by Noteworthy | Apr 17, 2011 | Topics
Mortgage markets worsened last week as energy costs remained high, and jobs data looked strong. The safe haven buying that characterized the March mortgage market has subsided. it’s driving mortgage rates higher. Conforming and FHA mortgage rates rolled back 8...
by Noteworthy | Apr 16, 2011 | Topics
by seier+seierShares of Pleasanton-based Ellie Mae soared on their first day of trading Friday, marking an auspicious launch for the Bay Area's newest publicly held company. Ellie Mae jumped 12.8 percent, or 77 cents, and finished at $ 6.77 on Friday. The company...
by Noteworthy | Apr 16, 2011 | Topics
Foreclosure activity is much slower this year than last. According to foreclosure-tracking firm RealtyTrac, the number of national foreclosure filings plunged 35 percent in March 2011 as compared to March 2010, a statistic that reflects a more healthy housing market...
by Noteworthy | Apr 15, 2011 | Topics
by suttonhooBank of America (BAC: 13.13 0.00%) earned $ 2 billion in the first quarter of 2011, or 17 cents per diluted share, as it settled more mortgage buyback claims and shook up its executive management team. BofA earnings for the quarter dropped 37% from one...
by Noteworthy | Apr 15, 2011 | Topics
Inflation pressures are mounting in the United States. And, Friday, the Consumer Price Index should prove it. More commonly called “The Cost of Living Index”, CPI measures cost changes in the typical items bought by American households. Among...
by Noteworthy | Apr 14, 2011 | Topics
by Hamed SaberThe number of initial jobless claims filed by unemployed Americans rose unexpectedly this past week after experiencing a month of weekly declines. For the week ending April 9, Americans filed 412,000 initial jobless claims, which is 27,000 more claims...
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