A word on blogging in the mortgage industry (and the final installment of The 31 Days of Rocktober)
October 2012
Today's Originations linkfest focuses on post hurricane mortgage and housing help for consumers.
Mortgage Applications data for last week is not available. Data for this week will have little meaning because of the storm. Employment Cost Index (3rdQ2012) ECI – Quarter/Quarter change 0.4%. Previous was +0.5% ECI – Year/Year change +2.0%. Previous was +1.7%. Looking at the components of Employment Cost: Year/Year wages and salaries are up 1.7%
FHA insures loans and Ginnie securitizes those loans. Here are the financial conditions of each.
As The 31 Days of Rocktober rolls into a Sandy week, tonight's pick is to wish well to those impacted. I hope you and your families stay safe.
Good chart and table on San Francisco development and sales activity.
Good chart and table on San Francisco development and sales activity.
Personal Income/Outlays (September 2012) Personal Income – Month/Month 0.4% Consumer Spending – Month/Month 0.8% PCE Price Index — Month/Month 0.4% Core PCE price index – Month/Month 0.1% PCE Price Index — Year/Year 1.7% Core PCE price index – Year/Year 1.7% The gains in spending were largely due to inflation. Dallas Fed Manufacturing Survey (October 2012)
Street Sweeper's Clap For The Killers is for 2012 champs. Enough said. Ticker tape parade 11am Halloween day.
An interesting historical note on a common mortgage term.
This 1966 song is considered one of the first psychedelic rock songs if not the first
Another big week including Case Shiller August home prices, BLS October Jobs report, 750 earnings reports
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