John Silvia, Wells Fargo Securities chief economist, shares his economic forecast or the rest of 2015.» Read More
The Federal Reserve on Wednesday said it is prepared to buy long-term government debt if that would help improve credit conditions...
Stocks ended at session highs Wednesday, led by banks, amid enthusiasm for this so-called "bad bank" plan and as the $825 billion stimulus package neared approval.
Stocks held onto a nearly 200-point gain Wednesday after the Federal Reserve issued its statement on the economy.
About 70 percent of foreclosures in RealtyTrac database have not yet been listed on the MLS. I'm wondering why? Why are the banks sitting on all these properties instead of listing them for sale?
The Fed issued a long statement that clearly indicated their policies would be fluid. There was a little bit for everyone in the statement who wanted an aggressive Fed, and some for those who wanted a more conservative Fed.
Below is the statement released by the Federal Open Market Committee after its Jan. 27-28 meeting on interest rate policy:
Stocks shot out of the gate Wednesday as lawmakers prepared to move ahead on an $825 billion economic stimulus plan and banks got a boost from this so-called "bad bank" plan.
US stocks were poised to continue their positive start to the week Wednesday, as investors looked to a key policy meeting of the Federal Open Market Committee for more action to stem the credit crisis.
I know many of you think I'm the angel of housing doom, but we need to face some cold hard facts. One month-to-month increase in sales, percentage-wise, from a huge drop the previous month, means absolutely nothing.
The recent lull in the government bond market's bullish tone only enhances the arguments for ramping-up a portfolio of the heretofore dullards of the financial markets.
Sometimes when you look inside the numbers, you find something interesting. In a recent report I noticed the number of bank repossessions was rising faster than overall foreclosure filings.
Most agree home foreclosures are a major problem. But the severity of the issue, mechanics of tackling it and amount of money needed are very much under debate.
Lowered limits. Higher rates. Harsh late fees. If you’ve been squeezed by the credit card crackdown, new rules should help make sure you’re not punished again.
Global stocks ended the week lower Friday on heightened economic fears. The dollar and government bonds gained as investors parked their money in safe havens.
As the home builders en masse continue to beg for a home buying stimulus from Congress that includes a government-subsidized mortgage rate buy-down, luxury home builder Toll Brothers is getting ahead of the game.
Hope for a modest recovery in the housing sector spurred by a recent decline in mortgage rates, seems to be a far fetched pipe dream.
The yen rose toward a 13-1/2 year high against the dollar and a seven-year peak versus the euro on Thursday. While the sterling fell again against the greenback, nearing $1.3618, its lowest since September 1985.
The companies claim they will, for a fee (which seems to be around $3000), get you through the red tape of lender/servicer modification programs and get you to a rate or payment that you can afford. Some are quite reputable, while others are total scams.
Global stocks were down again Wednesday on continued signs of trouble in the financial sector. Experts tell CNBC that there is more bad news to come.
I've been standing on Constitution Avenue since about 4AM, thinking about what our new President will do for America's battered housing market once he moves into HIS new house. As I waded into the crowd, my first question to each reveler I stopped was: "What should President Obama do first?"