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Texas Economic Growth Steady

The Texas economy grew during the first half of 2014. From January 1 through the end of June, Texas employment has grown 3.3 percent, which is better than the national average.

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Job Growth Weaker than Expected in July

U.S. payrolls grew less than expected in July, a potential sign that the labor market recovery might be cooling following an early summer hiring spike. According to the Department of Labor, the economy added 209,000 jobs last month, coming in under the 233,000 predicted by economists. The national unemployment rate ticked up from 6.1 percent to 6.2 percent.

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San Jose Real Estate Market Plateaus

The housing market in San Jose, California, has been cooling over time and prices have recently flattened. The trends imply a weakening market, according to Kristen Evans, an analyst for Altos Research LLC. “Despite the consistent decrease in the Market Action Index (MAI), we're in a ‘Seller's Market’ where significant demand leaves little inventory available.”

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Report Criticizes Government Treatment of Banks

A new Competitive Enterprise Institute (CEI) report digs into a controversial campaign by federal regulatory agencies called Operation Choke Point. In 2013, the U.S. Department of Justice (DOJ) and several other federal agencies, the Office of the Comptroller of the ...

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Bank of America Hit with $1.27 Billion Fine

On Wednesday, U.S. District Judge Jed S. Rakoff ordered Bank of America to pay a significant civil penalty of $1.27 billion for fraud related to poor quality mortgages sold by Countrywide Financial Corporation, which Bank of America acquired in July 2008.

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CoreLogic: Falling Foreclosure Inventory in June

CoreLogic published its monthly National Foreclosure Report with data from June 2014, which indicates that foreclosure inventory is down 35 percent from June last year. Foreclosures fell from 54,000 to 49,000 on a year-over-year basis. The report further indicated that foreclosure ...

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