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Mortgage News Daily:
TREASURIES-Yields range-bound amid mixed economic data
2/15/2019 1:53 PM
*Optimism that U.S., China will reach trade deal. NEW YORK, Feb 15- U.S. Its not been a trend of weaker or stronger that can really push the market one way or another, thats why I think were kind of sitting here and waiting, said Justin Lederer, an interest rate strategist at Cantor Fitzgerald in New York....(Read More
Serious Delinquency Rate Continues its Decline
2/15/2019 1:12 PM
The most recent results of the National Delinquency Survey produced by the Mortgage Bankers Association (MBA) show that, as of the 4th quarter of 2018, mortgage servicers serviced 29.9 million non-government-insured mortgages, also known as conventional mortgages. Beginning with the first quarter of 2017, the MBA had discontinued its long-held clas...Read More
Banks Offered Homeowners Refinances After the Crisis, but Americans Stopped Trusting Banks
2/15/2019 12:23 PM
When banks stepped up their efforts to persuade homeowners to refinance, it "deepened" suspicion, a study found. The post Banks Offered Homeowners Refinances After the Crisis, but Americans Stopped Trusting Banks appeared first on Real Estate News & Insights | realtor.comĀ® ....(Read More
Small banks you"ve never heard of are quietly enabling the tech takeover of the financial industry
2/15/2019 11:48 AM
A small group of banks are handling the "financial" side of billion-dollar financial technology start-ups....(read more)...Read More
Q4 GDP Forecasts: High-1s, Low-2s, 2018 Annual GDP around 2.8%
2/15/2019 11:21 AM
The BEA has announced that the Q4 advanced GDP report will be combined with the 2nd estimate of GDP, and will be released on Feb 28th. From Merrill Lynch: Weak retail sales data and inventory build caused a 0.8pp decline in our 4Q GDP tracking estimate to 1.5% from 2.3% [Feb 14 estimate] emphasis added From Goldman Sachs: The retail sales report in...Read More
Here"s where the money for Trump"s border wall will come from
2/15/2019 10:49 AM
With the declaration of a national emergency, President Donald Trump has access to roughly $8 billion to fund a border wall....(read more)
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MBA: "Mortgage Delinquencies Dropped to 18-Year Low in the Fourth Quarter of 2018"
2/15/2019 9:55 AM
From the MBA: Mortgage Delinquencies Dropped to 18-Year Low in the Fourth Quarter of 2018 The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.06 percent of all loans outstanding at the end of the fourth quarter of 2018 , according to the Mortgage Bankers Association"s (MBA)...Read More
Consumer sentiment hits 95.5 in February, vs. expectations for 93
2/15/2019 9:26 AM
Consumer sentiment hits 95.5 in February, vs. expectations for 93<br/> more)
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Industrial Production Decreased 0.6% in January
2/15/2019 8:39 AM
From the Fed: Industrial Production and Capacity Utilization Industrial production decreased 0.6 percent in January after rising 0.1 percent in December. In January, manufacturing production fell 0.9 percent, primarily as a result of a large drop in motor vehicle assemblies; factory output excluding motor vehicles and parts decreased 0.2 percent. T...Read More
How Surge in Inflation-Adjusted Pay Can Lead Fed to Higher Rates
2/15/2019 7:48 AM
How Surge in Inflation-Adjusted Pay Can Lead Fed to Higher Rates    Bloomberg One reason to look past the surprise December drop in U.S. retail sales came in a report a day earlier, which showed Americans" inflation-adjusted wages rising ......(read more)Read More
Atlanta Home Prices Up 4.8%, Outpacing National Growth
2/15/2019 7:20 AM
In Atlanta, price growth is stronger and homes are selling faster than they are in the U.S. overall, trends explained in part by the surge in people looking to move inland. Atlanta area home prices were up 4.8 percent annually to a median of $229,900 in January, marking nearly seven years of growing prices. While […] The post Atlanta Home...Read More
JGBs rise tracking gains in U.S. Treasuries
2/15/2019 7:03 AM
TOKYO, Feb 15- Japanese government bond prices rose on Friday as U.S. Treasuries held on to overnight gains and after Tokyo stocks pulled back from near two-month highs, boosting demand for debt. Also casting a shadow, the White House said President Donald Trump will declare a national emergency to try to obtain funds for his promised U.S.- Mexico ...Read More
NJ congressman pushes bill to restore full state, local tax deductions: "We can"t accept this"
2/14/2019 4:01 PM
New Jersey Democrats Rep. Bill Pascrell and Sen. Bob Menendez introduced a bill in both the House and Senate earlier this week that would repeal the $10,000 federal cap on state and local tax, or SALT, deductions. The legislation is called the "Stop Attacking Local Taxpayers (SALT) Act."...(Read More
Senate passes border security bill, sends to House
2/14/2019 4:01 PM
The U.S. Senate on Thursday voted overwhelmingly to avert another partial government shutdown with bipartisan spending legislation that funds new barriers for part of the U.S.-Mexico border, but not the $5.7 billion that President Donald Trump sought for a wall....(read more)Read More
U.S. tax refunds down nearly 9 percent vs year ago: IRS data
2/14/2019 3:08 PM
The average U.S. tax refund under President Donald Trump"s tax overhaul is down nearly 9 percent so far in this year"s tax filing season, according to Internal Revenue Service data released on Thursday....(read more)
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