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Posts Tagged ‘ Debt ’

Thursday: Housing Starts, Philly Fed Mfg, Q4 Household Debt and Credit

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Thursday: Housing Starts, Philly Fed Mfg, Q4 Household Debt and Credit

From Matthew Graham at Mortgage News Daily: Mortgage Rates Approach 3-Week Highs Mortgage rates rose for the 5th day in a row following a higher reading in this morning’s inflation data and an upbeat Retail Sales report. … Today’s increase brings mortgage rates close to their highest level in 3 weeks. You’d have to...
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Tuesday: Job Openings, Q1 Household Debt and Credit Report

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Tuesday: Job Openings, Q1 Household Debt and Credit Report

A couple of posts on consumers … From Professor Hamilton at Econbrowser: Energy prices and consumer spending Whatever the explanation, the facts seem to be that, unlike what we usually observed historically, consumers have been using much of the gains from lower energy prices to bolster their saving rather than using it to increase...
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Fed: Q3 Household Debt Service Ratio near Record Low

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Fed: Q3 Household Debt Service Ratio near Record Low

The Fed’s Household Debt Service ratio through Q3 2014 was released two weeks ago: Household Debt Service and Financial Obligations Ratios. I used to track this quarterly back in 2005 and 2006 to point out that households were taking on excessive financial obligations. These ratios show the percent of disposable personal income (DPI) dedicated...
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WSJ: IMF report shows Greek Debt situation worse than expected

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WSJ: IMF report shows Greek Debt situation worse than expected

Not a surprise … from the WSJ: IMF Draft Sees Greek Debt Reaching 129% of GDP in 2020 The International Monetary Fund now expects Greece’s debt to reach 129% of the country’s gross domestic product in 2020 … That is even further above the level most economists consider sustainable than previously thought, making it...
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S&P downgrades PHH over debt repayment doubts

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S&P downgrades PHH over debt repayment doubts

PHH Corp. (PHH: 10.52 -5.31%) saw its stock plummet almost 15% Thursday after Standard & Poor's Ratings Services raised concern that the mortgage company will not be able to pay unsecured corporate debt. PHH's stock fell .91, or 14.67%, to close at .11. The stock is down 52% so far this year. S&P downgraded...
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White House to tackle housing reform after debt ceiling fight

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White House to tackle housing reform after debt ceiling fight

Once the tumultuous debt ceiling negotiations settle, Washington officials said the Obama administration will begin a revitalized effort to address lingering concerns in housing finance reform. When debt ceiling talks resolve remains a question. President Obama took to a town hall meeting Friday morning urging lawmakers to forge a deal, but the Senate rejected...
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Debt Ceiling Charade: Almost Over

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Debt Ceiling Charade: Almost Over

I’ve been hearing from more and more people that they are concerned about the debt ceiling negotiations. Many of these people are busy with their daily lives, and they don’t usually pay close attention to politics or budget issues. This concern is probably why consumer sentiment fell sharply in the Reuters / University of...
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Household debt decreased in 2010 due in part to default

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Household debt decreased in 2010 due in part to default

Outstanding mortgage debt continued to contract over 2010 reflecting a decreased appetite for homeownership, according to economic researchers at the Federal Reserve Bank of Cleveland. Mortgage debt outstanding in the fourth quarter was down 2.5% from the same period a year ago. Other forms of household debt also decreased due in part to people...
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Deloitte Financial names Bandolik director of distressed debt, asset practice

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Deloitte Financial names Bandolik director of distressed debt, asset practice

Steven Bandolik has joined Deloitte Financial Advisory Services as director of the company's distressed debt and asset practice. The company said Bandolik will develop tax, audit, and financial advisory and consulting services nationally. He said the real estate industry needs to return to the basics of managing hard assets and maintaining relationships. "Challenges need...
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Fidelity National Plans Debt as Sales Drop to Six-Week Low: New Bond Alert

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Fidelity National Plans Debt as Sales Drop to Six-Week Low: New Bond Alert

Pinnacle Notes Series 3 prospectus cover Image by Shiny Things Yet another exploding retail structured credit product. Fidelity National Plans Debt as Sales Drop to Six-Week Low: New Bond Alert Fidelity National Information plans to sell .2 billion of senior notes to help repurchase stock and to repay debt used to buy Metavante Technologies...
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