Thursday, April 21, 2011

Fannie Mae Outlook: Economy Hits Air Pocket

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Apr 21, 2011 11:28AM

Fannie Mae Outlook: Economy Hits Air Pocket

The economy has hit an "air pocket" according to Fannie Mae's latest economic projections . If your plane has ever hit one you're familiar with the feeling; weightlessness, stomach not quite where you left it. You know or at least hope the plane will stop dropping, you are just not sure when... Fannie Mae's April Economics and Mortgage Market Analysis attributes the current state of temporary weightlessness to a pair of major shocks - the political turmoil which continues in the Middle East and North...

Apr 21, 2011 1:03PM

Financial Literacy: Your Best Defense Against Predatory Lending

Federal Reserve Chairman Ben Bernanke told the Senate Subcommittee on Oversight of Government Management, the Federal Workforce, and the District of Columbia, Committee on Homeland Security and Governmental Affairs that financial education must be a life-long pursuit. "(It) enables consumers of all ages and economic positions to stay attuned to changes in their financial needs and circumstances and to take advantage of products and services that best meet their goals. Well-informed consumers, who...


Micro News

2:13 PM:

FOMC Announcement, Auctions, And Renewed Economic Activity

12:29 PM:

FHFA Home Price Index Down 1.6% Jan to Feb

12:18 PM:

Government Mortgage Guarantees Are Unnecessary: Opinion

11:49 AM:

Odd Reprices for Worse Reported. Why?

11:34 AM:

Fannie Shares Nervous Econ Outlook. Downgrades GDP

10:30 AM:

Home buyers try to beat "jumbo" loans squeeze

10:01 AM:

DATA FLASH: Philly Fed 18.5 vs 37.0 Consensus

8:34 AM:

DATA FLASH: Jobless Claims Remain Over 400,000

Around the Web

Video News

Pulling the Curtain Back

Initial Jobless Claims in U.S. Fall Less Than Forecast

Meyer Says U.S. Home Prices to Fall 5 Percent in 2011


Today's Comments

Frank Ceizyk

"Great article--finally--getting back to basics--one comment to hopefully grow this idea to something measurable: Dear Chairman Bernanke: "Since 2004..."

Bobby Downey

"Gotta think prices at their high point and markets closing here shortly nobody wants to leave their pants down all Easter weekend...so bump the prices..."

Adam Quinones

"Odd Reprices for Worse Reported. Why? "Rate sheet influential" MBS coupons are trading in positive territory (+4/32) near the highs of a relatively..."

Today's Q&A

Anonymous

"Is real estate tax Paid "in advance" or for the past..."

Anonymous

"I have excellent credit rating/score/history but low income,..."

Anonymous

"I stopped paying my mortgage for 9 months but it has been a year..."

Today's Forum Discussions

Anthony J. Hood

"Loan Scenario View All Post A Scenario Loan State: Florida Loan County: --- Loan Type: Cash Out Refinance Loan Amount: $4,400,000 Property Value: $8,800..."

Romano

"Anyone know of a lender that can do vacant land loan in WI?"

Chris Hunlow

"We have been doing more VA IRRL Refinances lately and would like to know if there are any lenders who do not require any type of appraisal. VA guidelines..."