Monthly Archives: November 2014

Republicans Just Don’t Get It–II

Financial FAQs Why don’t Republicans get it? The 11 million illegal immigrants who have lived and raised families in the U.S. is the latest millstone around their necks that derails any hope of a Republican presidency. Last year a bi-partisan … Continue reading

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Republicans Just Don’t Get It

Financial FAQs There is a reason why it has taken so long to emerge from the Great Recession. And the Republican leaders of the House and Senate with their new majorities exemplify why we have barely emerged from it. They … Continue reading

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Housing Picks Up, Builder Confidence Highest in 7 Years

The Mortgage Corner Builders are most optimistic about single family homes, and the youngest adults are finally beginning to leave their parents’ nest, apparently. The National Association of Home Builders/Wells Fargo gauge rose four points to 58 in November, near … Continue reading

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Mortgage Delinquency and Foreclosure Rates Lowest Since 2007

The Mortgage Corner The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 5.85 percent of all loans outstanding at the end of the third quarter of 2014. This is approaching the historical … Continue reading

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Retail Sales, Consumer Sentiment Boosting Holiday Cheer

Popular Economics Weekly Retail Sales are growing again, and U. of Michigan survey of consumer sentiment is also spiking at the right time of year for holiday sales. That’s because job openings and hires in the September JOLTS report are … Continue reading

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California’s Budget Surplus Leads to Credit Upgrade

Popular Economics Weekly A day after voters passed Proposition 2, which creates a “rainy day fund” to cushion the state budget from future economic downturns, major credit-rating house Standard & Poor’s on Wednesday upgraded California’s general obligation bond rating. S&P … Continue reading

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Jobless Rate Falls to 5.8 Percent—Why be unhappy?

Financial FAQs Weekly Nonfarm payroll jobs advanced 214,000 in October after gaining 256,000 September and 203,000 in August. Net revisions for August and September were up 31,000. The unemployment rate dipped to 5.8 percent in October from 5.9 percent in … Continue reading

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