Posts Tagged ‘fall’

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CA Foreclosures Fall Despite National Increase

U.S. foreclosure filings increased last month, though year-over-year performance has been on the mend each month for more than a year now. New filings fell, however, in California — the state with the most activity. Meanwhile, U.S. mortgage servicers completed fewer foreclosures than in December. There were 3 percent more U.S. properties owned by delinquent [...]

Low Rates Could Fall More

The average 30-year mortgage moved up a basis point from last week. It was the same story for the 15-year mortgage. An analysis of Treasury market data suggests that the 30-year could be around 8 BPS better in next week’s report. View full post on Mortgage Stories

Rising FHA Business to Fall

Last month, the Federal Housing Administration endorsed over 2,500 more mortgages than in April. On a dollar-volume basis, production was up around $0.1 billion. Overall activity appears to be headed lower based on new applications, which were down more than a quarter in May. View full post on Mortgage Stories

COFI Continues Free Fall

The 11th District Cost of Funds Index was nearly 10 basis points lower in April. It was the 10th consecutive month that COFI was lower. The index is at its lowest level since October 2009. View full post on Mortgage Stories

Mutual fund revival may be a blip

Have equity markets and fund managers regained the trust of retail investors, who, having invested at the previous high, were scarred by the subsequent fall? View full post on Business Stories

Canadian stocks fall amid China worries

SAN FRANCISCO (MarketWatch) — Canada’s resource-heavy market turned lower Friday as commodities futures across the board slipped in the wake of worries that China may begin to tighten its monetary policy. The S&P/TSX Composite Index fell 78.6 points, or 0.6%, to 12,856.2. Canadian miners took a hit as gold, copper and silver prices all declined. [...]

Dangerous Divide on Task Force to Save Euro

Two months after Lehman collapsed in the fall of 2008, a small group of European leaders set up a secret task force. Its mission: Devise a plan to head off a default by a euro-zone country. View full post on Business Stories

Newsweek: Don’t forget that the bailouts actually worked

We can be fairly sure that without Lehman’s collapse, it would have been impossible to shock the political system into action. In the month after the fall, the U.S. government made a series of massive moves to restore stability to the financial system. And it’s clear that those actions saved the American-and thus the global-economy [...]