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  • Thu, Oct 19 2017
  • 3:44 PM » Gallup Vault: No Clear Reason Seen for 1987 Stock Market Crash
    Published Thu, Oct 19 2017 3:44 PM by news.gallup.com
    After the worst one-day decline in U.S. history -- "Black Monday" in October 1987 -- Americans were unclear on why the stock market had unraveled.
    Click Here to Read the Full Article

    Source: news.gallup.com
  • 12:25 PM » Jobless claims are the lowest since 1973
    Published Thu, Oct 19 2017 12:25 PM by CNN
    America's job market is red hot.
  • 11:59 AM » Stocks retreat from record, U.S. Treasury yields slip
    Published Thu, Oct 19 2017 11:59 AM by Reuters
    NEW YORK (Reuters) - World stock markets broadly retreated amid investor caution after a flurry of tepid corporate earnings reports from around the globe, stoking demand instead for safer assets like U.S. Treasuries, pushing yields lower.
  • 11:42 AM » Next Fed candidate to meet with Trump: Janet Yellen
    Published Thu, Oct 19 2017 11:42 AM by CNN
    President Trump meets with Fed Chair Janet Yellen Thursday as he weighs whether to reappoint her as the head of the nation's central bank.
  • 11:20 AM » Hutchins Roundup: Monetary and fiscal space, immigrants and job polarization, and more
    Published Thu, Oct 19 2017 11:20 AM by webfeeds.brookings.edu
    Studies in this week's Hutchins Roundup find that the amount of monetary and fiscal space influences how well countries recover from financial crises; immigrants mitigate some negative impacts of technology on native workers; and more. Want to receive the Hutchins Roundup as an email? Sign up here to get it in your inbox every Thursday.…                
    Click Here to Read the Full Article

    Source: webfeeds.brookings.edu
  • 10:14 AM » Scammers are conning home buyers out of their down payment
    Published Thu, Oct 19 2017 10:14 AM by CNBC
    Here's how to keep scammers from making off with your down payment.
  • 10:14 AM » Black Knight: "Hurricanes Irma and Harvey Drive Surge in Past-Due Mortgages"
    Published Thu, Oct 19 2017 10:14 AM by Calculated Risk Blog
    From Black Knight: Black Knight's First Look at September 2017 Mortgage Data: Hurricanes Irma and Harvey Drive Surge in Past-Due Mortgages • Nationally, the number of non-current mortgages (those at least 30 days past-due or in active foreclosure) jumped by 214,000 (+9 percent), driven primarily by fallout from Hurricanes Harvey and Irma • FEMA-declared hurricane disaster areas accounted for the bulk of the increases; non-current inventory rose by 84,000 (+48 percent) in Irma disaster areas and 52,000 (+67 percent) in those related to Harvey • Prior to the hurricanes, Texas and Florida ranked 20th and 22nd among states by non-current mortgage rates; after the storms, they now rank 3rd and 5th respectively • Primarily as a result of hurricane impact, September saw the first annual rise in mortgage delinquencies (borrowers at least 30 days past-due but not yet in active foreclosure) since July 2010 • Monthly foreclosure starts were at their lowest in more than 17 years, with starts down as much as 90 percent in areas covered by post-hurricane foreclosure action moratoria According to Black Knight's First Look report for September, the percent of loans delinquent increased 11.9% in September compared to August, and increased 3.0% year-over-year. The percent of loans in the foreclosure process declined 7.2% in September and were down 30.1% over the last year. Black Knight reported the U.S. mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) was 4.40% in September, up from 3.93% in August. The percent of loans in the foreclosure process declined in September to 0.70%. The number of delinquent properties, but not in foreclosure, is up 80,000 properties year-over-year, and the number of properties in the foreclosure process is down 151,000 properties year-over-year. Black Knight: Percent Loans Delinquent and in Foreclosure Process   Sept 2017 Aug...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:04 AM » Leading economic indicators fall 0.2 percent, miss expectations
    Published Thu, Oct 19 2017 10:04 AM by CNBC
    A key economic indicator was expected to increase slightly in September to continue this year's momentum.
