China's official factory PMI beats estimates

Activity in China's all-important manufacturing sector picked up in September, with the official Purchasing Managers' Index rising to 49.8....(read more)

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U.S. securities regulator expands use of powerful software: source

NEW YORK (Reuters) - The U.S. Securities and Exchange Commission (SEC) is expanding an effort that allows its staff to search massive amounts of data for signs of insider trading and other securities violations, a person familiar with the matter said....(read more)

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U.S. launches insider-trading probe into Federal Reserve leak: WSJ

WASHINGTON (Reuters) - U.S. prosecutors in New York have launched an insider-trading probe into a leak of sensitive information from the Federal Reserve in 2012, the Wall Street Journal reported on Wednesday, citing people familiar with the matter....(read more)

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House passes legislation to avoid shutdown

With the House passage, the continuing resolution to avoid a government shutdown goes to President Barack Obama's desk....(read more)

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Fannie Mae Releases August 2015 Monthly Summary

The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities for our gross mortgage portfolio, mortgage- ......(read more)

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Jack Ma to US: Quit worrying so much about China

"When the economy is bad, we still have the money to spend - you guys probably don't, you worry," Alibaba founder Jack Ma said....(read more)

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Lagarde Says Fed Hike, Slower China to Test Global Economy

Bloomberg Lagarde Says Fed Hike, Slower China to Test Global Economy Bloomberg Global growth will only modestly accelerate next year as the world grapples with the twin prospects of rising U.S. interest rates and slowing expansion in China, International Monetary Fund Managing Director Christine Lagarde said. The likelihood that ... and more »...(read more)

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Rosengren Paper Finds FOMC Acts Like It has a Third Mandate

Rosengren Paper Finds FOMC Acts Like It has a Third Mandate Bloomberg Federal Reserve officials are influenced in their conduct of monetary policy by concerns of financial market instability, according to a research paper co-authored by Boston Fed President Eric Rosengren. The Boston Fed published the paper on its web ......(read more)

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The Moral Ambiguity of Foreclosure

99 Homes tells the story of millions of Americans....(read more)

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To Lure Buyers to Indianapolis, a Real Estate Agent Disses ‘Dirty Detroit'

One real estate agent used a creative tactic to lure people from Detroit to Indianapolis. He called the city "Dirty Detroit," but, man, did it backfire. The post To Lure Buyers to Indianapolis, a Real Estate Agent Disses ‘Dirty Detroit' appeared first on Real Estate News and Advice - realtor.com ....(read more)

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Most U.S. Investors Say Area Housing Prices Are Rising

A large majority of U.S. investors say homeownership is an important means of building wealth -- and most believe that housing prices are rising. But most investors do not see higher home values as influencing their daily spending....(read more)

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Meet the Hipster Real Estate Developers Building for Millennials

Bloomberg Meet the Hipster Real Estate Developers Building for Millennials Bloomberg Young real estate developers are using young investors' money to put young people in young neighborhoods. Ben Steverman · Bloomberg Businessweek Reprints. September 30, 2015 - 9:00 AM PDT. Share on FacebookShare on TwitterShare on ......(read more)

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Choosing to crowdfund the real estate market

While high-tech & community ventures dominate crowdfunding-related headlines, harder areas of investment, like real estate are also finding success....(read more)

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Bond Markets Probably Aren't Telling the Fed Much About Inflation Expectations

Bloomberg Bond Markets Probably Aren't Telling the Fed Much About Inflation Expectations Bloomberg Last week Federal Reserve Chair Janet Yellen gave a speech at the University of Massachusetts in Amherst in which she outlined her views on inflation and its role in the U.S. central bank's monetary policy. The entire speech is well worth a read, but ......(read more)

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Senate passes bill to avert government shutdown, sends to House

WASHINGTON (Reuters) - The U.S. Senate on Wednesday passed legislation to keep the federal government operating just hours before agency funding runs out with the start of a new fiscal year on Thursday....(read more)

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Fed's Dudley downplays market 'liquidity' concerns, eyes HFT

NEW YORK (Reuters) - A top Federal Reserve official on Wednesday largely dismissed concerns that bond-market liquidity has sharply diminished in the wake of regulatory reforms, saying other changes like the rise in rapid electronic trading may play a bigger role....(read more)

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ADP Says Companies in U.S. Added 200000 Workers in September

ADP Says Companies in U.S. Added 200000 Workers in September Bloomberg Companies in the U.S. added 200,000 workers to payrolls in September, figures from the ADP Research Institute showed Wednesday. The median forecast of 45 economists surveyed by Bloomberg called for 190,000 advance, with estimates ranging from ... and more »...(read more)

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Mortgage applications drop 6.7% on rate swings

A volatile stock market spooked would-be borrowers, causing mortgage applications to drop by 6.7 percent....(read more)

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Treasurys lose some of their shine for now

U.S. Treasury prices were lower on Wednesday, as a recovery in global stock markets dented the appeal of safe haven bonds....(read more)

