Greek stocks plummet as bond yield surge threatens bailout exit

By Marius Zaharia and Angeliki Koutantou LONDON/ATHENS (Reuters) – Greek stocks on Wednesday posted their biggest one-day loss since the height of the euro zone crisis, while bond yields soared to levels that threatened to derail government plans to quit an international bailout a year early. Ten-year government …

Federal Reserve to adopt bank risk retention rule next week

WASHINGTON (Reuters) – The U.S. Federal Reserve will meet next week to adopt a rule requiring that banks keep some risk on their books when they sell loans, addressing a crucial issue that helped set off the 2007-09 credit crisis. The Fed said it will meet on Oct. 22 to adopt the …

Data processor sparks governance row at U.S. exchanges

By Herbert Lash NEW YORK (Reuters) – Outcries over a conflict of interest involving data processors central to securities trading could lead the New York Stock Exchange and Nasdaq to loosen their decades-long grip over a lucrative backwater of the U.S. stock market. A lobby for the brokerage industry …

U.S. retail sales, producer prices give cautionary signs on economy

By Jason Lange WASHINGTON (Reuters) – U.S. retail sales declined in September as consumers pulled back on spending for a range of items, a worrisome economic signal that helped fuel a sell-off on Wall Street. The report on Wednesday, along with data showing a drop in producer prices, led …

U.S. mortgage applications drop in latest week: MBA

NEW YORK (Reuters) – Applications for U.S. home mortgages fell sharply last week as interest rates increased, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 9.2 percent in the week ended …

U.S. mortgage applications fall in latest week: MBA

NEW YORK (Reuters) – Applications for U.S. home mortgages fell last week as both purchase and refinancing applications dipped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 1.0 percent in the …

U.S. housing turning the corner, inflation creeping up

By Lucia Mutikani WASHINGTON (Reuters) – U.S. home resales hit an eight month-high in June, suggesting the housing market was gradually regaining momentum and would help the economy to stay on a higher growth path this year. The third straight month of home sales gains, reported by the National …

Mortgage applications fall in latest week: MBA

NEW YORK (Reuters) – Applications for U.S. home mortgages slipped last week as refinancing applications dropped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 2.2 percent in the week ended July 25. …

Canadian housing starts rise in July, bucking forecasts

By Andrea Hopkins TORONTO (Reuters) – Canadian housing starts bucked forecasts and rose in July, data on Monday showed, but analysts said the recent resumption of the housing market's upward drive is likely to falter if mortgage rates rise as expected heading into 2015. Canada Mortgage and Housing Corp said the …

U.S. housing, jobs data bolster economic outlook

The National Association of Realtors said existing home sales increased 2.4 percent to an annual rate of 5.15 million units. Home resales have now increased for four straight months after the housing market recovery stalled in the second half of 2013 following a run-up in mortgage rates. In a separate report, the …

Canadian housing starts cool in August, seen moderating further

By Andrea Hopkins TORONTO (Reuters) – Canadian housing starts cooled more than expected in August, while the previous month was also revised slightly lower, data showed on Tuesday, setting the stage for what is widely expected to be a slowing housing market as 2014 draws to a close. A report from the …

U.S. mortgage applications fall to lowest since Dec 2000: MBA

The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 7.2 percent in the week ended Sept. 5. Fixed 30-year mortgage rates averaged 4.27 percent in the week, up from 4.25 percent the week before.