  • 9:42 AM » Bond Report: Treasurys see buying as Catalan tensions resurface
    Published Thu, Oct 19 2017 9:42 AM by Market Watch
    Treasury prices rose, pulling yields lower, on Thursday after the Spanish government said it would suspend Catalonia's autonomy if the breakaway region does not hold off on its independence bid.
  • 8:19 AM » The Top Markets for Investing in Rental Homes
    Published Thu, Oct 19 2017 8:19 AM by www.builderonline.com
    The Top Markets for Investing in Rental Homes
    Click Here to Read the Full Article

    Source: www.builderonline.com
  • 8:19 AM » CoreLogic Releases First HPI Forecast Validation Report
    Published Thu, Oct 19 2017 8:19 AM by www.corelogic.com
    Analysis Reveals 12-Month, National Forecast is Within 0.7 Percent of Actual HPI Increase New Report Also Quantifies Forecast Accuracy for Key Metro CoreLogic ® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its first CoreLogic HPI Forecast Validation Report that publicly compares its 12-month CoreLogic HPI Forecast to the actual CoreLogic HPI Index. The first report compares the changes in national and key Core Based Statistical Areas (CBSA)-level forecasts made in June 2016 to the actual HPI released in August of 2017, which includes data through June 2017. Going forward, CoreLogic will publish this report twice a year. The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. National values are derived from state-level forecasts by weighing indices according to the number of housing units for each state. The first validation report shows: The national forecast prediction of a 5.4 percent increase was within 0.7 percent of the 6.1 percent increase of the HPI for the 12-month period ending in June 2017. The most accurate CBSA-level forecast was for the Phoenix-Mesa-Scottsdale, AZ area, which at 6.6 percent came within 0.4 percent of the actual HPI increase of 6.2 percent The widest CBSA gap was in Seattle-Bellevue-Everett, WA with an 8.4 percent under-estimation of actual increase (14.3 percent vs. 5.9 percent). Among other factors, the variance in this over-valued CBSA was due to unexpected acceleration in prices in early 2017 after a price deceleration earlier in 2016. The average absolute difference between the actual HPI 12-month increases and the forecasted 12-month increase for the 50 largest CBSAs was 2.5 percent. Among the 15 most accurately forecasted CBSAs, the average difference was 0.9 percent, and the range was between 0.4 percent and 1.5 percent. “Our clients leverage the CoreLogic HPI Forecasts to price...
    Click Here to Read the Full Article

    Source: www.corelogic.com
  • 8:19 AM » Building or Purchasing a US Home? It's Getting Even Pricier
    Published Thu, Oct 19 2017 8:19 AM by Bloomberg
    Bloomberg Building or Purchasing a US Home? It's Getting Even Pricier Bloomberg A confluence of disasters is giving the U.S. construction industry a strong dose of inflation. The roots of pricier building supplies stretch from the wildfire-stricken forests of British Columbia to the hurricane-affected coasts of Texas and Florida ... and more »
  • 8:16 AM » Trump's Pick to Run Mortgage Agency Has Helped Lenders Fight It
    Published Thu, Oct 19 2017 8:16 AM by Bloomberg
    Bloomberg Trump's Pick to Run Mortgage Agency Has Helped Lenders Fight It Bloomberg For the past eight years, Brian Montgomery has helped mortgage lenders fight penalties sought by the Federal Housing Administration. Now he's President Donald Trump's nominee to lead the agency. Montgomery, who is seeking a second stint as head of ... and more »
  • Wed, Oct 18 2017
  • 3:56 PM » Here's how the Fed is flattening the yield curve
    Published Wed, Oct 18 2017 3:56 PM by Market Watch
    Traders betting on the yield curve to steepen are looking into a two-barreled shotgun - a Federal Reserve intent on raising rates and lackluster inflation that should justify less aggressive monetary tightening.
