Mortgage News Daily:
 
Paulson Says GSEs Should Become Public Utility-Like Firms
1/7/2009 12:29 PM
The best option for Fannie Mae and Freddie Mac may be to convert them into public, utility-like organizations that would not hold any investment portfolio, U.S. Treasury Secretary Henry Paulson said on Wednesday. Speaking at the Economic Club of Washington...(read more...Read More
 
MBA Mortgage Applications Move Down in Week Ending January 2
1/7/2009 8:05 AM
Weekly mortgage applications in the United States fell in the week ending Jan. 2, according to data released from the Mortgage Bankers Association (MBA) on Wednesday, which reported an 8.2% week-over-week decrease in applications. In the previous week...(read more...Read More
 
Pending Home Sales Suggest No Quick Recovery for Housing Market
1/6/2009 12:27 PM
Markets were expecting the housing market to continue struggling in the fourth quarter, but the November's decline in pending home sales was much worse than anticipated. Pending home sales, which predict actual home sales in the upcoming month, fell...(read more...Read More
 
Decline in U.S. Pending Home Sales Picks Up in November
1/6/2009 10:49 AM
An index looking at pending home sales in the U.S. picked up its pace of decline in November, the National Association of Realtors reported on Tuesday. U.S. pending home sales fell more than expected with a 4.0% decline in November. The index now stands...(read more)...Read More
 
Ted Spread Narrows After Treasury Announces Regional Bank Bailout
1/6/2009 8:50 AM
U.S. interbank lending rates were once again relatively unchanged from Monday's levels, but the Ted Spread narrowed after the U.S. government announced plans to inject capital into the nation's larger regional banks on Monday. The Treasury said...(read more)...Read More
 
Preview: Pending Home Sales to Fall for Third Straight Month
1/5/2009 4:22 PM
The U.S. housing market continues to struggle as prices fall, demand weakens, and inventories build up. An industry index set for release on Tuesday is expected to show that contracts for homes on the market continued to fall in November, suggesting that...(read more...Read More
 
Office Vacancies Soaring, Rents Falling in Major Cities
1/5/2009 10:27 AM
Some months ago we speculated that the sector of the economy to fall out of the sky would be retail real estate as the proliferation of shopping malls and small strip centers ran headlong into what at that time appeared to be a looming wave of retail...(read more)...Read More
 
Construction Spending Continues its Decline in November
1/5/2009 9:23 AM
Construction spending in the United States continued to decline in November, falling by 0.6% month-over-month, according to the U.S. Department of Commerce. The consensus had forecast construction spending in November to decline by 1.4%. The total construction...(read mor...Read More
 
New York Fed Begins MBS Purchase Program
1/5/2009 9:06 AM
As promised, the New York Fed plans to begin buying U.S. mortgage and student debt effective immediately, in a move geared at thawing frozen credit markets in the country and restore confidence of the economy. "This program, first announced on November...(read more)...Read More
 
Treasury Announces Guidelines for Gov't Rescue of Financial Firms
1/2/2009 2:34 PM
The U.S. Treasury announced guidelines for dealing with financial institutions in need of rescue. The details are based on the Nov. 23 decision to loan $5 billion to Citigroup. The Treasury said eligibility for the program will be considered on a case...(read more)...Read More





 
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