Mortgage Market Updates

	Sunday Night Futures
	There are no major economic releases scheduled for Monday. Atlanta Fed President Dennis Lockhart speaks in Tokyo on monetary policy at 5:15 AM ET, and at 8:30 AM, the Chicago Fed National Activity Index for April is scheduled to be released. The Asian markets are mixed tonight. The Nikkei is up about 0.3%, and the Shanghai Composite is down 0.4%. On China, here is a worri

	Comment: We need more and better data, not less
	The Depression led to an effort to enhance and expand data collection on employment, and I was hoping the housing bubble and bust would lead to a similar effort to collect better housing related data. From the BLS history: [T]he growing crisis [the Depression], spurred action on improving employment statistics. In July [1930], Congress enacted a bill s

	The Real Estate Agent Bust
	Way back in 2005, I posted a graph of "the Real Estate Agent Boom". I saw the following article, and decided to update the graph of the number of real estate licensees in California. Eric Wolff at the NC Times writes:

	Unofficial Problem Bank list increases to 928 Institutions
	This is an unofficial list of Problem Banks compiled only from public sources. Here is the unofficial problem bank list for May 18, 2012. (table is sortable by assets, state, etc.) Changes and comments from surferdude808: The OCC released its actions through mid-April 2012, which contributed to many changes in the Unofficial Problem Bank List

	Quarterly Housing Starts by Intent compared to New Home Sales
	We can't directly compare single family housing starts to new home sales. For starts of single family structures, the Census Bureau includes owner built units and units built for rent that are not included in the new home sales report. For an explanation, see from the Census Bureau: Comparing New Home Sales and New Residential Construction We are often a

	Schedule for Week of May 20th
	Earlier: • Summary for Week Ending May 18th There are two key housing reports to be released this week: April existing home sales on Tuesday, and April new home sales on Wednesday. Other key reports include durable goods on Thursday, and two regional manufacturing surveys. Note: The FDIC might release the Q

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