Home >> Tag Archives: Economic Growth (page 2)

Tag Archives: Economic Growth

PMI’s Benefiting From Economic Growth, Affordability, & Credit Quality

U.S. private mortgage insurers are expected to continue benefiting from economic growth, good house price affordability, and strong mortgage credit quality. According to Moody's Investors Service, PMIs have been positioned in a favorable housing finance environment that will allow them to reap the benefits in the industry, even if the Federal Reserve increases interest rates.

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Despite Q1 GDP Contraction Housing and Economy Outlook Remain Positive

In its second of three estimates of real gross domestic product (GDP) growth for the first quarter released Friday, the U.S. Bureau of Economic Analysis (BEA) issued a downward revision of what analysts had already deemed "paltry" growth of 0.2 percent in the advance estimate for Q1 reported at the end of April. According to the BEA's second estimate for Q1, which is based on more complete source data than were available for the advance estimate, the GDP contracted at an annual rate of minus 0.7 percent.

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Economy Faces Weak Q1 but Expected to Improve

According to the Mortgage Bankers Association’s Economic and Mortgage Finance commentary for May 2015 written by Joel Kan, associate VP, industry survey and forecasts at MBA, economic growth struggled its way through the first quarter.

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Consumer Sentiment Shows Dramatic Drop

Consumer sentiment dropped substantially in the first May reading in the University of Michigan'sConsumer Sentiment Index, from 95.9 in April down to 88.6, its lowest level since October of last year.

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