Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
33,878
# of User Comments
Select a Date
Use the calendar to view news headlines from a specific date.
Today  |  Yesterday  |  Random
Bottom Right Default
State Name: Washington
State Name underscore: Washington
State Name dash: Washington
State Name lower underscore: washington
State Name lower dash: washington
State Name lower: washington
State Abbreviation: WA
State Abbreviation Lower: wa
Suggest a Story
Paste the URL of the story below to submit for editorial review and possible inclusion in ATW.
Please add 1 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.
  • Tue, Feb 19 2019
  • 9:30 AM » Weak Inflation Casts Doubt on Riksbank Rate Hikes, Analysts Say
    Published Tue, Feb 19 2019 9:30 AM by Bloomberg
    Weak Inflation Casts Doubt on Riksbank Rate Hikes, Analysts Say    Bloomberg Sweden central bank is now more likely to delay hiking rates after weaker-than-expected inflation data for January, analysts say.
  • 9:12 AM » Fed's Mester says rates likely will need to rise a bit
    Published Tue, Feb 19 2019 9:12 AM by Reuters
    NEWARK, Del. (Reuters) - The Federal Reserve may need to raise interest rates further but it has time to assess how the economy is doing before tightening borrowing conditions, Cleveland Federal Reserve President Loretta Mester said on Tuesday. "Monetary policy does not appear to be far behind or far ahead of the curve," Mester said in prepared remarks at an event at the University of Delaware. "This environment gives us the opportunity to continue to gather information on the economy."
  • 8:06 AM » How the Fed Can Make a Better Dot Plot After December's Misfire
    Published Tue, Feb 19 2019 8:06 AM by Bloomberg
    How the Fed Can Make a Better Dot Plot After December's Misfire    Bloomberg How do you talk about your best guess for where the economy is headed while also highlighting your worst fears? That question is proving a major challenge for ...
  • 8:05 AM » Treasury Levels Seen as `Danger' by Templeton's Desai
    Published Tue, Feb 19 2019 8:05 AM by Bloomberg
    Treasury Levels Seen as `Danger' by Templeton's Desai    Bloomberg This year's rally in Treasuries is an opportunity to sell or get short before the Federal Reserve signals more tightening in the second half of the year, according to ...
  • 8:02 AM » Home Price Growth Edged Up Nationally in January While the West Coast Began Seeing Red
    Published Tue, Feb 19 2019 8:02 AM by www.redfin.com
    Homebuyers are in the strongest position in years as the supply of homes for sale grows at fastest rate since May 2015 The housing market started off 2019 with buyers in a much better position than they were a year earlier. U.S. home-sale prices increased 2.9 percent in January compared to a year ago, to […] The post Home Price Growth Edged Up Nationally in January While the West Coast Began Seeing Red appeared first on Redfin Real-Time .
    Click Here to Read the Full Article

    Source: www.redfin.com
  • Fri, Feb 15 2019
  • 2:53 PM » TREASURIES-Yields range-bound amid mixed economic data
    Published Fri, Feb 15 2019 2:53 PM by CNBC
    *Optimism that U.S., China will reach trade deal. NEW YORK, Feb 15- U.S. Its not been a trend of weaker or stronger that can really push the market one way or another, thats why I think were kind of sitting here and waiting, said Justin Lederer, an interest rate strategist at Cantor Fitzgerald in New York.
  • 2:12 PM » Serious Delinquency Rate Continues its Decline
    Published Fri, Feb 15 2019 2:12 PM by eyeonhousing.org
    The most recent results of the National Delinquency Survey produced by the Mortgage Bankers Association (MBA) show that, as of the 4th quarter of 2018, mortgage servicers serviced 29.9 million non-government-insured mortgages, also known as conventional mortgages. Beginning with the first quarter of 2017, the MBA had discontinued its long-held classification of conventional loans into the prime and subprime categories,... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 1:23 PM » Banks Offered Homeowners Refinances After the Crisis, but Americans Stopped Trusting Banks
    Published Fri, Feb 15 2019 1:23 PM by www.realtor.com
    When banks stepped up their efforts to persuade homeowners to refinance, it "deepened" suspicion, a study found. The post Banks Offered Homeowners Refinances After the Crisis, but Americans Stopped Trusting Banks appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 12:48 PM » Small banks you've never heard of are quietly enabling the tech takeover of the financial industry
    Published Fri, Feb 15 2019 12:48 PM by CNBC
    A small group of banks are handling the "financial" side of billion-dollar financial technology start-ups.
