Conrad Says U.S. Deficit Panel’s Cuts Don’t Go Deep Enough, Wants Summit

Conrad Says U.S. Deficit Panel’s Cuts Don’t Go Deep Enough, Wants Summit
“I would prefer to even go further in deficit reduction than this package,” Conrad, a North Dakota Democrat and member of the commission who backed the plan, said today on “Fox News Sunday.” He called the proposal, which was supported by 11 of the [...]

Prime U.S. Mortgage Foreclosures Rise to Record on Unemployment

Prime U.S. Mortgage Foreclosures Rise to Record on Unemployment
Foreclosures on prime fixed-rate mortgages in the U.S. jumped to a record in the third quarter as unemployment strained household budgets of the most credit- worthy borrowers.
Read more on BusinessWeek

Europe Swaps Diverge From U.S. as Default Concern Spreads: Credit Markets

Europe Swaps Diverge From U.S. as Default Concern Spreads: Credit Markets
The cost of insuring company bonds in Europe against default is the highest relative to the U.S. since May as concern rises that the euro-region’s most indebted governments may need a bailout, further damaging the economy.
Read more on Bloomberg

Q+A – Policy impact of Republican takeover of U.S. Congress

Q+A – Policy impact of Republican takeover of U.S. Congress
WASHINGTO (Reuters) – The U.S. midterm elections on Tuesday will likely have a profound effect on policy, from climate change legislation to tackling the budget deficit.
Read more on The Star

Mortgage Rates on 30-Year U.S. Loans Fall to 5.06% (Update2)

Mortgage Rates on 30-Year U.S. Loans Fall to 5.06% (Update2)
Jan. 14 (Bloomberg) — Mortgage rates in the U.S. fell for the second consecutive week, lowering borrowing costs for consumers and making homes more affordable.
Read more on Bloomberg

Mortgage Bonds Slump in U.S. as Policy Concern Trumps Analysis

Mortgage Bonds Slump in U.S. as Policy Concern Trumps Analysis
Securities guaranteed by government-supported Fannie Mae , Freddie Mac or federal agency Ginnie Mae returned 54 basis points, or 0.54 percentage point, less than U.S. debt this month, Barclays Capital index data show. It’s the worst relative performance since November 2008.
Read more on Bloomberg

Sales of U.S. New Homes Lower Than Forecast in August

Sales of U.S. New Homes Lower Than Forecast in August
Fewer U.S. new homes than forecast were sold in August, signaling the housing market remains depressed even as mortgage rates dropped.
Read more on BusinessWeek

Obama salutes black caucus as the ‘conscience’ of the U.S. Congress

Obama salutes black caucus as the ‘conscience’ of the U.S. Congress
Full text. Democrat says blacks are particularly hit hard by the ongoing recession.
Read more on Los Angeles Times

Average rates for U.S. 30-year fixed mortgages rise to 4.37 per cent

Average rates for U.S. 30-year fixed mortgages rise to 4.37 per cent
WASHINGTON – Rates on U.S. 30-year mortgages climbed for the second straight week, but remain near the lowest level in decades.
Read more on The Canadian Press via Yahoo! Canada News

U.S. home loan requests down 2.9 percent

U.S. home loan requests down 2.9 percent
Applications for home loans dipped last week even though consumers were able to refinance at the lowest rates in decades, The Associated Press reports.
Read more on Hartford Business Journal

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