  • 2:12 PM » Fed's Beige Book: "Modest to moderate"expansion, Labor markets "Tight"
    Published Wed, Oct 18 2017 2:12 PM by Calculated Risk Blog
    Fed's Beige Book "This report was prepared at the Federal Reserve Bank of Minneapolis based on information collected on or before October 6, 2017" Reports from all 12 Federal Reserve Districts indicated that economic activity increased in September through early October, with the pace of growth split between modest and moderate . The Richmond, Atlanta, and Dallas Districts reported major disruptions from Hurricanes Harvey and Irma in some areas and sectors, including transportation, energy, and agriculture. Manufacturing activity and nonfinancial services expanded modestly to moderately in most Districts. Retail spending rose slowly, while vehicle sales and tourism increased in most Districts. Residential construction continued to increase, and growth in commercial construction was up slightly on balance. Low home inventory levels continued to constrain residential sales in many areas, while nonresidential real estate activity increased slightly overall. Loan demand was generally stable to modestly higher. Growth in the energy sector eased slightly. Agricultural conditions were mixed; while some regions were reporting better-than-expected harvests, low commodity prices continued to weigh down farm incomes. ... Employment growth was modest on balance, with most Districts reporting flat to moderate increases. Labor markets were widely described as tight . Many Districts noted that employers were having difficulty finding qualified workers, particularly in construction, transportation, skilled manufacturing, and some health care and service positions. These shortages were also restraining business growth. Firms in several Districts reported that scarcity of labor, particularly related to construction, would be exacerbated by hurricane recovery efforts. Despite widespread labor tightness, the majority of Districts reported only modest to moderate wage pressures. However, some Districts reported stronger wage pressures in certain sectors, including transportation...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 2:12 PM » Why Fewer New Homes Are on the Horizon Despite the Housing Shortage
    Published Wed, Oct 18 2017 2:12 PM by www.realtor.com
    Builders received fewer permits to put up new homes in September-and that could have a big impact on the housing market and the dearth of homes for sale. The post Why Fewer New Homes Are on the Horizon Despite the Housing Shortage appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 12:35 PM » Why the market is wrong about John Taylor, who Trump might make the Fed chief
    Published Wed, Oct 18 2017 12:35 PM by CNBC
    For Fed chair, Trump is seriously considering John Taylor, whose academic work suggests that interest rates could be nearly triple where they are now.
  • 11:47 AM » CFPB further updates HMDA Rule guidance materials
    Published Wed, Oct 18 2017 11:47 AM by www.consumerfinancemonitor.com
    The CFPB recently posted on its website updated versions of guidance in connection with the revisions to the Home Mortgage Disclosure Act (HMDA) rules that become effective on January 1, 2018, and also posted a new guidance item. The CFPB updated the chart entitled Collection and Reporting of HMDA Information about Ethnicity and Race, and... Continue Reading
    Click Here to Read the Full Article

    Source: www.consumerfinancemonitor.com
  • 11:38 AM » Bond market flashing warning sign even as stocks rally to new highs
    Published Wed, Oct 18 2017 11:38 AM by CNBC
    The bond market is warning that trouble could be on the horizon either from an economic slowdown or eventual recession.
  • 11:16 AM » 'The housing market can't take the shock of a natural event,' real estate economist warns
    Published Wed, Oct 18 2017 11:16 AM by CNBC
    Given the acute construction labor shortage, reconstruction and its repercussions in residential real estate could be yet another disaster.