  • 12:21 PM » Q4 GDP Forecasts: High-1s, Low-2s, 2018 Annual GDP around 2.8%
    Published Fri, Feb 15 2019 12:21 PM by Calculated Risk Blog
    The BEA has announced that the Q4 advanced GDP report will be combined with the 2nd estimate of GDP, and will be released on Feb 28th. From Merrill Lynch: Weak retail sales data and inventory build caused a 0.8pp decline in our 4Q GDP tracking estimate to 1.5% from 2.3% [Feb 14 estimate] emphasis added From Goldman Sachs: The retail sales report indicated a considerably weaker pace of fourth quarter consumption growth than we had previously assumed. Reflecting this and lower-than-expected November business inventories, we lowered our Q4 GDP tracking estimate by five tenths to +2.0% (qoq ar). [Feb 14 estimate] From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 2.2% for 2018:Q4 and 1.1% for 2019:Q1. [Feb 15 estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2018 is 1.5 percent on February 14 , down from 2.7 percent on February 6. [Feb 14 estimate] CR Note: These estimates suggest GDP in the high 1s for Q4. Using the middle of these four forecasts (about 1.8% real GDP growth in Q4), that would put 2018 annual GDP growth at around 2.8%.  This would be the best year since 2015, but lower than many forecasts.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 11:49 AM » Here's where the money for Trump's border wall will come from
    Published Fri, Feb 15 2019 11:49 AM by CNBC
    With the declaration of a national emergency, President Donald Trump has access to roughly $8 billion to fund a border wall.
  • 10:55 AM » MBA: "Mortgage Delinquencies Dropped to 18-Year Low in the Fourth Quarter of 2018"
    Published Fri, Feb 15 2019 10:55 AM by Calculated Risk Blog
    From the MBA: Mortgage Delinquencies Dropped to 18-Year Low in the Fourth Quarter of 2018 The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.06 percent of all loans outstanding at the end of the fourth quarter of 2018 , according to the Mortgage Bankers Association's (MBA) National Delinquency Survey. The delinquency rate was down 41 basis points from the third quarter of 2018 and 111 basis points from one year ago. The percentage of loans on which foreclosure actions were started in the fourth quarter rose by two basis points to 0.25 percent. " The overall national mortgage delinquency rate in the fourth quarter was at its lowest level since the first quarter of 2000 ," said Marina Walsh, MBA's Vice President of Industry Analysis. "What's even more noteworthy, the delinquency rate dropped from the previous quarter and on a year-over-year basis across all loan types and stages of delinquency." Added Walsh, "With the unemployment rate near a 50-year low, wage growth trending higher and household debt levels relative to disposable incomes at a 35-year low, homeowners are in great shape, and mortgage performance is quite strong." ... In relation to the third quarter of 2018, mortgage delinquencies decreased across all stages of delinquency. The 30-day delinquency rate decreased 22 basis points to 2.29 percent, the 60-day delinquency rate decreased three basis points to 0.74 percent, and the 90-day delinquency bucket decreased 15 basis points to 1.03 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 fourth quarter was 0.95 percent, down four basis points from the third quarter of 2018 and 24 basis points lower than one year ago. This was the lowest foreclosure inventory rate since the first...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:26 AM » Consumer sentiment hits 95.5 in February, vs. expectations for 93
    Published Fri, Feb 15 2019 10:26 AM by CNBC
    Consumer sentiment hits 95.5 in February, vs. expectations for 93<br/>https://www.cnbc.com/2019/02/15/consumer-sentiment-february.html
  • 9:39 AM » Industrial Production Decreased 0.6% in January
    Published Fri, Feb 15 2019 9:39 AM by Calculated Risk Blog
    From the Fed: Industrial Production and Capacity Utilization Industrial production decreased 0.6 percent in January after rising 0.1 percent in December. In January, manufacturing production fell 0.9 percent, primarily as a result of a large drop in motor vehicle assemblies; factory output excluding motor vehicles and parts decreased 0.2 percent. The indexes for mining and utilities moved up 0.1 percent and 0.4 percent, respectively. At 109.4 percent of its 2012 average, total industrial production was 3.8 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector decreased 0.6 percentage point in January to 78.2 percent , a rate that is 1.6 percentage points below its long-run (1972-2018) average. emphasis added Click on graph for larger image. This graph shows Capacity Utilization. This series is up 11.5 percentage points from the record low set in June 2009 (the series starts in 1967). Capacity utilization at 78.2% is 1.6% 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 decreased in January to 109.4. This is 25.6% above the recession low, and 3.8% above the pre-recession peak. The decrease in industrial production and capacity utilization were well below consensus.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:48 AM » How Surge in Inflation-Adjusted Pay Can Lead Fed to Higher Rates
    Published Fri, Feb 15 2019 8:48 AM by Bloomberg
    How Surge in Inflation-Adjusted Pay Can Lead Fed to Higher Rates    Bloomberg One reason to look past the surprise December drop in U.S. retail sales came in a report a day earlier, which showed Americans' inflation-adjusted wages rising ...
