Thu, May 8 2008, 7:00 AM
The Federal Reserve and Federal Trade Commission proposed new rules on
Thursday which would require lenders to inform consumers
of unfavourable de...
Thu, May 8 2008, 7:00 AM
The current pace of jobless claims is relatively low
compared to the previous recession, some economists say. However, others
note that the rise i...
Wed, May 7 2008, 7:00 AM
Weekly mortgage applications in the United States
rose in the week ending May 2 following two weeks of declines, according
to data from the Mortga...
Wed, May 7 2008, 7:00 AM
Economists say the March report for pending home
sales confirms what has been known for many months now: the U.S.
housing market is still several ...
Wed, May 7 2008, 7:00 AM
Fed Governor Randall Kroszner said rising mortgage
foreclosures are an " urgent problem " and called
on Congress to pass a Fannie Mae and Freddie ...
Wed, May 7 2008, 7:00 AM
Surprising to the upside, seasonally adjusted consumer
debt rose $15.3 billion in March, according to data released
Wednesday from the U.S. Federa...
Wed, May 7 2008, 7:00 AM
Kansas City Fed President Thomas Hoenig (non-voter) says that
inflation is becoming embedded in the economy and that
may compel a significant int...
Wed, May 7 2008, 7:00 AM
Continued tight credit and worries about inflation worked to keep
mortgage rates essentially locked into place during the
week ended May 1 accordi...
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...
