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DS News Webcast: Monday 3/14/2016

The year 2012 also marked the beginning of a four-year period in which the GSEs’ expenses increased by a combined 1 point 1 billion dollars. A white paper released this week by the Office of Inspector General of the Federal Housing Finance Agency, the Enterprises’ conservator, gives a detailed account of where the extra 1 point 1 billion dollars went.

Fannie Mae’s expenses increased by 30 percent up to about 3 point 1 billion dollars from 2012 to 2015, while Freddie Mac’s expenses rose by 24 percent up to 1 point 9 billion dollars during that same period. The majority of the increase for both GSEs went to the implementation of specific FHFA strategic goals and initiatives and implementation of their own respective strategic goals and initiatives.

The February employment summary released last week by the Bureau of Labor Statistics was nearly all positive, but the one factor which many analysts have cited as holding back homeownership, hourly wage growth, took a step back in February. According to a recent economic letter released by the Federal Reserve Bank of San Francisco, slow wage growth is not a sign of a weak labor market—but rather, it is a reflection of cyclical and secular shifts in the composition.

About Author: Brian Honea

Brian Honea's writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master's degree from Amberton University in Garland.
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