  • 8:20 AM » Atlanta Home Prices Up 4.8%, Outpacing National Growth
    Published Fri, Feb 15 2019 8:20 AM by www.redfin.com
    In Atlanta, price growth is stronger and homes are selling faster than they are in the U.S. overall, trends explained in part by the surge in people looking to move inland. Atlanta area home prices were up 4.8 percent annually to a median of $229,900 in January, marking nearly seven years of growing prices. While […] The post Atlanta Home Prices Up 4.8%, Outpacing National Growth appeared first on Redfin Real-Time .
    Click Here to Read the Full Article

    Source: www.redfin.com
  • 8:03 AM » JGBs rise tracking gains in U.S. Treasuries
    Published Fri, Feb 15 2019 8:03 AM by CNBC
    TOKYO, Feb 15- Japanese government bond prices rose on Friday as U.S. Treasuries held on to overnight gains and after Tokyo stocks pulled back from near two-month highs, boosting demand for debt. Also casting a shadow, the White House said President Donald Trump will declare a national emergency to try to obtain funds for his promised U.S.- Mexico border wall,...
  • Thu, Feb 14 2019
  • 5:01 PM » NJ congressman pushes bill to restore full state, local tax deductions: 'We can't accept this'
    Published Thu, Feb 14 2019 5:01 PM by CNBC
    New Jersey Democrats Rep. Bill Pascrell and Sen. Bob Menendez introduced a bill in both the House and Senate earlier this week that would repeal the $10,000 federal cap on state and local tax, or SALT, deductions. The legislation is called the "Stop Attacking Local Taxpayers (SALT) Act."
  • 5:01 PM » Senate passes border security bill, sends to House
    Published Thu, Feb 14 2019 5:01 PM by Reuters
    The U.S. Senate on Thursday voted overwhelmingly to avert another partial government shutdown with bipartisan spending legislation that funds new barriers for part of the U.S.-Mexico border, but not the $5.7 billion that President Donald Trump sought for a wall.
  • 4:08 PM » U.S. tax refunds down nearly 9 percent vs year ago: IRS data
    Published Thu, Feb 14 2019 4:08 PM by Reuters
    The average U.S. tax refund under President Donald Trump's tax overhaul is down nearly 9 percent so far in this year's tax filing season, according to Internal Revenue Service data released on Thursday.
  • 4:04 PM » Trump to sign border bill, declare emergency seeking wall funds
    Published Thu, Feb 14 2019 4:04 PM by Reuters
    President Donald Trump will sign a border security bill to avert another government shutdown, but also declare a national emergency to try to obtain funds for his promised U.S.-Mexico border wall, a White House spokeswoman said on Thursday.
  • 3:10 PM » Gypsum, OSB, and Softwood Lumber Prices Decline in January
    Published Thu, Feb 14 2019 3:10 PM by eyeonhousing.org
    Overall, the price of goods used in residential construction declined 0.5% in January (not seasonally adjusted) according to the latest Producer Price Index (PPI) released by the Bureau of Labor Statistics. In contrast to December–when prices paid for building materials (except OSB) changed little–prices fell by an average of 2.9% in January. Prices paid for inputs to residential construction (goods)... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 2:09 PM » Economists slash growth for fourth quarter after big retail sales drop
    Published Thu, Feb 14 2019 2:09 PM by CNBC
    Economists slashed GDP forecasts for the fourth quarter, and now see growth closer to 2 percent than 3 percent, after a surprise drop in December retail sales.
