Around The Web

Rent vs. Buy: How Homebuyers Calculate & Decide

2013-05-20T18:16:47Z

A primer on the two most important home affordability ratios: debt-to-income ratio and price-to-rent ratio...(read more)

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Fed has right monetary accommodation in place, Evans says

2013-05-20T18:15:46Z

(Reuters) - The U.S. Federal Reserve has the appropriate level of monetary accommodation in place, allowing the economy to reach "escape velocity" next year, a top Fed official said on Monday. "We continue to face powerful headwinds in the fiscal situation and the global economy," Chicago Federal Reserve Bank President Charles Evans told the CFA Society Chicago. But "the U.S. economy seems to be performing pretty well right now," he added, with the labor market improving, consumer spending up and housing stronger....(read more)

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Ebbing Deficit Likely to Keep Rates Low When Fed Tapers - Bloomberg

2013-05-20T18:13:44Z

Ebbing Deficit Likely to Keep Rates Low When Fed Tapers Bloomberg Federal Reserve policy makers say they want to avoid a sudden increase in interest rates when the time comes to start unwinding record monetary easing. A shrinking federal budget deficit is likely to help them meet that goal. The Treasury Department will be ... and more »...(read more)

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Vacation Home Sales Sizzle, Rentals Booking Fast

2013-05-20T18:12:42Z

Prices are just stabilizing in South Carolina, but in the tiny towns of eastern Long Island, New York, better known as the Hamptons, home prices are roaring back and rentals are fully booked for the season....(read more)

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Which Fed Members Want To End Bernanke's Low Rate Party

2013-05-20T18:03:14Z

Great chart from Bespoke. And a word on growing QE dissent in the Fed ranks....(read more)

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Housing Recovery Still Has Room to Run

2013-05-20T17:08:13Z

The roof is not caving in on the housing sector....(read more)

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The Bernanke Fed and the non-existent stock market bubble

2013-05-20T17:01:26Z

In nominal terms, the Dow Jones industrial average is up about 30% since January of 2000. Adjusted for inflation, however, it’s more or less flat. To me, that back-of-the-envelope calculation hints that the Fed’s quantitative easing has not created some … read more >...(read more)

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Why FHFA's Ed DeMarco Isn't Going Anywhere

2013-05-20T17:00:25Z

Rep. Mel Watt could face some serious pushback in his confirmation hearings....(read more)

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Would You Rather Buy or Sell Bonds Right Now?

2013-05-20T16:56:44Z

Vote in our Futures Now poll!...(read more)

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Citi names new heads of mortgages, private bank, Citi Holdings

2013-05-20T15:54:05Z

NEW YORK (Reuters) - Citigroup Inc Chief Executive Michael Corbat named Jane Fraser as the new head of the bank's mortgage business on Monday ,as current CitiMortgage CEO Sanjiv Das plans to leave the bank to pursue other opportunities, according to an internal memo....(read more)

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Citigroup Says Fraser to Replace Das as CEO of CitiMortgage - Bloomberg

2013-05-20T15:52:01Z

Citigroup Says Fraser to Replace Das as CEO of CitiMortgage Bloomberg Citigroup Inc. (C), the third-largest U.S. bank by assets, named private-banking boss Jane Fraser to replace Sanjiv Das as chief executive officer of the CitiMortgage unit. Das, a former Morgan Stanley (MS) executive hired by ex-CEO Vikram Pandit, is leaving ... and more »...(read more)

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The Market Is Not the Economy: What the Fed Misses

2013-05-20T15:45:53Z

Whatever course it chooses, the Federal Reserve will have to grapple with the reality that while its policies have helped levitate stocks, they've been considerably less effective at growing the economy....(read more)

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House to hold hearing on CFPB ability to repay/QM rule

2013-05-20T14:43:43Z

Barbara S. Mishkin The House Financial Services Committee’s Subcommittee on Financial Institutions and Consumer Credit has scheduled a hearing for tomorrow, May 21, on "Qualified Mortgages: Examining the Impact of the Ability to Repay Rule." There will be one panel consisting of two witnesses from the CFPB. The CFPB officials scheduled to appear are Peter Carroll, Assistant Director... More >...(read more)

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Market Wonders If Bernanke Will Snatch Punch Bowl

2013-05-20T14:42:42Z

The big event this week is Wednesday, when U.S. Federal Reserve Chair Ben Bernanke testifies in front of the Joint Economic Committee, while the Fed releases the FOMC minutes to the April 30 and May 1 meeting....(read more)

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Fannie Mae: Reacceleration Forecasted in Second Half of 2013; Boost from Housing Expected

2013-05-20T13:44:20Z

May 20, 2013. Recent Slowdown in Economic Growth Likely Short-Lived Reacceleration Forecasted in Second Half of 2013 ......(read more)

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