Wed, Sep 30 2009, 8:21 AM
Mortgage rates remained below 5% for the second week in a row, yet the low rates fail to spur increased appetite for refinancing, new loans, or purcha...
Wed, Sep 30 2009, 8:14 AM
It’s one day before the start of the fourth quarter and global stock markets are rallying. US equity futures are looking to erase yesterday’s losses, ...
Wed, Sep 30 2009, 2:07 PM
The Office of Thrift Supervision and the Office of Comptroller of the Currency reported on Tuesday that mortgage delinquencies and foreclosures are st...
Wed, Sep 30 2009, 1:52 PM
The stock market turned ugly this morning after an index from the windy city reported that business conditions were back in the red. An earlier report...
Tue, Sep 29 2009, 10:00 AM
Home prices continued to stabilize in 18 of the 20 metropolitan areas surveyed in July, an industry survey showed Tuesday. Thirteen of the 20 metro ar...
Tue, Sep 29 2009, 8:17 AM
Stock prices are trading lower this morning after yesterday’s blistering 1.78% gain. Commodity prices are mixed with oil slightly above $66, well belo...
Tue, Sep 29 2009, 2:31 PM
In their monthly summary, Fannie Mae today said their retained portfolio was unchanged at $779.4 billion in August of 2009. This follows an 18.2% cont...
Tue, Sep 29 2009, 1:32 PM
After an unexpected drop in consumer confidence spurred on a stock sell-off this morning, all three equity indexes are clawing their way back to uncha...
Mon, Sep 28 2009, 9:24 AM
Markets are looking optimistic this morning ahead of an insanely busy week. Monday begins slowly with no major macroeconomic data on the schedule, but...
Mon, Sep 28 2009, 1:04 PM
US equities were quick out of the gate on Monday morning. In just a few hours stocks have came close to erasing all of last week’s losses. As of 1pm, ...
Fri, Sep 25 2009, 10:47 AM
New home sales increased for the fifth straight month in August, but the 0.7% gain didn’t match the median estimate of +1.6%. The annual pace of sales...
Fri, Sep 25 2009, 8:13 AM
Equity futures are looking slightly up in anticipation of some major data releases this morning. Global markets have been mixed, while the US$ is stro...
Fri, Sep 25 2009, 1:06 PM
Weak orders for durable goods and a soft advance in new home sales have contributed to a lackluster performance in equity markets today. While a boost...
Thu, Sep 24 2009, 10:49 AM
The National Association of Realtors said sales of existing homes fell 2.7% in August, pushing the annual rate to 5.10 million units from 5.24 million...
Thu, Sep 24 2009, 8:13 AM
The sharp sell-off in yesterday’s final hour hurt investor sentiment around the globe and contributed to general uncertainty about near-term prospects...
Thu, Sep 24 2009, 1:56 PM
All three equity indexes have extended yesterday’s late day weakness into today. After a modest open, the S&P is trading near the lows of the day, dow...
Wed, Sep 23 2009, 8:39 AM
Stocks are flat and the US dollar is nearing 2009 lows as the Federal Reserve prepares to release its monetary policy statement this afternoon. It’s a...
Wed, Sep 23 2009, 8:06 AM
Mortgage rates fell below 5% for the first time since mid-May last week, leading to increased appetite for refinancing, new loans, and purchases, an i...
Wed, Sep 23 2009, 4:31 PM
Upon release of an upbeat communiqué from the Federal Reserve’s Open Market Committee, equity indexes jumped up to 11-month highs and the dollar weake...
Wed, Sep 23 2009, 3:02 PM
When Federal Reserve chairman Ben Bernanke called the recession “very likely over” last week, there was some talk about whether his colleagues on the ...
Tue, Sep 22 2009, 12:13 PM
The US dollar continues to weaken after a pause on Monday, boosting appetite for dollar-denominated commodities and pushing share prices up. Crude oil...
Tue, Sep 22 2009, 12:11 PM
Home prices bottomed out in the second quarter but prices are not rising as quickly as forecasters had assumed, an industry survey said Tuesday.
T...
Tue, Sep 22 2009, 8:29 AM
The Federal Reserve’s Open Market Committee begins its two-day monetary policy meeting today. Investors expect policy to remain accommodative well int...
Mon, Sep 21 2009, 11:21 AM
Following a downturn in equity markets across the globe, US stocks opened sharply lower on Monday morning. A fifth straight advance in the Leading Eco...
Mon, Sep 21 2009, 8:30 AM
Equity markets across the globe are in sell-mode this morning, leading the US futures market to point to a lower opening while the US dollar is showin...
