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December's Housing Starts Surged to 13-Year High

Home Builders Confidence Remains Near 20-Year High

Lower Housing Affordability Linked to Slower Job Growth

VA Removes Loans Limits, Increases Fees

Mortgage Applications Soar to Best Levels in Over a Decade

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Mortgage Rate Volatility Still a No-Show For 2020

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December's Housing Starts Surged to 13-Year High

Published: 1/17/2020

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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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Tuesday's Events.: Bernanke & Lacker Speak, U.S. Pending Home Sales

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July 07 2008, 7:00 AM

High-profile speakers will take centre stage on Tuesday. Federal Reserve Chairman Ben Bernanke is set to speak in Arlington, Virginia at the Federal Deposit Insurance Corporation's Mortgage Lending for Low- and Moderate Income Households forum . Richmond...
SEC and Federal Reserve Agree to Improve Information Sharing

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July 07 2008, 7:00 AM

The Securities and Exchange Commission and the Federal Reserve agreed on an information-sharing pact on Monday, which aims to better detect potential risks to the financial system. U.S. Treasury Secretary Henry Paulson released a brief statement saying...
Improve Business By Becoming Green Certified

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by Mortgage News Daily on July 07 2008, 7:00 AM

There are dozens of ways of plugging in to what is now the hottest trend going, the movement toward energy efficient and sustainable living. But here are a few that could very profitable. Look into Green Certification This is a growing field and, at present...
Fed's Yellen Says Markets "May Get Worse Before They Get Better"

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July 07 2008, 7:00 AM

Federal Reserve Bank of San Francisco President Janet Yellen said Monday market conditions "could get worse before they get better", but that she expects market functioning to "improve markedly" by 2009 ....
Economists Divided on Direction of Economy, Inflation

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July 07 2008, 7:00 AM

With the second half of the year just beginning, economists are questioning if the worst of the U.S. downturn is already over, or whether uncertainty about rising prices spells more gloom and doom for the economy. While there is pressure for the Fed to...
The Week Ahead

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July 07 2008, 7:00 AM

This week will begin with a number of Federal Reserve speakers and see the release of housing data in both Canada and the U.S. on Wednesday. The relatively quiet week will culminate on Friday with Canada's employment report for June, which is expected...
American Cities See Record Annual Foreclosure Rate Increases in Q2

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July 03 2008, 7:00 AM

Record high foreclosure rates in the second quarter were reported in Los Angeles, Seattle, Miami and New York, according to a report issued by PropertyShark.com. Los Angeles led the four cities with a 282.01% increase in the second quarter compared to...
U.S. June Nonfarm Payrolls Decline 62k, Unemployment Rate Remains at 5.5%

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July 03 2008, 7:00 AM

U.S. nonfarm payrolls declined for the sixth straight month, falling in line with expectations by a total of 62k jobs in June, according to the Bureau of Labor Statistics on Thursday. May's jobs figure was revised to a loss of 62k jobs from an initially...
Mortgage Rates Mark Time Waiting for Federal Action

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by Mortgage News Daily on July 02 2008, 7:00 AM

Mortgage rates continued to set record 2008 levels with long term rates moving up slightly during the week ended June 26, and short term rates increasing modestly but in double digits. Mortgage applications increased 3.6 percent on a seasonally adjusted...
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 Mortgage News Daily 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 Mortgage News Daily 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 Mortgage News Daily 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...

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