Who is Core Logic? From Wikipedia, the free encyclopedia
CoreLogic, Inc. (NYSE: CLGX) is an Irvine, CA-based corporation providing financial, property and consumer information, analytics and business intelligence. The company analyzes information assets and data to provide clients with analytics and customized data services. The company also develops proprietary research, and tracks current and historical trends in a number of categories, including consumer credit, capital markets, real estate, fraud, regulatory compliance, natural hazards, and disaster projections. The company reported 2015 revenue of $1.5B.
Below is the news when it happened and the market’s reaction. For a full view of the day start at the bottom and work your way up. If want to know what just happened start at the top. All Times are Eastern Standard Time. When the price of Mortgage Backed Securities (MBS) goes down rates go up, and when the price goes up rates come down. Remember in the bond market Bad News is Good News and Good News is Bad news.
3:55 PM The 10-yr T Note yield closed at 2.43% on Friday, hit 2.51% early this morning, and now at 2.44%.
3:47 PM Stocks pushing higher into the close of trading, Dow +100 points.
2:56 PM Not much movement in MBS for the past few hours.
12:54 PM At midday, MBS well off early lows. Stocks well off highs as oil prices fall into negative territory.
12:40 PM The Dow is now up 28 points, well below the 160 point gain seen earlier in the session as oil trades from a high of $55.24 to the current price of $52.42/barrel., -$1.30.
11:45 AM MBS continue to edge higher, cutting most losses.
11:30 AM Zillow reports that the total value of U.S. housing grew to a total of $29.6 trillion in 2016, marking an all-time high.
11:22 AM MBS able to push to session highs, though still underwater.
10:58 AM Stocks giving up gains. Dow was +160 points, now +70.
10:06 AM The December ISM Manufacturing Index at 54.7 vs the 53.6 expected and up from 53.2 in November.
10:05 AM MBS back at session lows.
9:46 AM MBS bounce off lows.
9:40 AM Stocks open sharply higher, Dow + 150 points.
9:39 AM CoreLogic reports that home prices, including distressed sales, rose 7.1% from November 2015 to November 2016.
9:05 AM The only economic report due for release today is the December ISM Manufacturing Index at 10:00 a.m.m ET.
9:01 AM U.S. dollar index 103.42, +1.13.
9:01 AM WTI oil $55.03/barrel, +1.31.
8:52 AM 10-yr T Note yield 2.50% from Friday's close of 2.43%.
8:50 AM MBS open lower after last week's week rally as global Stocks push higher after positive economic news out of Europe.
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