Monthly Archives: March 2015

Why Doesn’t Government Want Fannie, Freddie to Succeed?

The Mortgage Corner At a time when the housing market is just beginning to recover, the US Treasury wants to close down Fannie Mae and Freddie Mac, the two GSEntities under government conservatorship. Counselor to the Secretary for Housing Finance … Continue reading

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New Home Sales Surging

The Mortgage Corner New U.S. homes sold at an annual rate of 539,000 in February to mark the best month of sales in seven years, the government reported Tuesday. The pace of sales for January was also revised up sharply … Continue reading

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A Ted Cruz Presidency?

Financial FAQs Texas Senator Ted Cruz is about to announce his candidacy for the 2016 presidential campaign. What would his presidency look like, if he were elected? “Mr. Cruz has also begun championing a message of economic populism,” said the … Continue reading

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Celebrating Our Great Society

Popular Economics Weekly We are in the midst of celebrating the 50th anniversary of President Johnson’s Great Society, enacted for the most part from 1964-66, perhaps the greatest legislative achievement of any president since FDR and the New Deal. We … Continue reading

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Labor Force Participation Improving

Popular Economics Weekly One lament by Fed Chairperson Janet Yellen and others has been the low labor participation rate of the prime-age workers—those 25 to 54 year-olds that have dropped out of the labor force, or are working part time.  … Continue reading

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2014 Household Formation Rebounds

Financial FAQs Breaking news. The latest Homeownership & Vacancy Survey, released by the Census Bureau, estimated household formation surged to 1.7 million in 2014 from 400,000 the previous year. That is really big news. Household formation, which is the bottom … Continue reading

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Will 2015 Interest Rates Remain This Low?

The Mortgage Corner Record low interest rates are holding, in spite of the latest stock market selloffs, and may remain low throughout 2015. Why? Oil prices are still below $50/barrel, and overall prices are falling throughout the developed world. The … Continue reading

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