Team Thayer Property Servicing

Via: DSNews.com Economic growth in the second quarter fell short of July expectations, presenting a less promising outlook for the rest of the year, according to  Fannie Mae’s August 2015 Economic and Housing Outlook . Although the government revised higher economic growth for the first quarter, the disappointing performance of second quarter growth and less optimistic prospects for the current quarter put the full-year 2015 growth outlook at 2.1 percent—the same as in Fannie Mae's prior forecast. The upward revision to first quarter growth by the federal government was offset mostly by a drop in nonresidential investment in equipment and structures. Housing, consumer spending, and government spending are likely to be the largest drivers of growth this year, according to the outlook. Housing data was mixed in June, but all main indicators increased during the first six months of the year compared to the same period last year. This supports Fannie Mae's expec...

Stronge r-than-expected economic activity for the second quarter will drive accelerated economic growth for the second half of 2015, according to the July 2015 Economic Outlook released Thursday by Fannie Mae 's  Economic & Strategic Research (ESR) Group . The U.S. economy  contracted at an annualized rate of 0.2 percent  in the third and final Q1 estimate from the  Bureau of Economic Analysis  released in late June. Improved conditions in Q2 were driven by increases in consumer spending and residential and nonresidential investments, combined with a waning drag from net exports, according to Fannie Mae. In the July Economic Outlook, Fannie Mae expects the economy to pick up to an annualized rate of 2.8 percent in Q2, which is 0.4 percentage points higher than the June estimate. Despite volatile economic conditions overseas that could pose headwinds to the U.S. economy, the ESR Group's estimate for full-year economic growth in July is an annualized ...

The  Federal Reserve Board  announced that the aggregate financial sector liabilities  equaled approximately $21.6 trillion, according to the Fed's first-ever determination of aggregate consolidated liabilities for all financial companies  released on Wednesday . According to the Fed, the amount of total liabilities for the financial sector – $21,632,232,035,000 – will measure the aggregate consolidated liabilities for the purpose of section 622 of the Dodd-Frank Act for a one-year period from July 1, 2015, through June 30, 2016. Section 622 of Dodd-Frank, implemented by the Board's Regulation XX, prohibits a merger between two financial companies or one financial company from acquiring another if the resulting merged company's liabilities exceed 10 percent of the aggregate financial sector liabilities. Insured depository institutions, bank holding companies, savings and loan holding companies, foreign banking organizations, companies that control insured de...