Home foreclosures start to tail off, MBA says

Date: Fri, 19 Feb 2010 12:00:51 -0500

HOME FORECLOSURES START TO TAIL OFF, MBA SAYS
The bankers association report shows possible signs that the
foreclosure crisis that has gripped many of the nation's housing
markets is starting to ease.

FINANCIALS TAKE FED MOVE IN STRIDE; SCHWAB RISES
The Federal Reserve's surprise move to raise the interest rate it
charges banks that borrow directly from it didn't rattle the financial
sector on Friday as shares of online brokers rose on an analyst
upgrade.

CORE INFLATION DROPS ON FALLING HOUSING COSTS
With shelter costs dropping sharply, U.S. core consumer prices fall a
seasonally adjusted 0.1% in January, the first decline since 1982, the
Labor Department estimates.

TIGER WOODS BLAMES THE MEDIA, OF COURSE
Tiger Woods blamed the media, of course, during his somber, 15-minute
address Friday morning.

FED LOOKS IMPATIENT IN WAKE OF DISCOUNT RATE HIKE
The move by the Federal Reserve to hike the discount rate on Thursday
afternoon makes the central bank look a little more impatient today
than it appeared 24 hours ago.