ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Housing Market Intro and Summary June’s housing market showed some evidence of slight cooling with the Spring selling season in its late stages. July’s housing data showed a widening divergence in fortunes between an on-going decline in existing single-family home sales and resilient activity for new single-family homes. Enveloping both markets are elevated pricing pressures. … Read more
On January 9, 2017, the Federal Housing Authority (FHA), run by the Department of Housing and Urban Development (HUD), announced a cut in the premium homebuyers pay for mortgage insurance. This policy change has the distinction of being one of the first, if not THE first, reversals of the post-Obama era (the L.A. Times reported … Read more
The Washington Post issued an alarming article today titled “Housing Agency’s Cash Reserves Will Drop Below Requirement.” In what seems like yet another case of “here we go again,” Federal Housing Authority (FHA) Commissioner David H. Stevens tells us not to worry about his agency’s dwindling reserves even as mortgage delinquencies rise. The Post explains … Read more