  • 2:09 PM » This week's podcast: a discussion of the CFPB's TRID Rule guidance
    Published Thu, Feb 14 2019 2:09 PM by www.consumerfinancemonitor.com
    Last month, after more than three years of urging by the industry to provide written guidance, the CFPB issued four FAQs on its TILA/RESPA Integrated Disclosure (TRID) Rule. In this week’s podcast, we take a close look at the FAQs and what they tell creditors, particularly its guidance on when a corrected Closing Disclosure and... Continue Reading
    Click Here to Read the Full Article

    Source: www.consumerfinancemonitor.com
  • 2:08 PM » Housing Inventory Is Plunging in D.C. as Amazon Moves In
    Published Thu, Feb 14 2019 2:08 PM by Bloomberg
    Housing Inventory Is Plunging in D.C. as Amazon Moves In    Bloomberg After years of steeply rising prices and tight supply, U.S. homebuyers are getting a bit of relief. The inventory of houses on the market has climbed nationally for ...
  • 2:08 PM » This map shows how much more expensive it is to own than to rent in every US state
    Published Thu, Feb 14 2019 2:08 PM by CNBC
    Using data from the U.S. Census Bureau's 2013-2017 American Community Survey five-year estimates, CNBC Make It calculated how much more it costs to own a home versus rent in each U.S. state.
  • 11:52 AM » Housing Affordability Holds Steady at a 10-Year Low in the Fourth Quarter
    Published Thu, Feb 14 2019 11:52 AM by eyeonhousing.org
    A modest increase in interest rates offset a slight decline in home prices to keep housing affordability essentially level in the fourth quarter of 2018 and still hovering at a 10-year low, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). In all, 56.6 percent of new and existing homes sold between the beginning of... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 11:27 AM » Fed Gov. Brainard: 'Downside risks have definitely increased' on the economy
    Published Thu, Feb 14 2019 11:27 AM by CNBC
    Fed Gov. Brainard: 'Downside risks have definitely increased' on the economy<br/>https://www.cnbc.com/2019/02/14/fed-gov-brainard-downside-risks-have-definitely-increased-on-the-economy.html
  • 10:33 AM » CFPB proposals to revise payday loan rule and delay compliance date published in Federal Register
    Published Thu, Feb 14 2019 10:33 AM by www.consumerfinancemonitor.com
    The CFPB's proposal to revise its final payday/auto title/high-rate installment loan rule to rescind the rule's ability-to-repay (ATR) provisions in their entirety and its proposal to delay the compliance date for the ATR provisions until November 19, 2020 were published in today's Federal Register. The CFPB's proposals would leave unchanged the rule's troublesome payment provisions... Continue Reading
    Click Here to Read the Full Article

    Source: www.consumerfinancemonitor.com
  • 10:01 AM » U.S. Congress advances border security bill without Trump border wall
    Published Thu, Feb 14 2019 10:01 AM by Reuters
    The U.S. Congress on Thursday aimed to end a dispute over border security with legislation that would ignore President Donald Trump's request for $5.7 billion (£4.45 billion) to help build a wall on the U.S.-Mexico border but avoid a partial government shutdown.
  • 9:21 AM » US weekly jobless claims total 239,000, vs 225,000 expected
    Published Thu, Feb 14 2019 9:21 AM by CNBC
    The number of Americans applying for unemployment benefits rose last week but remains at levels low enough to show that most workers enjoy job security.
  • 8:42 AM » Fed may use rebound as motive to revive rate hikes, market researcher James Bianco warns
    Published Thu, Feb 14 2019 8:42 AM by CNBC
    "The stock market is rallying basically for one reason: The Fed backed off," Bianco Research's James Bianco says.
  • 8:23 AM » Amazon loaded up on low-risk government bonds last year as investors dumped tech stocks
    Published Thu, Feb 14 2019 8:23 AM by CNBC
    As Amazon enjoyed record profits and cash balances last year, it turned to one of the safest and lowest-risk investments: Government debt.
