I found this article on www.cnn.com.  I  thought it was quite interesting with a good perspective so I decided to repost it.  CNN) — The U.S. Postal Service appears to be the latest casualty in digital technology’s slow but steady replacement of working humans. Unless an external source of funding comes in, the post office [...]

Standard and Poors™ has downgraded the US sovereign rating to AA+, and kept the rating outlook at negative, suggesting improvement in the fiscal situation will be needed to avoid further downgrades. Federal agencies have issued guidance clarifying that this action will not affect risk weightings for US Treasury or agency debt. Key Points: 1. At [...]

<!– –>   This newsletter is compliments of: Eric M. Burgess Mortgage Consultant NMLS# 240240 Office: 707-526-6100 Cell: 707-508-5600 San Diego Direct: 619-238-2700                     Thought of the month “A dream is your creative vision for your life in the future. You must break out of your [...]

A new report from the MetLife Mature Market Institute reveals that older Americans are losing $2.9 billion annually to elder financial abuse, an increase of 12 percent over estimates reported in 2008. “The MetLife Study of Elder Financial Abuse: Crimes of Occasion, Desperation and Predation Against America’s Elders” also reports that crimes committed by strangers [...]

Friday, the Labor Department reported the economy added 244,000 jobs in April. After adding 235,000 and 221,000 jobs in February and March, this should indicate the economy is finally accomplishing momentum; however, rising gas prices and sluggish consumer demand cloud the outlook. A surge in April first-time jobless claims indicate growth is stuck at depressed, [...]

“Don’t follow leaders / Watch the parking meters” Ah, the weather. In theory, it was largely to blame for the fact that far fewer of the unemployed in America put on their jackets and sought employment recently. Thus, our economy only produced 36,000 new jobs last month. Further, when the people doing the unemployment phone [...]

The present today is slipperier to evaluate than usual for an odd reason: it is so similar to the turn of last year. Hardly anything has changed. Interest rates are the same, near 5.00% for mortgages, near 3.50% for 10-year Treasurys, both expected to rise last year as now. The lack of employment is the [...]

Americans received good news on the home front last week — the home sales front, that is. Sales of both existing and new homes for November enjoyed upward trends, according to respective reports from the National Association of REALTORS® (NAR) and the Census Bureau.   Sales of single-family homes, townhomes, condominiums and co-ops in November [...]

In a recent statement, president Obama emphasized the importance for a Wall Street reform after the big mess that was brought about by the foreclosure crisis. “We’ve seen problems in foreclosure proceedings – mistakes that have led to disruptions in the housing markets.  This is only one more piece of evidence as to why Wall [...]