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Schedule for Week of June 11, 2017

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Schedule for Week of June 11, 2017

The key economic reports this week are May Housing Starts, Retail Sales and the Consumer Price Index (CPI). For manufacturing, May industrial production, and the June New York, and Philly Fed manufacturing surveys, will be released this week. The FOMC meets this week and is expected to announce a 25bps increase in the Fed Funds rate. —– Monday,...
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CoreLogic: “3.1 million Homes were still in negative equity” at end of Q1 2017

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CoreLogic: “3.1 million Homes were still in negative equity” at end of Q1 2017

From CoreLogic: CoreLogic® Reports Nearly 9 Million Borrowers Have Regained Equity Since the Height of the Crisis in 2011 Rising home prices led to improvements in home equity, with 91 thousand residential properties regaining equity in Q1 2017. The number of mortgaged residential properties with equity is now at 48.2 million. An additional 0.6...
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CoreLogic: House Prices up 6.9% Year-over-year in April

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CoreLogic: House Prices up 6.9% Year-over-year in April

Notes: This CoreLogic House Price Index report is for April. The recent Case-Shiller index release was for March. The CoreLogic HPI is a three month weighted average and is not seasonally adjusted (NSA). From CoreLogic: CoreLogic US Home Price Report Shows Prices Up 6.9 Percent in April 2017 Home prices nationwide, including distressed sales,...
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Schedule for Week of June 4, 2017

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Schedule for Week of June 4, 2017

This will be a light week for economic data. On Thursday, the ECB meets and former FBI director James Comey is schedule to testify before the Senate intelligence committee. —– Monday, June 5th —–10:00 AM: the ISM non-Manufacturing Index for May. The consensus is for index to decrease to 57.0 from 57.5 in April. 10:00 AM...
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Friday: Employment Report, Trade Deficit

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Friday: Employment Report, Trade Deficit

Earlier: My May Employment Preview and Goldman: May Employment Preview Friday:• At 8:30 AM ET, Employment Report for May. The consensus is for an increase of 185,000 non-farm payroll jobs added in May, down from the 211,000 non-farm payroll jobs added in April. The consensus is for the unemployment rate to be unchanged at 4.4%....
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Wednesday: Chicago PMI, Pending Home Sales, Beige Book

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Wednesday: Chicago PMI, Pending Home Sales, Beige Book

From Matthew Graham at Mortgage News Daily: Mortgage Rates Sideways Near Long-Term Lows Mortgage rates remained relatively unchanged again today.  This continues the sideways trend leading into Memorial Day weekend.  As the current week progresses, we can expect to see volatility increase thanks to the presence of more significant economic data. For what it’s worth,...
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May 2017: Unofficial Problem Bank list declines to 140 Institutions

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May 2017: Unofficial Problem Bank list declines to 140 Institutions

This is an unofficial list of Problem Banks compiled only from public sources. Here is the unofficial problem bank list for May 2017. Changes and comments from surferdude808: Update on the Unofficial Problem Bank List for May 2017.  During the month, the list dropped from 148 to 140 institutions after nine removals and one...
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Thursday: Unemployment Claims

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Thursday: Unemployment Claims

Some interesting analysis from Josh Lehner at the Oregon Office of Economic Analysis: States at Full Employment, A Prime-Age EPOP Story The key economic question economists are trying to answer today is whether or not the U.S. economy is at full employment. Given it is more a concept then a hard calculation, you look for signs in the...
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Tuesday: New Home Sales

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Tuesday: New Home Sales

From Matthew Graham at Mortgage News Daily: Low and Sideways, Mortgage Rates Play Waiting Game Mortgage rates were slightly higher for the 3rd straight day, continuing a modest bounce back from the year’s lowest rates last Wednesday. … While the general movement in rates has been slightly higher, it hasn’t lifted rates much above 2017′s lows....
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