Tue, Feb 23 2010, 8:06 AM
Weak data in Europe has caused stocks to edge lower this morning while the US dollar surges. The market is anticipating second-tier retail sales figur...
Tue, Feb 23 2010, 6:26 PM
Stating that the nation's housing market has made significant progress toward stability during the past year, Secretary of Housing and Urban Developme...
Mon, Feb 22 2010, 8:30 AM
Global equities are mostly higher Monday including gains of more than 2% in Japan and Hong Kong. In Europe, where George Provopoulos, governor of the ...
Fri, Feb 19 2010, 8:29 AM
Global equity markets have reacted negatively to the Federal Reserve’s decision to hike the discount rate by 25 basis points to 0.75% after the closi...
Fri, Feb 19 2010, 5:35 PM
Total mortgage delinquency rates, seasonally adjusted, were down 17 basis points during the fourth quarter, but up year-over-year by 159 basis points....
Fri, Feb 19 2010, 4:55 PM
President Barack Obama announced today that the administration will pump $1.5 billion into programs to address housing problems in states with the hig...
Thu, Feb 18 2010, 8:36 AM
The US dollar is higher this morning but stocks are mixed before the bell. A number of key indexes on inflation, employment, and manufacturing will hi...
Thu, Feb 18 2010, 3:34 PM
Since the inception of the program in January 2009, the Fed has spent $1.19 trillion in the agency MBS market, or 95.59 percent of the allocated $1.25...
Thu, Feb 18 2010, 3:23 PM
Zillow, the Seattle-based company that collects data on home values throughout the country, has released results of it's homeowner confidence survey c...
Wed, Feb 17 2010, 10:11 AM
Housing Starts data estimates how much new residential real estate construction occurred in the previous month. New construction means digging has beg...
Wed, Feb 17 2010, 8:31 AM
Stocks are looking for another positive open after the benchmark S&P 500 climbed 1.80% yesterday. One hour before the open, futures on the Dow are up ...
Wed, Feb 17 2010, 5:56 PM
The newest figures indicate more borrowers are emerging from trial loan modifications and signing permanent loan modification offers. As of the end of...
Tue, Feb 16 2010, 8:42 AM
Uncertainty remains as to whether Greece will resolve its debt issues, but markets around the globe were mostly higher Tuesday and the euro recovered ...
Tue, Feb 16 2010, 4:21 PM
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today revealed that home builders are more optimistic...
Tue, Feb 16 2010, 3:58 PM
Noting that the Case Shiller/S&P Home Index had risen 3 percent since hitting its low in May of last year, today's report speculated that the increase...
Fri, Feb 12 2010, 8:21 AM
Stock futures are sharply lower this morning after strong gains yesterday. The negative turn is in part due to overseas news as the central bank in Ch...
Thu, Feb 11 2010, 12:53 PM
James J. Saccacio, chief executive officer of RealtyTrac said "January foreclosure numbers are exhibiting a pattern very similar to a year ago: a doub...
Thu, Feb 11 2010, 8:28 AM
Equity markets could open higher this morning as media outlets report that the European Union have agreed to design a financial rescue plan for Greece...
Thu, Feb 11 2010, 2:56 PM
The Federal Reserve yesterday released an outline of their plan to remove the financial marketplace from the supportive influences of accomodative mon...
Wed, Feb 10 2010, 11:07 AM
Plain and Simple: the Fed is feeling their way through this one step at a time. The plan has been outlined but the marketplace is very sensitive to po...
Wed, Feb 10 2010, 8:31 AM
With investors still believing a bailout package will be structured for Greece, global equity markets are trading higher while stock futures at home a...
Wed, Feb 10 2010, 2:43 PM
Freddie Mac announced they would purchase $71.2 billion 120+ day in loans. This confirms fears that MBS investors should be expecting an increase in i...
Tue, Feb 9 2010, 8:25 AM
Stock markets may be reversing course after investors pushed down the Dow by 1.04% yesterday. Increased speculation that the European Union may bail o...
Tue, Feb 9 2010, 5:09 PM
Plain and Simple: sometimes a little snow is great for the local economy. sometimes too much snow can strain the budgetary limits of the local econom...
Mon, Feb 8 2010, 8:49 AM
The week ahead is a particularly slow one. The only major releases are the Trade Balance on Wednesday and Retail Sales report on Thursday. Plus, Frida...
Fri, Feb 5 2010, 8:14 AM
Equity futures are deep in the red this morning after substantial losses yesterday. The culprit continues to be European sovereign debt concerns in Gr...
