Homeowners in Great Shape; Buyers Aren't Giving Up; GSEs Still Winning; Rates Still Holding

Mortgage loan delinquencies were down from the third quarter of 2018 in the fourth quarter. The Mortgage Bankers Association (MBA) said the improvements held across all loan types and all stages of delinquency although there was a slight uptick in foreclosure starts. The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.06 percent of all loans outstanding, down 41 basis points (bps) from the third quarter and 111 bps from the fourth quarter of 2017 according to MBA’s National Delinquency Survey. The percentage of loans on which foreclosure actions were started in the fourth quarter rose by 2 bps to 0.25 percent but MBA said that was probably due to the expiration of foreclosure moratoria in states affected by natural
Homeowners in Great Shape; Buyers Aren't Giving Up; GSEs Still Winning; Rates Still Holding
Homeowners in Great Shape; Buyers Aren't Giving Up; GSEs Still Winning; Rates Still Holding

Consumer Sentiment Index beats February estimates with 95.5

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CNBC's Rick Santelli reports on the preliminary February read of the Consumer Sentiment Index.

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Consumer Sentiment Index beats February estimates with 95.5
Consumer Sentiment Index beats February estimates with 95.5

January industrial production down 0.6 percent

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CNBC's Rick Santelli reports on the January industrial production data.

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January industrial production down 0.6 percent
January industrial production down 0.6 percent

US-China trade talks to continue in Washington

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Treasury Secretary Steven Mnuchin and trade representative Robert Leitheiser are on their way back to D.C. following two days of trade discussions in Beijing. At the end of their visit in China, the two officials met with President Xi. President Xi has announced that the talks will continue in Washington and that the two sides had made some progress. CNBC's Eunice Yoon reports.

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US-China trade talks to continue in Washington
US-China trade talks to continue in Washington

Where Did Americans Move in 2018? [INFOGRAPHIC]

Where Did Americans Move in 2018? [INFOGRAPHIC] | Simplifying The Market

Where Did Americans Move in 2018? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Every year United Van Lines conducts their National Movers Study by tracking their customer’s movement state-to-state over the course of the year.
  • Vermont claimed the top spot of states with the highest percentage of inbound residents following a campaign that covered relocation costs for skilled workers who moved to the state.
  • The most common response for why someone relocated to another state was for a new job or company transfer.

Where Did Americans Move in 2018? [INFOGRAPHIC]
Where Did Americans Move in 2018? [INFOGRAPHIC]

Mortgage Bankers Estimate 29% Surge in New Home Sales; Retail Sales Data Returns; Rates Fall

While we have not yet seen figures from the Census Bureau for December let alone January, the Mortgage Bankers Association (MBA) is reporting a surge in new home sales last month. Information from MBA’s Builder Application Survey (BAS) indicates that those sales, while unchanged from January 2018, increased by 43 percent compared to December 2018. The change does not include any adjustment for typical seasonal patterns. On a seasonally adjusted basis, MBA estimates sales were at an annual rate of 713,000 units. This is an increase of 29.2 percent from the December estimate of 552,000 units. Before adjustment MBA estimates that there were 54,000 new home sales in January 2019, up 45.9 percent from 37,000 new home sales in December. Joel Kan, MBA’s Associate Vice President of Economic and Industry
Mortgage Bankers Estimate 29% Surge in New Home Sales; Retail Sales Data Returns; Rates Fall
Mortgage Bankers Estimate 29% Surge in New Home Sales; Retail Sales Data Returns; Rates Fall

JP Morgan rolling out its own cryptocurrency

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J.P. Morgan is rolling out the first US cryptocurrency backed by a bank. Engineers at the lender have created the "JPM Coin," a digital token that will be used to instantly settle transactions between clients of its wholesale payments business. While J.P. Morgan's Jamie Dimon has bashed bitcoin as a "fraud," the bank chief and his managers have consistently said blockchain and regulated digital currencies held promise.

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JP Morgan rolling out its own cryptocurrency
JP Morgan rolling out its own cryptocurrency

Fed governor: Some downside risks have increased

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Lael Brainard, Federal Reserve governor, joins CNBC's Steve Liesman to react to weaker than expected retail, what she sees as mounting downside risks, and slowing economic growth.

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Fed governor: Some downside risks have increased
Fed governor: Some downside risks have increased

Santelli Exchange: Jim Grant on the fed's balance sheet and negative interest rates

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Grant's Interest Rate Observer Founder and Editor Jim Grant and CNBC's Rick Santelli discuss the bond market in Europe.

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Santelli Exchange: Jim Grant on the fed's balance sheet and negative interest rates
Santelli Exchange: Jim Grant on the fed's balance sheet and negative interest rates

Business inventories for November miss estimates

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CNBC's Rick Santelli reports on business inventories for November, and the "Squawk on the Street" team discusses potential weakness in the economy.

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Business inventories for November miss estimates
Business inventories for November miss estimates