120,000: The number of jobs added in November 2011. This brought unemployment down by 0.4 percent, the lowest level since March 2009. Read full article »
Tag archives for Unemployment
Cold, Hard Numbers: 120,000
Economy Headed for a Fundamental Paradigm Shift
Economists speaking at the Insured Retirement Institute (IRI) annual conference said that America’s economy and the global economy are headed for a “fundamental paradigm shift” as the two stabilize. “Rich countries are running deficits…and liabilities,” explained CEO of PIMCO Mohammed El-Erian, while “GDP in developing nations tend to stay in positive territory during periods of turbulence.” He added that high Read full article »
IMF Economists: Stricter Regulation on Lending Could Have Prevented the Housing Crisis
According to a study by economists at the International Monetary Fund (IMF), stricter regulation of lending by non-bank mortgage originators could have prevented the housing bust. The authors of the study, Jihad Dagher and Ning Fu, both analysts for the fund, say that their studies show that “independent, non-bank lending increased in nearly all counties across the United States during Read full article »
Bank of America Could Lay Off 40,000
Bank of America is back in the news. This time, they’re thinking of making a major contribution to the nation’s unemployment numbers with a restructuring plan that could eliminate as many as 40,000 jobs in the first phase alone. In August, BofA CEO Brian Moynihan warned of coming cuts, but predicted less than a tenth of this new projection. Moynihan Read full article »
Fewer Part-Time Workers Looking for Full-Time Work
According to a recent report by the Labor Department, while unemployment numbers remain problematic, underemployment is not “as bad as it used to be.” Why? Because it turns out a lot of part-time employees like staying at home for “personal reasons” and are choosing to continue to do so rather than seek full-time employment. Last September, 9.5 million part-time workers Read full article »
The Politics of Real Estate
Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.
Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.
Mortgage Industry News
Few things change more rapidly than the mortgage market, and with the increasing dominance of GSE's Fannie Mae and Freddie Mac over the mortgage business, it's more important than ever to keep up. Here are a few recent mortgage news updates:
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Mortgage News
- HAMP Success Tally Slowly Growing
- Western States Working Through Foreclosure Backlog Quicker than Eastern
- Biggest Down Payments in the Country Found in New Jersey
- President Bypasses Congress, Appoints Director of the Consumer Protection Bureau
- Federal Reserve Recommends Expanding GSEs to Turn Housing Market Around
- Mortgage Rates Likely to Remain Low for a While Longer
- Top Former FDIC, Wells Fargo Execs Say Fannie and Freddie Must Go
- FHA Continues to Extend Anti-Flipping Waiver
- More Homeowners Using Delaying Tactics to Slow Down Foreclosures
- Now that It’s Passed: The True Cost of the Payroll Tax Cut
About Bryan Ellis
Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.
Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.
Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.
