Category Archives: Weekly Financial News

Conforming Loan Limits Won’t Decline in 2014

Posted on November 28, 2013 by Popular Economics Weekly

The Mortgage Corner The Federal Housing Finance Agency has just announced it is keeping conforming loan limits at the same level in 2014 for most areas in the country. Fannie Mae and Freddie Mac can guarantee mortgages up to $417,000 … Continue reading →

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What Should We Be Thankful For?

Posted on November 26, 2013 by Popular Economics Weekly

Financial FAQs There is still much we can be thankful for this Thanksgiving, in spite of tax raises and government spending cuts that affect mostly the poorest—whether it’s less food stamps, early child care, environmental protection, and maybe even fewer … Continue reading →

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Equality Is Good For Everyone!

Posted on November 21, 2013 by Popular Economics Weekly

Popular Economics Weekly It looks like some states are beginning to take the equality issue seriously again. Massachusetts just raised their minimum wage to $10 per hour, California is raising it to $8.25 over 2 years, with New Jersey and … Continue reading →

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Is Builder Optimism, New Home Construction Faltering?

Posted on November 19, 2013 by Popular Economics Weekly

The Mortgage Corner Will new-home construction falter, now that interest rates are rising and consumers remain unsettled over Washington’s political gridlock that prevents any legislation being passed that would aid economic growth? Builder confidence in the market for newly built, … Continue reading →

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Why Do We Have Two Countries?”

Posted on November 14, 2013 by Popular Economics Weekly

Popular Economics Weekly   Former CIA assistant director Mike Morell lamented on a recent CBS 60 Minutes that he didn’t understand why congressional Democrats and Republicans couldn’t work together to boost economic growth for “the good of the country” when … Continue reading →

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Thanks For Nothing, Washington!

Posted on November 7, 2013 by Popular Economics Weekly

Financial FAQs Democrats have bought the Republican lie that Democrats were the big spenders, it seems, with the draconian federal budget cuts enacted over the past 2 years. But recent statistics show it’s been the Republicans since 1980 that created … Continue reading →

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Mortgage Delinquencies Continue to Decline

Posted on November 5, 2013 by Popular Economics Weekly

The Mortgage Corner The good news is that foreclosure rates continue to fall, though delinquencies more than 90 days late are fluctuating with the season, according to Lender Processing Services (LPS) in their Mortgage Monitor report for September. According to … Continue reading →

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Consumer Debt At Record Lows

Posted on November 1, 2013 by Popular Economics Weekly

Financial FAQs The Federal Reserve just released the Q2 2013 Household Debt Service and Financial Obligations Ratios. The overall Debt Service Ratio decreased in Q2 2013, and is just above the record low set in Q4 2012 thanks to very … Continue reading →

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Why Isn’t Washington Working “For the good of the Country?”

Posted on October 29, 2013 by Popular Economics Weekly

Popular Economics Weekly If we really want to know what is depressing consumers, look at how Congress is tied up in knots over the debt ceiling and spending losses from sequestration cuts–$109 billion per year, according to labor economist Jared … Continue reading →

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Conforming Mortgage Limit Reductions Postponed

Posted on October 25, 2013 by Popular Economics Weekly

The Mortgage Corner Federal officials will delay any reduction in the maximum size of home-mortgage loans eligible for backing by Fannie Mae and Freddie Mac until next spring at the earliest, said FHFA Administrator Ed DeMarco in a Wall Street … Continue reading →

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