  • 11:04 AM » AIA: Architecture Billings Index "Backslides Slightly" in September
    Published Wed, Oct 18 2017 11:04 AM by Calculated Risk Blog
    Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architecture Billings Index Backslides Slightly After seven months of steady growth in the  demand for design services, the Architecture Billings Index (ABI) paused in September.  As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the September ABI score was 49.1, down from a score of 53.7 in the previous month . This score reflects a slight decrease in design services provided by U.S. architecture firms (any score above 50 indicates an increase in billings). The new projects inquiry index was 59.0, down from a reading of 62.5 the previous month, while the new design contracts index eased somewhat from 54.2 to 52.9. "We've seen unexpectedly strong numbers in design activity for most of 2017, so the pause in September should be viewed in that context" said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. "Project inquiries and new design contracts remain healthy, and the continued strength in most sectors and regions indicates stability industry-wide." ... • Regional averages: Northeast (56.9), South (54.0), Midwest (50.4), West (48.8) • Sector index breakdown: commercial / industrial (54.0), mixed practice (52.2), multi-family residential (51.0), institutional (51.0) emphasis added Click on graph for larger image. This graph shows the Architecture Billings Index since 1996. The index was at 49.1 in September, down from 53.7 in August. Anything above 50 indicates expansion in demand for architects' services. Note: This includes commercial and industrial facilities like hotels and office buildings, multi-family residential, as well as schools, hospitals and other institutions. According to the AIA, there is an "approximate nine to...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:55 AM » California housing market eases into fall homebuying season, C.A.R. Reports
    Published Wed, Oct 18 2017 10:55 AM by PR Newswire
    LOS ANGELES, Oct. 18, 2017 /PRNewswire-USNewswire/ -- California's housing market eased into the fall homebuying season as seasonally adjusted sales rose both month-to-month and year-to-year in September, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.   Closed escrow sal...
  • 10:23 AM » Bond Report: 2-year Treasury yield hits fresh 2008 high as prospect of December hike looms
    Published Wed, Oct 18 2017 10:23 AM by Market Watch
    Treasury prices fall, pushing yields higher, on Wednesday as expectations for a rate increase in December continue to gain traction, adding to selling momentum in government bonds.
  • 10:08 AM » Rising seas threaten nearly $1 trillion worth of US homes, and most are moderately priced: Zillow
    Published Wed, Oct 18 2017 10:08 AM by CNBC
    More than $900 billion worth of U.S. residential real estate could be lost, a new report says.
  • 8:56 AM » Mnuchin: The stock market will see 'significant' drop if tax reform doesn't pass
    Published Wed, Oct 18 2017 8:56 AM by CNBC
    In a podcast, Mnuchin gives an "absolute guarantee" President Trump will sign a tax reform bill this year.
  • 8:53 AM » The only thing scary about the Dow is that nothing seems to scare it
    Published Wed, Oct 18 2017 8:53 AM by CNBC
    The S&P 500 has not had a drawdown greater than 3 percent this year. Nothing at all seems to move the needle. Why is that?
  • 8:52 AM » Mulvaney Sees Tax Bill Pushed to 2018 If Budget Isn't Approved
    Published Wed, Oct 18 2017 8:52 AM by Bloomberg
    Bloomberg Mulvaney Sees Tax Bill Pushed to 2018 If Budget Isn't Approved Bloomberg White House Budget Director Mick Mulvaney warned that not passing a budget resolution this week would likely result in tax legislation being delayed until next year. "There's still a chance it gets done this year but more likely it goes over into the ... and more »
  • 8:51 AM » The Wall Street Journal: Germany's top court denies request to halt ECB bond buying
    Published Wed, Oct 18 2017 8:51 AM by Market Watch
    Germany's top court threw out a cease-and-desist request that could have halted the European Central Bank's giant bond-buying program, offering some comfort to ECB policy makers as they prepare to extend the purchases into 2018.
  • 8:51 AM » U.S. housing starts fall to one-year low
    Published Wed, Oct 18 2017 8:51 AM by Reuters
    WASHINGTON (Reuters) - U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South, suggesting that housing probably remained a drag on economic growth in the third quarter.
  • Tue, Oct 17 2017
  • 4:37 PM » Trump likely to name Fed chair by early November: source
    Published Tue, Oct 17 2017 4:37 PM by Reuters
    WASHINGTON (Reuters) - U.S. President Donald Trump has a pool of five candidates to choose from for the next chair of the Federal Reserve and is likely to announce his choice before going to Asia in early November, a source familiar with the situation said on Tuesday.
