Monthly Archives: March 2014

No Relief Yet With Pending Sales

The Mortgage Corner We can’t yet count on Pending Home Sales, a predictor of closings in 60 to 90 days, to predict a boost to this year’s sales. They have been falling since last July, and the last spike in … Continue reading

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Greenspan’s Greed and The Federal Deficit

Popular Economics Weekly The deficit this year is expected to be $514 billion— just 3 percent the size of the economy and significantly less than the $1.4 trillion deficit Congress ran up when it pumped stimulus into the economy in … Continue reading

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What’s Happened to New-Home Sales?

The Financial FAQs Sales of new single-family houses in February 2014 were at a seasonally adjusted annual rate of 440,000, according to U.S. Census Bureau and the Department of Housing and Urban Development estimates. This is 3.3 percent below the … Continue reading

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So Fannie and Freddie Weren’t the Problem…

Popular Economics Weekly We are learning just how much mortgage fraud was committed by 17 national and international banks and other financial entities that the Federal Housing Finance Authority (FHFA) originally sued to recover some $200 billion in losses to … Continue reading

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What Did Janet Yellen and FOMC Really Say?

Popular Economics Weekly The moment that the Federal Reserve’s FOMC meeting ended, and its comments were released, interest rates rose. Why? Because bond-holders and currency traders in particular (the dollar exchange rate rose, also), believed that the Fed could raise … Continue reading

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Will Housing Starts Save Inventories?

The Mortgage Corner Will new housing construction improve the very low inventory levels that are restricting housing sales? It is hard to know at present if this slowdown is due more to the severe winter weather, lack of inventory, or … Continue reading

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Losing Fannie and Freddie—A Terrible Idea

Financial FAQs There was a reason Fannie Mae (Federal National Mortgage Association) and Freddy Mac (Federal Home loan Mortgage Corporation) were government created entities, before they became private corporations in the 1970s.  They encouraged homeownership at a time when owning … Continue reading

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