Wed, Jun 4 2008, 7:00 AM
Long term mortgage interest rates took a slight bump
upward during the week ended May 29 while the rates for the two short-
term products were virt...
Wed, Jun 4 2008, 7:00 AM
Weekly mortgage applications in the United States
fell further in the week ending May 30, according to data from the
Mortgage Bankers' Association...
Wed, Jun 4 2008, 7:00 AM
The ADP employment report and ISM's non-manufacturing index for the
U.S. will highlight the day's economic data while markets will pay close
attenti...
Wed, Jun 4 2008, 7:00 AM
According to The New York Times, three of the nation's largest
credit rating firms are close to an agreement with the
New York attorney general to...
Wed, Jun 4 2008, 7:00 AM
Speaking at a Harvard commencement address, Bernanke
said overall inflation is significantly higher than he would like, but
less than the 1970s-s...
Wed, Jun 4 2008, 7:00 AM
U.S. bond insurers may lose their top credit ratings
because of diminishing new business and financial inflexibility, Moody's
said on Wednesday.
...
Tue, Jun 3 2008, 7:00 AM
Comments from Fed Chairman Ben Bernanke , European
Central Bank President Jean-Claude Trichet and Bank of Japan Governor
Masaaki Shirakawa will hig...
Tue, Jun 3 2008, 7:00 AM
Speaking at a conference organized by the International Monetary
Committee on Tuesday, Fed Chairman Ben Bernanke, European Central Bank
President Je...
Tue, Jun 3 2008, 7:00 AM
Fed Chairman Ben Bernanke said the Federal Reserve bank is "attentive"
to the slide in value of the U.S. dollar and that it has
caused an "unwelco...
Tue, Jun 3 2008, 7:00 AM
Tighter credit and defaults are
expected to have a greater effect in 2008 than they did last year, a
survey of businesses in 14 countries affecte...
Tue, Jun 3 2008, 7:00 AM
There have been two shifts in the leadership of major banks marking
further casualties in the on-going housing - mortgage - credit -
foreclosure cr...
Tue, Jun 3 2008, 7:00 AM
The U.S. Census Bureau factory orders report
surprised to the upside on Tuesday, increasing by 1.1% in April to
contribute to an annual gain of 3....
Mon, Jun 2 2008, 7:00 AM
It will be a busy week for central bank rate
decisions next week, with announcements coming from the Reserve
Bank of Australia, Bank of England an...
Mon, Jun 2 2008, 7:00 AM
The cost of a foreclosure , it turns out, is pretty
staggering and we wonder why lenders and the investors they represent
aren't jumping at a sol...
Mon, Jun 2 2008, 7:00 AM
According to a report from the U.S. Department of Commerce,
construction spending in the United States declined 0.4%
month-over-month in April.
...
Mon, Jun 2 2008, 7:00 AM
Atlanta Fed President Dennis Lockhart (non-voter) said the U.S.
economy continues to face significant uncertainty and
risks, but that he expects a...
Mon, Jun 2 2008, 7:00 AM
President George W. Bush said government tax revenues will increase by
$280 billion if Congress does not make permanent the tax
cuts introduced ea...
Mon, Jun 2 2008, 7:00 AM
The ISM's manufacturing index for the United States
will highlight a relatively light day of economic news and events. In
Europe, markets will be ...
Mon, Jun 2 2008, 7:00 AM
A three-year high in exports contributed to a rebound in production
and an improvement in new orders in the U.S. ISM manufacturing index for
May, ye...
Fri, May 30 2008, 7:00 AM
Canadian Q1 and March GDP and core PCE in the U.S. will dominate the
economic news of the day as markets prepare for the final trading day of
May. I...
Fri, May 30 2008, 7:00 AM
The sharpest drop in housing prices in 50 years
poses a "significant" risk to the U.S. economy, but the Fed's rate cuts
should be felt in the seco...
Fri, May 30 2008, 7:00 AM
Inflation remains contained and personal spending
continued improving according to the latest report from the U.S. Commerce
Department on Friday. ...
Fri, May 30 2008, 7:00 AM
Speaking on 'Money Markets and Financial Stability' at the New York
Fed's conference on money markets on Thursday night, Fed Vice-Chairman
Donald K...
Thu, May 29 2008, 7:00 AM
Speaking in San Francisco on Thursday, Dallas Fed President Richard
Fisher said he expects " a change of course in monetary
policy to occur sooner ...
Thu, May 29 2008, 7:00 AM
On Thursday morning, the Federal Reserve Bank of New York announced
its intentions to conclude arrangements for the financing of
JPMorgan's acquisi...
