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  • Tue, Dec 12 2017
  • 4:45 PM » GOP tax bill would include 21% corporate tax rate, would start in 2018: Sources
    Published Tue, Dec 12 2017 4:45 PM by CNBC
    It also would feature a top individual tax rate of 37 percent and raise the mortgage interest deduction amount to $750,000.
  • 3:51 PM » Mitch McConnell says there's no chance of a government shutdown
    Published Tue, Dec 12 2017 3:51 PM by CNBC
    Mitch McConnell said he was confident Congress could reach a budget agreement to avoid a government shutdown.
  • 2:57 PM » Republicans Nearing Agreement on Final Tax Bill
    Published Tue, Dec 12 2017 2:57 PM by
    WASHINGTON - Republicans lawmakers in the Senate and House said on Tuesday that they are coalescing around a unified tax plan and are aiming to pass a final bill as early as next week.
    Click Here to Read the Full Article

  • 2:49 PM » The Latest: Tax bill scales back mortgage interest deduction
    Published Tue, Dec 12 2017 2:49 PM by
    WASHINGTON - The Latest on the Republican tax overhaul (all times local): 1:25 p.m. Congressional aides say negotiators have agreed to scale back the mortgage interest deduction, which would allow homeowners to deduct interest on the first $750,000 of a new mortgage.
    Click Here to Read the Full Article

  • 1:27 PM » Special Report: Unfettered construction raises U.S. hurricane costs
    Published Tue, Dec 12 2017 1:27 PM by Reuters
    PATTON VILLAGE, Texas (Reuters) - When Hurricane Harvey sent two feet of water rolling into this small community about 35 miles north of Houston, Alfredo Becerra had to flee his modest 1,500-square-foot house.
  • 12:56 PM » Fed expected to lift rates as Yellen delivers final press conference
    Published Tue, Dec 12 2017 12:56 PM by CNN
    There will likely be one more rate hike from the Federal Reserve in 2017 before chairwoman Janet Yellen steps down.
  • 11:45 AM » Goldman expects "Tax Reform" to be Enacted in the "Next Two Weeks"
    Published Tue, Dec 12 2017 11:45 AM by Calculated Risk Blog
    A few excerpts from an article by Goldman Sachs economist Alec Phillips: We continue to expect tax reform to be enacted in the next two weeks. A House-Senate agreement looks likely by the end of this week or over the weekend, with votes on a final package by next week. A 20% corporate rate continues to look likely, in our view, but we do not expect the cut to take effect until 2019. ... The estimated revenue gain from limiting state and local tax (SALT) deductibility could be overstated if states adapt to the new restrictions. It is difficult to predict how and when states will adapt to the changes, but they have an incentive to do so.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:14 AM » US Wholesale Prices Climbed More Than Forecast in November
    Published Tue, Dec 12 2017 10:14 AM by Bloomberg
    Bloomberg US Wholesale Prices Climbed More Than Forecast in November Bloomberg U.S. wholesale prices rose more than forecast in November, boosted by a jump in the costs of goods that included gasoline, a Labor Department report showed Tuesday in Washington. Highlights of Producer Prices (November). Producer-price index rose 0.4 ... and more »
  • 9:55 AM » Snapshot: U.S. Economic Confidence Holds Strong
    Published Tue, Dec 12 2017 9:55 AM by
    Americans' confidence in the economy remains strong heading into the final weeks of the holiday shopping season
    Click Here to Read the Full Article

  • 9:22 AM » NFIB: Small Business Optimism Index "Near All-Time High" in November
    Published Tue, Dec 12 2017 9:22 AM by Calculated Risk Blog
    From the National Federation of Independent Business (NFIB): Small Business Optimism Hits Near All-Time High The Index of Small Business Optimism gained 3.7 points to 107.5 in November , the second highest reading in the 44-year history of the NFIB surveys (108.0 in July 1983). Eight of the 10 Index components posted a gain and two declined, as Job Openings fell from its record high level and Capital Spending Plans declined 1 point. After several solid quarters, job creation slowed in the small business sector as business owners reported a seasonally adjusted average employment change per firm of 0.0 workers. emphasis added Click on graph for larger image. This graph shows the small business optimism index since 1986. The index increased to 107.5 in November.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:55 AM » US producer prices post the biggest annual gain in nearly 6 years
    Published Tue, Dec 12 2017 8:55 AM by CNBC
    U.S. producer prices rose in November as gasoline prices surged and the cost of other goods increased.
  • 8:22 AM » How the Fed could surprise the markets at Yellen's farewell meeting
    Published Tue, Dec 12 2017 8:22 AM by CNBC
    The Fed is expected to raise interest rates Wednesday, but it's how the Fed responds to the tax bill that is the wild card for markets.
  • 8:20 AM » Bond Traders Look to 2018 as This Week's Fed Raise Seen as Done Deal
    Published Tue, Dec 12 2017 8:20 AM by Bloomberg
    Bloomberg Bond Traders Look to 2018 as This Week's Fed Raise Seen as Done Deal Bloomberg With a Federal Reserve rate hike this week seen as a done deal, the best chance for bond-market volatility may lie in policy makers' updated outlook for the pace of future tightening. The central bank signaled in September that it expected three rate ...
  • 8:20 AM » Housing Trends Favor Builders Focused on Entry-Level Buyers
    Published Tue, Dec 12 2017 8:20 AM by
    Housing Trends Favor Builders Focused on Entry-Level Buyers
    Click Here to Read the Full Article

  • 8:19 AM » CoreLogic Reports September Mortgage Delinquency Rates Lowest in More Than a Decade
    Published Tue, Dec 12 2017 8:19 AM by
    Overall Mortgage Delinquency Rate Fell 0.2 Percentage Points Year Over Year Foreclosure Rate Declined 0.2 Percentage Points Year Over Year Early-Stage Delinquencies Rose 0.3 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, 5 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in September 2017. This represents a 0.2 percentage point year-over-year decline in the overall delinquency rate compared with September 2016 when it was 5.2 percent. As of September 2017, the foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, was 0.6 percent, down from 0.8 percent in September 2016. Both August and September of this year experienced the lowest foreclosure inventory rate since June 2007 when it was also 0.6 percent, and the September foreclosure inventory rate was the lowest for the month of September in 11 years when it was 0.5 percent in September 2006. 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 2.4 percent in September 2017, up 0.3 percentage points from 2.1 percent in September 2016. The share of mortgages that were 60-89 days past due in September 2017 was 0.7 percent, unchanged from September 2016. The serious delinquency rate, those that are 90 days or more past due, declined 0.4 percentage points year over year from 2.3 percent in September 2016 to 1.9 percent in September 2017. The 1.9 percent serious delinquency...
    Click Here to Read the Full Article

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