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...
Tue, Apr 15 2008, 7:00 AM
The United States will hold most of the economic spotlight on Tuesday
morning with the release of March's producer price index along with the
Empire...
Tue, Apr 15 2008, 7:00 AM
The U.S. Labor Department's headline measure of producer price
inflation grew at 1.1% in March, up from February's 0.3% gain
and higher than forec...
Tue, Apr 15 2008, 7:00 AM
A report from Wells Fargo and the National Association of Home
Builders suggests the housing market was little changed from
March to April, with t...
Mon, Apr 14 2008, 7:00 AM
Wachovia has joined the parade of commercial and
investment banks announcing first quarter losses and an intent to raise
capital to carry it throug...
Mon, Apr 14 2008, 7:00 AM
Monday's release of better-than-expected U.S. retail sales data for
March did little to sway economists' views of deteriorating
consumer spending ...
Fri, Apr 11 2008, 7:00 AM
This past week that saw three of the world's major central
banks release interest rate decisions, all of which were in line
with what markets had ...
Fri, Apr 11 2008, 7:00 AM
According to preliminary data from Reuters and the University of
Michigan, U.S. consumer sentiment fell sharply from
March's final 69.5 to a score...
Fri, Apr 11 2008, 7:00 AM
As reported by The New York Times earlier in the week, the FHA is
confronted with the possibility of the first deficit in its 74
year history prim...
Thu, Apr 10 2008, 7:00 AM
Fed Chairman Ben Bernanke said the Federal Reserve will examine
guidance on capital and liquidity and that new
regulations should insulate against...
Thu, Apr 10 2008, 7:00 AM
The U.S. economy "has turned down sharply" according to U.S. Treasury
Secretary Henry Paulson, speaking to the Council of Institutional
Investors ...
Thu, Apr 10 2008, 7:00 AM
First-time claims for jobless benefits in the United States declined
after hitting a two-and-a-half year high last week, the Department of
Labor rep...
Wed, Apr 9 2008, 7:00 AM
Weekly mortgage applications in the United States
rebounded Wednesday morning according to data from the Mortgage Bankers'
Association, which said...
Wed, Apr 9 2008, 7:00 AM
The International Monetary Fund said in a World Economic Outlook
report that more rate cuts could be necessary from the
U.S. Federal Reserve.
T...
Wed, Apr 9 2008, 7:00 AM
Dallas Fed President Richard Fisher said the rate
cuts delivered by the Federal Reserve have not been fully passed
on to borrowers during a speech...
Wed, Apr 9 2008, 7:00 AM
Testifying before the House Financial Services Panel on Wednesday, he
said Fannie Mae and Freddie Mac need to increase their
capital and that he s...
Wed, Apr 9 2008, 7:00 AM
Meanwhile, with the White House, the Federal Reserve, and Congress
including the Federal Housing Administration (FHA) as a lynchpin in their
various...
Tue, Apr 8 2008, 7:00 AM
According to a report released by the International Monetary Fund
(IMF) on Tuesday morning, total losses from the subprime
meltdown could reach up...
Tue, Apr 8 2008, 7:00 AM
Minutes from the Federal Open Market Committee's March 18 meeting
revealed several members saw a risk of a "prolonged and
severe" downturn and tha...
Tue, Apr 8 2008, 7:00 AM
On Monday it was rumored that a struggling Washington Mutual
(WaMu) would be getting a cash infusion of $5 billion from a
private equity firm to h...
Tue, Apr 8 2008, 7:00 AM
U.S. pending home sales surprised to the downside on
Tuesday morning, declining 1.9% month-over-month despite calls for a 1.0%
pullback in Februar...
Mon, Apr 7 2008, 7:00 AM
**BLANK**
Mon, Apr 7 2008, 7:00 AM
The Federal Reserve will hold its next $50 billion Term
Auction Facility auction of short-term liquidity Monday morning,
and announce the results ...
Mon, Apr 7 2008, 7:00 AM
The focus this week will be on Tuesday when minutes from the
March 18 FOMC meeting , when the Fed cut interest rates
by 75 bps, are released.
M...
Mon, Apr 7 2008, 7:00 AM
Former U.S. Federal Reserve Chairman Alan Greenspan
told Spain's El Pais newspaper on Sunday that chances of the U.S. economy
slipping into a rece...
Mon, Apr 7 2008, 7:00 AM
Speaking in an interview with Bloomberg, Boston Fed
President Eric Rosengren expressed surprise that the
U.S. housing market had not begun to sh...
Mon, Apr 7 2008, 7:00 AM
When released Tuesday, the minutes from the FOMC's March 18
meeting are likely to be scrutinized for indications of the
Fed's economic outlook at ...
Mon, Apr 7 2008, 7:00 AM
Despite an unchanged reading in U.S. pending home
sales in January, the consensus forecast is looking for a 1.0%
month-over-month decline in the N...
Mon, Apr 7 2008, 7:00 AM
Surprising to the downside, seasonally adjusted U.S. consumer
debt rose $5.2 billion in February, according to data released
Monday from the U.S. ...
Fri, Apr 4 2008, 7:00 AM
U.S. nonfarm payrolls fell for the third consecutive month, with the
U.S. Labor Department reporting that the U.S. lost 80k
jobs in March. The une...
Fri, Apr 4 2008, 7:00 AM
Under the Fed's new primary dealer credit facility, investment
banks borrowed $10.341 billion from the discount window for the
week ending April 2...
