Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
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Items Tagged with 'BEA'

ARTICLES

BEA says GDP grew at 4.2% in second quarter

Revision upward comes from nonresidential fixed investment
Trey Garrison
Real gross domestic product – the output of goods and services produced by labor and property located in the United States – increased at an annual rate of 4.2% in the second quarter of 2014.
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Want a preview of where the 2Q GDP revision is heading?

The CBO has a clue for one and all
Trey Garrison
Well, today the Congressional Budget Office released its revised estimate of the total 2014 GDP. Take a good guess what it bodes for Thursday's Bureau of Economic Analysis GDP revision.
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Bad news: 4Q GDP tumbles 25% from initial estimate

Downward revision from 3.2% to 2.4% is worse than everyone thought
Trey Garrison
GDP growth in all of 2013 is now estimated as lower than 2012, and fourth quarter GDP growth has been revised downward 25%.
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Final GDP for 3Q Shows 4.1% growth

Troubling that almost 2 points is inventory expansion, not sales
Trey Garrison
The GDP — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 4.1% in the third quarter of 2013, according to the Bureau of Economic Analysis.
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