Written by Fannie Mae portfolio grows, delinquencies decline
Fannie Mae (FNMA.OB) expanded it mortgage portfolio in June, while the rate of late payments on loans it guarantees fell in May, the largest U.S. home loan purchaser said on Friday. READ MORE »
Posts in category Financial Markets
Pending Sales of Existing U.S. Homes Decrease 2.6%
The number of contracts to purchase previously owned houses unexpectedly fell in June, indicating demand kept unraveling after the expiration of a homebuyer tax credit. READ MORE »
WORLD FOREX: Dollar Falls Vs. Euro, Yen On Disappointing US Payrolls
The dollar dropped against the euro and yen Friday after disappointing U.S. jobs data sparked fresh worry over the pace of the economic recovery. READ MORE »
Treasury Two-Year Note Yield Near Record Low Before Fed’s Meeting Tomorrow
Treasury two-year note yields held at about the lowest on record amid speculation the Federal Reserve may consider additional stimulus to sustain the U.S. recovery. READ MORE »
U.S. Wholesale Inventories Rise Less-Than-Estimated 0.1%; Sales Fall 0.7%
Inventories at U.S. wholesalers rose less than forecast in June as companies kept stockpiles in line with slowing demand. READ MORE »