Mon, Aug 3 2009, 8:12 AM
This week is a busy one for the macroeconomy as markets and analysts will receive some of the first major indicators of how the nation is faring at th...
Fri, Jul 31 2009, 12:50 PM
Market reaction has been mixed since it was confirmed that second-quarter GDP contracted at a much slower pace than the in the prior quarter. The data...
Thu, Jul 30 2009, 2:38 PM
Department of Housing and Urban Development (HUD) Secretary Shaun Donovan released new guidelines on Thursday for FHA's Affordable Modification Progra...
Thu, Jul 30 2009, 2:29 PM
Mortgages rates rose across the board during the most recent week according to data released by both Fannie Mae and Freddie Mac. Freddie Mac's vice p...
Thu, Jul 30 2009, 1:33 PM
After a two-day pause on Tuesday and Wednesday, markets are continuing the rally that began three weeks ago. Midway through Thursday, markets are up c...
Wed, Jul 29 2009, 12:45 PM
It’s adding up to be a pretty bad day for markets as new orders for durable goods tumbled, demand for mortgage applications shrunk, the Chinese stock ...
Wed, Jul 29 2009, 8:38 AM
Mortgage rates climbed for the second straight week, pulling down demand for mortgage applications, particularly for refinancing, according to a weekl...
Tue, Jul 28 2009, 12:40 PM
Housing data was positive this morning but markets are reeling from mixed earnings reports and weak consumer confidence. Ninety minutes into the sessi...
Tue, Jul 28 2009, 10:25 AM
Home prices across the nation improved for their fourth consecutive month in May but remain about 17% lower than one year ago, according to the S&P Ca...
Mon, Jul 27 2009, 11:58 AM
Markets jumped in the minutes after the New Home Sales report posted its biggest one-month leap in eight year, as of noon in Monday’s session all thr...
Mon, Jul 27 2009, 10:46 AM
The morning began with great news for the housing market. Sales of new single-family homes shot up 11% in June ― the biggest one-month jump in eight y...
Mon, Jul 27 2009, 8:06 AM
Housing data and Treasury auctions totaling $115 billion dominate the calendar between Monday and Thursday, but the big news this week will be the fir...
Fri, Jul 24 2009, 1:20 PM
Federal Reserve chairman Ben Bernanke made it clear earlier in the week that the central bank wouldn’t be taking the punch bowl away any time soon, bu...
Thu, Jul 23 2009, 12:34 PM
Home buyers and refinancers waiting and hoping for a return of record low rates suffered a setback this week as fixed rates reversed a three-week down...
Thu, Jul 23 2009, 11:46 AM
First-time homebuyers and the sales of distressed properties helped drive the pace of Existing Home Sales up for the third consecutive month in June. ...
Thu, Jul 23 2009, 5:12 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...
Wed, Jul 22 2009, 12:30 PM
With Federal Reserve chairman Ben Bernanke singing the same tune to the Senate that investors heard from the House yesterday, market attention is focu...
Wed, Jul 22 2009, 9:40 AM
Mortgage rates climbed in the week ending July 17, yet the demand for loans still managed to increase during the week, according to a weekly industry ...
Wed, Jul 22 2009, 4:06 PM
The value of homes rose nearly 1 percent over April figures in the May Housing Price Index released on Wednesday by the Federal Housing Finance Agency...
Mon, Jul 20 2009, 12:39 PM
Markets opened higher Monday morning following a five-day rally in the major indexes last week. The S&P 500 has now gained 39.5% since its nadir in ea...
Fri, Jul 17 2009, 11:47 AM
Markets are in the red on Friday as investors snatch profits after four days of rapid gains. Earnings reports from Citigroup and Bank of America were ...
Fri, Jul 17 2009, 9:33 AM
A housing construction report indicated higher levels of activity than the range of forecasts, but that had more to do with revisions to the previous ...
Thu, Jul 16 2009, 12:19 PM
Stocks were trading lower in the first hour of trading on Thursday but relative to the 6.1% gain seen in the first three days of the week, the sell-of...
