Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things

Trending Thursday: CFPB data collection worse than the NSA?

Slowly but surely GSE shareholders cutting into Treasury, FHFA secrecy
W S

Items Tagged with 'Federal Reserve'

ARTICLES

Monday Morning Cup of Coffee: CFPB under the gun again

Plus disparate impact, what the Fed is doing, #FannieGate and more
Trey Garrison
Today could be a big legal day for housing, as the Supreme Court will determine whether housing policy is subject to the onerous burdens of “disparate impact.” Plus, housing metrics for the week, the mixed outlook on what the Fed will do with rates, more investigations of the CFPB and a whole lot more you won’t want to miss.
Read More

Yellen: A rate increase in 2015 is possible

And most of the committee agrees
Brena Swanson
A federal funds rate increase this year is possible given current economic data, Fed Chair Janet Yellen said in a press conference on Wednesday after the Federal Open Market Committee June meeting announcement. And what's more, most participants agree with her.
Read More

More homeowners are paying their mortgages on time

S&P/Experian: First mortgage default rate sinks to historical low
Brena Swanson
Not only are consumer credit default rates below pre-crisis levels and trending down, but the first mortgage default rate dropped to a historical low. And according to David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices, "The economy looks good."
Read More

Economy adds 280K jobs but unemployment ticks up

Support builds for fall rate hike
Trey Garrison
If the Federal Reserve is looking for cover in raising interest rates, they got it with the May jobs report. Here's what happened and what it will mean.
Read More

Beige Book: Housing continues to expand through the spring

Forecast ahead stays positive
Brena Swanson
While real estate activity continued to expand in the twelve Federal Reserve Districts, these housing variables still made each district unique, with some posting strong sales and others reporting tight inventory.
Read More

Yellen: If nothing changes, expect higher interest rates this year

Contingent on “continued improvement” in labor market conditions
Ben Lane
As predicted by many economists, the Federal Reserve is indeed considering raising the Federal Funds Rate later this year, Fed Chair Janet Yellen said Friday. And if the economy improves as expected, she believes it will be “appropriate” for the Fed to raise the Federal Funds Rate this year, which in turn, would affect mortgage interest rates.
Read More

Annaly CEO: Blame Fed policy for failed economic recovery

8 years of injustice to American workers
Jacob Gaffney
Wellington Denahan, CEO of mortgage REIT Annaly Capital, came out swinging in the investor conference call after reporting earnings yesterday. Lucky for us, the Federal Reserve didn't go further with the economic bailout.
Read More

April jobs report comes in below expectations

March reading revised down to 85,000
Trey Garrison
Employers added 223,000 jobs in April, below consensus expectations of 228,000, even as March’s weak payroll number was downwardly revised to an abysmal 85,000. Here’s what happened.
Read More

Fed: Loan demand surges as standards ease heading into spring

5 charts show what bankers think
Brena Swanson
The housing market started off on solid footing this year as lenders said they witnessed an increase in mortgage lending demand while credit standards eased simultaneously. These five charts show just how big of an increase it was.
Read More

Whalen: Why the Fed must raise interest rates, but it won’t

Everyone talks about the FOMC but no one does anything
Trey Garrison
For more than a year, almost everyone in and around the industry has been saying that the Federal Reserve will be raising interest rates by mid to late 2015. One man in the know thinks everyone is wrong.
Read More