The two-year-old U.S. housing recovery is faltering.
Melvin Watt, the overseer of Fannie Mae and Freddie Mac, broke five months of silence to help boost lending as slowing sales threatens the housing recovery.
This was supposed to be the year that U.S. mortgage rates soared. Instead, they’re retreating.
Dire warnings about impending defaults in the municipal-bond market are overblown, an economist and analyst told a group of the nation’s governors.
Mark Zandi, chief economist at Moody’s Analytics Inc., raised his forecast for U.S. economic growth in the first quarter after a report yesterday showed the trade deficit in February narrowed more than forecast.
"It's so bizarre I do not put any weight on it."
- Mark Zandi on Jul 17, 2014
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