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Warren Demands HUD Curb Sales of Soured Loans to Private Equity

Warren Demands HUD Curb Sales of Soured Loans to Private Equity Bloomberg U.S. Senator Elizabeth Warren wants to restrict Wall Street firms from buying thousands of distressed home loans, the most prominent lawmaker to put pressure on the government to curtail the practice. Massachusetts Democrats Warren and Representative ... and more »...(read more)

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Wednesday: Unlikely Government Shutdown, ADP Employment, Chicago PMI

It seems likely a shutdown tomorrow will be avoided, but the votes will be at the last minute. Of course there might be a shutdown later this year. From the WSJ: GOP leaders are negotiating with Obama on two-year budget deal; a stopgap measure is expected to be passed this week Republican leaders, seeking to avoid repeated fiscal crises, have opened discussions with President Barack Obama about a two-year budget deal, aiming to avoid a spending fight in the middle of an election year. ... The House and Senate are expected Wednesday to pass a stopgap spending measure to keep the government......(read more)

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Global markets to log worst quarter since 2011

Global stock markets are headed for their weakest quarterly performance in four years after a torrid summer....(read more)

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Watch Out for the New Players in the Mortgage Field: Hedge Funds

Homeowners who end up unable to pay their mortgage may soon see their homes taken over by a surprising new player in the field: hedge fund firms. The post Watch Out for the New Players in the Mortgage Field: Hedge Funds appeared first on Real Estate News and Advice - realtor.com ....(read more)

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Traders Flee Emerging Markets at Fastest Pace Since 2008

Bloomberg Traders Flee Emerging Markets at Fastest Pace Since 2008 Bloomberg Investors have pulled $40 billion out of developing economies in the third quarter, fleeing emerging markets at the fastest pace since the height of the global financial crisis. The quarterly outflow was the first since 2009 and the biggest since the ... and more »...(read more)

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Fannie Selling Guide Announcement SEL-2015-10

The Selling Guide has been updated to include changes to the following: -HomeReady™ Mortgage -Homeownership Education and Housing Counseling -High-Balance Mortgage Loan Eligibility -Non-Occupant Borrower Policies in Desktop Underwriter® -Miscellaneous Selling Guide Updates...(read more)

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U.S. consumer agency slams student loan servicers, eyes reforms

WASHINGTON (Reuters) - The U.S. consumer watchdog reported widespread failures in the servicing of student loans on Tuesday and urged new rules to protect borrowers....(read more)

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Fed-in-a-box: When will time be right?

Reduced expectations for GDP, earnings and stock market gains hardly seem the ideal climate for raising interest rate....(read more)

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Jeremy Siegel: Markets to Yellen, you made a mistake

Jeremy Siegel, Wharton School finance professor, discusses the Fed rate hike & his Dow price targets....(read more)

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Paycheck to Paycheck 2015 examines housing challenges of millennial workers

by Mindy Ault, National Housing Conference In our 2015 edition of Paycheck to Paycheck , released today, we focus on housing affordability for millennials, the much discussed and stereotyped generation of young adults. Millennials, adults who were between the ages of 18 and 33 in 2013, make up about one-third of the U.S. workforce, and that share will grow as older workers retire and younger millennials finish their education and replace them in the labor market. We used data from the U.S. Census Bureau's 2013 American Community Survey to examine the demographic characteristics of this group......(read more)

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The Technical Indicator: S&P 500 teeters on major technical support

The major U.S. benchmarks are traversing less-charted territory as the 2015 technical breakdown runs its course. Against this backdrop, the S&P 500 is challenging major technical support, and vulnerable to a potentially material incremental leg lower....(read more)

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Private equity purchasing mortgages

Private equity and hedge fund firms are buying home mortgages at a discount from banks. The New York Times reports....(read more)

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Why the Two Main Measures of Consumer Confidence Are Diverging

Why the Two Main Measures of Consumer Confidence Are Diverging Bloomberg U.S. consumers surveyed by the Conference Board this month were more confident than those polled by the University of Michigan than at any other time since September 2007, according to data from the two providers. While data Tuesday showed the former ... and more »...(read more)

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Real Prices and Price-to-Rent Ratio in July

Yesterday, San Francisco Fed President John Williams said : I am starting to see signs of imbalances emerge in the form of high asset prices, especially in real estate, and that trips the alert system . One lesson I have taken from past episodes is that, once the imbalances have grown large, the options to deal with them are limited. I think back to the mid-2000s, when we faced the question of whether the Fed should raise rates and risk pricking the bubble or let things run full steam ahead and deal with the consequences later. What stayed with me were not the relative merits of either case,......(read more)

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Wooing millennials to buy tiny condos

Developers are enticing the renter nation generation into home ownership through very small condos....(read more)

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Boehner leaves open chance of advancing debt limit increase

WASHINGTON (Reuters) - U.S. House Speaker John Boehner on Tuesday left open the possibility of advancing an increase to the U.S. debt limit before he resigns from Congress on Oct. 30....(read more)

