Are record-low interest rates masking high-cost mortgage lending?

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits
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Items Tagged with 'FOMC'

ARTICLES

QE3 ends, how long until interest rates rise?

Hensarling: "The end of QE is good news"
Brena Swanson
The market expected the announcement of the end of quantitative easing Wednesday, putting an end to a more than two-year-old asset purchase program. Now the market is left to adjust for where the next step could potentially be.
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FOMC: Tapering is officially over

Economy expands at moderate pace
Brena Swanson
It’s over. The Federal Open Market Committee officially decided to conclude its two-year-old asset purchase program this month due to the substantial improvement in the outlook for the labor market and strength in the broader economy. The Zero Interest Rate Policy, on the other hand, remains in full effect.
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Greenspan: End of tapering will cause market turmoil

Will the Fed end QE?
Brena Swanson
The Federal Open Market Committee meeting minutes are just minutes away from being revealed, potentially announcing the end to Quantitative Easing. Former Federal Reserve Chairman Alan Greenspan said he doesn’t think the Fed can unwind years of extraordinary stimulus without causing turmoil in financial markets.
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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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FOMC: Tapering quickly coming to a close

Tapers another $10 billion
Brena Swanson
Tapering is likely to end at the next Federal Open Market Committee meeting, according the latest September minutes. In the latest meeting, the committee decided to taper another $10 billion.
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Dick Bove: "Mortgage crisis by winter"

Who will fill in the financial vacuum?
Brena Swanson
The end of 2014 does not look good, according to banking analyst Dick Bove. "A toxic brew is bubbling in the housing market that will lead to a mortgage crisis by winter," Bove cautioned.
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Fed minutes: Tapering to end soon?

Cuts another $10 billion
Brena Swanson

"A range of labor market indicators suggests that there remains significant underutilization of labor resources. Household spending appears to be rising moderately and business fixed investment is advancing, while the recovery in the housing sector remains slow," the minutes continued.


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Plosser speaks on FOMC dissent vote

Only president to vote no
Brena Swanson
Due to the clear progress the economy has made toward its long-term goals, the Philadelphia Fed president no longer believes the forward guidance language in the Fed statement is appropriate or warranted.
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FOMC tapers another $10 billion

Bond purchases nearly over as October approaches
Brena Swanson
The Federal Reserve decides to taper another $10 million in bond purchases. However, the FOMC cautioned that there remains significant underutilization of labor resources, with the recovery in the housing sector moving at a slow pace.
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Here’s why the week ahead will make or break housing and the economy

FOMC, initial 2Q GDP and jobs report will put the stamp on 2014
Trey Garrison
The best directions in the world won't help you get somewhere if you don't know where you are standing. We could do without the media spin on the economy and housing.
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