Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
1,270
# of Questions
Select a Date
Use the calendar to view news headlines from a specific date.
Today  |  Yesterday  |  Random
Bottom Right Default
State Name: Texas
State Name underscore: Texas
State Name dash: Texas
State Name lower underscore: texas
State Name lower dash: texas
State Name lower: texas
State Abbreviation: TX
State Abbreviation Lower: tx
Suggest a Story
Paste the URL of the story below to submit for editorial review and possible inclusion in ATW.
Please add 6 and 7 and type the answer here:
Leave this field blank.
What is Around the Web?
It is a continuously updated stream of news from around the web
Visit throughout the day for the latest breaking news.
» Click any link below to read more.
  • Fri, Nov 16 2018
  • 6:19 PM » A vote reversed: What is the path back from Brexit?
    Published Fri, Nov 16 2018 6:19 PM by Reuters
    To leave, or not to leave: More than two and a half years since the United Kingdom voted to exit the EU, that is still the question.
  • 5:11 PM » CFPB Revised Loan Originator Rule and HOEPA Rule Guides
    Published Fri, Nov 16 2018 5:11 PM by www.consumerfinancemonitor.com
    The CFPB recently issued revised versions of the small entity compliance guides for the Loan Originator Rule and the Home Ownership and Equity Protection Act (HOEPA) Rule. While some of the most well-known provisions of the Loan Originator Rule are the provisions addressing loan originator compensation, the rule also defines the concept of a loan... Continue Reading
    Click Here to Read the Full Article

    Source: www.consumerfinancemonitor.com
  • 3:10 PM » Homebuilder stocks are getting crushed, but one analyst says the chart looks so bad — it's good
    Published Fri, Nov 16 2018 3:10 PM by CNBC
    While some investors are avoiding homebuilders amid rising interest rates that traditionally serve as a headwind for the economically sensitive group of stocks, others say evidence is mounting for a bounce.
  • 2:42 PM » Single-Family Permits: Declines in the Midwest and Northeast
    Published Fri, Nov 16 2018 2:42 PM by eyeonhousing.org
    Over the first nine months of 2018, the total number of single-family permits issued year-to-date (YTD) nationwide reached 664,665. On a year-over-year basis, this is a 5.7% increase over the September 2017 level of 628,858. The preliminary results from the New Residential Construction Survey are similar, year-to-date single-family permits over the first nine months of 2018 was, 663,800 which is... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 2:20 PM » Dollar, U.S. yields slide on Fed official's rate comments
    Published Fri, Nov 16 2018 2:20 PM by Reuters
    The U.S. dollar weakened and Treasury yields pulled back on Friday after a top Federal Reserve official said U.S. interest rates were near a neutral rate, while uncertainty over Britain's exit from the European Union clouded currency and other markets.
  • 1:53 PM » Kansas City Fed: Regional Manufacturing Activity "Growth Edged Higher" in November
    Published Fri, Nov 16 2018 1:53 PM by Calculated Risk Blog
    From the Kansas City Fed: Growth in Tenth District Manufacturing Activity Edged Higher he Federal Reserve Bank of Kansas City released the November Manufacturing Survey today. According to Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City, the survey revealed that growth in Tenth District manufacturing activity edged higher, while expectations for future activity moderated slightly. "Firms reported a pickup in orders, production, and shipments in November, following some slowing in recent months" said Wilkerson. ... The month-over-month composite index was 15 in November, up from 8 in October and 13 in September. The composite index is an average of the production, new orders, employment, supplier delivery time, and raw materials inventory indexes. The increase in factory growth was driven by both durable and nondurable goods producers, particularly metals, aircraft, food, and plastics. Most month-over-month indexes rose modestly. The production, shipments, new orders, and order backlog indexes all increased to their highest levels since the middle of the year. The new orders for exports index inched up from 3 to 6, while the employment index eased somewhat . emphasis added
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 1:25 PM » Trump says China wants trade deal, U.S. may not impose more tariffs
    Published Fri, Nov 16 2018 1:25 PM by Reuters
    U.S. President Donald Trump said on Friday that China had sent a list of things it was willing to do to resolve trade tensions with the United States and his administration may not have to impose further tariffs, but he added the situation was still not acceptable to him.
  • 11:56 AM » Dollar, U.S. yields fall on Fed comments; Brexit casts shadow
    Published Fri, Nov 16 2018 11:56 AM by Reuters
    The U.S. dollar weakened and Treasury yields pulled back on Friday after a top Federal Reserve official said U.S. interest rates are near a neutral rate, while continued uncertainty over Brexit clouded currency and other markets.
  • 11:25 AM » NY Fed Q3 Report: "Total Household Debt Rises for 17th Straight Quarter"
    Published Fri, Nov 16 2018 11:25 AM by Calculated Risk Blog
    From the NY Fed: Total Household Debt Rises for 17th Straight Quarter The Federal Reserve Bank of New York's Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which shows that total household debt increased by $219 billion (1.6%) to $13.51 trillion in the third quarter of 2018 . It was the 17th consecutive quarter with an increase and the total is now $837 billion higher than the previous peak of $12.68 trillion in the third quarter of 2008. Furthermore, overall household debt is now 21.2% above the post-financial-crisis trough reached during the second quarter of 2013. The Report is based on data from the New York Fed's Consumer Credit Panel, a nationally representative sample of individual- and household-level debt and credit records drawn from anonymized Equifax credit data. ... Mortgage originations increased to $445 billion from $437 billion in the second quarter. Mortgage delinquencies were roughly flat, with 1.1% of mortgage balances 90 or more days delinquent in the third quarter. emphasis added Click on graph for larger image. Here are two graphs from the report : The first graph shows aggregate consumer debt increased in Q3.  Household debt previously peaked in 2008, and bottomed in Q2 2013. From the NY Fed: Aggregate household debt balances increased in the third quarter of 2018 for the 17th consecutive quarter, and are now $837 billion higher than the previous (2008Q3) peak of $12.68 trillion. As of September 30, 2018, total household indebtedness was $13.51 trillion, a $219 billion (1.6%) increase from the second quarter of 2018. Overall household debt is now 21.2% above the 2013Q2 trough. Included in report is a new section disaggregating data by borrower age. Mortgage balances shown on consumer credit reports on September 30 stood at $9.1 trillion, an increase of $141 billion from the second quarter of 2018. Balances on home equity lines of credit (HELOC), on a declining trend since...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:57 AM » BLS: Unemployment Rates Lower in 6 states in October, Texas and Washington at New Series Lows
    Published Fri, Nov 16 2018 10:57 AM by Calculated Risk Blog
    From the BLS: Regional and State Employment and Unemployment Summary Unemployment rates were lower in October in 6 states , higher in 2 states, and stable in 42 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today. Eighteen states had jobless rate decreases from a year earlier and 32 states and the District had little or no change. ... Hawaii had the lowest unemployment rate in October, 2.3 percent. The rates in Texas (3.7 percent) and Washington (4.3 percent) set new series lows . (All state series begin in 1976.) Alaska had the highest jobless rate, 6.4 percent. emphasis added Click on graph for larger image. This graph shows the number of states (and D.C.) with unemployment rates at or above certain levels since January 1976. At the worst of the great recession, there were 11 states with an unemployment rate at or above 11% (red). Currently only one state, Alaska, has an unemployment rate at or above 6% (dark blue).
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:35 AM » Nearly One in Three Homes For Sale in October had a Price Drop—Highest Level Since at Least 2010
    Published Fri, Nov 16 2018 10:35 AM by www.redfin.com
    Home Inventory Continues to Grow as Sales Decline 6% Year over Year U.S. home-sale prices increased 4.5 percent in October compared to a year ago, to a median of $297,200. October’s year-over-year price increase marks a return to an overall healthy level of price growth after posting a 6.5-year low level of growth in September. […] The post Nearly One in Three Homes For Sale in October had a Price Drop-Highest Level Since at Least 2010 appeared first on Redfin Real-Time .
    Click Here to Read the Full Article

