4 Articles match "Contract","New York","Real Estate"

The Latest from RealtyTrac MORE
Fed's Latest Moves No Real Surprise
Tight credit conditions, the ongoing housing contraction, and some slowing in export growth are likely to weigh on economic growth over the next few quarters.” rdquo; The New York Times commented today that the decision to keep the key rate where it is clearly demonstrates the Fed’s limited ability to solve a problem involving the nation’s housing and mortgage markets. Good news for Financial analysts who were hoping for some downward movement on interest rates yesterday by the Federal Reserve were disappointed as Ben Bernanke and his merry band unanimously voted to do nothing.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Subprime Market Sinking Further Into the Abyss
The latest developments in the subprime lending market should have the entire real estate industry up in arms (figuratively and literally). The latest victim of its own success is New Century Financial Inc. As a result, the lender’s stock on the New York Stock Exchange (Symbol = NEW) plummeted almost 70 percent. The problem has gone far beyond the $1 trillion worth of so-called “exotic” adjustable rate loans resetting in each of the next two years. Borrowers began feeling the effects of those resets during the second half of 2006.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Rate Cut, Real GDP Are Some Positive News
More specifically, however, the Fed announcement highlighted a number of factors for its decision such as subdued household and business spending, soft labor markets, stressed out financial markets, tight credit conditions and the continuation of the housing contraction. In the second announcement made earlier in the day, the Commerce Department said that real Gross Domestic Product (GDP) increased at an annual rate of 0.6 One day after President Bush pointed the finger at Congress and told the American public to blame lawmakers for all of their recent financial woes, an inkling of actual positive news came out of Washington Wednesday with two announcements from government agencies.
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
  • The Best from RealtyTrac MORE
  • Subprime Market Sinking Further Into the Abyss
    The latest developments in the subprime lending market should have the entire real estate industry up in arms (figuratively and literally). The latest victim of its own success is New Century Financial Inc. As a result, the lender’s stock on the New York Stock Exchange (Symbol = NEW) plummeted almost 70 percent. The problem has gone far beyond the $1 trillion worth of so-called “exotic” adjustable rate loans resetting in each of the next two years. Borrowers began feeling the effects of those resets during the second half of 2006.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Fed's Latest Moves No Real Surprise
    Tight credit conditions, the ongoing housing contraction, and some slowing in export growth are likely to weigh on economic growth over the next few quarters.” rdquo; The New York Times commented today that the decision to keep the key rate where it is clearly demonstrates the Fed’s limited ability to solve a problem involving the nation’s housing and mortgage markets. Good news for Financial analysts who were hoping for some downward movement on interest rates yesterday by the Federal Reserve were disappointed as Ben Bernanke and his merry band unanimously voted to do nothing.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Back to Wait and See for the Fed
    This move by the Fed is recognition of the fact that further increases in oil prices threaten the economy by pushing up prices in goods and services, according to the New York Times . The ongoing housing contraction, along with stressed financial markets and soft labor markets are key concerns for the Fed, as are tight credit conditions and rising energy costs. ForeclosurePulse The Federal Open Market Committee took the advice Wednesday of all the financial analysts and market watchers and did absolutely nothing with the short term Federal Funds Rate (FFR). After whittling away at the rate over time from a high of 5.25
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Rate Cut, Real GDP Are Some Positive News
    More specifically, however, the Fed announcement highlighted a number of factors for its decision such as subdued household and business spending, soft labor markets, stressed out financial markets, tight credit conditions and the continuation of the housing contraction. In the second announcement made earlier in the day, the Commerce Department said that real Gross Domestic Product (GDP) increased at an annual rate of 0.6 One day after President Bush pointed the finger at Congress and told the American public to blame lawmakers for all of their recent financial woes, an inkling of actual positive news came out of Washington Wednesday with two announcements from government agencies.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE