News

Articles in "The Economy"

May 24, 2013 09:26 AM
TARP transactions cost the federal government less than expected

The Troubled Asset Relief Program, which launched more than four years ago to stabilize both banks and the mortgage finance market, is costing the federal government less than initially expected.

The Congressional Budget Office says TARP’s subsidy cost to the government...

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May 22, 2013 01:39 PM
FOMC shows willingness to taper asset purchases

The most recent Federal Open Market Committee minutes from the Federal Reserve shows a number of participants expressed a willingness to begin reducing quantitative easing by June as long as the underlying economic data supports such a decision.

...

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May 3, 2013 08:45 AM
April job gains dampened by weaker outlook for young Americans

Despite overall growth in the employment situation in the month of April, employment for 18- to 34-year olds slipped to 75.2% from 75.6% in December, creating the potential for drag on the housing market.

"Employment in this age group is now only slightly higher than a year ago (75.1% in...

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April 10, 2013 09:06 AM
FOMC meeting minutes show Fed still debating MBS curtailment

The most recent Federal Open Market Meeting minutes from the Federal Reserve show some members still supportive of mortgage-backed securities purchases, although a general sense of caution emerged in the room.  

Despite some skepticism, participants remained gung-ho...

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March 8, 2013 09:30 AM
QE’s fate questioned as jobs situation improves

The U.S. unemployment rate edged down to a four-year low of 7.7% on Friday, creating buzz about an improving economy and discussions about whether the Fed could soon put the breaks on quantitative easing.

Fed Chairman Ben Bernanke...

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February 28, 2013 11:22 AM
US economy shows modest growth in uphill climb

Time and time again, the housing recovery has been deemed a reflector of overall U.S. economic health. And right now, both seem to be showing fairly modest growth.

In the week ending Feb. 23, seasonally adjusted initial jobless claims dropped to 344,000....

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February 28, 2013 10:49 AM
US economy shows modest growth in uphill climb

Time and time again, the housing recovery has been deemed a reflector of overall U.S. economic health. And right now, both seem to be showing fairly modest growth.

In the week ending Feb. 23, seasonally adjusted initial jobless claims dropped to 344,000....

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December 31, 2012 06:00 AM
Monday Morning Cup of Coffee: Final robosigning settlement reportedly coming

HousingWire's Monday Morning Cup of Coffee take a look at news from the weekend, with more coverage on bigger issues.

The New York Times is reporting a final, federal homeowner settlement is...

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December 30, 2012 05:28 PM
Monday Morning Cup of Coffee: Final robosigning settlement reportedly coming

HousingWire's Monday Morning Cup of Coffee take a look at news from the weekend, with more coverage on bigger issues.

The New York Times is reporting a final, federal homeowner settlement is...

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November 9, 2012 02:29 PM
Bank regulators delay Basel III capital requirements

The Federal Reserve, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency issued notices Friday to postpone current regulatory capital rules for the Basel Committee on Banking Supervision until an...

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November 8, 2012 08:55 AM
Jobless claims fall again, but labor market still lags

The number of claims for unemployment insurance edged down again last week, but the overall labor market remained weak, according to economic research firm Econoday.

Initial jobless claims fell by 8,000 filings from the previous week to 355,000 filings for the week ending...

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October 30, 2012 11:18 AM
Hurricane Sandy financial impact could reach $20 billion

Hurricane Sandy swept through 12 U.S. states, causing floods and fires, and an estimated $10 billion to $20 billion in potential losses, research firm Capital Economics estimated Tuesday. 

Mortgage Bankers Association CEO David Stevens said the trade...

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October 30, 2012 10:07 AM
Hurricane Sandy financial impact could reach $20 billion

Hurricane Sandy swept through 12 U.S. states, causing floods and fires, and an estimated $10 billion to $20 billion in potential losses, research firm Capital Economics estimated Tuesday. 

Mortgage Bankers Association CEO David Stevens said the trade...

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October 18, 2012 07:39 AM
Jobless claims shoot back up to 388,000 filings

After a week of positive employment data, jobless claims shot back up for the week ending Oct. 13, derailing confidence in the economic recovery.

The Labor Department reported 388,000 jobless claims for the week, an increase of 46,000 filings from the prior week's...

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October 16, 2012 10:06 AM
Housing misery highest in swing states Florida and Nevada

Online real estate marketplace Trulia just posted the final 2012 election edition of the Housing Misery index, combining price declines, delinquency, and...

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