September 3, 2010
Posted To: Mortgage Rate Watch
It is the first Friday of the month and that brings us the official government report on the labor market: The Employment Situation Report. This release provides four headline measures on the health of the jobs sector. Nonfarm Payrolls: totals the number of jobs that were added to or cut from employer payrolls in the prior month. Consensus Forecast: -100,000 vs. -131,000 in July (Private payrolls...Fulton County said Friday it has fully obligated $10.3 million in federal funds to purchase foreclosed property and to assist home buyers in ...
- New Hampshire Republican U.S. Senate candidate Kelly Ayotte - a former attorney general - received more than $10,000 from executives of a Texas company charged with deceptive trade practices.
- How do you sell ultra high-end Manhattan real estate? By air of course. And by boat. Preferably with a few models in tow. I mean on the boat. And some expensive Champagne. And a Rolls to shuttle you from condo to helicopter to boat slip.
- How do you sell ultra high-end Manhattan real estate? By air of course. And by boat. Preferably with a few models in tow. I mean on the boat. And some expensive Champagne. And a Rolls to shuttle you from condo to helicopter to boat slip.
- After falling for five straight months, the Federal Housing Administration's (FHA) delinquency rate held steady in July at 8.3 percent. At the beginning of 2010, the rate stood at 9.4 percent. HUD also issued guidelines for FHA's new insurance premium structure, which takes effect next month. The annual premium will increase from 0.55 percent to between 0.85 percent and 0.90 percent of the loan amount. At the same time, though, the upfront premium has been reduced by 100 basis points from...
- The dollar slid Friday after a government report on jobs was not as bad as many market watchers had feared, helping assuage fears of another downturn in the U.S.
- Financial stocks have taken a hit over the summer—the KBW Bank index tumbled almost 10 percent since the beginning of May. So should investors get in now? Anton Schutz, president of Mendon Capital, and Paul Miller, group head of financial services at FBR Capital Markets, shared their insights.
The Riverstone Shoppes has become the third retail center in Parkland to be hit with a foreclosure. An affiliate of a commercial mortgage-backed securities ...