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Mortgage Markets in Transition

Housing stocks got a boost on Wednesday following the announcement from the Federal Open Market Committee (FOMC) that the Federal Reserve would continue its $85 billion monthly asset purchases. That total includes $40 billion in purchases of mortgage-backed securities. The FOMC’s reasoning was spelled out in the meeting announcement: The Committee is maintaining its existing policy […]

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Apple Seals iPhone Deal With Japanese Carrier (AAPL)

With a new iPhone device on the horizon, Apple (AAPL) has announced a new deal that will bring the famed mobile device to Japan. Japan’s NTT DoCoMo will begin carrying the iPhone starting this fall as the firm looks to increase its number of contracts and deliver the long-awaited device to its customers. The deal […]

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