The MBA reports: Mortgage Refinance Applications Increase in Latest MBA Weekly Survey The Refinance Index increased 9.2 percent from the previous week and is the highest Refinance Index observed in the survey since the week ending May 15, 2009. The seasonally adjusted Purchase Index decreased 2.0 percent from one week earlier.
The $19 billion bank tax which was a cornerstone of the financial reform bill appears to be dead. But in the ever-changing negotiations to get legislation to the President’s desk next month, the fate of the plan could change again. The tax, which would impact the largest banks in America and many hedge funds, would [[ This is a content summary only
The unemployment rate in the US is about 10%. The figure rises to 17% when people seeking full-time work who have part-time jobs and those who have stopped looking for work are included.
Early this morning, lawmakers finalized the banking reform bill. The “Restoring American Financial Stability Act of 2010″ is a great victory for consumers, who will now have vastly improved protections against predatory lending. The bill also contains very strong and much-needed foreclosure assistance
The MBA reports: Mortgage Applications Increase in Latest MBA Weekly Survey The Refinance Index increased 21.1 percent from the previous week. This is the highest Refinance Index recorded in the survey since May 2009. The seasonally adjusted Purchase Index increased 7.3 percent from one week earlier, which is the first increase in six weeks.
Jun 15
I thought these comments by St Louis Fed President James Bullard today were a little odd: The Global Recovery and Monetary Policy “As of the first quarter of 2010, real GDP stands just shy of the 2008 second quarter level, so that growth of about 1.25 percent would be sufficient to allow real GDP to surpass the previous peak. At that point, the U.S.
By Benjamin Carlson of The Atlantic Wire President Obama makes his fourth visit to the Gulf this week, and on Tuesday he will give a national prime-time address about the oil spill. As the leak continues to gush at twice the initially-estimated rate, the administration is under mounting pressure to take control of the crisis [[ This is a content summary only
We can try to understand The New York Times effect on man ~ Bee Gees The headline on the Rural Blog , for the Institute for Rural Journalism and Community Issues, based at the University of Kentucky, said the New York Times misses point in story on Main Street versus Wall Street in regulatory battle.” That is a vast and gross understatement.
The MBA reports: Mortgage Applications Decrease in Latest MBA Weekly Survey The Refinance Index decreased 14.3 percent from the previous week and the seasonally adjusted Purchase Index decreased 5.7 percent from one week earlier. ..
