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Bipartisan Housing Reform Bill said ready for Senate

MBA: Offsetting Factors Led to Slight Improvement in Credit Access

Housing Recovery Continuing, but not yet Robust -Fannie Survey

Housing Scorecard Focuses on Principal Reduction Program

Breaking Down Weather Implications in Stronger Employment Report

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Mortgage Rates Pause Near 2-Month Highs; 5/3rd Exiting Wholesale; Fannie Housing Survey; Housing Scorecard Examines Principal Reductions

Published: 3/10/2014

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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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After ADP, Markets Expect Lower Consensus for Nonfarm Payrolls

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July 02 2008, 7:00 AM

Economists appear to be unanimous in their calls for increased downside risk to Thursday's BLS nonfarm payrolls report, following a weaker-than-expected ADP private employment report for June. ADP figures showed a decline of 79k jobs in the month against...
Fed's Mishkin Says Fed Wants to Contain Inflation Expectations

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July 02 2008, 7:00 AM

Speaking at a conference in Israel, Federal Reserve board Governor Frederic Mishkin said he currently sees an "upside risk" to inflation expectations and that the Fed wants to contain those expectations. "U.S. inflation has risen recently, largely because...
Central Bank Watch: Market Attention Shifts to ECB - Finally Time to Hike?

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by Glenn Setzer on July 02 2008, 7:00 AM

After last week's highly-anticipated Federal Reserve rate decision, in which rates were expectedly left on hold, markets have shifted their attention to the upcoming European Central Bank rate decision on Thursday....
Wednesday's Events: U.S. Employment Data Ahead of Nonfarm Payrolls Thursday

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July 02 2008, 7:00 AM

Employment data from the United States and the Department of Energy's weekly inventories report will highlight the North American data on Wednesday as markets prepare for U.S. nonfarm payrolls on Thursday. In the afternoon, markets will also be paying...
CIT Group Sells Off its Last Home Related Business Interests

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by Glenn Setzer on July 01 2008, 7:00 AM

CIT Group announced on Monday that it was selling both its home lending business and its manufactured- housing division. The lending business which has total assets of $9.3 billion as well as servicing operations will go to Lone Star Funds for $1.5 billion...
Will Lehman Brothers Survive Another Round of Rumors?

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by Glenn Setzer on July 01 2008, 7:00 AM

Rumors were swirling about another major Wall Street player on Monday as Lehman Brothers Holdings Inc. stock fell 11 percent. The stock reached the lowest level it had seen since 2000 as the Street's second smallest Wall Street firm was the subject of...
U. S. Construction Spending Drops Further in May

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July 01 2008, 7:00 AM

According to a report from the U.S. Department of Commerce, construction spending in the United States declined 0.4% month-over-month in May. Residential construction fell by 1.6%, unchanged from April's 1.6 % decrease, while non-residential construction...
MBA Says Home Construction Loan Delinquency Rate Misleading

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July 01 2008, 7:00 AM

Constructions loans for single and multi family projects in the United States are incorrectly included in commercial real estate delinquency reports, according to the Mortgage Bankers Association's most recent Commercial/Multifamily Research DataNote...
MICA Reports Continued Problems for U.S. Homeowners

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July 01 2008, 7:00 AM

Nearly 68,000 American homeowners with mortgage insurance fell more than 60 days behind on their loans in May, outnumbering the 40,687 people who cured their situation in the month, according to a release from the Mortgage Insurance Companies of America...
ISM Manufacturing Halts Four Months of Declines, Rebounds to 50.2

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July 01 2008, 7:00 AM

The U.S. manufacturing sector halted a four-month trend of deterioration and rebounded into growth mode at 50.2 in June, against expectations of a decline to 48.5, according to the ISM manufacturing survey released on Tuesday morning. Despite the headline...
Tuesday Events: U.S. Retail Sales, U.S. Construction Spending, US ISM Index

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July 01 2008, 7:00 AM

Today's key economic release will be the ISM manufacturing index for June where economists expect a drop to 48.5 from May's 49.6 reading. Canadian markets will be closed to observe Canada Day. At 7:45 a.m. EDT, ICSC will release its retail sales figures...
Is Any Company Safe from Subprime Related Lawsuits?

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by Glenn Setzer on June 30 2008, 7:00 AM

...He cites as examples appraisers, "fee hungry" mortgage brokers, and real estate agents who participated in putting home buyers into subprime mortgages they could not afford. There may also be, as Lenckus puts it, an unknown number of "widget manufacturers...
Treasury's Paulson Says Fed's Role Must be as a Stabilizer

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June 30 2008, 7:00 AM

Speaking to journalists en route to Berlin, Treasury Secretary Henry Paulson said that his speech on July 2 will focus on the Federal Reserve's role as a macro stability regulator. Paulson said that speech will focus on the Federal Reserve's process for...
Dallas Fed Mfg Index Declines in June

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June 30 2008, 7:00 AM

Texas business activity declined further in June according to the Dallas Fed's manufacturing report on Monday, whose business activity index fell to -24.1 from May's -10.3. "Several indicators for current conditions declined from May levels and turned...
Monday's Events: Canadian GDP, ISM Chicago PMI, ECB's Constancio

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June 30 2008, 7:00 AM

Canadian GDP and the ISM-Chicago Purchasing Manager's Index will highlight the start of what is looking to be a busy shortened week on the North American data front. In the afternoon, comments from Portuguese Central Banker Vitor-Manuel Ribeiro Constancio...

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