Fri, Sep 18 2009, 12:54 PM
The main headline this morning doesn’t come from the markets, which are mixed on light trading, but from the Treasury, which closed its guarantee on m...
Fri, Sep 18 2009, 10:28 AM
Officials from four federal departments and agencies and attorneys general of 12 states met in Washington on Thursday to discuss what was termed an "e...
Fri, Sep 18 2009, 8:24 AM
Take a glance at the schedule and you could be forgiven for thinking it’s a holiday. No data from the US is will hit markets all day, nor are there Tr...
Fri, Sep 18 2009, 4:02 PM
The Federal Housing Administration (FHA) today announced several significant policy changes that are intended to improve the housing agency's exposure...
Fri, Sep 18 2009, 1:43 PM
The government agency protecting mortgage lenders against losses has been burning through its liquidity as it attempts to stem the rising tide of fore...
Thu, Sep 17 2009, 12:54 PM
Mixed housing and labor reports caused equity markets to flounder on Thursday morning. Early gains were given up, and after a second climb appeared to...
Thu, Sep 17 2009, 9:43 AM
The total number of housing starts came in at 598k, just 2k below the consensus forecast. But, rather than being driven by single-family starts, the n...
Thu, Sep 17 2009, 8:08 AM
Equity futures are pointing up this morning as investors hope to keep the rally going for a fourth straight day. Since Monday the S&P 500 has gained 3...
Thu, Sep 17 2009, 5:56 PM
The goal of the Federal Reserve's agency MBS program is to provide support to mortgage and housing markets and to foster improved conditions in financ...
Thu, Sep 17 2009, 2:28 PM
While the level of new delinquencies on residential mortgage loans has stabilized, the size of the “foreclosure pipeline” continues to grow. Accordin...
Thu, Sep 17 2009, 1:19 PM
Freddie Mac's Primary Mortgage Market Survey for the week ended September 17 reported the third consecutive week of lower rates for fixed rate mortgag...
Wed, Sep 16 2009, 9:17 AM
Mortgage rates increased slightly last week but still remain at historically low rates. Even so, demand for mortgages, refinancing, and purchases all ...
Wed, Sep 16 2009, 8:25 AM
For the second day in a row, markets began with a rough start yesterday but made steady climbs throughout the afternoon and ended on positive tones. T...
Wed, Sep 16 2009, 3:26 PM
HR 3146, passed the House of Representatives on a voice vote Tuesday afternoon. The bill permits flexability in hiring and compensating staff, provide...
Wed, Sep 16 2009, 1:54 PM
Stocks are higher again today, marking gains in eight out of the last nine trading sessions. A boost to industrial production and a tame inflation rep...
Tue, Sep 15 2009, 12:58 PM
Retail sales posted their strongest monthly gain in three years and other fresh news was mostly supportive of growth in the third quarter, but market ...
Tue, Sep 15 2009, 8:26 AM
A slow and steady climb from a poor opening helped US equity markets close on a positive note yesterday, with the S&P 500 gaining 0.63% to a new 11-mo...
Mon, Sep 14 2009, 8:34 AM
The week begins on a light note with no major data scheduled for release. However, one week ahead of the Federal Reserve’s Open Market Committee meeti...
Mon, Sep 14 2009, 2:04 PM
With no fresh data to trade on, US equity markets took a cue from global exchanges and opened lower this morning. Leading up to the day’s key event, a...
Fri, Sep 11 2009, 8:27 AM
The benchmark S&P 500 has gained 52% since early March and investors continue to be optimistic about buying equities. The last five days have seen con...
Fri, Sep 11 2009, 1:38 PM
As of 12:30, all three markets had fallen into the negative, albeit modestly. The Nasdaq is down 0.46% to 2,074, the Dow is trading 0.38% lower at 9,5...
Fri, Sep 11 2009, 1:34 PM
Fitch Ratings has released the criteria by which it rates Servicers' Advance Receivables Trusts (SARTs); a derivative based on the recovery by a servi...
Thu, Sep 10 2009, 12:50 PM
In late August, Wall Street was worried that the March to August run-up in equity prices had become overheated, but since September 2 the Dow has adde...
Thu, Sep 10 2009, 8:24 AM
US stock markets are looking for a flat open after the S&P 500 moved up 0.78% yesterday, but prices could change quickly depending on the outcome of t...
Thu, Sep 10 2009, 1:04 PM
Both Fannie Mae and Freddie Mac reported that average interest rates edged down during the most recent weeks for which data is available.
Accordi...
