Wed, Aug 12 2009, 12:26 PM
Three hours into Wednesday’s session, the NASDAQ is leading the way with a 1.65% advance to 2,0002, followed by a 1.30% climb in the Dow to 9,361, and...
Wed, Aug 12 2009, 8:59 AM
National mortgage rates continue to bounce around a volatile range. A jump in borrowing costs in the week ending August 7 caused refinance-related loa...
Wed, Aug 12 2009, 8:31 AM
After two pretty light days that have caused markets to tumble, Wednesday offers a busy schedule with a mix of fresh data and government policy. The S...
Wed, Aug 12 2009, 2:59 PM
Although we have dissected the policy statement alterations in great speculative detail, this FOMC statement was "as expected". The Fed confirmed that...
Tue, Aug 11 2009, 12:33 PM
The S&P 500 has dipped below the 1,000 level today as all three major indexes have shed more than 1% in the first three hours of trading. A better tha...
Tue, Aug 11 2009, 9:02 AM
It was a slow yesterday with no fresh data, and markets reacted by edging down following a four-week rally. Today is looking like a repeat performance...
Tue, Aug 11 2009, 3:47 PM
The second quarter 2009 report was released on Tuesday. It reported that, while home prices have continued to fall for the 10th quarter in a row, the...
Mon, Aug 10 2009, 12:41 PM
The first three hours of trading have been pretty light with all three indexes trading marginally lower, failing to move higher. Equities rallied on F...
Mon, Aug 10 2009, 8:28 AM
No significant data comes out Monday but the rest of the week should bring further confirmation that the economy turned a corner as the third quarter ...
Fri, Aug 7 2009, 11:45 AM
Fannie Mae posted a net loss of $14.8 billion in the second quarter, following up on a deficit of $23.2 billion from the first three months of the yea...
Fri, Aug 7 2009, 8:21 AM
Employment indicators have been mixed this month but virtually all economists believe the labor market improved substantially relative to June, even i...
Fri, Aug 7 2009, 1:29 PM
Buoyed by the first reversal in the unemployment rate in 15 months, markets are up more than 1% on Friday, which will give the benchmark S&P 500 its f...
Thu, Aug 6 2009, 8:27 AM
The only major data coming out today is the weekly jobless claims report, a survey that hasn’t been too reliable recently due to seasonal adjustment i...
Thu, Aug 6 2009, 5:11 PM
The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the five trading days between July 30 and ...
Thu, Aug 6 2009, 4:54 PM
Despite opening higher after a weekly labor report beat expectations, markets are in the red for a second consecutive day as retailers post lower resu...
Thu, Aug 6 2009, 1:53 PM
After two weeks of modest increases, mortgage rates drifted down during the week ended August 6 according to results of Freddie Mac's Primary Mortgage...
Thu, Aug 6 2009, 1:19 PM
James B. Lockhart, director of the Federal Housing Finance Agency announced on Thursday that he is leaving the agency. Mr. Lockhart has been director...
Wed, Aug 5 2009, 8:45 AM
News from the labor market dominates the data front for the next few days, beginning with the ADP private employment report early this morning.
Th...
Wed, Aug 5 2009, 8:20 AM
National mortgage rates moderated in the week ending July 31, spurring demand for new loans after a slump in the previous week, according to a weekly ...
Wed, Aug 5 2009, 1:47 PM
"TAYLOR, BEAN & WHITAKER MORTGAGE CORP. (“TBW”) RECEIVED NOTIFICATION ON AUGUST 4, 2009 FROM THE U.S DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, FR...
Wed, Aug 5 2009, 1:06 PM
Markets opened lower Wednesday after two labor reports before the bell were softer than expected, and when another report on the services sector faile...
Tue, Aug 4 2009, 11:05 AM
Pending Home Sales were expected to advance for the fifth straight month in June, but the gain was supposed to be meager. Instead, sales jumped 3.6% i...
Tue, Aug 4 2009, 8:25 AM
With the S&P 500 improving 1.5% yesterday, Sal Guatieri from BMO Capital Markets noted that the index has seen its best five-month performance since 1...
Tue, Aug 4 2009, 3:20 PM
Despite an uneven response across participating servicers, the Department of the Treasury is generally pleased with the progress achieved by the Makin...
Mon, Aug 3 2009, 12:04 PM
The S&P 500 began August by touching the 1,000 mark for the first time since early November. Led by an unexpected gain in construction spending and a ...
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...
