First time claims for unemployment insurance dropped 12,000 to 350,000 for the week ended December 22, the third lowest level of the year, the ""Labor Department"":http://www.ows.doleta.gov/press/2012/122712.asp reported Thursday. Economists expected...
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The Week in Review: December 17-21
...important housing data reports along with the weekly report on initial claims for unemployment insurance. The Case-Shiller Home Price Index Wednesday (pushed back one day because of the Christmas holiday)...
Read More »KBW Expects ‘Modest Changes’ in Mortgage Market in New Year
...being provided."" FHFA may also look into risk sharing, increasing private mortgage insurance coverage and raising servicing fees, according to KBW. In other GSE-related activity, KBW expects the Home Affordable...
Read More »Five Star Economist: Housing in 2013 Depends on Many Moving Parts
...increasing the debt ceiling. Indeed, there are two distinct housing related issues: a provision which makes mortgage insurance payments tax deductible and a tax provision which shields forgiven mortgage debt,...
Read More »Personal Income Jumps In November
...Social Security payments were made on November 30). Unemployment insurance payments rose $1 billion, the first month-over-month increase since October 2011, due to the surge in unemployment insurance claims following...
Read More »Initial Jobless Claims Rise After Sharp Drop
First-time claims for unemployment insurance increased 17,000 to 361,000 for the week ending December 15, the ""Labor Department"":http://www.ows.doleta.gov/press/2012/122012.asp reported Thursday. Economists expected claims to increase to 359,000. [IMAGE] The previous...
Read More »Galante Gains Support After Committing to FHA Reforms
...requirements and restoring its Mutual Mortgage Insurance (MMI) Fund to health. Both Donovan and Galante have been answering criticism in the wake of the revelation that FHA may be headed...
Read More »Senators Introduce Legislation to Prevent FHA Bailout
...It was revealed in November that FHA's Mutual Mortgage Insurance (MMI) Fund--its protection against the cost of default claims--had fallen to a reserve ratio of -1.44 percent for fiscal year...
Read More »Missouri Bank Closing Raises 2012 Tally to 51
...the Deposit Insurance Fund will be $10.4 million. In addition to being this year's 51st institution to fail, Community Bank of the Ozarks is the fourth to fail in Missouri....
Read More »Groups Gather to Assist New York Homeowners Impacted by Sandy
...Development. Insurance companies in attendance included Assurant, USAA, New York Property Insurance Underwriting Association, Travelers, Allstate, Hartford, Nationwide, New York Central Mutual, and Liberty Mutual. The GSEs also participated. ""Many...
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