Archive for March, 2008
Monday, March 31st, 2008
In the wake of mixed regional data, the U.S. ISM
report to be released Tuesday, will highlight the state of the
U.S. national manufacturing sector. The consensus for the ISM report is a
reading of 47.5 following February's 48.3 figure.
All times EDT Tuesday 7:45 US ICSC Chain
Store Sales W/W ...
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Monday, March 31st, 2008
Reuters is reporting that the Secretary of Housing and Urban
Development will announce his resignation Monday morning. Secretary
Alphonso Jackson is expected to step down effective April 18. His
resignation reportedly comes after accusations that he improperly handled
the awarding of federal contracts within the department.
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Monday, March 31st, 2008
Treasury Secretary Henry Paulson will confirm on
Monday widely circulating weekend rumors that the Bush Administration is
seeking a sweeping overhaul of financial regulatory
systems in the country.
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Friday, March 28th, 2008
Senator John McCain was the second candidate to
outline his solutions to the housing and credit
situation. He restated the history leading up to the current
situation and placed the blame for the crisis on:
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Wednesday, March 26th, 2008
Long term mortgage rates fell dramatically during the
week ended March 20 according to the Primary Mortgage Market Survey
released by Freddie Mac.
Activity in the applications area was way up. Volume
increased 48.1 percent on a...
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Tuesday, March 25th, 2008
The Standard & Poor's S&P/Case-Shiller Home Price
Indices (HPI) for January which were released on Tuesday are
reporting further bad news on the home value front.
The HPI which tracks, in two different indices, 10 and 20
metropolitan statistical areas (MSAs) across the United States, reported
that...
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Monday, March 24th, 2008
In what may be the first fluttering of a recovery in the housing
market, sales of existing homes last month actually
increased from January levels according to the National Association of
Realtors (NAR.)
NAR's chief economist Lawrence Yun said the increase
is encouraging. "We're not expecting a notable gain in existing-home ...
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Monday, March 24th, 2008
Those investors who insisted on buying or holding on to their Bear
Stearns stock, keeping prices at near three times the $2 per share being
offered by J.P. Morgan Chase appear to have been on to something.
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Friday, March 21st, 2008
If you have checked the trading price of Bear Stearns
Company (BSC) stock in the four days since the company was sold to J.P.
Morgan Chase for $2 per share in J.P. Morgan stock, you might well wonder
why it is trading at more than twice the price J.P. Morgan ...
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Wednesday, March 19th, 2008
Thornburg Mortgage said that five lenders have agreed
to a deal where no further margin calls will be made in return for its
compliance with a laundry list of requirements.
Thornburg will give the five lenders, Bear Stearns Cos., Citigroup
Inc., Credit Suisse Group, Royal Bank of Scotland Group PLC ...
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