Mark Zandi News
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Jim Brown, owner of JWB Properties LLC, says community banks called him almost every day in 2006 trying to lend him money. Now, his homebuilding business in Atlanta can’t get a loan.
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Dentral Smith had to say no when her granddaughter asked for a treat on the way home from school. The government’s cut in unemployment payments leaves her with less spending money.
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Six years after the start of the foreclosure crisis, American homeowners are paying their mortgages like the housing crash never happened.
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U.S. Treasury Secretary Jacob J. Lew will meet tonight with Wall Street executives after convening several economists earlier this week to discuss challenges facing the labor market including long-term unemployment.
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Companies added fewer workers than forecast in April, an indication the labor market has cooled along with the rest of the U.S. economy.
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Like a horror movie with multiple sequels, The Economy: Spring Swoon IV probably won’t be as surprising or as scary as its predecessors.
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Edward J. DeMarco, who has served as acting director of the Federal Housing Finance Agency since 2009, gave a Senate panel an update today on the FHFA’s oversight of Fannie Mae and Freddie Mac. It’s unclear how much longer he’ll be guiding those efforts.
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Nine overseas finance officials urged U.S. Treasury Secretary Jacob J. Lew to limit the cross- border reach of Dodd-Frank Act swaps rules that they say are fragmenting the $639 trillion global market.
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Employers in March added the fewest workers in nine months and the jobless rate fell to a four-year low as the share of Americans in the labor force slumped, marking a pause in the job-market recovery.
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Jason Schmitt lost his $90,000-a- year job at an oil rig in 2009. The bank repossessed his Tulsa, Oklahoma home and the former Army combat engineer went bankrupt. Last month, after moving with his family to his Missouri hometown, he got a Veterans Administration mortgage that lets borrowers buy property just two years after a foreclosure.
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