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....
Tue, Mar 25 2008, 7:00 AM
The Standard & Poor's S&P/ Case-Shiller Home Price
Indices (HPI) for January which were released on Tuesday are
reporting further bad news on the h...
Mon, Mar 24 2008, 7:00 AM
Those investors who insisted on buying or holding on to their Bear
Stearns stock, keeping prices at near three times the $2 per share being
offered ...
Mon, Mar 24 2008, 7:00 AM
In what may be the first fluttering of a recovery in the housing
market, sales of existing homes last month actually
increased from January levels...
Fri, Mar 21 2008, 7:00 AM
If you have checked the trading price of Bear Stearns
Company (BSC) stock in the four days since the company was sold to J.P.
Morgan Chase for $2 ...
Wed, Mar 19 2008, 7:00 AM
"Average mortgage rates were up for all loan products reported," said
Frank Nothaft , Freddie Mac vice president and chief
economist. "However, for...
Wed, Mar 19 2008, 7:00 AM
Thornburg Mortgage said that five lenders have agreed
to a deal where no further margin calls will be made in return for its
compliance with a laun...
Wed, Mar 19 2008, 7:00 AM
OFHEO announced a major initiative in cooperation with the two
government sponsored enterprises (GSEs) to increase, by perhaps as much
as $200 billi...
Tue, Mar 18 2008, 7:00 AM
Due to some feedback from our article on the
new GFE
and YSP , we wanted to try...
Tue, Mar 18 2008, 7:00 AM
Housing starts and the pulling of construction
permits continued to decline in February according to a
monthly report issued by the U.S. Census B...
Mon, Mar 17 2008, 7:00 AM
PMI Group reported a record loss of $1.01 billion or
$12.51 a share for the fourth quarter of 2007.
The losses were tied both to the growing rate...
Mon, Mar 17 2008, 7:00 AM
The news wasn't surprising but the price tag was a real
stunner .
On Sunday J.P. Morgan chase agreed to pay $2 per
share to acquire failing Wa...
Mon, Mar 17 2008, 7:00 AM
The Federal Reserve had a busy weekend.
The Fed announced a new lending program aimed at the
20 large investment banks that serve as "primary ...
Fri, Mar 14 2008, 7:00 AM
On Friday HUD released a proposed mortgage reform
package designed to help consumers better understand the terms
of the loans they are considering...
Thu, Mar 13 2008, 7:00 AM
Life for Carlyle Capital has gotten even worse than
we reported last week and by Thursday morning it appeared that the hedge
fund would not surviv...
Thu, Mar 13 2008, 7:00 AM
Treasury Secretary Henry M. Paulson, Jr. Thursday released
recommendations from the President�s Working Group on Financial Markets
(PWG.)
To add...
Wed, Mar 12 2008, 7:00 AM
Mortgage interest rates made substantial moves during
the week ended March 6 and 7, but according to surveys conducted by
Freddie Mac and by the Mo...
Tue, Mar 11 2008, 7:00 AM
The statistics are all over the place, but it is clear that not only
are mortgage delinquencies and foreclosures skyrocketing, but millions of
homeo...
Mon, Mar 10 2008, 7:00 AM
First, The Wall Street Journal reported that
Countrywide Mortgage and Wells Fargo
and Company were under investigation by the Attorney General o...
Mon, Mar 10 2008, 7:00 AM
Three executives from major mortgage industry companies were on the
hot seat Friday. The committee, headed by Rep. Henry Waxman, questioned
Angelo ...
Fri, Mar 7 2008, 8:00 AM
Yet another program to help homeowners who are delinquent on their
mortgages was announced last week by Fannie Mae .
HomeSaver provides funds ...
