Wall Street will be closely watching the Senate Banking Committee on Thursday as the nation’s top financial officials testify about the roll out of the Dodd-Frank Wall Street reform law.

Originally posted here:
Thursday’s Senate Banking Testimony – What to Expect

There’s really nobody out there in the mortgage market, other than Fannie and Freddie, and their loan limits as well as tight underwriting are pricing many potential buyers/borrowers out of the housing market.

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Is Government About to Make Mortgage Market Even Worse?

The David Tepper Rally has not yet turned into Tepper Rout in the markets—the major indexes are holding about where they went immediately following his remarks on CNBC—but his “win-win” analysis is taking a drubbing.

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Is the ‘Tepper Rally’ for Real? Some Big-Name Critics Say No

Reports on consumer confidence and home price data, and the Treasury’s $35 billion auction of 5-year notes are events that will be watched by financial markets Tuesday.

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Bond Auction, Consumer & Housing Data on Tap Tuesday

The central banks of the euro zone plus Sweden and Switzerland are bound by the Central Bank Gold Agreement, which caps their collective sales. The Financial Times reports.

The rest is here:
European Central Banks Halt Sales of Gold as Price Rises

The top Republican in the U.S. House of Representatives said Congress should settle the issue of whether to extend tax cuts now rather than leave it until after November elections.

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Decide Whether to Extend Tax Cuts Now: GOP’s Boehner

The recent admission by a major mortgage lender that it had filed dubious foreclosure documents is likely to fuel a furor against hasty foreclosures, the New York Times reports.

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GMAC’s Errors Leave Many Foreclosures in Question

Health insurer stocks are poised to rise on Republican gains in November’s U.S. congressional election, even as experts taking a longer view see little quick relief from the recent healthcare law.

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Election Bounce Anticipated For US Health Insurer Stocks

Buoyed by the busiest August in more than a decade, global mergers and acquisitions have risen 21 percent so far this year, with stable activity in the U.S.

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Deals Come Back in Third Quarter, Outlook Still Cautious

New U.S. claims for unemployment benefits rose unexpectedly last week, government data showed on Thursday, highlighting continued labor market weakness.

Continued here:
Weekly Claims Back Up for First Increase in 3 Weeks