Mortgage Purchase Program on Schedule to End; MGIC & Bank of America; Lender Updates: Suntrust, Citi, USB
January 28, 2010 – 7:39 amPosted To: Pipeline Press
As a way to conserve fresh drinking water, a number of conservation groups are now calling for an end to toilets that flush. To which gas station owners say, "We are so ahead of you. We've been doing that for years." As expected, the FOMC left overnight rates unchanged yesterday . Some of the language contained in the release, however, caused rates to move up slightly, and the stock market to improve. "Economic activity has continued to strengthen and that the deterioration in the labor market is abating. Household spending is expanding at a moderate rate but remains constrained by a weak labor market, modest income growth, lower housing wealth, and tight credit. While bank lending continues to contract, financial market conditions remain supportive of economic growth."...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.