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Mortgage And Real Estate News |
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American Cities See Record Annual Foreclosure Rate Increases in Q2
Record high foreclosure rates in the second quarter were reported in Los Angeles, Seattle, Miami and New York, according to a report issued by PropertyShark.com. |
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U.S. June Nonfarm Payrolls Decline 62k, Unemployment Rate Remains at 5.5%
U.S. nonfarm payrolls declined for the sixth straight month, falling in line with expectations by a total of 62k jobs in June, according to the Bureau of Labor Statistics on Thursday. May's jobs figure was revised to a loss of 62k jobs from an initially reported loss of 49k jobs. |
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Fed's Mishkin Says Fed Wants to Contain Inflation Expectations
Speaking at a conference in Israel, Federal Reserve board Governor Frederic Mishkin said he currently sees an "upside risk" to inflation expectations and that the Fed wants to contain those expectations. |
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Central Bank Watch: Market Attention Shifts to ECB - Finally Time to Hike?
After last week's highly-anticipated Federal Reserve rate decision, in which rates were expectedly left on hold, markets have shifted their attention to the upcoming European Central Bank rate decision on Thursday. |
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Mortgage Rates Mark Time Waiting for Federal Action
Weekly Mortgage Market Report |
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Wednesday's Events: U.S. Employment Data Ahead of Nonfarm Payrolls Thursday
Employment data from the United States and the Department of Energy's weekly inventories report will highlight the North American data on Wednesday as markets prepare for U.S. nonfarm payrolls on Thursday. In the afternoon, markets will also be paying attention to comments from Fed Governor Frederic Mishkin. |
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After ADP, Markets Expect Lower Consensus for Nonfarm Payrolls
Economists appear to be unanimous in their calls for increased downside risk to Thursday's BLS nonfarm payrolls report, following a weaker-than-expected ADP private employment report for June. ADP figures showed a decline of 79k jobs in the month against expectations of only a 20k loss following three months of upside surprises. |
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CIT Group Sells Off its Last Home Related Business Interests
CIT Group sales to bring 1.8 billion to troubled company. |
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