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Wells Fargo Survey: Millennials Most Optimistic About Finances, Future

Wells Fargo Survey: Millennials Most Optimistic About Finances, Future<br/>http://ift.tt/1iYKen5...(read more)

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U.S. home price growth steady in July: S&P/Case-Shiller

NEW YORK (Reuters) - U.S. single-family home prices rose in July, matching the pace of price gains in June but falling just short of expectations, a closely watched survey said on Tuesday....(read more)

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Consumer confidence up in September

U.S. consumers were a little more optimistic about the economy in September, according to a report released Tuesday....(read more)

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IMF Survey: Rise in Emerging Market Corporate Debt Driven by Global Factors

IMF Survey: Rise in Emerging Market Corporate Debt Driven by Global Factors<br/>http://ift.tt/1h77Yn7...(read more)

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Bond Report: Treasury yields edge lower as flight to safety continues

Treasury yields edge lower Tuesday morning as investors weighed expectations of an interest-rate hike by the Federal Reserve against persisting fears of a global growth slowdown....(read more)

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New Mortgage Rules May Spark Delays, Frustration

Mortgage lenders and real-estate agents are bracing for the Oct. 3 implementation of a five-year-old law that has forced them to overhaul the way they process sales. The changes, prompted by the 2010 Dodd-Frank financial law, are meant to help consumers better understand the terms of their mortgages before they sign the dotted line....(read more)

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The Real Estate Crisis in North Dakota's Man Camps

Bloomberg The Real Estate Crisis in North Dakota's Man Camps Bloomberg Partially completed buildings stand under construction at the Williston Apartments complex on Wednesday, Sept. 9, 2015. Photographer: Daniel Acker/Bloomberg. Photographer: Daniel Acker/Bloomberg. Don't Miss Out - Follow Bloomberg On. Facebook ......(read more)

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The 20 Hottest Markets in September 2015

It's officially fall, and would-be buyers stand to benefit from a good supply of homes that are more affordable. Check out the 20 hottest U.S. markets. The post The 20 Hottest Markets in September 2015 appeared first on Real Estate News and Advice - realtor.com ....(read more)

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U.S. Economic Confidence Index Level at -13

Gallup's Economic Confidence Index averaged -13 in the U.S. for the week ending Sept. 27. This score is consistent with prior weeks in September, but is lower than earlier in 2015....(read more)

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Glencore Fear Trade Grips Debt Market as Commodity Pain Spreads

Glencore Fear Trade Grips Debt Market as Commodity Pain Spreads Bloomberg Fears that the commodities house won't be able to get a grip on its $30 billion debt load triggered a worldwide selloff Monday, sending junk-bond yields over 8 percent for the first time in three years, Bank of America Merrill Lynch index data show ... and more »...(read more)

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Today in Fed Speak

Tuesday: • At 9:00 AM ET, the S&P/Case-Shiller House Price Index for July . Although this is the July report, it is really a 3 month average of May, June and July prices. The consensus is for a 5.3% year-over-year increase in the Comp 20 index for July. The Zillow forecast is for the National Index to increase 4.6% year-over-year in July. Today in Fed speak: This year, this year, and "middle of next year". From NY Fed President William Dudley: Fed's Dudley: Still Likely on Track for 2015 Rate Rise "If the economy continues on the same trajectory it's on…and everything else suggests......(read more)

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Treasuries Show Inflation Outlook Plunging While Fed Sees Pickup

Treasuries Show Inflation Outlook Plunging While Fed Sees Pickup Bloomberg The Treasury market is signaling inflation expectations in the U.S. are tumbling, even as Federal Reserve officials stick to forecasts for a pickup. The difference between yields on five-year notes and similar-maturity Treasury Inflation Protected ... and more »...(read more)

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Director Cordray to testify tomorrow before House Committee on Financial Services

Alan S. Kaplinsky On Tuesday, September 29, Director Cordray will testify once again before the House Committee on Financial Services at 10 am.   The Hearing is entitled "The Semi-Annual Report of the Bureau of Consumer Financial Protection". While I’m not expecting Director Cordray ‘s prepared remarks to announce any new development, it seems likely that he’ll be... More >...(read more)

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The Fed speaks, and investors scratch their heads

"There is such a thing as an overload of information, and I think that's what a lot of investors are getting right now," Robert Luna told CNBC....(read more)

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CFPB Takes Actions Against Fifth Third Bancorp (FITB) for Auto Loan Pricing, Illegal Credit Card Practices

Today the Consumer Financial Protection Bureau (CFPB) announced two separate actions against Fifth Third Bank (Nasdaq: FITB), for discriminatory auto loan pricing and for illegal credit card practices. The joint CFPB and Department of Justice (DOJ) auto-lending enforcement action requires Fifth Third to change its pricing and compensation system to minimize the risks of discrimination, and to pay $18 million to harmed African-American and Hispanic borrowers. The CFPB's action against Fifth Third's deceptive marketing of credit card add-on products requires the bank to provide an estimated $3......(read more)

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