Daily Archive: Wednesday, January 9, 2008

Countrywide fundings up

Another sign of a possible October/November bottom: Countrywide fundings inch higher CALABASAS, Calif. (AP) – Countrywide Financial Corp., the nation’s largest mortgage lender, said Wednesday its December loan fundings rose 1 percent from November and were ahead of internal forecasts. The stock, which lost nearly a third of its value on Tuesday ...Read More

2008-01-09 US Economic Releases

MBA Mortgage Applications (Jan 4) Survey n/a Actual 32.2% Prior -11.6% Revised n/a As expected, purchase applications sprung back after the annual fall of in late Dec. Markets were concerned this wouldn’t happen this year. Refi index up indicates market functioning returning here as well. 30 year mtg rate down to 5.73% ...Read More

2008-01-09 EU Highlights

Fed will take heat for conducting a weak $, beggar thy neighbor, inflate your way out of debt policy, as it will be seen US exports are robbing demand from eurozone, while price pressures rise, spreading stagflation around the world. Highlights: ♦ Europe’s Economic Expansion Exceeds Earlier Estimate ♦ German Output, Exports, ...Read More