Monthly Archives: May 2013

Saving Fannie and Freddie—Part II

Financial FAQs The Federal Housing Finance Authority that supervises the so-called Government Supervised Enterprises (GSE), now including Fannie Mae and Freddie Mac, just announced restrictions that not only weaken Fannie and Freddie’s mandate, but the mortgage and housing markets in … Continue reading

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Bank Lending Still Stingy

The Mortgage Corner The Federal Reserve just published its quarterly Senior Loan Officer survey on lending standards by the largest banks. They basically adhere to the strictest Fannie Mae and Freddie Mac guidelines for residential loans, such as minimum 620 … Continue reading

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Payrolls Rising with Lower Labor Productivity

Popular Economics Weekly Suddenly it looks like the U.S. economy isn’t stalling. Total nonfarm payroll employment rose by 165,000 in April, and the unemployment rate fell slightly to 7.5 percent from 7.6 percent in March, reported the U.S. Bureau of … Continue reading

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Austerinomics, the Anti-Growth Orthodoxy

Financial FAQs The Federal Reserve Open Market Committee has just said it in the press release from its latest committee meeting in an otherwise ‘moderately’ upbeat announcement: “Household spending and business fixed investment advanced, and the housing sector has strengthened … Continue reading

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Housing Is Definitely Recovering

The Mortgage Corner In spite of warnings from such as Robert Shiller of Irrational Exuberance fame that housing values could remain stagnant over the next ten years, housing prices are making a comeback, which is boosting economic growth. Some of … Continue reading

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