The Real Estate Connection

The federal government directly buttresses the mortgage industry through insurance and guarantee programs: FHA has an insured portfolio in excess of $1.2 trillion, Ginnie Mae guarantees over $2 trillion in securities backed by mortgages with FHA or other federal agencies, and Fannie Mae and Freddie Mac –government sponsored enterprises (GSEs) … Continue reading

The Players

Top Ten Economies, Real Gross Domestic Product (GDP)                                                 Real GDP       Manufacturing     Manufacturing                                     Trillions $            Percent               Trillions $                 United States          20.94                    11                       2.30                          China                        14.72                  27                       3.97                      Japan                        5.05                    20                       1.01 Germany                   3.84                    18                       0.64 United Kingdom        2.08                      9                       0.19 India                          2.66                    14                       0.37 France                       2.63                      9                       0.24 … Continue reading

Historical Record

Breton Woods Roots In 1944, with the approaching defeat of Germany all but certain, representatives of forty-four nations met in Bretton Woods, New Hampshire to create a new international monetary system. This Bretton Woods System, which became fully operational in 1958, was essentially a mechanism to settle international accounts in … Continue reading

Homes Too Expensive

They say all real estate is local, but the West has more recently been an indicator of what is to come for the rest of the nation. It was the first region to crash in the mid-2000’s and the first to show signs of recovery toward the end of the … Continue reading

Inside Countrywide

WorkingRE Magazine Interview: Appraiser Who Brought Down Countrywide By Isaac Peck, Associate Editor The U.S. housing bubble and the corresponding real estate market crash of 2007-2008 brought about one of the most severe economic downturns in America since the Great Depression. The fallout was extensive: banks failed, established companies declared … Continue reading

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