Thu, Jul 16 2009, 10:40 AM
As the unemployment rate approaches double-digits, almost two million homes received foreclosure filings in the first half of 2009, 15% more than in t...
Thu, Jul 16 2009, 4:12 PM
MGIC Investment Corp., a major provider of Private Mortgage Insurance, announced nearly $340 million in losses for the second quarter. The company al...
Thu, Jul 16 2009, 4:09 PM
According to Freddie Mac's weekly survey, mortgage rates drifted down for the third consecutive week although they remain well above the record lows e...
Thu, Jul 16 2009, 4:02 PM
The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the five trading days between July 9 and J...
Wed, Jul 15 2009, 12:36 PM
Freddie Mac made several "Best Practices" recommendations for selecting appraisers and reviewing their products. One of these contained the statement...
Wed, Jul 15 2009, 11:51 AM
If the first hour of trading is any guide, markets will see their third day of gains this week following two weeks of declines. And stocks aren’t just...
Wed, Jul 15 2009, 8:46 AM
A major drop in mortgage rates helped demand for loans move up yet again, including a surge of refinance activity.
The Market Composite Index ― a w...
Tue, Jul 14 2009, 11:52 AM
The main events of the morning were soaring producer prices, a better-than-expected retail sales report (driven, however, by fuel costs), slipping bus...
Mon, Jul 13 2009, 12:08 PM
The Nasdaq dropped an entire percentage point in early trading but 90 minutes into the session all three major indexes have rebounded into positive te...
Fri, Jul 10 2009, 1:39 PM
Markets opened higher on Friday after the Trade Balance for May hit a ten-year low, but when a Consumer Confidence report wiped away the previous thre...
Thu, Jul 9 2009, 12:00 PM
Mortgage interest rates dropped again this week according to the results of Freddie Mac’s Primary Mortgage Market Survey for the week ended July 9.
...
Thu, Jul 9 2009, 11:47 AM
Markets opened higher due to a smaller-than-expected loss in Q2 from Alcoa, whose earnings were posted after the closing bell yesterday. In addition, ...
Thu, Jul 9 2009, 5:09 PM
The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS).In the four trading days between July 2 and Ju...
Wed, Jul 8 2009, 12:09 PM
Stock markets have been quite volatile this morning: the major indexes managed to stay positive in the first ninety minutes of trading but at 11 am al...
Wed, Jul 8 2009, 9:18 AM
Demand for mortgage loans rebounded just before the holiday weekend, even as the average rate for a 30-year mortgage failed to improve, according to a...
Wed, Jul 8 2009, 5:01 PM
Although active participants in mortgage fraud may have subsided,until jobs start getting created again and the demand for housing returns we will mos...
Tue, Jul 7 2009, 11:25 AM
Despite some optimism a few hours before the bell, markets opened lower once the first of two weekly retail sales reports came in with disappointing f...
Tue, Jul 7 2009, 1:57 PM
The American Bankers Association's (ABA) today released Consumer Credit Delinquency data. The ABA report said that the composite ratio, which tracks d...
Mon, Jul 6 2009, 10:50 AM
The only data release for the day was the ISM-Non Manufacturing Index, but markets shrugged it off and extended their losses even though it came in hi...
Thu, Jul 2 2009, 11:23 AM
The pace of losses in the labor market had been moderating for four months but in June nearly half a million jobs vanished from the economy, in contra...
Thu, Jul 2 2009, 8:16 AM
Markets are edging lower ahead of the 8:30 release of Nonfarm Payrolls. A lot is hanging on this report as many forecasts for the economy are dependen...
Wed, Jul 1 2009, 10:53 AM
Three data releases at 10:00 failed to sing in tune with each other. A key indicator of output showed some improvement but is still contracting overal...
Wed, Jul 1 2009, 5:52 PM
The Home Affordable Refinance Program was designed to assist borrowers who have demonstrated an acceptable payment history on their existing Fannie Ma...
Tue, Jun 30 2009, 10:02 AM
