From Bloomberg this morning as stocks tumble: “This is a systemic financial crisis, there is no end to it,” Nouriel Roubini, professor of economics and international business at New York University, told Bloomberg Television. “It’s a vicious circle between a contracting economy and greater credit and financial losses feeding on the economy.” President Bush reminds [...]

If you think last week was a turbulent and volatile week for mortgage rates then brace yourself for the coming week. There are many important reports coming out this week, here is a sampling: Monday January 28th: New Homes Sale Tuesday Jan. 29: Durable Goods Orders Tuesday Jan. 29: Consumer Confidence Wednesday Jan 30: Chain [...]