  • 4:35 PM » Trump indicates Fed search down to 5 finalists
    Published Tue, Oct 17 2017 4:35 PM by CNBC
    WASHINGTON- President Donald Trump said Tuesday that he is likely to make his selection for the next Federal Reserve chairman from five candidates, a group that includes current Chair Janet Yellen. Before Trump met with reporters in the Rose Garden, a White House official speaking on condition of anonymity said that Trump was expected to make a decision before...
  • 2:37 PM » Janet Yellen's future at Fed is market's biggest risk, warns Oppenheimer's Stoltzfus
    Published Tue, Oct 17 2017 2:37 PM by CNBC
    If Janet Yellen isn't reappointed at Fed, it could be bad news for stocks, Oppenheimer's John Stoltzfus says.
  • 2:26 PM » Acting Comptroller of the Currency Issues Statement Regarding Home Mortgage Disclosure Act Reporting
    Published Tue, Oct 17 2017 2:26 PM by OCC
    The Office of the Comptroller of the Currency (OCC) today issued a bulletin to inform national banks, federal savings associations, and insured federal branches and agencies of foreign banks about key fields examiners will typically use to validate the accuracy and reliability of home mortgage loan data collected beginning in 2018 pursuant to the Home Mortgage Disclosure Act (HMDA) rule issued October 15, 2015.
  • 1:00 PM » Lawrence Yun to Discuss Housing Market at 2017 SCCAOR Convention
    Published Tue, Oct 17 2017 1:00 PM by PR Newswire
    SAN JOSE, Calif., Oct. 17, 2017 /PRNewswire-USNewswire/ -- Real Estate Professionals from across the Bay Area will come together on Tuesday, October 19th for the Santa Clara County Association of REALTORS® 27th Annual Convention & Expo at the Santa Clara Convention Center. The...
  • 12:25 PM » Trump likely to name Fed chair by early November
    Published Tue, Oct 17 2017 12:25 PM by CNBC
    President Donald Trump has a pool of five candidates to choose from for the next chair of the Federal Reserve.
  • 11:48 AM » Fund managers bet on rising interest rates but not on tax cut boost for stocks
    Published Tue, Oct 17 2017 11:48 AM by CNBC
    Global fund managers are betting on higher interest rates, but they do not expect U.S. tax reform to bring significant risk asset gains.
  • 11:21 AM » "Reinventing Development Regulations" Urges Zoning Reform
    Published Tue, Oct 17 2017 11:21 AM by PR Newswire
    CAMBRIDGE, Mass., Oct. 17, 2017 /PRNewswire-USNewswire/ -- Every community across the land can and should revise their zoning -and subdivision regulations - a move that will build sustainability and resilience, increase affordability, and improve quality of life, say the authors of a new...
  • 10:23 AM » Bond Report: Treasury yields extend rise after stronger-than-expected import prices
    Published Tue, Oct 17 2017 10:23 AM by Market Watch
    Treasurys saw modest selling, pushing yields higher, on Tuesday trade after better-than-expected economic data
  • 9:57 AM » U.S. Economic Confidence Index Dips to -1 Last Week
    Published Tue, Oct 17 2017 9:57 AM by news.gallup.com
    Americans' confidence in the U.S. economy tilted slightly negative last week for the first time in 2017. Gallup's U.S. Economic Confidence Index registered a score of -1 for the week ending Oct. 15.
    Click Here to Read the Full Article

    Source: news.gallup.com
  • 9:44 AM » Economic Growth Outlook Unchanged Following Recent Hurricanes
    Published Tue, Oct 17 2017 9:44 AM by PR Newswire
    WASHINGTON, Oct. 17, 2017 /PRNewswire/ -- The full-year 2017 economic growth forecast remains unchanged at 2.2 percent following expected offsetting hurricane-related impacts to GDP growth in the third and fourth quarters, according to the Fannie Mae Economic & Strategic Research (ESR)...
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Mortgage Rates:
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  • Jumbo 30 Year Fixed 4.15%
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Recent Housing Data:
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  • Purchase Index 1.43%