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Mortgage Loan Originations Lowest Since November 2008, Down 60% Year-Over-Year, Cash Sales Strong

MishTalk

2008 (down 60% Y/Y) Property sales remained relatively strong (total year 2013 was up 8.4% from 2012), supported by increased cash purchases (which accounted for more than 40% of Q4 sales) HARP origination volume has declined significantly (down 70% Y/Y), with fewer existing loans now eligible for the program: approx.

Sales 74
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Mish's Global Economic Trend Analysis: European Car Sales.

MishTalk

Minyanville Business and Market News. China Financial Markets. Market Oracle. Market Ticker. Real Clear Markets. European Car Sales Plunge to 20-Year low. in June, bringing total sales for the first six months of the year to just 6.44 Among the five largest markets, only the U.K. Sitka Pacific.

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Retail Sales Rise in Germany and France, Decline in Italy

MishTalk

Minyanville Business and Market News. China Financial Markets. Market Oracle. Market Ticker. Real Clear Markets. Retail Sales Rise in Germany and France, Decline in Italy; Margin Squeeze in Germany and France. Italy: Sharpest drop in retail sales since April. Sitka Pacific. Recent Posts. Big Picture.

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Mortgage REITs Clobbered as Leverage Forces Sales

MishTalk

Minyanville Business and Market News. China Financial Markets. Market Oracle. Market Ticker. Real Clear Markets. Mortgage REITs Clobbered as Leverage Forces Sales. The rise in yields have wreaked havoc in the bond markets and even more so in mortgage-related Real Estate Investment Trusts (REITs).

Sales 73
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Big Miss in Retail Sales vs. Expectations; Trend Change or Another

MishTalk

Minyanville Business and Market News. China Financial Markets. Market Oracle. Market Ticker. Real Clear Markets. Big Miss in Retail Sales vs. Expectations; Trend Change or Another "Soft Patch"? Retail sales were up 0.4% May retail sales were revised lower, to +0.5% Sales dropped 2.2

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Mish's Global Economic Trend Analysis: Jewel Food Store Amazing.

MishTalk

Minyanville Business and Market News. China Financial Markets. Market Oracle. Market Ticker. Real Clear Markets. Hormel Cure 81 hams were allegedly on sale for $3.99 Kim notified me "the sale price was $3.99" and it was reflected on the receipt. December 2008 (85). November 2008 (78).

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Mish's Global Economic Trend Analysis: About that "Beat the Street.

MishTalk

Minyanville Business and Market News. China Financial Markets. Market Oracle. Market Ticker. Real Clear Markets. Yet, the yoy rate of real final sales per capita is below 1% for the second quarter in a row, whereas the second quarter annualized rate is near contracting. December 2008 (85). Daily Bell.

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