The number of states reporting increased unemployment declined in January, with the majority reporting a net increase in jobs, according to figures released today by the Labor Department.
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State Unemployment Rates Slow
The FDIC is looking at principal writedowns in its loss-share agreements with failed banks as a way to help at-risk homeowners avoid foreclosure, according to FDIC Chair Sheila Blair.
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FDIC’s Blair Touts Writedowns on Underwater Mortgages
Consumer spending rose by half a percent in January, even as disposable income fell by nearly the same margin, according to new figures released today by the Commerce Department.
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Consumer Spending, Manufacturing Show Gains
Average interest rates on 30-year mortgages dropped back below 5 percent this week, despite looming concerns over significant increases in the near future.
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Mortgage Rates Drop Back Below 5 Percent
Pending home sales and residential construction both posted significant increases in September, according to separate reports released today by the Commerce Department and National Association of Realtors (NAR), signaling that the housing market may be pulling out of its doldrums.
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[News] Home Sales, Residential Construction Increase
Personal incomes and spending fell in September, even as a rise in the gross domestic product has economists declaring that the recession has ended.
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[News] Personal Spending Falls Even as GDP Rises
The U.S. Senate has reached broad agreement on a bill to extend the $8,000 first-time homebuyer tax credit and offer a credit to existing homeowners as well, according to numerous media sources.
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[News] Senate Said to Agree on Extending Homebuyer Tax Credit
Virtually all credit cards offered online by major banks still include abusive practices that will be outlawed early next year, according to a new report from the Pew Charitable Trust.
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[News] Abusive Credit Card Pratices Increase Despite Law
U.S. home prices rose for the fourth consecutive month in August, according to the monthly Standard & Poors/Case Shiller Index, although rising unemployment and the pending expiration of the first-time homebuyer’s tax credit raise doubts about whether the trend can be sustained.
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[News] Case-Shiller: Home Prices Rising
A government program designed to help at-risk homeowners refinance their mortgages is struggling, even as conventional mortgage refinances have surged in response to historically low interest rates.
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[News] Government Mortgage Refinance Program Struggling