    Source: www.redfin.com
  • 9:46 AM » Industrial Production Increased 0.1% in October
    Published Fri, Nov 16 2018 9:46 AM by Calculated Risk Blog
    From the Fed: Industrial Production and Capacity Utilization Industrial production edged up 0.1 percent in October , as a gain for manufacturing outweighed decreases elsewhere. As a result of upward revisions primarily in mining, the overall index is now reported to have advanced at an annual rate of 4.7 percent in the third quarter, appreciably above the gain of 3.3 percent reported initially. Hurricanes lowered the level of industrial production in both September and October, but their effects appear to be less than 0.1 percent per month. In October, manufacturing output rose 0.3 percent for its fifth consecutive monthly increase, while the indexes for mining and for utilities declined 0.3 percent and 0.5 percent, respectively. At 109.1 percent of its 2012 average, total industrial production was 4.1 percent higher in October than it was a year earlier. Capacity utilization for the industrial sector was 78.4 percent , a rate that is 1.4 percentage points below its long-run (1972-2017) average. emphasis added Click on graph for larger image. This graph shows Capacity Utilization. This series is up 11.7 percentage points from the record low set in June 2009 (the series starts in 1967). Capacity utilization at 78.4% is 1.4% below the average from 1972 to 2017 and below the pre-recession level of 80.8% in December 2007. Note: y-axis doesn't start at zero to better show the change. The second graph shows industrial production since 1967. Industrial production increased in October to 108.5. This is 25% above the recession low, and 4% above the pre-recession peak. The increase in industrial production was below the consensus forecast, however the previous months were revised up.  Capacity utilization was above consensus.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:32 AM » Brexit front and middle in light week for data
    Published Fri, Nov 16 2018 8:32 AM by Reuters
    Brexit will be foremost in investors' minds in the coming week, though a smattering of data will offer further indications as to how much global economic growth, bogged down by politics and trade wars, is slowing.
  • 8:09 AM » Larry Summers: 50 percent chance of a US recession by 2020
    Published Fri, Nov 16 2018 8:09 AM by CNBC
    The former Treasury Secretary warned the Fed should be careful not to raise rates too quickly.
  • 8:02 AM » US bond yields fall amid political uncertainty surrounding Brexit
    Published Fri, Nov 16 2018 8:02 AM by CNBC
    U.S. government debt prices ticked higher Friday morning amid political turmoil over Brexit and uncertainty surrounding the outcome of U.S.-China trade talks.
Did you know?
You can see a list of all comments on MND by clicking the 'Read the Latest Comments' option under the 'Community' menu.
 

More From MND

Mortgage Rates:
  • 30 Yr FRM 4.69%
  • |
  • 15 Yr FRM 4.23%
  • |
  • Jumbo 30 Year Fixed 4.42%
MBS Prices:
  • 30YR FNMA 4.5 103-11 (0-06)
  • |
  • 30YR FNMA 5.0 104-25 (0-03)
  • |
  • 30YR FNMA 5.5 105-23 (-0-06)
Recent Housing Data:
  • Mortgage Apps 0.03%
  • |
  • Refinance Index -0.10%
  • |
  • Purchase Index 0.12%