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Monthly Archives: November 2016
GDP Growth, Consumer Confidence Soar
Financial FAQs The economy grew at the fastest pace in over two years in the third quarter, as consumers, business investment and government increased spending. Gross domestic product expanded at a 3.2 percent annual rate in the Commerce Department’s second … Continue reading
Conforming Mortgage Limits Rise for 2017
Financial FAQs The Federal Housing Finance Authority, or FHFA, just announced it is increasing the limit for conforming mortgages from $417,000 to $424,100 in most regions of the United States starting Jan. 1, 2017—the first such increase since 2006. The … Continue reading
Posted in Consumers, Housing, Weekly Financial News
Tagged conforming loans, Fannie Mae, FHFA, Freddie Mac, mortgage limits, mortgage rates
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Conforming Mortgage Limits Rise for 2017
Financial FAQs The Federal Housing Finance Authority, or FHFA, just announced it is increasing the limit for conforming mortgages from $417,000 to $424,100 in most regions of the United States starting Jan. 1, 2017—the first such increase since 2006. This … Continue reading
The Real Donald Trump—Part II
Popular Economics Weekly President-elect Donald Trump is about to move into the White House. This is the man who has become a case-study and text book model of Narcissism for Psycho Therapists. Narcissistic personality disorder (NPD) as defined by Wikipedia, … Continue reading
Housing Starts, Home Sales ‘Yuge’
The Mortgage Corner Housing starts surged 25.5 percent in October to a 1.323 million annualized rate. This is the best rate of the cycle since August 2007 with the monthly percentage gain the strongest since 1982, says Econoday. It and … Continue reading
Record Retail Sales, Higher Growth Ahead?
Financial FAQs It looks like Q4 GDP could be higher than the Third Quarter’s initial estimate of 2.9 percent growth. That’s because retail sales and wholesale inventories, both major contributors to growth, are surging. Retail sales jumped 0.8 percent in … Continue reading
Will Prez-Elect Trump Now Settle His Federal Racketeering Charges?
Popular Economics Weekly Donald Trump, among his many court battles, has three civil lawsuits that accuse him, his eponymous school, the university’s former president, and an LLC behind the venture of fraud, breach of contract, false advertising and racketeering, a … Continue reading
Posted in Economy, Politics, Weekly Financial News
Tagged Donald Trump, Judge Gonzalo Curiel, RICO Act, Trump University
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