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  • Tue, Nov 14 2017
  • 4:33 PM » A Day in the Life: Atlanta Homeownership Center
    Published Tue, Nov 14 2017 4:33 PM by blog.hud.gov
      Welcome to another edition of our series, A Day in the Life, which will introduce you to HUD employees and highlight the important work they do. Today we meet Ruth Trembley, a Management Analyst in the Atlanta Regional office. What is the overarching task of your position? In my position, I perform quality control […]
  • 3:52 PM » Condo slowdown? Worrying price signal at New York's trophy tower
    Published Tue, Nov 14 2017 3:52 PM by CNBC
    New York's 1,000-foot-tall symbol of luxury is becoming a monument to the condo slowdown.
  • 2:52 PM » A bond market crash is a growing worry for investors
    Published Tue, Nov 14 2017 2:52 PM by CNBC
    One of the top three worries for investors is a crash in global bond markets, according to the BofAML November Global Fund Manager Survey.
  • 2:49 PM » Robert Shiller is 'concerned' as market optimism hits lowest level in over 16 years
    Published Tue, Nov 14 2017 2:49 PM by CNBC
    Nobel Prize-winning economist Robert Shiller sees some worrying signs in Yale University's monthly sentiment survey.
  • 2:49 PM » A few random thoughts on Taxes
    Published Tue, Nov 14 2017 2:49 PM by Calculated Risk Blog
    A few random thoughts ... Income and corporate taxes are just part of the tax system.   Americans pay a wide variety of taxes. These include sales, property, payroll, state and Federal income and corporate taxes, and more.  Many of these taxes are regressive, meaning that lower income families pay a higher percentage of their income for these taxes.  Sales taxes and payroll taxes are example of regressive taxes. There are some "hidden" taxes, such as resource extraction taxes (severance tax imposed on the removal of non-renewable natural resources) and state lotteries.  The severance tax is borne primarily by consumers, and is therefore regressive - and lotteries are also regressive. The main non-regressive taxes are income and corporate taxes.   Higher income families generally pay a higher percentage of their income for these taxes.  So when there is a discussion of reducing corporate and income taxes - and "broadening the base" for income taxes - this makes the entire tax system more regressive. To make the system more progressive (where higher income families pay a higher percentage of their income in taxes), the discussion would be about decreasing regressive taxes (like the payroll tax), or increasing income and corporate taxes. Why change the tax code?    There could be many reasons to change the code: to make it simpler, to encourage certain activities (homeownership, investment, education, etc.), or to remove existing tax preferences, to spur growth, to reduce the deficit, to change the balance of who pays taxes. As an example, to spur growth we could look for ways to lower income and wealth inequality (this is slowing growth in the US), and also ways to put more money in the hands of low to middle income families (people who tend to spend additional money).  Examples of policies to spur growth in the short term would be reducing the payroll tax, and for growth...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 11:30 AM » Home Depot lifts full-year forecasts as hurricanes spur demand
    Published Tue, Nov 14 2017 11:30 AM by Reuters
    (Reuters) - Home Depot Inc , the largest U.S. home improvement chain, on Tuesday raised its full-year profit and sales forecast after Hurricanes Harvey and Irma spurred demand for generators, flashlights and rebuilding materials.
  • 11:22 AM » White House considering nomination of Mohamed El-Erian for Federal Reserve Vice Chair: Report
    Published Tue, Nov 14 2017 11:22 AM by CNBC
    White House considering nomination of Mohamed El-Erian for Federal Reserve Vice Chair: Report|| 104789371.
  • 11:08 AM » Affordable housing could lose big in Republican tax plan
    Published Tue, Nov 14 2017 11:08 AM by CNBC
    The House GOP tax plan cuts a type of bond that is used to finance at least half of the nation's affordable rental apartment buildings.
  • 10:19 AM » NFIB: Small Business Optimism Index "inches up" in October
    Published Tue, Nov 14 2017 10:19 AM by Calculated Risk Blog
    From the National Federation of Independent Business (NFIB): Small Business Optimism Index inches up in October in October The October Index rose to 103.8, up from 103 the previous month . The historically strong performance extends the streak of positive months dating back to last November, when it shot up immediately following the election. Four of the Index components rose last month. Five declined slightly, while one remained unchanged. Outlook for expansion and sales expectations each jumped six points, while job openings increased by five points. The tight labor market got tighter for small business owners last month , continuing a year-long trend. Fifty-nine percent of owners said they tried to hire in October, with 88 percent of them reporting no or few qualified applicants. Hiring activity was particularly high in Florida and Georgia, as construction firms are still trying to meet higher demand caused by the recent hurricane . emphasis added Click on graph for larger image. This graph shows the small business optimism index since 1986. The index increased slightly to 103.8 in October.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:19 AM » Freddie Mac Prices New $3.5 Billion Three-Year Reference Notes Security
    Published Tue, Nov 14 2017 10:19 AM by freddiemac.mwnewsroom.com
    Freddie Mac Prices New $3.5 Billion Three-Year Reference Notes Security
    Click Here to Read the Full Article

