Bank of America: 'We provide all required MSR documents'

Bank of America: 'We provide all required MSR documents'

Responds to Ginnie Mae MSR transfer block

17% of homes with a mortgage seriously underwater

Share of underwaters continues slow decline

Here are 5 bold mortgage predictions from KBW

Q1 mortgage volume predicted to be $20 billion lower

Items Tagged with 'U.S. Department of Labor'


The new reason behind financial job cuts

It's not a pullback in originations
March 6, 2014
The financial sector experienced the largest number of layoffs in February compared to other sectors, but unlike recent reports, the cuts follow successful companies taking proactive steps in adjusting to new realities.
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Jobless claims rise by 1,000 filings

January 23, 2014
Jobless claims edged slightly higher for the week ending Jan. 18, rising by 1,000 filings to 326,000 claims, the latest U.S. Department of Labor report found.
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Jobless claims fall by 2,000 filings

First report in two months not skewed by special factors
January 16, 2014
Jobless claims fell by 2,000 filings for the week ending Jan.11, posting the first report in two months that was not heavily skewed by special factors.
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Jobless claims fall by 42,000 filings amid seasonal volatility

December 26, 2013
Due to volatility tied to seasonal adjustments for the holidays, jobless claims continued to fluctuate, falling by 42,000 filings for the week ending Dec. 21.
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HW 30 stays frozen

Jobless claims swing back up to highest point since shutdown
December 12, 2013
The HW 30 remained frozen from the previous day on Thursday despite a quick upswing in jobless claims.
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HW 30 falls despite positive economic reports

Improving jobs data fails to turn the tide
December 5, 2013
Despite the release of positive economic reports and a drop in jobless claims, the HW 30 finished the Thursday trading day down 1.23%, with a majority of its stocks in the red.
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Housing market feeds off positive economic reports

Layoffs decline, GDP increases
December 5, 2013
A few positive economic reports painted a more optimistic picture of the American housing market. But will a recent decline in layoffs and higher GDP translate into long-term housing gains?
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Housing cannot improve without better jobs data

Jobless claims drop, but not enough to influence real estate
November 14, 2013
While unemployment claims dropped by 2,000 filings last week, the slight dip is not substantial enough to denote sustainable improvement in the economy or housing sector.
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Unemployment Rate Rises to 8.1%

March 6, 2009
Non-farm payroll employment contracted by 651,000 in February, effectively pushing unemployment to 8.1 percent from 7.6 percent he previous month, according to data released Friday by the U.S. Department of Labor. The economy has shed a total 2.6 million paid, non-farm jobs in the past four months alone, according to the payroll data. The employed sector of the population shrank by about 5 million during the past 12 months, while the unemployment rate has risen by 3.3 percentage points.
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Jobless Claims at 27-Year High

February 26, 2009
Initial unemployment claims rose 36,000 to a seasonally-adjusted 667,000 in the week ended Feb. 21 -- the highest level in 27 years, according to data released Thursday by the U.S. Department of Labor. Initial claims on a seasonally adjusted basis have not been higher since the first week of October, 1982. Initial claims for the third week of February were 95 percent higher than the year-ago level of 342,000.
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