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Category Archives: Jobs
What’s Ahead for 2012?
As we wind down the year and begin making plans for the year ahead, it is always a good idea to peer into one’s own forecast crystal ball to see what the future may hold. As business began in 2011, on Jan. 3, the 10-year treasury was at 3.342% and the Dow Jones Industrial Average (DJIA) was at 11,670.75. After a year of mixed economic news, on Friday, Dec. 16… Continue reading
Jobs Given, Jobs Taken Away
Spoiler alert: This post is not, in fact, about Steve Jobs.
On Monday, Bank of America’s chief executive Brian T. Moynihan promised to cut $5 billion in annual costs by 2014 (“Bank of America Confirms Plan to Cut 30,000 Positions”). Moynihan vowed to make Bank of America the “best” bank in America, even if not the biggest: At least 30,000 jobs will be eliminated as part of Bank… Continue reading
Posted in Jobs, Lending
Tagged Bank of America, FNC, jobs, not Steve Jobs, PNC, Quicken Loans
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Is the Economy in a Good Place After Taking a Hit in May?
On Friday, the Bureau of Labor Statistics announced that employers had only added 54,000 jobs in the month of May — the lowest level in an eight-month period. The unemployment rate had also increased to 9.1%, after it had remained steady and even dropped a bit in the preceding months.
In a Monday MBA Newslink article by Mike Sorohan, Mortgage Bankers Association Chief Economist Jay Brinkman stated that… Continue reading
Posted in FNC, Jobs
Tagged economy, employers, jobs, Mortgage Bankers Association, unemployment
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Retail Sales Up, but Where Have All the Malls Gone?
The U. S. Bureau of Labor Statistics reported today that 3.1 million jobs opened up last month, representing an increase of 2.3%, the highest number since 2008. As the job market improved, spending picked up. Retail sales increased 0.4% from February to March—that’s the 9th consecutive month that consumer spending increased. Consumers purchased a wide variety of household-related goods and furniture (furniture sales were up almost 3.6%, the highest in… Continue reading
Posted in General, Jobs, Mortgage
Tagged Collateral Valuation, consumer spending, FNC, Inc., mall vacancies, Mortgage Industry, retail sales
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MIT Developed Houses that Can Be Built for $1,000 Each
The Massachusetts Institute of Technology introduced a revolutionary concept during graduation week last year; the design for a house that cost only $1,000 to build. MIT believes the home is perfect for impoverished rural areas here in the United States. The concept was called the 1K House Project. But the countries that seem most interested in buying the concept are China and India, where massive populations of workers live well… Continue reading
Federal Reserve Sees Recovery Rolling From St. Louis to San Francisco
If you join FNC’s free webinar this Tuesday at 1 p.m. (CDT), you will learn how to use our new free online Residential Price Index—and how to pinpoint zip codes that are recovering economically and ripe for investment as well as those buffeted and battered. (Those of you in Florida and Texas will find this particularly interesting).
You can register by clicking here.
In the meantime, here are the… Continue reading
Posted in Analytics, Jobs, Valuation
Tagged Federal Reserve, FNC, housing recovery, Residential Price Index, webinar
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US Labor Dept. Launches New Job Seekers Website
The new website called My Skills, My Future rolled out on Labor Day. And this website actually works well–at least on a couple of test runs performed here at FNC. Using the occupation “banker” and typing in a New Orleans website harvested over 50 job openings. And they are good jobs.
Type in “appraiser” and over 25 jobs pop up. Best of all, the search engine looks for jobs… Continue reading
Posted in Jobs
Tagged charity, jobs, Philadelphia, search engine, U.S. Department of Labor
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Celente Says Jobs Boom Only Way to Save Housing & Stop a Great Depression
Forget loan mods, low interest rates and scrapping Fannie and Freddie. As sales of previously occupied homes plunged last month to their lowest level in 15 years, economist Gerald Celente says the only thing that will save US housing is a boom in American job creation. Celente’s predictions have proved correct many times. He is credited with predicting the 1987 stock market crash, the economic collapse of the Soviet Union… Continue reading
Posted in Appraising, Jobs, Lending, Mortgage
Tagged economy, Gerald Celente, housing crisis, job creation
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Wells Fargo CEO Applauds New Financial Reforms
Wells Fargo & Co. Chief Executive Officer John Stumpf tells Bloomberg that he likes a lot of President Barack Obama’s 2,300 page financial reform bill which is now law. His bank has $1.2 trillion in assets.
“Too-big-to-fail has been dealt with,” Stumpf said. He explained that the creation of the Financial Stability Oversight Council, a system-wide risk regulator
will prevent crises caused by the collapse of a mammoth banks or… Continue reading
Posted in Jobs, Lending, Mortgage
Tagged financial reform, Financial Stability Oversight Council, John Stumpf, Wells Fargo
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