More troubling signs point to potential increase in defaults

More troubling signs point to potential increase in defaults

And yet we introduce a 100% LTV mortgage

Calgary housing market a canary in the shale mine?

Home prices, sales plummet alongside price of crude oil

Here's why the loanDepot CEO loves the CFPB

Regulatory environment huge barrier to entry
W S

Items Tagged with 'Economy'

ARTICLES

Pending home sales surge to highest level in 18 months

Buyer demand boosts sales
Brena Swanson
Pending home sales recovered after last month's unexpected steep decline. In January, pending home sales surged to the highest level since August 2013, thanks to improved buyer demand at the beginning of 2015.
Read More

Jobless claims rise above 300K on energy layoffs

Initial claims trending higher
Trey Garrison
Energy price cuts are leading to more layoffs in shale heavy states like Texas and Pennsylvania, pushing initial jobless claims back above the psychological watermark of 300,000 to 304,000, missing expectations by the most in a month.
Read More

This housing market will never be saved

Six years later, still struggling
Brena Swanson
According to one bold housing columnist, housing will never spring back to its pre-recession levels. Despite all the government’s best attempts to spur activity again, these headwinds will remain.
Read More

Initial jobless claims above 300K for third week

January employment looking grim
Trey Garrison
Initial jobless claims missed expectations yet again, staying well above the 300,000 mark for the third week running. This could bode ill for the rest of the year. Here’s the story.
Read More

Fannie Mae: Economy pulls housing out of doldrums

Improving fundamentals support gradual housing momentum
Trey Garrison
Economic growth is expected to accelerate modestly this year and drag last year’s unspectacular housing activity upward, according to Fannie Mae. Here's why.
Read More

Citigroup 4Q net income tumbles to $350M

Income dented by legal fees
Brena Swanson
Citigroup's fourth-quarter earnings were significantly impacted by higher operating expenses. But despite the tough year, Michael Corbat, CEO of Citigroup, said the difficult year helped to pave the way for a strong 2015.
Read More

Employers added 252K jobs in December, beating expectations

Wage decline biggest in 8 years; workforce participation at Dec. 1977 level
Trey Garrison
The economy added 252,000 jobs in December, but wages nose-dived the most since 2006, meaning the job recovery is focused in the low-paying service industry. Here’s how it breaks down.
Read More

Monday Morning Cup of Coffee: Homeowners and economy well positioned for 2015

New year's resolution to buy a home? Get tips here
Brena Swanson

The U.S. economy is well positioned as we head into the new year, and the benefits of the economic recovery are finally spreading to ordinary Americans.


Read More

Construction spending reverses course in November, falls slightly

Still beats last November's spending
Brena Swanson
Construction spending fell after last month’s uptick. However, its slight fall didn't completely erase all of October's gains.
Read More

The truth about a housing "recovery" in 2015

Lynn Effinger looks into his crystal ball
Lynn Effinger
With a virtual plethora of articles appearing in 2014 throughout the “regular” media, the blogosphere, and various other venues regarding the strength or weakness in our economy, one could surmise that there is a clear trend. One expert says that, yes, there is a trend, but it is not a positive one.
Read More