Fri, Feb 5 2010, 4:49 PM
Sellers reacting to the depressed price of their houses appear to be holding back improvements in the housing market according to a survey by Thompson...
Thu, Feb 4 2010, 8:18 AM
Equity markets are in the red across the globe as investors become increasingly concerned that the Greek debt tragedy could spread to other countries ...
Thu, Feb 4 2010, 3:06 PM
In the week ending February 3, 2010, the Federal Reserve purchased a total of $17.63 billion agency MBS. In those five days the Federal Reserve sold $...
Thu, Feb 4 2010, 1:03 PM
Mortgage rates rose slightly during the past week according to information released today by both Freddie Mac and Fannie Mae. Only the one-year ARM re...
Wed, Feb 3 2010, 8:14 AM
Equity futures are mixed after a steady incline yesterday pushed the Dow and S&P 500 up 1.09% and 1.30%, respectively. 90 minutes before the opening b...
Wed, Feb 3 2010, 1:04 PM
Because the Employment Situation Report is so influential in the marketplace, it is also a source of great speculation. One source that provides a hin...
Tue, Feb 2 2010, 10:16 AM
Economists were expecting to see a small rebound in December Pending Homes Sales following a 16.4% decline in November, they got exactly what they wer...
Tue, Feb 2 2010, 8:21 AM
Equity markets are rallying ahead of key housing market data for December. 90 minutes before the opening bell, Dow futures are up 24 points to 10,161...
Tue, Feb 2 2010, 4:52 PM
I have spent the last few days using the control-f function to locate anything mentioning housing or the mortgage industry. I searched the document fo...
Tue, Feb 2 2010, 4:41 PM
At the end of the fourth quarter of 2009, there were 130.58 million housing units in the US. Compare that to the end of 2008 when there were 129.45 mi...
Tue, Feb 2 2010, 1:10 PM
The MBA reported Tuesday that commercial loan originations had increased during the fourth quarter over both the previous quarter and the same quarter...
Mon, Feb 1 2010, 8:09 AM
It’s a busy week ahead and two hours before Monday’s opening bell investors are optimistic.
Dow futures are up 41 points to 10,058 and S&P 500 futu...
Mon, Feb 1 2010, 6:13 PM
Bankers responding to the January 2010 Federal Reserve Senior Loan Officer Opinion Survey on Bank Lending Practices indicated that residential loan st...
Mon, Feb 1 2010, 2:54 PM
The Commerce Department today released December New Construction Spending data. Spending was worse than forecast, -1.2 percent to an annual rate of $9...
Fri, Jan 29 2010, 8:11 AM
90 minutes ahead of the opening bell and thirty before a GDP release that should show economic growth at a four-year high, equities are trading higher...
Thu, Jan 28 2010, 8:18 AM
One day after President Obama’s State of the Union Address, the US dollar is up, buzzing near it's highest level since August 2008. Equity futures are...
Thu, Jan 28 2010, 5:51 PM
The program has enrolled over 850,000 homeowners who are seriously delinquent in their mortgage payments in a trial modification period but has encoun...
Thu, Jan 28 2010, 5:09 PM
In the week ending January 27, 2010, the Federal Reserve purchased a total of $12.50 billion agency MBS. In those five days the Federal Reserve sold $...
Wed, Jan 27 2010, 10:50 AM
Sales of new one-family houses in December 2009 were at a seasonally adjusted annual rate of 342,000. This is 7.6% below the revised for the better No...
Wed, Jan 27 2010, 8:08 AM
MBA's VP of Research and Economics, summed up the environment PERFECTLY: "Although rates remain low, there appears to be a smaller pool of borrowers w...
Wed, Jan 27 2010, 7:59 AM
News from Asia has pushed the global stock market down after Toyota said it would stop production and sales on eight of its recalled vehicles.
Japa...
Tue, Jan 26 2010, 10:54 AM
On January 20, the Federal Housing Administration (FHA) announced that its plan to shore up the agency's capital reserves included stepped up enforcem...
Tue, Jan 26 2010, 8:29 AM
In the US, equity futures are mixed. Dow Futures are up 4 points to 10,142 and S&P 500 Futures are 1.40 points lower to 1,091.. Meanwhile, WTI Crude o...
Tue, Jan 26 2010, 4:11 PM
Standard and Poor's released the Case-Shiller Home Price Index this morning. On a month over month basis, home prices in 20 US cities fell 0.2% in Nov...
