Senate approves short sale tax break

Senate approves short sale tax break

Allows tax relief on 2014 short sales

Senate fails to pass Terrorism Risk Insurance Act

Housing groups "extremely disappointed" in "alarming failure"

Another regulator investigates Ocwen Financial

Ocwen’s terrible, horrible, no good, very bad year just got worse
W S

Items Tagged with 'Economy'

ARTICLES

CardHub: Credit card default at 29-year low

But there's also bad news
Trey Garrison
Credit card default rates are a good measure of economic strength and default rates are at a 29-year low. But there's bad news -- how much Americans added to their cards in 2014.
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From HW Magazine

Putting skin in the game

Can rising rates loosen lending standards? Well, first, rates have to rise...
According to Fannie Mae's National Housing Survey for August, lenders anticipate interest rates rising steadily in the coming months and expect an even bigger and concurrent reduction in mortgage loan demand. Will that reduced demand drive lenders to loosen credit standards?
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From HW Magazine

Crunch time

HousingWire's 2015 economic outlook
Jacob Gaffney and Trey Garrison
There is one distinct moment in recent memory when everything was going to be just fine. On an early morning, back in April 2013, the smallest of miracles happened on the economic front. This singular event would lead to calls that the developed world’s ability to do business, with all of its multitudinous complexities, was on the road to a recovery, maybe this time, finally, forever.
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Jobless claims jump 21K in one week

4-week rolling average also climbs
Trey Garrison
Right when you'd think holiday hiring would be picking up, jobless claims rise 21,000 in one week. This does not bode well.
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Initial jobless claims fall 2K to 291,000 for week

Four-week rolling average up 1.75K
Trey Garrison
The four-week moving average was 2,369,000, a decrease of 6,250 from the previous week's revised average. This is the lowest level for this average since Jan. 13, 2001 when it was 2,360,500. The previous week's average was revised up by 2,750 from 2,372,500 to 2,375,250.
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Here's why falling home prices is not good news

Signs point to a worse economy
Lynn Effinger
Many economists and housing analysts agree that a rise in interest rates will negatively impact the economy, particularly with respect to the housing sector. This will hardly be good for homebuyers.
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Jobless claims tick up by 3,000 filings

Still remains at historic lows
Brena Swanson
Although initial jobless claims ticked up by 3,000 filings to 287,000 for the week ended Oct. 25, levels still remain at historic lows.
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Freddie Mac: Here are the top 5 improving metro housing markets

Not just L.A. and NYC
Brena Swanson
"The good news from MiMi this month is the improvement across more markets and not just the large markets like Los Angeles and New York which receive so much of the attention,” said Freddie Mac Deputy Chief Economist Len Kiefer.
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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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