Tue, May 6 2008, 7:00 AM
With Washington increasingly relying on Fannie and
Freddie to pick up the slack in buying mortgages and mortgage-
backed securities - the two betw...
Tue, May 6 2008, 7:00 AM
Deteriorating conditions in the U.S. housing market contributed to a
larger-than-expected first quarterly loss from U.S. mortgage giant FNMA
( Fanni...
Tue, May 6 2008, 7:00 AM
Lending standards at U.S. banks are increasingly
stringent, according to the Federal Reserve's April 2008 Senior Loan
Officer Opinion Survey on Ba...
Tue, May 6 2008, 7:00 AM
Fed Chairman Ben Bernanke said accelerating rates of
foreclosures and delinquencies can have a significant impact on
the economy and called for mo...
Mon, May 5 2008, 7:00 AM
Investigations into events surrounding the
virtual collapse of the mortgage lending industry are
expanding on a number of levels.
In addition ...
Mon, May 5 2008, 7:00 AM
Speaking in an interview with Diane Rehm on WAMU radio, Assistant
Secretary for Economic Policy at the U.S. Department of
Treasury Philip Swagel s...
Fri, May 2 2008, 7:00 AM
A key committee in the House of Representatives late Thursday passed
legislation that would make up to $300 billion in federally
insured mortgages ...
Thu, May 1 2008, 7:00 AM
Speaking to the Securities Industry and Financial Markets Association
in Chicago on Thursday, U.S. Assistant Secretary for Financial Markets
Anthony...
Thu, May 1 2008, 7:00 AM
In a letter to U.S. Senator Chris Dodd, Fed Chairman Ben
Bernanke said it is impossible to tell when markets will
normalize and that the Fed is co...
Thu, May 1 2008, 7:00 AM
According to a report from the U.S. Commerce Department,
construction spending in the United Sates declined 1.1%
month-over-month in March.
Nev...
Thu, May 1 2008, 7:00 AM
With the House and Senate working to hammer out differences in their
respective approaches to solving the housing/credit crisis, problems are
alread...
Wed, Apr 30 2008, 7:00 AM
Zillow has just inaugurated another aspect to its
real estate services portfolio.
Now Zillow has turned the lead generation industry on its
hea...
Wed, Apr 30 2008, 7:00 AM
The Federal Reserve announced Wednesday that it cut
the Fed funds target rate by 25 basis points to bring
the key interest rate to 2.00%. The di...
Wed, Apr 30 2008, 7:00 AM
Fears of inflation pushed mortgage rates higher
according to the results of Freddie Mac's Primary Mortgage Market Survey
for the week ended April ...
Tue, Apr 29 2008, 7:00 AM
Speaking in an interview with Fox Business news on Monday evening,
U.S. Treasury Secretary Henry Paulson said he did not
believe that a second fi...
Tue, Apr 29 2008, 7:00 AM
The S&P Case-Shiller home price index continued its
sharp decline in February as both the 10-city and 20-city composite
indexes posted record annu...
Tue, Apr 29 2008, 7:00 AM
Housing price declines remain the greatest challenge to financial
markets and could prompt a deep recession , according to
Pimco's Bill Gross .
...
Tue, Apr 29 2008, 7:00 AM
Countrywide Financial Corporation logged in on
Tuesday with its third consecutive quarterly loss due to a sharp increase
it its provision for loan ...
Tue, Apr 29 2008, 7:00 AM
The Conference Board's consumer confidence index fell
to 62.3 in April's report on Tuesday, confirming declines seen earlier in
the month from oth...
Mon, Apr 28 2008, 7:00 AM
Progress on the U.S. economic slowdown and housing
sector have been encouraging, according to U.S. Treasury
Undersecretary Robert Steel, speaking ...
Mon, Apr 28 2008, 7:00 AM
Wachovia Corporation , the rising Charlotte North
Carolina banking star is having a very bad April.
On April 14 the bank announced it had lost $3...
Mon, Apr 28 2008, 7:00 AM
National vacancy rates in the first quarter of 2008
were 10.1% for rental housing, up from 9.6% in the fourth quarter of
2007, and 2.9% for homeow...
Fri, Apr 25 2008, 7:00 AM
M1 Money Supply fell $2.4 billion in the week ending
April 14, while M2 fell $15 billion, according to
figures released from the Federal Reserve ...
Thu, Apr 24 2008, 7:00 AM
New home sales in the U.S. were down for the fifth
consecutive month in March, falling by 8.5% to 526k, much lower than the
580k level expected by ...
Thu, Apr 24 2008, 7:00 AM
Expectations for a pause in U.S. monetary policy were bolstered by an
article in Thursday�s Wall Street Journal, where noted Fed watcher Greg
Ip sai...
