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  Trump candidate for US Supreme calls Trump’s criticism of Federal Judges “disappointing” and “demoralizing”

  Trump candidate for US Supreme calls Trump’s criticism of Federal Judges “disappointing” and “demoralizing”

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Donald Trump appointed Neil Gorsuch to fill the vacancy in the US Supreme Court, and said on Wednesday that his criticism of federal judges and to the judicial branch were “disappointing” and “demoralizing,” as confirmed His spokesman. “He expressed his disappointment at the demoralizing and abhorrent comments that President Trump has made on the judicial system,” Democratic Sen. Richard Blumenthal told reporters today after meeting privately with Gorsuch. Ron Bonjean, a spokesman for Gorsuch, later confirmed to CNN and other…

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Will the McMansion Ever Die?

Will the McMansion Ever Die?

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In the U.S., new houses are bigger than ever, and truck and SUV sales are climbing back. McMansions with giant SUVs parked in the driveway were pretty much the epitome of middle class excess during the housing bubble. Then gas prices spiked, the crash came, and both houses and cars shrank a bit as Americans turned thrifty.  But old habits die hard. While consumers aren’t buying nearly as many houses or autos as they were before the recession, those who…

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Fannie Mae Makes Good on Dividend Payments to U.S. Treasury

Fannie Mae Makes Good on Dividend Payments to U.S. Treasury

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Profits at Fannie Mae, a government-sponsored entity (GSE) dedicated to guaranteeing mortgages originated in the United States, have been very positive lately. Instead of reinvesting or distributing the profits among Wall Street investors, however, Fannie Mae will be transferring dividends to the U.S. Treasury. Fannie Mae has been under government conservatorship since late 2008. At that time, Fannie Mae and its sister GSE Freddie Mac were the subject of a massive financial collapse related to the early 21st century housing…

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Five Myths About The Federal Housing Administration

Five Myths About The Federal Housing Administration

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(AEI) – The Senate Banking Committee held a hearing recently to discuss the Independent Foreclosure Review, the goal of which is to identify borrowers who suffered financial harm because of errors in their foreclosure processing. Congress could have done better by helping families avoid foreclosure in the first place, but how? Congress should recognize that for the past 37 years the Federal Housing Administration has been the foreclosure leader. Foreclosures used to be rare in the U.S. — even for…

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Five Myths About The Federal Housing Administration

Five Myths About The Federal Housing Administration

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(AEI) – The Senate Banking Committee held a hearing recently to discuss the Independent Foreclosure Review, the goal of which is to identify borrowers who suffered financial harm because of errors in their foreclosure processing. Congress could have done better by helping families avoid foreclosure in the first place, but how? Congress should recognize that for the past 37 years the Federal Housing Administration has been the foreclosure leader. Foreclosures used to be rare in the U.S. — even for…

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The New Breed of First-Time Home Buyers

The New Breed of First-Time Home Buyers

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They are young, tech-savvy, debt-burdened, and cash-strapped. The entire American housing market economy depends on their participation, but the credit markets see them with apprehension. They are the elusive first-time home buyers; the missing, yet uncertain element in a full-blown recovery of the real estate market in the United States.  A generally accepted assumption of real estate macroeconomics estimates that 40 percent of housing market participants must be first-time home buyers so that the market can be efficient and beneficial…

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