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Confused by the turbulence in the housing sector and global credit markets?
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Mortgage News Daily - Mortgage And Real Estate News
Treasury's Paulson Says Fresh Capital Will Strengthen GSEs - 11 hours ago U.S. Treasury Secretary Henry Paulson said he is pleased Freddie Mac and Fannie Mae are committed to raising more capital this spring, calling reform of the government-sponsored enterprises the best way to combat foreclosures. Read More Now Fed's Lacker Sees Economic Growth Accelerating in 2009 - 14 hours ago Richmond Fed President Jeffrey Lacker (non-voter) said economic growth should pick up next year and that withdrawing the fiscal stimulus as growth risks fade makes "eminent sense". Speaking at the National Economics Club of Washington, D.C., Lacker said the inflation outlook has "deteriorated", but that the Fed should still remain vigilant and try to limit a rise in inflation expectations. Read More Now Inflation Concerns Rise Among U.S. Small Business Owners in June - 16 hours ago Inflation has become the number one concern among small business owners, according to the National Federation of Independent Business Index of Small Business Optimism released on Tuesday. Read More Now Expect Pending Home Sales to Keep Falling, Economists Say - 16 hours ago The 4.7% decline in U.S. pending home sales in May shows that the previous month's gain was not a true sign of stabilization, economists said after a release the National Association of Realtors on Tuesday.Patrick Newport, U.S. economist at Global Insight, called the report "disappointing," noting that a lot of forces such as tight credit and rising interest rates in May were at work to bring down each of the four regions' sales. He said previous data suggested signs of stabilization, but this release indicates the housing market has yet to hit a bottom. Read More Now Battered GSE Stocks Recover Slightly in Early Tuesday Trading - 16 hours ago Shares of Freddie Mac and Fannie Mae were looking a little better in early trading on Tuesday after investors fled the two government sponsored entities (GSEs) the previous day over doubts that their underlying capital could make it more difficult for them to buy or guarantee mortgages. That, in turn, could make interest rates on new home mortgage loans rise sharply.The concerns arose after Lehman Brothers reported that new accounting rules might require that the two companies raise billions in new funds. Read More Now |
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