Economic Reports 03/23/07
Existing Home Sales Feb 6.69M vs prior 6.44M Full Report
Inside the number: seasonally adjusted rise of 3.9%, however, Yoy sales down -3.6%.
Inventory rising 5.9% to 3.75M, Yoy inventories balloning +25.6% and median sales price falling 1.3%
Freddie Mac, the US mortgage finance provider, lost $480m in Q4. The loss was the 2nd in a row for the GSE, after losing $500m in Q3.
It compares with net income of $684m in Q4 of the previous year. What will happen when the derivatives based MBS losses start racking up on FNMA and FHLMC later this year?
Inside the number: seasonally adjusted rise of 3.9%, however, Yoy sales down -3.6%.
Inventory rising 5.9% to 3.75M, Yoy inventories balloning +25.6% and median sales price falling 1.3%
Freddie Mac, the US mortgage finance provider, lost $480m in Q4. The loss was the 2nd in a row for the GSE, after losing $500m in Q3.
It compares with net income of $684m in Q4 of the previous year. What will happen when the derivatives based MBS losses start racking up on FNMA and FHLMC later this year?
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