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...
Fri, Apr 4 2008, 7:00 AM
The third candidate to outline his plans for ending the housing market
meltdown was Senator Barack Obama . Speaking at
Cooper Union in New York r...
Fri, Apr 4 2008, 7:00 AM
U.S. economic growth is likely to be sluggish in 2008, dragged down by
an ailing housing sector that is not likely to recover
in the near future, ...
Thu, Apr 3 2008, 7:00 AM
Mortgage rates were largely unchanged during the week
ended March 27 according to the Primary Mortgage Market Survey conducted
by Freddie Mac.
...
Thu, Apr 3 2008, 7:00 AM
With what surely passes as warp-speed on Capitol Hill, the Senate on
Wednesday afternoon reached tentative bi-partisan accord on a wide-
ranging ...
Thu, Apr 3 2008, 7:00 AM
"As Fannie Mae has expanded its mortgage guaranty business to serve
the market's urgent need for stability, liquidity and affordability, the
company...
Thu, Apr 3 2008, 7:00 AM
Federal Reserve Chairman Ben Bernanke defended the U.S. central
bank's action to provide funding to Bear Stearns , saying Bear's
failure would ha...
Thu, Apr 3 2008, 7:00 AM
Fears that the bankruptcy of Bear Stearns would cause widespread
uncertainty about the financial conditions of other global investment
banks and fur...
Thu, Apr 3 2008, 7:00 AM
The Federal Reserve conducted a second auction under its Term
Security Lending Facility (TSLF) Thursday, auctioning $25
billion in short-term secu...
Wed, Apr 2 2008, 7:00 AM
According to a story written by Lynnley Browning in Wednesday�s New
York Times, Hope Now , the White House's initial answer
to the country's mounti...
Wed, Apr 2 2008, 7:00 AM
The main highlights of the week so far in central bank-related news
included Fed Chairman Ben Bernanke�s testimony on the U.S. economy and
financial...
Wed, Apr 2 2008, 7:00 AM
Losses from the U.S. subprime mortgage meltdown could
top $300 billion, an economist from one of Canada's major banks told a
Toronto real estate c...
Wed, Apr 2 2008, 7:00 AM
Mortgage applications in the U.S. fell 28.7% in the
week ending March 28, with the market composite index decreasing to 688.3
from 959.9 a year ago...
Wed, Apr 2 2008, 7:00 AM
Federal Reserve Chairman Ben Bernanke Wednesday
touched on a variety of factors contributing to the current weak state of
the U.S. economy, but al...
Tue, Apr 1 2008, 7:00 AM
Lehman Brothers fought off persistent rumors that it
might be headed to a Bear Stearns-like collapse by raising $4 billion in
capital on Tuesday.
...
Tue, Apr 1 2008, 7:00 AM
Total construction spending in January fell 1.7%.
Total residential construction spending fell 0.9% in February to an
annual rate of $463.761 b...
Tue, Apr 1 2008, 7:00 AM
(CEP News) - On Wednesday, U.S. Federal Reserve Chairman Ben
Bernanke takes centre stage when he testifies before the Joint
Economic Committee. ...
Tue, Apr 1 2008, 7:00 AM
(CEP News) Washington - Treasury undersecretary for terrorism
and financial intelligence Stuart Levey told the Senate Finance
Committee Tuesday th...
Tue, Apr 1 2008, 7:00 AM
Each of the three possible candidates for nomination as their party's
presidential nominee has made major speeches recently spotlighting their
solu...
Tue, Apr 1 2008, 7:00 AM
The Federal Reserve announced Tuesday that it will provide a
set of maps and data illustrating subprime and
alt-A mortgage loan conditions acros...
Mon, Mar 31 2008, 7:00 AM
Reuters is reporting that the Secretary of Housing and Urban
Development will announce his resignation Monday morning. Secretary
Alphonso Jackson is...
Mon, Mar 31 2008, 7:00 AM
Treasury Secretary Henry Paulson will confirm on
Monday widely circulating weekend rumors that the Bush Administration is
seeking a sweeping overh...
Mon, Mar 31 2008, 7:00 AM
In the wake of mixed regional data, the U.S. ISM
report to be released Tuesday, will highlight the state of the
U.S. national manufacturing sector...
Fri, Mar 28 2008, 7:00 AM
Senator John McCain was the second candidate to
outline his solutions to the housing and credit
situation . He restated the history leading up to...
Wed, Mar 26 2008, 7:00 AM
Long term mortgage rates fell dramatically during the
week ended March 20 according to the Primary Mortgage Market Survey
released by Freddie Mac....
