Category Archives: housing market

Employment Report Means Holiday Cheers!

Posted on November 12, 2011 by Popular Economics Weekly

Popular Economics Weekly Not only were the employment numbers for the past 3 months much higher than originally estimated, but job openings are growing. All we need now is for consumers’ credit conditions to ease to bring back their confidence. … Continue reading →

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What will Boost Real Estate?

Posted on October 2, 2011 by Popular Economics Weekly

The Mortgage Corner Never in my 30 years as a Mortgage Banker did I think I would see interest rates this low—as low as during Harry Truman’s Presidency. Yet very few homeowners are able to take advantage of those rates, … Continue reading →

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Don’t Blame Fannie and Freddie…

Posted on July 20, 2011 by Popular Economics Weekly

The Mortgage Corner Please don’t blame Fannie Mae and Freddie Mac, guarantors of most of the housing market’s conventional mortgages and reason the housing market continues to function at all, for the housing bust. The bust was caused by the … Continue reading →

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It’s Basic Economics, Stupid!

Posted on June 10, 2011 by Popular Economics Weekly

Popular Economics Weekly What was the reason for Fed Chairman Bernanke’s almost pathetic plea to understand real world economics, in his latest speech at the Atlanta IMF Conference? He said in essence that the Fed is caught between worries about … Continue reading →

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What to do with 30-year Mortgages?

Posted on March 24, 2011 by Popular Economics Weekly

The Mortgage Corner Are 30-year mortgages a thing of the past? If so, too bad. Much of the debate over the future of Fannie Mae and Freddie Mac revolves around whether their main product—the 30-year mortgage—will disappear if Fannie and … Continue reading →

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Mortgage Delinquencies are Falling

Posted on February 19, 2011 by Popular Economics Weekly

The Mortgage Corner Mortgage delinquencies are declining—the kind that tell us we may be seeing an end to falling real estate prices. That is, there are fewer 30-day late payments, which are the first indicator of trouble leading to short … Continue reading →

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