Tag: unemployment

ISM Correction Heartburn
June 2, 2014 0

ISM Correction Heartburn

By News Desk

ISM Correction Heartburn ISM twice revised its manufacturing numbers today, then issued this Correction Notice . ISM ® has discovered an error in its software programming for calculating the May 2014 Manufacturing PMI ® that was released at 10 a.m. ET this morning

Over 40% of Nearly 2 Million Modified Loans Facing Resets are Underwater
June 2, 2014 0

Over 40% of Nearly 2 Million Modified Loans Facing Resets are Underwater

By News Desk

Black Knight’s April Mortgage Monitor shows almost 2 million modifications face interest rate resets, and 40 percent of those resets are underwater. Email News Release "We have seen a continual reduction in the number of underwater borrowers at the national level for some time now, but modified loans show a different picture," said Kostya Gradushy, Black Knight’s manager of Loan Data and Customer Analytics. "While the national negative equity rate as of April stands at 9.4 percent of active mortgages, the share of underwater modified loans facing interest rate resets is much higher — over 40 percent

Japan Orders and Output Decline Second Month; Does it Mean Anything?
June 2, 2014 0

Japan Orders and Output Decline Second Month; Does it Mean Anything?

By News Desk

Rate of job creation eases Summary:  Japanese manufacturing firms saw a decline in output for the second month running in May alongside a con tinued fall in new orders and new export orders. That said, rates of decline for both new orders and output eased from those seen in April. Employment numbers grew in May for the tenth month running, albeit at a slower pace