News release: “The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 7.58 percent of all loans outstanding as of the end of the fourth quarter of 2011, a decrease of 41 basis points from the third quarter of 2011, and a decrease of 67 basis points from one year ago, according to the Mortgage Bankers Associations (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate decreased five basis points to 8.15 percent this quarter from 8.20 percent last quarter. The percentage of loans on which foreclosure actions were started during the third quarter was 0.99 percent, down nine basis points from last quarter and down 28 basis points from one year ago. The delinquency rate includes loans that are at least one payment past due but does not include loans in the process of foreclosure. The percentage of loans in the foreclosure process at the end of the fourth quarter was 4.38 percent, down five basis points from the third quarter and 26 basis points lower than one year ago. The serious delinquency rate, the percentage of loans that are 90 days or more past due or in the process of foreclosure, was 7.73 percent, a decrease of 16 basis points from last quarter, and a decrease of 87 basis points from the fourth quarter of last year.”
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Daily Archives: February 16, 2012
BusinessUSA Launches – connects businesses to services and information relevant to them
“Today President Obama announced the launch of BusinessUSA, a virtual one-stop-shop that makes it easier for America’s businesses to access the services and information they need to help them grow, hire, and export. Get help starting, growing, and financing a business, or learn more about expanding your market and becoming more globally competitive through exporting.” Continue Reading
FTC Report Raises Privacy Questions About Mobile Applications for Children
News release: “The Federal Trade Commission today issued a staff report showing the results of a survey of mobile apps for children. The survey shows that neither the app stores nor the app developers provide the information parents need to determine what data is being collected from their children, how it is being shared, or… Continue Reading
Understanding and Responding to Persistently High Unemployment
Understanding and Responding to Persistently High Unemployment: “The rate of unemployment in the United States has exceeded 8 percent since February 2009, and CBO projects that it will remain above 8 percent until 2014. Slack demand for goods and services is the primary reason for the persistently high levels of unemployment observed today. When demand… Continue Reading
New GAO Reports: National Nuclear Security, Natural Gas Transmission Pipelines, Senate Preservation Fund, Workforce Investment Act
Air Traffic Control Modernization – Management Challenges Associated with Program Costs and Schedules Could Hinder NextGen Implementation, GAO-12-223, February 16, 2012 National Nuclear Security Administration Observations on NNSA’s Management and Oversight of the Nuclear Security Enterprise, GAO-12-473T, February 16, 2012 Energy – Safety Effects of Less Prescriptive Requirements for Low-Stress Natural Gas Transmission Pipelines Are… Continue Reading
Cost Estimate for H.R. 3630, Middle Class Tax Relief and Jobs Creation Act of 2012
“The Congressional Budget Office (CBO) and the staff of the Joint Committee on Taxation (JCT) have reviewed the conference agreement for H.R. 3630, the Middle Class Tax Relief and Job Creation Act of 2012, as posted on the Web site of the House Committee on Rules on February 16, 2012. The attached table provides CBOs… Continue Reading
Models Used by the Military Services to Develop Budgets for Activities Associated with Operational Readiness
“The Congress directed CBO to review the modeling techniques that the military services use to generate their budget request for activities associated with operational readiness. CBO focused on identifying models used to inform the operating forces portion of the services’ base budgets for operation and maintenance. CBO included only those models used at the services’… Continue Reading
Department of Transportation Proposes 'Distraction' Guidelines for Automakers
Follow up to postings on driving distractions and texting, this news: “U.S. Transportation Secretary Ray LaHood today announced the first-ever federally proposed guidelines to encourage automobile manufacturers to limit the distraction risk for in-vehicle electronic devices. The proposed voluntary guidelines would apply to communications, entertainment, information gathering and navigation devices or functions that are not… Continue Reading
Keeping Americas Pipelines Safe and Secure: Key Issues for Congress
CRS – Keeping Americas Pipelines Safe and Secure: Key Issues for Congress, Paul W. Parfomak, Specialist in Energy and Infrastructure Policy, February 13, 2012 “Nearly half a million miles of pipeline transporting natural gas, oil, and other hazardous liquids crisscross the United States. While an efficient and fundamentally safe means of transport, many pipelines carry… Continue Reading
Stochastic Herding in Financial Markets Evidence from Institutional Investor Equity Portfolios
Stochastic Herding in Financial Markets Evidence from Institutional Investor Equity Portfolios by Makoto Nirei, Theodoros Stamatiou and Vladyslav Sushko, BIS Working Papers No 371, February 2012 “We estimate a structural model of herding behavior in which feedback arises due to mutual concerns of traders over the unobservable “true” level of market liquidity. In a herding… Continue Reading
Pew – The Rise of Intermarriage Rates, Characteristics Vary by Race and Gender
The Rise of Intermarriage – Rates, Characteristics Vary by Race and Gender, by Wendy Wang “This report analyzes the demographic and economic characteristics of newlyweds who marry spouses of a different race or ethnicity, and compares the traits of those who marry out with those who marry in. The newlywed pairs are grouped by the… Continue Reading
