The House of Representatives has been spending the afternoon debating a bill that would restrict subprime lending, require licensing for brokers and loan officers, and institute a broad series of other reforms.
Read Congress talks mortgages (Links)
I'm at the annual convention of the National Association of Realtors in Las Vegas where a vendor has raised the bar in brochure box technology.
Read Brochure boxes evolve (Links)
This week there are two important economic reports that could move mortgage rates: the producer price index and the consumer price index.
Read Reports could move rates (Links)
Ben Bernanke, chairman of the Federal Reserve, says stagflation could become a real danger (as if it isn't here already).
Read Stagflation rears its head (Links)
Shopping for a mortgage to buy your first piece of property together? How long should you wait to put in an offer?
Read Many questions, few answers (Links)
The economy added a net 166,000 jobs in October, according to the Labor Department. That's about twice as high as the consensus forecast. It's the best job growth since May. The unemployment rate stays at 4.7 percent.
Read Jobs report says 'blah' (Links)
This week's economic calendar is probably the fullest, most consequential of the year.
Read Busy week on the calendar (Links)
Houses and cups of lemonade -- more are sold in warm weather. Some months historically have higher sales than other months and that's why they have to be seasonally adjusted.
Read Seasons and fire claims (Links)
I'm told that California insurers will abide by the 2004 law that says that they can't drop a policyholder after a disaster.
Read Pants on fire? Let's hope not (Links)
We should ignore this business about "sales pace" when it comes to new home sales. It's an unreliable number during a period of declining sales.
Read Lemonade and the abyss (Links)
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