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The GDP growth rate in the first quarter, which was reported to be an annual rate of minus 0.2 percent in the  BEA's third and final estimate released in late June , was revised upwardly and reported on Thursday to be 0.6 percent. "These results are in line with years past when we have had a very weak first quarters followed by more normal second quarters," said Mark Fleming, Chief Economist with First American. "The quarter-over-quarter jump isn't a signal of rebounding, but is simply a return to more normal rates of growth. The 2.3 percent rate for the second quarter is probably in line with where we will land at the end of the year—2.3 percent for 2015." The Q2 increase in real GDP reflected "positive contributions from personal consumption expenditures (PCE), exports, state and local government spending, and residential fixed investment that were partly offset by negative contributions from federal government spending, private inventory in...

The  J.D. Power   2015 U.S. Primary Mortgage Servicer Satisfaction study  released Thursday found that servicers are spending too much time and resources focusing on at-risk customers, negatively impacting satisfaction for the majority of their customers. "While servicers must be prepared to work within the confines of industry regulations, they must also effectively satisfy customers whose expectations regarding technology and personal service are rapidly changing," the survey said. "To meet these challenges and remain competitive, mortgage servicers need to understand and implement key best practices that have the greatest potential to reduce or prevent problems, contain costs, and create positive customer experiences that improve brand perceptions and minimize oversight risk." At-risk customers, those that J.D. Power defines currently behind in their mortgage payments or concerned about keeping current during the next year, represent only 15 percent o...

The hearing, titled " Dodd-Frank Five Years Later: Are We More Prosperous? ", included witnesses   Phil Gramm , Senior Partner with U.S. Policy Metrics and former U.S. Senator;   R. Bradley Miller , Of Counsel with Grais & Ellsworth and a former member of Congress; and   Peter Wallison , Arthur F. Burns Fellow in Financial Policy Studies, American Enterprise Institute. A recurring theme at the hearing was that Dodd-Frank represented overregulation which has stifled economic recovery rather than accelerated it as was intended. rank Act on American prosperity, freedom, and financial stability five years after the controversial law was enacted took place in the  House Financial Services Committee  on Tuesday. "By any measure we are today experiencing the weakest recovery of a post-war era," Gramm said. "Had this recovery simply matched the strength of the average of the other ten recoveries since World War II, 14.4 million more Americans would be w...

What Sun Tzu says about the cause of failure Here is the list of common fears from one survey in 1977 asked to 3000 Americans: The 14 Worst Human Fears :  1) Speaking before a group  2) Heights 3) Insects and bugs 4) Financial Problems 5) Deep water 6) Sickness 7) Death 8) Flying 9) Loneliness 10) Dogs 11) Driving/riding in a car 12) Darkness 13) Elevators 14) Escalators Failure is a part of life, the goal is to minimize those failures.    Justin Lee Thayer is Lane counties expert in market analysis for real estate investors. Call Justin @ 541-543-7287 CLICK HERE TO VISIT THE TEAM THAYER WEBSITE Sharing is caring use the social buttons below to share this post

While much has been written and said in the last two weeks on the fifth anniversary of the passing of Dodd-Frank into law,  HUD  is celebrating an anniversary of its own on Tuesday. July 28 marks exactly one year since former San Antonio mayor Julián Castro was sworn in as HUD secretary, succeeding Shaun Donovan. In addition to celebrating Castro's one-year anniversary as HUD secretary, HUD will commemorate the 50th anniversary of its founding on September 9. During his first year as the nation's top housing official, Castro has made several policy changes with the intent of increasing opportunity for more Americans to obtain affordable, sustainable housing. Several of those changes are outlined in an announcement from HUD on Monday titled " Year of Progress: Delivering on the Promise of Opportunity ." "We recognize housing as a platform for Americans who are striving to improve their lives and break the cycle of poverty for the next generation," H...

Add caption Fannie Mae  is now providing an enhanced single-family loan performance dataset in order to offer greater transparency in advance of the Enterprise moving to an actual loss framework for the Connecticut Avenue Series (CAS) risk sharing transactions,  according to an announcement  from Fannie Mae on Wednesday. Features of the enhanced dataset include information on credit performance up to, and including, property disposition. The credit information the new dataset provides includes event dates, the costs incurred by the credit event, and recovery proceeds that Fannie Mae receives. Fannie Mae estimates it could move to the actual loss framework  for the CAS transactions as soon as the fourth quarter this year. "Proactively providing this research data is an important step to prepare the market for our move to an actual loss structure for CAS deals later this year and supports market participants in further modeling the credit risk of Fannie Mae...

House prices inched up 0.4 percent in May, on a seasonally adjusted basis from the previous month, according to the  Federal Housing Finance Agency’s  monthly House Price Index. The previous month was revised up from 0.3 percent percent change in April to instead reflect a 0.4 percent change. Then index is based on home sales price information from mortgages sold to or guaranteed by  Fannie Mae  and  Freddie Mac . From May 2014 to May 2015, house prices were up 5.7 percent. For comparison, the U.S. index is 1.8 percent below its March 2007 peak and is roughly the same as the April 2006 index level.  For the nine census divisions, seasonally adjusted monthly price changes from April 2015 to May 2015 ranged from -0.6 percent in the East South Central division to 1.1 percent in the East North Central division. In addition, the 12-month changes were all positive, ranging from +0.9 percent in the M...