Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
# of Subscribers
Select a Date
Use the calendar to view news headlines from a specific date.
Today  |  Yesterday  |  Random
Bottom Right Default
State Name: Connecticut
State Name underscore: Connecticut
State Name dash: Connecticut
State Name lower underscore: connecticut
State Name lower dash: connecticut
State Name lower: connecticut
State Abbreviation: CT
State Abbreviation Lower: ct
Suggest a Story
Paste the URL of the story below to submit for editorial review and possible inclusion in ATW.
Please add 4 and 3 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, Apr 23 2021
  • 6:27 PM » Existing Home Price Appreciation Hits All-Time High and New Home Sales Bounce Back
    Published Fri, Apr 23 2021 6:27 PM by Fannie Mae
    Economic and Housing Weekly Note - April 23, 2021
  • 6:26 PM » Taxes and inflation will be key themes for markets in the week ahead
    Published Fri, Apr 23 2021 6:26 PM by CNBC
    The final week of April is going to be a super busy one for markets with a Fed meeting and a deluge of earnings news.
  • 2:44 PM » The Fed is unlikely to hint at policy changes next week, even with a stronger economy
    Published Fri, Apr 23 2021 2:44 PM by CNBC
    Fed officials are likely to paint a robust picture on the economy while simultaneously not even hinting at policy changes ahead.
  • 2:17 PM » Stocks up after tax scare; oil gains
    Published Fri, Apr 23 2021 2:17 PM by Reuters
    NEW YORK (Reuters) -Stocks rose on Friday as Wall Street's drop the previous day on talk of an increase in U.S. capital gains taxes reversed, but a global stocks index was on track to post its first negative week in five.
  • 1:28 PM » The pause on federal student loan payments ends Sept. 30—here's how to prepare
    Published Fri, Apr 23 2021 1:28 PM by CNBC
    Since March 27, 2020, federal student loan interest rates have been set to 0% and payments have been paused.
  • 10:30 AM » New Home Sales Increase to 1,021,000 Annual Rate in March; Highest Since 2006
    Published Fri, Apr 23 2021 10:30 AM by Calculated Risk Blog
    The Census Bureau reports New Home Sales in March were at a seasonally adjusted annual rate (SAAR) of 1.021 million. The previous three months were revised up sharply. Sales of new single-family houses in March 2021 were at a seasonally adjusted annual rate of 1,021,000 , according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 20.7 percent above the revised February rate of 846,000 and is 66.8 percent above the March 2020 estimate of 612,000. emphasis added Click on graph for larger image. The first graph shows New Home Sales vs. recessions since 1963. The dashed line is the current sales rate. This was the highest sales rate since 2006. The second graph shows New Home Months of Supply. The months of supply decreased in March to 3.6 months from 4.4 months in February. The all time record high was 12.1 months of supply in January 2009. The all time record low is 3.5 months, most recently in October 2020. This is below the low end of the normal range (about 4 to 6 months supply is normal). "The seasonally-adjusted estimate of new houses for sale at the end of March was 307,000. This represents a supply of 3.6 months at the current sales rate." On inventory, according to the Census Bureau : "A house is considered for sale when a permit to build has been issued in permit-issuing places or work has begun on the footings or foundation in nonpermit areas and a sales contract has not been signed nor a deposit accepted." Starting in 1973 the Census Bureau broke this down into three categories: Not Started, Under Construction, and Completed. The third graph shows the three categories of inventory starting in 1973. The inventory of completed homes for sale is at a record low , and the combined total of completed and under construction is a little lower than normal. The last graph shows sales NSA (monthly sales, not seasonally adjusted annual rate). In March 2021 (red column), 97 thousand...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:11 AM » Turkish crypto exchange boss goes missing, reportedly taking $2 billion of investors' funds with him
    Published Fri, Apr 23 2021 10:11 AM by CNBC
    A Turkish cryptocurrency exchange is offline and its CEO has reportedly gone missing, leaving thousands of investors worried that their funds have been stolen.
  • 10:01 AM » Housing Market Update: Supply Shortage Intensifies, Driving Prices Up 18%
    Published Fri, Apr 23 2021 10:01 AM by
    Home prices rose 18% from a year earlier as the average time on market for sold homes fell to a record low of 21 days.
    Click Here to Read the Full Article

  • 8:32 AM » Black Knight: Number of Homeowners in COVID-19-Related Forbearance Plans Decreased Slightly
    Published Fri, Apr 23 2021 8:32 AM by Calculated Risk Blog
    Note: Both Black Knight and the MBA (Mortgage Bankers Association) are putting out weekly estimates of mortgages in forbearance. This data is as of April 20th. From Black Knight: Another Week of Forbearance Improvement; 4.4% Of Homeowners Remain in Pandemic-Related Plans Forbearance volumes improved this week, edging slightly lower since last week. This is typical of the mid-month lulls in improvement we've seen throughout the recovery. Weekly reductions of GSE loans (-6,000) and FHA/VA loans (-5,000) were partially offset by an increase of 9,000 portfolio and privately securitized mortgages in forbearance. Despite the week's modest improvement, the number of outstanding plans is down by 298,000 (-11.4%) from the same time last month. As of April 20, there are 2.3 million (4.4% of) mortgage-holders in COVID-19-related forbearance plans , including 2.7% of GSE, 7.8% of FHA/VA and 4.8% of portfolio/PLS loans. Click on graph for larger image. Both inflow and outflow were muted this week, with fewer than 160,000 extensions/removals, the lowest such number in two months. 280,000 expirations remain on the books for April, an opportunity for additional improvement through the rest of this month and going into May. There are also 435,000 expirations due in May, and then a big jump to 890,000 due in June. This will mark the last big month for review activity before the first wave of plans reach their 18-month expirations. Overall start activity continues to trend downward. It will be worth keeping an eye on the numbers going into May as servicers continue to work through their reviews. We'll have another report published here next Friday, April 30. emphasis added The number of loans in forbearance continues to decline.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:02 AM » Treasury yields rise slightly with focus on Biden's tax proposal
    Published Fri, Apr 23 2021 8:02 AM by CNBC
    Treasury yields rose slightly on Friday morning, with investor focus on President Joe Biden's capital gains tax proposal.
  • 8:02 AM » Euro zone's economic recovery gathers pace in April with France returning to growth
    Published Fri, Apr 23 2021 8:02 AM by CNBC
    Business activity in the euro zone expanded again in April, preliminary data showed on Friday, providing some positive momentum for the second quarter.
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 3.23%
  • |
  • 15 Yr FRM 2.60%
  • |
  • Jumbo 30 Year Fixed 3.15%
MBS Prices:
Recent Housing Data:
  • Mortgage Apps 2.79%
  • |
  • Refinance Index 3.16%
  • |
  • Purchase Index 1.82%