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A lot of people are nervous about what they are reading in the newspaper and hearing on TV. But how can you blame them? The media is bombarding people with reports about the housing decline and the sub-prime mortgage mess. However, Chief ECONOMIST for the National Mortgage Bankers Association,...
While the "adverse effects" the Fed expressed concern about may ultimately show themselves, the collective economic picture has been fair to even pretty good, overall. Even with recent revisions suggesting that hiring remains soft, there has been no outright decline in hiring, and reasonably full...
Now that the Fed's move to lower interest rates has been more fully digested, inflation concerns have arisen anew. Joining gold and oil in flashing inflation signals have come other commodities, notably corn and now wheat. Core measures of inflation, which exclude much of the effects of the risin...
The Federal Housing Administration will prohibit borrowers from using seller-financed down payment assistance programs that have helped hundreds of thousands of people buy homes but have come under the scrutiny of federal authorities. Such programs allow home sellers to give money to charities, w...