The October inflation numbers are out and they were less than expected. Core CPI YoY printed at 2.1%.
Housing starts jumped 25.5% in October to the highest level since President George HW Bush said “This aggression will not stand.
And a Dundie Award goes to … Washington DC for the notable achievement of 14 straight months of industrial production decline YoY.
The odds of a Fed rate hike in December at the next FOMC meeting is now 96%.
It is, after all, November and we are in the season when mortgage applications usually plunge after peaking in early May.
The American middle class has suffered from painfully low wage growth since The Great Recession.
Online consumer lending has hit a stumbling block, better known as “breaching” and “trigger.” (Bloomberg) – Matt Scully – A group of online consumer loans that were packaged into bonds is going bad faster than lenders and bond underwriters had expected, the latest sign that some startups that aimed to revolutionize the banking industry underestimated the […]
The pony people (aka Wells Fargo) has just issued a mortgage-backed securities alert.
It is a new week and already the 10-year and 30-year US Treasury yields are spiking to their highest levels since the last Fed rate hike on December 15, 2015.
IRVINE, Calif. – Nov. 10, 2016 — ATTOM Data Solutions, curator of the nation’s largest fused property database, today released its October 2016 U.S. Foreclosure Market Report™, which shows a total of 105,481 U.S. properties with foreclosure filings