Thu, May 29 2008, 7:00 AM
Preliminary U.S. GDP, jobless claims and comments from the Fed's Ben
Bernanke, Donald Kohn and Timothy Geithner will highlight the North
American ec...
Wed, May 28 2008, 7:00 AM
The Wall Street Journal is reporting that mortgage
lenders are facing an assault on yet another front as the
mortgage debacle rolls on.
Investo...
Wed, May 28 2008, 7:00 AM
Some weekly U.S. retail and mortgage data kicks off the day followed
by the release of durable goods orders and some Fed speakers. The
Canadian econ...
Wed, May 28 2008, 7:00 AM
The surprising 2.5% increase in April durable goods
excluding transport as well as the 4.2% advance in core capital goods
makes for a strong repor...
Wed, May 28 2008, 7:00 AM
The U.S. Department of Justice (DOJ) announced on Tuesday that it had
reached a proposed settlement with the National Association of Realtors
(NAR) ...
Wed, May 28 2008, 7:00 AM
Weekly mortgage applications in the United States
fell in the week ending May 23, according to data from the Mortgage
Bankers' Association (MBA) o...
Wed, May 28 2008, 7:00 AM
Increased financial literacy from consumers would
have helped dampen some of the effects of the subprime housing
crisis , according to Robert K. ...
Wed, May 28 2008, 7:00 AM
Minneapolis Fed President Gary Stern said on Wednesday that
inflation expectations will be determined by how the
Federal Reserve raises rates.
...
Wed, May 28 2008, 7:00 AM
Federal Governor Frederic S. Mishkin submitted his
resignation today to President George W. Bush. Mishkin will be
leaving his post on Aug. 31, 200...
Wed, May 28 2008, 7:00 AM
Tue, May 27 2008, 7:00 AM
Some Fed speakers, the U.S. S&P Case-Shiller house price index, new
home sales and consumer confidence will complement the release of
Canadian emplo...
Tue, May 27 2008, 7:00 AM
The S&P Case-Shiller home price index for Q1
continued to deteriorate with the 20-city composite index posting a
record annual decline of 14.1%. I...
Tue, May 27 2008, 7:00 AM
New home sales in April rose for the first time in
five months, increasing 3.3% to 526k following a downward revision of the
March reading to 509k....
Tue, May 27 2008, 7:00 AM
The Conference Board's consumer confidence index for
May fell more than expected to 57.2 in Tuesday's report, led by a 5.5-
point decline in the pr...
Tue, May 27 2008, 7:00 AM
The release of the Federal Open Market Committee's (FOMC) March 31-
April 30 minutes show seven district banks had voted for no change in the
discou...
Tue, May 27 2008, 7:00 AM
Mortgage News Daily received an email this week from a reader with an
intriguing idea for, if not solving, at least lessening the foreclosure
crisis...
Tue, May 27 2008, 7:00 AM
Speaking in an interview with the Financial Times on Monday, former
Fed Chairman Alan Greenspan said the chance of a
recession in the United State...
Tue, May 27 2008, 7:00 AM
San Francisco Fed President Janet Yellen (non-voter) said rates
are "appropriate" for encouraging growth and that the real Fed funds rate
is near ze...
Fri, May 23 2008, 7:00 AM
U.S. existing home sales, comments from Canadian Finance Minister Jim
Flaherty, and the release of the National Bank of Belgium's business
confidenc...
Fri, May 23 2008, 7:00 AM
CEP News) - U.S. existing home sales decreased to
4.89 million units in April following March's revised sales figure of
4.94 million. This is the ...
Thu, May 22 2008, 7:00 AM
At 8:30 a.m. EDT, the U.S. Labor Department will release initial and
continuing jobless claims for the weeks ending May 17 and 10
respectively. Econ...
Thu, May 22 2008, 7:00 AM
House prices fell 0.4% month-over-month in March
following February's revised 0.4% gain, and declined 1.7% quarter-over-
quarter in Q1 compared to a...
Thu, May 22 2008, 7:00 AM
Fed Governor Randall Kroszner (voter), speaking at a conference of
state bank supervisors, said that mortgage markets will
recover slowly and that...
Thu, May 22 2008, 7:00 AM
In an interview with CNBC, Treasury Secretary Henry
Paulson said that the U.S. has been in a rough patch but is
coming closer to the end of the cu...
Thu, May 22 2008, 7:00 AM
Existing home sales for April , which will be released
Friday by the National Association of Realtors (NAR), are expected to
decline further to a pa...
