Kill Fannie and Freddie

Seven years later, fundamental problems with the system—especially the roles of Fannie Mae and Freddie Mac—remain unreformed. If today’s presidential candidates want to engage in a policy debate that affects the lives of nearly all Americans, this is it. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/34837-ed-demarco-kill-fannie-mae-and-freddie-mac
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Millennials are trying to avoid debt at all costs:  http://www.businessinsider.com/millennials-avoid-debt-at-all-costs-2015-8 -- John Mauldin in Business Insider
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Shared by Mirjana Jesensek, Canterbury England

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The number of homes that have recorded yearly declines in value of at least 2% has risen sharply, according to Weiss Residential Research. -- Any Peters in Origination News http://www.nationalmortgagenews.com/news/origination/number-of-homes-losing-value-rises-sharply-weiss-1059376-1.html
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Nat'l Real Estate Post:
FHA says it is loosening the required FICO score for borrowers, but the way they plan to do it sounds like the requirements will tighten instead. http://thenationalrealestatepost.com/fha-going-for-lower-fico-scores/
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Shared by Gia Huy Au Duong, Rain in Saigon, Vietnam

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Real gross domestic product (GDP) increased at an annual rate of 3.7 percent in the second quarter of 2015, according to today’s second estimate.  -- US Department of Commerce

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Personal income in July 2015 increased 0.4 percent. Nominal personal consumption expenditures (PCE) increased 0.3 percent. Real PCE increased 0.2. Nominal disposable personal income (DPI) increased 0.5 percent.  Real DPI increased 0.4 percent. The personal saving rate as a percentage of DPI was 4.9 percent in July. -- Department of Commerce

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Shared and taken by Dieter Birr, Neues Rathaus München City hall Munich

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Nat'l Real Estate Post:
Realtors are not making much money.  There are those few who are, but most are not. Less than 11% of women make more than $100,000 per year in real estate. But, 43% of women say they make their money in real estate.   http://thenationalrealestatepost.com/fascinating-realtor-income-stats-released-by-nar/
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Auto loans are up, foreclosures are down. -- Federal Reserve Bank of New York
http://www.newyorkfed.org/microeconomics/hhdc.html#/2015/q2
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Shared by James Harrison, Morocco

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Sales of new single-family houses in July 2015 were at a seasonally adjusted annual rate of 507,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.4 percent (±14.8%)* above the revised June rate of 481,000 and is 25.8 percent (±22.6%) above the July 2014 estimate of 403,000. -- Department of Commerce
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Josephine Country Cat
Chapter 8
Josephine has a Visitor

Josephine hissed and ran to the dark place under the head of Jerry’s bed. Jerry had brought a strange cat to her home! She heard the strange cat walk across the floor. She smelled his wet fur. How dare he act as if he lived in her house! As she peeked out from under the bedspread toward the living room, she saw him sniff his way into the kitchen. Sugar was large, white and long haired. He would make two of Josephine. She heard the can opener and the smell of tuna floated toward her. Her tummy rumbled. She crept toward the kitchen, crouching low to the floor. Peeking around the doorway, she hissed. He was lapping her tuna juice! She hissed again and ran back to the bedroom and hid under the bed. She absolutely refused to go into the kitchen with a strange cat.

Buy Josephine Country Cat!

https://www.createspace.com/5552704

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