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  • Thu, Nov 14 2019
  • 3:27 PM » Fed's Kaplan says strong consumer will help the U.S. economy avoid recession in 2020
    Published Thu, Nov 14 2019 3:27 PM by Reuters
    Dallas Federal Reserve Bank President Robert Kaplan said he does not expect the U.S. economy to enter a recession next year, and he was optimistic that the strong consumer can help the U.S. economy overcome potential headwinds.
  • 3:27 PM » Fed's Bullard: 'More normal' yield curve bullish sign for 2020
    Published Thu, Nov 14 2019 3:27 PM by Reuters
    The way U.S. bond markets responded to recent Federal Reserve interest rate cuts could be "bullish" for the economy, St. Louis Federal Reserve President James Bullard said on Thursday, adding he was ready to keep rates on hold and see how it plays out.
  • 2:35 PM » Fed not focused on daily ups, downs of trade deal: Williams
    Published Thu, Nov 14 2019 2:35 PM by Reuters
    The U.S. Federal Reserve will not make policy based on day to day developments in U.S.-China trade policy or on Britain's exit from the European Union, a U.S. central banker said on Thursday, in part because businesses do not make their decisions that way either.
  • 2:35 PM » Fed's Powell: No 'booming' in U.S. economy that threatens to go bust
    Published Thu, Nov 14 2019 2:35 PM by Reuters
    Federal Reserve Chair Jerome Powell on Thursday said the risk of the U.S. economy facing a dramatic bust is remote, partly because the record-long expansion is notable for not having pockets of overheating activity.
  • 2:34 PM » Looking back: "The Cupboard is Full"
    Published Thu, Nov 14 2019 2:34 PM by Calculated Risk Blog
    Three years ago I wrote The Cupboard is Full "The bottom line is the cupboard is full. The expansion should continue for some time." This is one in a series of post in late 2016 - post election - explaining why I thought the expansion should continue, even though I was extremely disappointed about the outcome of the election. I'm still not on recession watch, but the cupboard isn't quite as full (I'll have more to say on this in the coming weeks).
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 2:31 PM » U.S. fines former Deutsche Bank subprime chief over alleged mortgage fraud
    Published Thu, Nov 14 2019 2:31 PM by Reuters
    A former head of subprime trading at Deutsche Bank AG will pay a $500,000 civil fine to resolve charges he misled investors about the quality of loans backing $1.42 billion of residential mortgage-backed securities (RMBS) issued before the 2008 financial crisis.
  • 11:20 AM » Powell says he doesn't see a 'day of reckoning' coming for the US anytime soon
    Published Thu, Nov 14 2019 11:20 AM by CNBC
    Federal Reserve Chairman Jerome Powell said Thursday that he does not see signs of any bubbles brewing or dangers being posed by trillion-dollar deficits.
  • 10:40 AM » MBA: "Mortgage Delinquencies Fall to Lowest Level in Nearly 25 Years"
    Published Thu, Nov 14 2019 10:40 AM by Calculated Risk Blog
    From the MBA: Mortgage Delinquencies Fall to Lowest Level in Nearly 25 Years The delinquency rate for mortgage loans on one-to-four unit residential properties decreased to a seasonally adjusted rate of 3.97 percent of all loans outstanding at the end of the third quarter of 2019, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey. The delinquency rate was down 56 basis points from the second quarter of 2019 and down 50 basis points from one year ago. The percentage of loans on which foreclosure actions were started in the third quarter fell by four basis points to 0.21 percent. "Mortgage delinquencies decreased in the third quarter across all loan types - conventional, VA, and in particular, FHA," said Marina Walsh, MBA's Vice President of Industry Analysis. "The FHA delinquency rate dropped 100 basis points, as weather-related disruptions from the spring waned. The labor market remains healthy and economic growth has been stronger than anticipated. These two factors have contributed to the lowest level of overall delinquencies in almost 25 years." Added Walsh, "Looking ahead, we do continue to monitor the credit profile of new FHA loans, as changes to this profile can have a noticeable impact on future delinquency rates." ... Compared to last quarter, the seasonally adjusted mortgage delinquency rate decreased for all loans outstanding to the lowest level since the first quarter of 1995. By stage, the 30-day delinquency rate decreased 42 basis points to 2.20 percent, the 60-day delinquency rate decreased six basis points to 0.75 percent, and the 90-day delinquency bucket decreased 8 basis points to 1.02 percent. ... The delinquency rate includes loans that are at least one payment past due, but does not include loans in the process of foreclosure. The percentage of loans in the foreclosure process at the end of the third quarter was 0.84 percent , down six basis points from the second quarter of 2019...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:06 AM » This week's podcast: A look at the California Consumer Privacy Act proposed regulations
    Published Thu, Nov 14 2019 10:06 AM by www.consumerfinancemonitor.com
    In this podcast, we discuss the key aspects of the recently-proposed regulations to implement the CCPA, identify issues clarified by the proposal or left unresolved, compliance challenges raised by CCPA requirements for financial incentives and consumer requests received by large businesses, next steps (including the likely timeline for final regulations and enforcement), and activity in... Continue Reading
    Click Here to Read the Full Article

    Source: www.consumerfinancemonitor.com
  • 9:37 AM » U.S. producer prices rise solidly; healthcare costs increasing
    Published Thu, Nov 14 2019 9:37 AM by Reuters
    U.S. producer prices increased by the most in six months in October, lifted by gains in the costs of goods and services, further bolstering the Federal Reserve's stance that it will probably not cut interest rates again in the near term.
  • 8:39 AM » US jobless claims total 225,000, vs. 215,000 expected
    Published Thu, Nov 14 2019 8:39 AM by CNBC
    US jobless claims total 225,000, vs. 215,000 expected<br/>https://www.cnbc.com/2019/11/14/weekly-jobless-claims-november-14.html
  • 8:14 AM » Trade Talks Hit Bump as China Resists U.S. Demands on Agricultural Purchases
    Published Thu, Nov 14 2019 8:14 AM by Bloomberg
    Trade Talks Hit Bump as China Resists U.S. Demands on Agricultural Purchases    Bloomberg
  • 8:07 AM » Fannie-Freddie Share Sales Might Come in 2022, Watchdog Says
    Published Thu, Nov 14 2019 8:07 AM by Bloomberg
    Fannie-Freddie Share Sales Might Come in 2022, Watchdog Says    Bloomberg
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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.79%
  • |
  • 15 Yr FRM 3.45%
  • |
  • Jumbo 30 Year Fixed 3.90%
MBS Prices:
  • 30YR FNMA 4.5 105-02 (-0-00)
  • |
  • 30YR FNMA 5.0 106-28 (-0-00)
  • |
  • 30YR FNMA 5.5 107-26 (0-01)
Recent Housing Data:
  • Mortgage Apps 9.58%
  • |
  • Refinance Index 12.93%
  • |
  • Purchase Index 0%