Fannie Mae will buy 97% LTV mortgages

Fannie Mae will buy 97% LTV mortgages

Credit improvements lead to mortgage product

MBA leaders challenge federal regulators to take action

MBA: It's time for the penalty phase to end

5 things you absolutely need for the MBA convention in Las Vegas

Every one of these is totally necessary
W S

Items Tagged with 'Economy'

ARTICLES

Citigroup 3Q revenue jumps to $19.6B

Beats analyst expectations
Brena Swanson
Citigroup reported an increase in its third-quarter earnings, with its revenue beating analyst expectations and rising to $19.6 billion.
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Earnings preview: Wells Fargo, JPMorgan, Citi kick-start earnings Tuesday

So far, housing remains lukewarm in 3Q
Brena Swanson
Tuesday marks the next round of bank earnings, with Citigroup, Wells Fargo and JPMorgan Chase once again paving the way for the housing and financial markets. Here’s where the market is predicting earnings will go.
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Is real estate the key to wealth?

Exploring the inequality of benefitting from one form of capital
Brena Swanson
The inequality in the accumulation of wealth is due to a growth in the value of real estate, while other forms of capital could not record a similar growth. At least that is what Quartz’s Tim Fernholz argues.
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What happened to the “taper tantrum?”

Mortgage yields recover from first QE announcements
Brena Swanson
When the Federal Reserve first announced the start of quantitative easing, the stock markets furiously reacted, becoming what is now referred to as the "taper tantrum." Fast forward more than half a year and where can this be seen in the market now?
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Gallup: Payroll to population holds steady at 44.8%

Percentage working is highest for a September in four years
Trey Garrison
The U.S. Payroll to Population employment rate as measured by Gallup was 44.8% in September, similar to the 44.9% in August.
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Jobless claims down to 287,000 for week

Down 8,000 from previous week
Trey Garrison
Jobless claims for the week ending Sept. 27 printed at 287,000, a decrease of 8,000 from the previous week's revised level.
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Planned job cuts in September at lowest level since 2000

Entertainment, computer industry cuts weigh
Trey Garrison
Challenger, Gray and Christmas' count of layoff announcement totals 30,477 in September, which is the lowest since all the way back in June 2000.
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BEA final 2Q GDP estimate prints at unbelievable 4.6%

Third revision even higher than second
Trey Garrison
The second quarter gross domestic product grew at an annualized rate of 4.6%, according to the third and final estimate from the government Bureau of Economic Analysis.
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Durable goods orders plunge 18.2% in August

Volatile transportation segment is the primary drag
Trey Garrison
New factory orders for durables plummeted a record 18.2% in August, following a record spike of 22.5% in July.
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Initial jobless claims rise by 12K to 293K

Four-week rolling average stands at 298.5K
Trey Garrison
The advance figure for initial claims was 293,000 for the week ending Sept. 20, an increase of 12,000 from last week.
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