Job gains feed the housing recovery

Social and Economic Effects of the Great Recession. In the two-year recovery, public sector job losses have canceled out 40% of the private sector job gains, and government workforces are likely to be under pressure for some time to come.

Mortgage rates hit all-time lows (again) "Interest rates on fixed-rate mortgages and the 5-year hybrid arm fell once again to all-time record lows this week in a period where the economy struggles to gain momentum and inflation remains.

Even after factoring in Friday’s weak jobs report. benefit from ten years of gains, while poorer people had to get by on.

JPMorgan raises home price forecast, sees long road to recovery Regulators approve volcker rule after years of deliberation Regulators Finally Approve Volcker Rule Trading Ban: Lawyers. – It probably wasn’t exactly what Paul Volcker had in mind four years ago when he suggested that banks that enjoyed federal deposit insurance not stray far from traditional commercial banking activities, but here we are after 2,000 pages of Dodd-Frank, 17,000-plus comment letters on the first attempt at a proposed rule, and the collective input.home prices could grow as high as 7.2% in 2013, JPMorgan Chase. "Despite an increase in inventory, net demand climbed to the highest level since 2006 at 3.3 million in April, pointing to a.

Manufacturing, which had been leading the recovery, on the whole lost 5,000 jobs in May, reversing months of healthy gains that, until last month, totaled 243,000 since December 2009.

James Mackey heads to Freddie Mac Fitch Downgrades National City, Wamu, Others on Home Equity Concerns WaMu, Wells Fargo, National City affected. Fitch lowers ratings of banks with home-equity exposure. JOIN SELECT Back to top. Fitch lowers ratings of banks with home-equity exposure. WaMu, Wells.Jim Mackey – Executive Vice President and Chief Financial. – Jim Mackey Chief Financial Officer at Freddie Mac Washington D.C. Metro Area Financial Services. Freddie Mac. Ally Financial Inc. University of North Carolina at Chapel Hill – kenan-flagler business school. 339 connections. view Jim Mackey’s full profile. It’s free!

Although I rarely write about the Chicago area employment picture I do maintain that data. This June showed a total gain from the bottom of 194,000 jobs, which is a considerable recovery, but it’s.