    Source: freddiemac.mwnewsroom.com
  • 9:28 AM » U.S. Economic Confidence Index Unchanged at +7
    Published Tue, Nov 14 2017 9:28 AM by news.gallup.com
    Americans' confidence in the economy remained steady last week, holding at the highest level since mid-August and one of the highest levels in the past nine years.
    Click Here to Read the Full Article

    Source: news.gallup.com
  • 8:22 AM » Home Depot profit beats as hurricanes spur demand
    Published Tue, Nov 14 2017 8:22 AM by Reuters
    (Reuters) - Home Depot Inc , the largest U.S. home improvement chain, beat analysts' third-quarter sales and profit estimates on Tuesday, as hurricanes Harvey and Irma boosted demand for storm-related emergency products and rebuilding materials.
  • 8:22 AM » Janet Yellen admits the Fed could be confusing the public with its many voices
    Published Tue, Nov 14 2017 8:22 AM by CNBC
    Janet Yellen admits the Fed could be confusing the public with its many voices<br/>https://www.cnbc.com/2017/11/14/janet-yellen-admits-the-fed-could-be-confusing-the-public-with-its-many-voices.html
  • 8:19 AM » CoreLogic Reports Mortgage Delinquency Rates Lowest in More Than a Decade
    Published Tue, Nov 14 2017 8:19 AM by www.corelogic.com
    Overall Mortgage Delinquency Rate Fell 0.6 Percentage Points Year Over Year Foreclosure Rate Declined 0.3 Percentage Points Year Over Year Serious Delinquency Rate Declined 0.5 Percentage Points Year Over Year CoreLogic ® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report which shows that, nationally, 4.6 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in August 2017. This represents a 0.6 percentage point year-over-year decline in the overall delinquency rate compared with August 2016 when it was 5.2 percent. As of August 2017, the foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, was 0.6 percent, down from 0.9 percent in August 2016. This was the lowest foreclosure inventory rate for the month of August in 11 years since August 2006 when it was 0.5 percent. Measuring early-stage delinquency rates is important for analyzing the health of the mortgage market. To monitor mortgage performance comprehensively, CoreLogic examines all stages of delinquency as well as transition rates, which indicate the percentage of mortgages moving from one stage of delinquency to the next. The rate for early-stage delinquencies, defined as 30-59 days past due, was 2 percent in August 2017, down slightly from 2.1 percent in August 2016. The share of mortgages that were 60-89 days past due in August 2017 was 0.7 percent, unchanged from August 2016. The serious delinquency rate (90 days or more past due) declined 0.5 percentage points year over year from 2.4 percent in August 2016 to 1.9 percent in August 2017. The 1.9 percent serious delinquency rate in June, July and August of this year marks the lowest level for any month since October 2007 when it was also 1.9 percent, and is also the lowest for the month of August since 2007 when the...
    Click Here to Read the Full Article

    Source: www.corelogic.com
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