. The most accurate CBSA-level forecast was for the Phoenix-Mesa-Scottsdale, AZ area, which at 6.6 percent came within 0.4 percent of the actual HPI increase of 6.2 percent The widest CBSA gap was in Seattle-Bellevue-Everett, WA with an 8.4 percent under-estimation of actual increase (14.3 percent vs. 5.9 percent). Among other factors, the variance in this over-valued CBSA was due to unexpected acceleration in prices in early 2017 after a price deceleration earlier in 2016. The average absolute difference between the actual HPI 12-month increases and the forecasted 12-month increase for the 50 largest CBSAs was 2.5 percent. Among the 15 most accurately forecasted CBSAs, the average difference was 0.9 percent, and the range was between 0.4 percent and 1.5 percent. “Our clients leverage the CoreLogic HPI Forecasts to price...
    Click Here to Read the Full Article

  • 8:19 AM » Building or Purchasing a US Home? It's Getting Even Pricier
    Published Thu, Oct 19 2017 8:19 AM by Bloomberg
    Bloomberg Building or Purchasing a US Home? It's Getting Even Pricier Bloomberg A confluence of disasters is giving the U.S. construction industry a strong dose of inflation. The roots of pricier building supplies stretch from the wildfire-stricken forests of British Columbia to the hurricane-affected coasts of Texas and Florida ... and more »
  • 8:16 AM » Trump's Pick to Run Mortgage Agency Has Helped Lenders Fight It
    Published Thu, Oct 19 2017 8:16 AM by Bloomberg
    Bloomberg Trump's Pick to Run Mortgage Agency Has Helped Lenders Fight It Bloomberg For the past eight years, Brian Montgomery has helped mortgage lenders fight penalties sought by the Federal Housing Administration. Now he's President Donald Trump's nominee to lead the agency. Montgomery, who is seeking a second stint as head of ... and more »
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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.98%
  • |
  • 15 Yr FRM 3.31%
  • |
  • Jumbo 30 Year Fixed 4.18%
MBS Prices:
  • 30YR FNMA 4.5 106-15 (-0-02)
  • |
  • 30YR FNMA 5.0 108-02 (-0-03)
  • |
  • 30YR FNMA 5.5 110-06 (0-01)
Recent Housing Data:
  • Mortgage Apps 3.27%
  • |
  • Refinance Index 5.05%
  • |
  • Purchase Index 1.43%