Category Archives: Weekly Financial News

Expanding Social Security – Decreasing Inequality

Posted on April 16, 2015 by Popular Economics Weekly

Popular Economics Weekly What, you say? We should expand, not shrink, social security benefits in the face of horrendous budget deficits of late? Elizabeth Warren put into the Senate Budget proposal for 2015 an amendment to protect social security, and … Continue reading →

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Mortgage Delinquencies Close to Pre-Recession Lows.

Posted on April 7, 2015 by Popular Economics Weekly

The Mortgage Corner Calculated Risk reports Black Knight Financial Services (BKFS) released their Mortgage Monitor report for February on Monday. According to BKFS, 5.36 percent of mortgages were delinquent in February, down from 5.56 percent in January. BKFS reported that … Continue reading →

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A Lousy Jobs Report?

Posted on April 3, 2015 by Popular Economics Weekly

Popular Economics Weekly At first glance it looks like a lousy jobs report. It’s true the labor market has softened in several aspects. Payroll jobs increased just 126,000 in March after increases of 264,000 in February and 201,000 in January. … Continue reading →

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Housing In Recovery-Pending Home Sales Soar

Posted on April 2, 2015 by Popular Economics Weekly

The Mortgage Corner February Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 3.1 percent to 106.9 in February from a slight downward revision of 103.7 in January and is now 12.0 percent above February 2014 (95.4). … Continue reading →

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

Posted on March 30, 2015 by Popular Economics Weekly

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

Posted on March 28, 2015 by Popular Economics Weekly

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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Celebrating Our Great Society

Posted on March 22, 2015 by Popular Economics Weekly

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

Posted on March 19, 2015 by Popular Economics Weekly

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

Posted on March 16, 2015 by Popular Economics Weekly

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?

Posted on March 12, 2015 by Popular Economics Weekly

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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