Wed, Apr 23 2008, 7:00 AM
As the overhang of new homes sits at a 27-year high of 9.8 months,
new home sales are expected to fall for a fifth
consecutive month in the March ...
Wed, Apr 23 2008, 7:00 AM
Long term mortgage interest rates as reported by
Freddie Mac in its Primary Mortgage Market Survey were virtually
unchanged during the week which ...
Tue, Apr 22 2008, 7:00 AM
The new monthly OFHEO purchase-only home price index
is expected to fall 1.5% in February, following a 1.1% decline in the
January report.
The ...
Tue, Apr 22 2008, 7:00 AM
U.S. house prices rose 0.6% in February following
January's 1.1% decline, the Office of Federal Housing Enterprise
Oversight (OFHEO) reported Tues...
Tue, Apr 22 2008, 7:00 AM
Existing home sales fell more than expected in March,
falling 2.0% to a seasonally adjusted annual pace of 4.93 million units,
largely retracing th...
Mon, Apr 21 2008, 7:00 AM
Economists will be paying attention to this month's U.S.
housing data in hopes of finding a bottom in the market.
Before that, however, the focus ...
Mon, Apr 21 2008, 7:00 AM
The Office of Federal Housing Enterprise Oversight has reached a
notable settlement with three of Fannie Mae's former
executives.
The settlemen...
Mon, Apr 21 2008, 7:00 AM
The existing home sales index for March is expected
to fall 1.6% to a pace of 4.93 million units, following a surprising 2.9%
gain to a pace of 5....
Fri, Apr 18 2008, 7:00 AM
Speaking at a credit conference in Charlotte, North Carolina on
Friday, Boston Fed President Eric Rosengren addressed the current housing
price slum...
Fri, Apr 18 2008, 7:00 AM
In the strange thinking that passes for logic on Wall Street, shares
of Citigroup stock were expected to surge today after
the company announced y...
Thu, Apr 17 2008, 7:00 AM
Home builders, who have been feeling the squeeze on the selling side
of their business for months, are now reporting that they are caught in a
crunc...
Thu, Apr 17 2008, 7:00 AM
Speaking Thursday before the House Subcommittee on Financial
Institutions and Consumer Credit, Federal Reserve Division of Consumer
and Community Af...
Thu, Apr 17 2008, 7:00 AM
Dallas Fed President Richard Fisher, one of two Fed dissenters in the
last FOMC rate cut decision, said he has a "strong reluctance"
about further ...
Thu, Apr 17 2008, 7:00 AM
U.S. initial jobless claims came in lower than expected in the week
ending April 12 with a total of 372K seasonally adjusted claims filed,
represe...
Thu, Apr 17 2008, 7:00 AM
Hundreds of thousands of American homeowners may be in desperate
straits, facing crippling rate resets or worse, foreclosure, but others
continued t...
Thu, Apr 17 2008, 7:00 AM
If the several million people facing foreclosure over the next
few years actually lose their homes, where are they going to go?
The conventional...
Thu, Apr 17 2008, 7:00 AM
Merrill Lynch & Company will eliminate 2,900 jobs as
it struggles to recover from its third consecutive quarterly loss which
it announced on Thurs...
Thu, Apr 17 2008, 7:00 AM
Inflation worries sparked a front-end led selloff in Treasuries on
Thursday as market participants increasingly believe the Federal Reserve
will onl...
Wed, Apr 16 2008, 7:00 AM
Economic conditions across the United States have slowed since
February, the Federal Reserve's Beige Book noted, as
nine of the 12 districts repor...
Wed, Apr 16 2008, 7:00 AM
Housing starts and the issuing of
construction permits continued to fall in March. Permits
for building privately-owned housing units were issued...
Wed, Apr 16 2008, 7:00 AM
Mortgages rates , which were drifting during the week
ended April 3 were virtually frozen during the week ending April 10
according to Freddie Mac's...
Tue, Apr 15 2008, 7:00 AM
Fannie Mae and Freddie Mac have made considerable progress towards
achieving financial stability , but more progress needs
to be made, according to...
Tue, Apr 15 2008, 7:00 AM
Federal Reserve Governor Kevin Warsh (voter) said
rate cuts and liquidity injections are working to partially offset the
impact of the current mar...
Tue, Apr 15 2008, 7:00 AM
In spite of it all, the "it" being the stunning speed with which
Bear Stearns hit rock bottom last month and the midnight
ride rescue of the inves...
Tue, Apr 15 2008, 7:00 AM
The Federal Reserve offered no explanation for the quarter-point cut
in the discount rate on the day of the near-collapse of Bear Stearns in
minut...
