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Most Real Estate Investors in CA Plan on Selling Inside 6 Years

MBA Highlights Opportunity For Private Capital Risk-Sharing With...

Fannie Forecast Serves up Feast for Housing Recovery Bulls

Delinquencies to Decrease Slightly, Price Appreciation Sustainable...

Consumer Mortgage Choice Act Under Fire From CRL

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MND NewsWire features plain and simple interpretations of industry related data and events written in a manner that maintains the interest of random readers while still catering to the perspective of a housing market professional.

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Friday's Events: U.S. CPI, Michigan Sentiment; Greenspan Speaks

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June 13 2008, 7:00 AM

At 10 a.m. EDT, Reuters and the University of Michigan will release the preliminary consumer sentiment report for June. The headline index is expected to decline to 59.0 compared to May's final 59.8. At noon EDT, former Fed Chairman Alan Greenspan will...
Economists Speculate on Fed's Monetary Policy Following CPI Report

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June 13 2008, 7:00 AM

Core inflation continued to be benign in May, rising 0.2% in the month and 2.3% in the year, but the Fed will likely put more focus on total inflation as that figure came in higher than anticipated, economists said on Friday after the CPI report . TD...
Go Green With Your Real Estate Marketing

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by Glenn Setzer on June 12 2008, 7:00 AM

The National Association of Realtors� (NAR) presently claims 1.2 million members. We figure those are figures from 2007, pre-dating the worst of the housing free fall and that there have been many dropouts since then. Even in the best of times the division...
Fed's Plosser Calls Inflation Threat "Serious" and "An Insidious Tax on Consumers"

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June 12 2008, 7:00 AM

Speaking in an interview with CNBC, Philadelphia Fed President Charles Plosser said the inflation threat was "serious", and called it an "insidious tax on consumers". Turning towards the credit crunch , the Philadelphia Fed President warned that financial...
Lehman Brothers CFO and COO Resign With Stock Down 32% in a Week

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June 12 2008, 7:00 AM

A pair of top executives at Lehman Brothers have resigned with shares of the company in freefall. Shares of the company are trading down 3% to $22.87 ahead of the open. Since the close on June 5, shares of Lehman are down 32.7%. Chief Financial Officer...
MBA Mortgage Applications Fall in Week Ending June 6

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June 11 2008, 7:00 AM

Weekly mortgage applications in the United States fell further in the week ending June 6, according to data from the Mortgage Bankers' Association (MBA) on Wednesday, which reported that applications increased by 10.6% week-over-week. In the previous...
Most Mortgage Rates were Stagnant While Application Volume Increased

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by Glenn Setzer on June 11 2008, 7:00 AM

While the stock market has been undergoing some wild fluctuations over the last couple of weeks, the mortgage scene has been quiet - very quiet. According to Freddie Mac which released the results of its Primary Mortgage Market Survey for the week ended...
Fed's Kroszner Says Disclosures Might Not Be Enough

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June 11 2008, 7:00 AM

Speaking at the Cleveland Fed's 2008 Community Development Policy Summit on consumer credit markets , Fed Governor Randall Kroszner said that more disclosures on some credit products may not be sufficient to protect consumers. "There are challenges in...
U.S. Fed's Beige Book Says Economy "Generally Weak" With 7 Districts Slowing

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June 11 2008, 7:00 AM

Economic conditions across the United States remain " generally weak " in the Fed's Beige Book covering April and May, yet only seven of the 12 districts describe conditions as "sluggish" or "soft," compared to nine in the previous report, while the remaining...
Wednesday's Events: Fed's Beige Book, Fed & ECB Speakers, Canadian Q1 Cap. U.

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June 11 2008, 7:00 AM

The Fed's Beige Book and some Fed speakers will top the economic data menu for the United States on Wednesday as Canadian markets receive first-quarter capacity utilization data. In Europe, markets will also be preparing to hear from J?Stark of the European...
Paulson Says Main Message to G8 Will Be Strong U.S. Economy to Reflect in USD

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June 10 2008, 7:00 AM

Speaking in an interview with Bloomberg Television, U.S. Treasury Secretary Henry Paulson said he would not speculate on what the G8 will say, but his main message to the organization would be that the strong fundamentals of the U.S. economy would be...
Fed's Fisher Says He Does Not Push For Higher Rates

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June 10 2008, 7:00 AM

Speaking at an inflation conference at the Boston Federal Reserve, Richard Fisher of the Dallas Fed said he was not advocating an increase in interest rates even though he "drew the line" when the Fed funds target was at 3.50%. The financial turmoil was...
Tuesday's Events: Bank of Canada Rate Decision, Trade Data for U.S. & Canada

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June 10 2008, 7:00 AM

The Bank of Canada's rate decision, some Fed speak and international trade statistics from the U.S. and Canada will top the day's economic events....
Preview: Fed's Beige Book to Confirm Broad-Based Softness in Economy

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June 10 2008, 7:00 AM

Economists largely agree that the Beige Book document to be released Wednesday by the Federal Reserve won't reveal anything new. It will likely say that economic conditions are generally soft across the country, with a few pockets of exceptional weakness...
American Express Survey Shows Companies to Focus on Growth and Expenses

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June 10 2008, 7:00 AM

Despite the current bleak financial outlook, companies are finding ways to watch expenses and invest in growth , according to a report issued by the American Express/CFO Research Global Business and Spending monitor. The American Express report indicator...

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