  • 8:06 AM » The Fed Risks Repeating December's Mistake
    Published Thu, Feb 14 2019 8:06 AM by Bloomberg
    The Fed Risks Repeating December's Mistake    Bloomberg The economists that the central bank tends to agree with have a vastly different view of the path for monetary policy than markets.
  • 8:05 AM » RBS Among Eight Banks in Euro Bond Cartel Probe
    Published Thu, Feb 14 2019 8:05 AM by Bloomberg
    RBS Among Eight Banks in Euro Bond Cartel Probe    Bloomberg Royal Bank of Scotland Group Plc is among eight global banks being scrutinized in a probe into an alleged euro bond trading cartel, a person familiar with the ...
  • Wed, Feb 13 2019
  • 5:52 PM » Why America's New Apartment Buildings All Look the Same
    Published Wed, Feb 13 2019 5:52 PM by Bloomberg
    Why America's New Apartment Buildings All Look the Same    Bloomberg Cheap stick framing has led to a proliferation of blocky, forgettable mid-rises-and more than a few construction fires.
  • 4:03 PM » Fed Officials' Views on the Economy Have Converged: It's in a Good Place
    Published Wed, Feb 13 2019 4:03 PM by Bloomberg
    Fed Officials' Views on the Economy Have Converged: It's in a Good Place    Bloomberg Federal Reserve officials are getting their stories straight on the U.S. economy.
  • 4:02 PM » US posts $14 billion budget deficit as revenues sag after Trump tax cuts
    Published Wed, Feb 13 2019 4:02 PM by CNBC
    The U.S. federal government ran a $14 billion budget deficit in December as revenues sagged following last year's tax cuts even as the economy appeared strong, Treasury Department data showed on Wednesday.
  • 3:31 PM » Senator Graham says Trump is inclined to sign funding deal
    Published Wed, Feb 13 2019 3:31 PM by Reuters
    U.S. President Donald Trump is inclined to sign bipartisan legislation to fund the government as long as its provisions on a border wall and bed spaces for illegal immigrants are as he expects, a Republican senator close to the White House said on Wednesday.
  • 3:30 PM » Houston Real Estate in January: Sales declined 8% YoY, Inventory Up 17%
    Published Wed, Feb 13 2019 3:30 PM by Calculated Risk Blog
    Houston set a record for sales in 2018. However, the year ended soft, and with lower oil prices - in addition to higher mortgage rates - 2019 is off to a slow start. From the HAR: Houston's Housing Market Cools in January Fresh on the heels of a record-breaking 2018, home sales across greater Houston began the new year at a dramatically slower pace. Sales volume fell in all pricing segments in January, including the luxury home market, which saw its first decline in 12 months. However, rental activity was strong, and inventory levels continued expanding, providing consumers with more choices in the lead-up to the traditionally busy spring buying season. According to the latest monthly report from the Houston Association of Realtors® (HAR), 4,100 single-family homes sold in January compared to 4,462 a year earlier. That represents an 8.1 percent decline - the third straight month of falling sales. ... "January appears to have delivered a perfect economic storm of sorts, with some consumers focused on paying off holiday credit card bills, others concerned about the recent bump in mortgage rates and still others that may have felt the squeeze from the partial government shutdown," said HAR Chair Shannon Cobb Evans with Heritage Texas Properties. "We are encouraged by the strong performance among rental properties, and I believe that as inventory levels continue to grow, more buyers will return to the market." ... Total active listings, or the total number of available properties, climbed 16.8 percent to 38,872 . Inventory registered a 3.7-months supply. That is up from 3.2 months a year earlier ... emphasis added
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
< Previous 1 2 3 4 5 Next > ... Last »
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 4.45%
  • |
  • 15 Yr FRM 4.05%
  • |
  • Jumbo 30 Year Fixed 4.29%
MBS Prices:
  • 30YR FNMA 4.5 103-20 (0-04)
  • |
  • 30YR FNMA 5.0 104-30 (0-03)
  • |
  • 30YR FNMA 5.5 106-02 (0-02)
Recent Housing Data:
  • Mortgage Apps -2.52%
  • |
  • Refinance Index 0.33%
  • |
  • Purchase Index -4.92%