11/3 MND NewsWire

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. MND NewsWire - MND NewsWire : Housing and Economic News Refinancing Boom Boosts Lender Loan Profitability November 2, 2009 at 1:12 pm Mortgage bankers reported a substantial increase in per-loans profits during the second quarter of 2009 and an increase in loans, especially refinancings, that allowed them to spread their fixed costs over more units....(read more) Pending Home Sales Improve as Tax Credit Expiration Draws Near November 2, 2009 at 11:01 am The Pending Home Sales Index, a forward-looking indicator based on contracts signed in September, rose 6.1 percent to 110.1 from a reading of 103.8 in August, and is 21.2 percent higher than September 2008 when it stood at 90.9. The gain from a year ago is the largest annual increase on record, and the index is at the highest level since December 2006 when it was 112.8....(read more) Production and Employment Lead ISM Index Higher. Temporary Hiring? November 2, 2009 at 10:16 am The institute for supply management released the Manufacturing ISM Report on Business this morning. "Economic activity in the manufacturing sector expanded in October for the third consecutive month, and the overall economy grew for the sixth consecutive month" said the Institute. The Primary Manufacturing Index was reported at 55.7, better than economist estimates for a read of 53.0 and improved from last month's 56.6. The manufacturing ISM report is at it's highest level since April 2006. The prices paid index 65.0 vs. consensus 64.0 vs. 63.5 in September. The Employment Index came in at 53.1 vs. 46.2 in September and the New Orders Index registered a print of 58.5 vs. 60.8 in September ...(read more) The Week Ahead: Packed Schedule to Hit Markets November 2, 2009 at 8:15 am Volatility in the stock market left equities in a state of pessimism last week. The S&P 500 lost 4.02% in the five trading sessions, including a 2.81% loss on Friday, and the Dow tumbled 2.6% on the week to 9,713, pushing the 10k mark well out of distance. The catalyst for Friday's sell-off was speculation that CIT group, the commercial firm founded in 1908, would be forced to file for bankruptcy over the weekend. Those fears became a reality on Sunday as the company, with $64.9 billion in listed assets, became the fourth largest bankruptcy in US history. ...(read more)   This email was sent to cardmaster21@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.