| Freddie Mac's Portfolio Grows. Delinquency Rate Continues to Rise
October 23, 2009 at 4:44 pm
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| Freddie Mac released their activity summary today. This data reports on monthly and year-to-date activity for Freddie Mac's Total Mortgage, Retained and Total PC portfolios. It also contains monthly delinquency rates and interest rate risk sensitivity disclosures....(read more) |
| Existing Homes Sales Benefit from Tax Credit. Perspective on Road Ahead
October 23, 2009 at 2:08 pm
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| Existing-home sales jumped 9.4 percent to an annual rate of 5.57 million units in September from a level of 5.10 million in August, and are 9.2 percent higher than the 5.10 million-unit pace in September 2008. Overall, today's release indicated continued progress in the stabilization of the housing market. However we are troubled by the forward looking statements Yun made regarding the variables that must continue to improve if housing it to undergo further stabilization and recovery....(read more) |
| Consumer Protection Act Passes Committee Vote. HVCC Amendment Added
October 23, 2009 at 11:14 am
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| The House Financial Services Committee passed the Consumer Financial Protection Act on Thursday. The legislation will consolidate regulation of financial institutions into a single agency....(read more) |
| The Day Ahead: Equities Flat Ahead of Housing Data, Bernanke
October 23, 2009 at 8:02 am
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| Equity futures are flat to slightly lower this morning after shares in the S&P 500 jumped 1.06% yesterday. Today markets will received fresh data for the housing market and look for headlines coming from Ben Bernanke and Co. speaking at day three of the Boston Fed's conference in Cape Cod. The US dollar is slightly firmer this morning, December oil futures are up 10 cents to $81.29 a barrel, and spot gold futures are up slightly at $1,062.10 per ounce....(read more) | | | 
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