Monthly Archives: May 2015

IRS Data Theft and Russia’s Red Notice

It has to be more than a coincidence that the recent cyber theft of IRS tax data has been traced to Russian criminals. IRS investigators believe the identity thieves who stole the personal tax information of more than 100,000 taxpayers … Continue reading

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New-Home Sales, Case Shiller Index On the Rise

The Mortgage Corner–II As if to confirm U.S. housing starts and building permits’ jump to their highest levels in nearly 7-1/2 years, the sales rate of new single-family houses in April 2015 rose even higher at a seasonally adjusted annual … Continue reading

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Higher Minimum Wage Strengthens Labor Unions

Popular Economics Weekly Unions may have been weakened by Republican efforts to abolish labor’s collective bargaining power, (in order to weaken their support of Democratic Party policies), but that may be changing as unions have found a new cause—working to … Continue reading

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Housing Construction Surge—Sign of Better Times?

The Mortgage Corner U.S. housing starts jumped to their highest level in nearly 7-1/2 years in April and permits soared, hopeful signs for an economy that is struggling to regain strong momentum after a dismal first quarter. And that is … Continue reading

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Dr. Robert Shiller–Why the Weak Recovery?

Popular Economics Weekly Nobelist Robert Shiller, winner of the Nobel for his research in Behavioral Economics, or the psychology that drives economic behavior, has come up with the latest reason this economic recovery has been so weak to date. GDP … Continue reading

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Fannie and Freddie Didn’t Do It!

Financial FAQs As if further confirmation was needed that Fannie Mae and Freddie Mac were not even a minor cause of the housing bubble and consequent bust, the latest judgment against Nomura Securities for selling fraudulent mortgages to Fannie and … Continue reading

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2015 Housing Construction Will Surge

The Mortgage Corner We believe housing construction is about to bloom this spring, due to growing employment. For starters, an additional 45,000 construction jobs were added to nonfarm payrolls in April. This is even though construction spending to date has … Continue reading

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