Category Archives: News You Can Use

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Market Watch: Forget the Wall Street carnage: To read the economy, look at how much Americans are eating out

Posted on by Phil Querin

Published: Oct 14, 2018 10:57 a.m. ET By JEFFRYBARTASH REPORTER **** “A good way to tell how Americans are feeling is to look at what they spend on restaurants. “Those are wants and not needs,” noted senior economist Jennifer Lee at BMO Capital Markets. Put another way, people dine out more when the economy is doing […]

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Posted in Economic News, Miscellany, News You Can Use | Tagged

Mortgage Professor: “Daily Interest: A Festering Sore in Consumer Loan Markets”

Posted on by Phil Querin

[Jack M.Guttentag is Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania and author of The Mortgage Encyclopedia. Throughout his career, Professor Guttentag has been concerned with the difficulties faced by consumers in the home loan market.] Question: What do home mortgage loans including second mortgage loans, retail installment loans, automobile loans, home improvement […]

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Posted in News You Can Use, Realtor Risk Management | Tagged

Inman News: White House wants to privatize Fannie Mae and Freddie Mac

Posted on by Phil Querin

The plan is designed to reduce taxpayer risk while creating a more competitive secondary market for mortgages BY PATRICK KEARNS | Staff Writer JUN 22 The Trump administration is proposing a sweeping reform of how the federal government supports housing finance by calling for the full privatization of mortgage-backed securities giants Fannie Mae and Freddie Mac and a reduction of […]

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Posted in Miscellany, News You Can Use

PBJ: Why almost no one is making a profit in Oregon cannabis 

Posted on by Phil Querin

By Pete Danko  – Staff Reporter, Portland Business Journal – Aug 1, 2018, 4:51pm PDT Updated Aug 1, 2018, 4:56pm Nobody is making any money. That might not be literally true, but in interviews with a wide range of people in the Oregon cannabis industry recently, it was a phrase heard over and over again. It’s not […]

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Posted in Miscellany, News You Can Use

Forbes: Here’s What Impacted The June Quarter’s GDP Growth

Posted on by Phil Querin

Chuck Jones Contributor | Jul 28, 2018, 12:08pm The Bureau of Economic Analysis at the U.S. Department of Commerce announced that the U.S. economy grew at a 4.1% annual rate in the June quarter. This is the highest rate since June 2014’s quarter result of 5.1%. The 4.1% is a solid increase from the March quarter’s 2.2%, but a […]

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Posted in Miscellany, News You Can Use | Tagged

MarketWatch: Dow reclaims 25,000 mark, Nasdaq ends at record as earnings get under way

Posted on by Phil Querin

Published: July 13, 2018 5:01 p.m. ET Financials retreat after bank earnings By SUECHANG MARKETS REPORTER  |   RYAN VLASTELICA  MARKETS REPORTER The Dow on Friday reclaimed its perch above the 25,000 level for the first time in nearly a month while the technology-powered Nasdaq to a record, underlining an uptrend that has been driven by signs of […]

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Mortgage Professor: “Home Ownership Is Not For Everyone”

Posted on by Phil Querin

[Jack M.Guttentag is Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania and author of The Mortgage Encyclopedia. Throughout his career, Professor Guttentag has been concerned with the difficulties faced by consumers in the home loan market.] The homeownership rate has been increasing recently following more than 10 years of decline.  According to […]

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Posted in Miscellany, News You Can Use, Realtor Risk Management

Calculated Risk: CPI increased 0.1% in June, Core CPI increased 0.2%

Posted on by Phil Querin

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in June on a seasonally adjusted basis after rising 0.2 percent in May, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 2.9 percent before seasonal adjustment. The indexes for shelter, gasoline, and food all rose […]

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Posted in Economic News, Miscellany, News You Can Use

MarketWatch:Dow reclaims 25,000 mark, Nasdaq ends at record as earnings get under way

Posted on by Phil Querin

Published: July 13, 2018 5:01 p.m. ET Financials retreat after bank earnings By SUE CHANG  MARKETS REPORTER By RYAN VLASTELICA MARKETS REPORTER The Dow on Friday reclaimed its perch above the 25,000 level for the first time in nearly a month while the technology-powered Nasdaq to a record, underlining an uptrend that has been driven by signs of economic strength […]

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Posted in Miscellany, News You Can Use | Tagged

Housing Wire: FOMC minutes reveal Fed not concerned by growing global economic disruptions

Posted on by Phil Querin

Expects to continue raising rates in near future July 5, 2018  Kelsey Ramírez The Federal Open Market Committee released the minutes from its June meeting Thursday, where the committee elected to raise interest rates for the second time in 2018. The minutes showed the Federal Reserve is not concerned about the rising threat of a trade war or other economic […]

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