Key Economic Issues in Nebraska: The Housing Market and Student Loans

Size: px
Start display at page:

Download "Key Economic Issues in Nebraska: The Housing Market and Student Loans"

Transcription

1 Key Economic Issues in Nebraska: The Housing Market and Student Loans Nebraska Investment Finance Authority 2015 Housing Innovation Marketplace Omaha, NE February 3, 2015 Dell Gines Federal Reserve Bank of Kansas City (prepared by Kelly D. Edmiston, Senior Economist)

2 Key Economic Issues in Nebraska The Housing Market and Student Loans RESIDENTIAL REAL ESTATE 2

3 140 Existing Home Sales (through Nov 2014) Index: Mar 2006 = Kansas City (82.6) U.S. (75.3) Omaha (108.9) Lincoln (97.6) Source: Area Realtors Associations February 3, 2015 K. Edmiston, FRBKC 3

4 14 12 Months Supply of Homes, Metro Omaha Months Supply (seasonally adjusted) Jan-06 Apr-06 Jul-06 Oct-06 Jan-07 Apr-07 Jul-07 Oct-07 Jan-08 Apr-08 Jul-08 Oct-08 Jan-09 Apr-09 Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Jan-13 Apr-13 Jul-13 Oct-13 Jan-14 Apr-14 Jul-14 Oct-14 0 February 3, 2015 K. Edmiston, FRBKC Source: Area Realtors Associations 4

5 140 Home Prices Index: 2004 Q1 = 100 Index: 2004 Q1 = U.S. Kansas City Wichita Des Moines Omaha February 3, 2015 K. Edmiston, FRBKC Source: FHFA / Haver Analytics 0 5

6 Existing Single-Family Home Activity Demand Headwinds Economy/Financial Security Uncertainty about Market Homebuyer Traffic Household Formation 80 Index: 50 = Neutral 80 Credit Availability Investor Traffic Current Homeowner Traffic First-Time Homebuyer Traffic Sep-09 Mar-10 Sep-10 Mar-11 Sep-11 Mar-12 Sep-12 Mar-13 Sep-13 Mar-14 Sep February 3, 2015 K. Edmiston, FRBKC 6

7 Key Economic Issues in Nebraska The Housing Market and Student Loans (BRIEF) DISCUSSION OF THE STUDENT LOAN CRISIS Kelly D. Edmiston, Lara Brooks, and Stephen Shepelwich (April 2013, revised). Student Loans: Overview and Issues, The Federal Reserve Bank of Kansas City Research Working Papers No. RWP

8 Outstanding Student Loan Debt $1.2 trillions trillions $1.2 $1.0 $1.0 $0.8 $0.8 $0.6 $0.6 $0.4 $0.4 $0.2 $0.2 $ Source: Federal Reserve Bank of New York 8 $0.0

9 Capacity to Repay / Burden Individual Student Loan Debt Statistics Median $14,050; Average $25,745 25% under $5,824 25% over $31,001 > 3% with debt over $100, % over $200,000 Payments (in repayment): $197 median; < $97 for 25%; >$423 for 25% 40% of borrowers under 30 (1/3 over 40) Sources: Authors calculations using data from the Federal Reserve Bank of New York Consumer Credit Panel/Equifax; Federal Reserve Bank of New York 9

10 Student Loan Delinquency 20% 4-month moving average 20% 17.4% Payment > $0 16% 23% delinquency for those in repayment, determined by eliminating loans with zero or increasing balances that are not past due All 13.6% 16% 12% 12% 9.7% 8% 7.9% 8% 4% 0% 1.9% 1.2% 1.1% 0.7% 0.2% 0.5% Past Due days days days 120+ days 4% 0% Sources: Authors calculations using data from the Federal Reserve Bank of New York Consumer Credit Panel/Equifax 10

11 Cohort Default Rates 25% Share of cohort in default 22.4% 21.4% 25% 20% 20% 17.6% 17.2% 17.8% 15% 15.0% 15% 10% 11.6% 10.7% 10.4% 9.6% 8.8% 8.8% 9.1% 10.0% 10% 6.9% 6.7% 7.0% 5.6% 5.9% 5.4% 5.2% 4.5% 5.1% 4.6% 5.2% 5% 5% 0% Source: U.S. Department of Education, Office of Federal Student Aid Latest release: September 28, % 11

12 Issues Driving Delinquency Recession and Recovery Most over-due balances for those over 30 Unemployment 5.7 in December Alternative rate 11.2 in December Unemployment rate for young was 11.7 in December. Underemployment Slower wage and salary growth, esp. for young AP: 50% of young unemployed/underemployed Noncompletion Better prospects for completers (buying an asset; lifetime income) Especially high for for-profit (28% completion for-profit, 56% public, 65% private not-for-profit) No credit consideration Poor borrower information 12

13 Fiscal Impact Accrual-based budgeting NPV (incl disbursements, subsidies, payments) Federal Credit Reform Act (FCRA, 1990) method Federal Government Costs using FCRA FY2011: -$47.3b FY2012: -$34.3b (est.) FY 2013: -$32.2b (proposed) Updates vs. fair-value 13

14 Fiscal Impact Accrual-based budgeting (cont) Fair-value estimates CBO: 11 percent of disbursements Implies $13.3b (+$3b consolidation) Indirect Greater income tax revenues; lower costs Interest deductions Outlook Not expected to see much higher default rates Could see continued rapid increases in borrowing Reform options 14

15 More Student Loan Information Visit KCFed.org and type Student Loans in the Search Box 15

16 Contact Information: Dell Gines Senior Community Development Advisor Kelly D. Edmiston Senior Economist Community Development 2201 Farnam Street Omaha, NE (402) Memorial Drive Kansas City, MO (816) For more information and research on housing and community development visit kcfed.org/community 16

Assessing the impact. U.S. student loan debt reaches $1 trillion 12 SPRING 2013 TEN

Assessing the impact. U.S. student loan debt reaches $1 trillion 12 SPRING 2013 TEN Assessing the impact U.S. student loan debt reaches $1 trillion Photo by Gary Barber 12 SPRING 2013 TEN ost students don t think about the money they borrow for college until they get the bill. And the

More information

Analysis One Code Desc. Transaction Amount. Fiscal Period

Analysis One Code Desc. Transaction Amount. Fiscal Period Analysis One Code Desc Transaction Amount Fiscal Period 57.63 Oct-12 12.13 Oct-12-38.90 Oct-12-773.00 Oct-12-800.00 Oct-12-187.00 Oct-12-82.00 Oct-12-82.00 Oct-12-110.00 Oct-12-1115.25 Oct-12-71.00 Oct-12-41.00

More information

Late, Not Lost: The Economic Drag From the Millennial Generation

Late, Not Lost: The Economic Drag From the Millennial Generation Late, Not Lost: The Economic Drag From the Millennial Generation September 2, 2014 by Joshua Anderson, Emmanuel Sharef, Jason Mandinach of PIMCO We believe concerns of a student debt "bubble" and perpetual

More information

Student Loans: Overview and Issues (Update) Kelly D. Edmiston, Lara Brooks, and Steven Shepelwich August 2012; Revised April 2013 RWP 12-05

Student Loans: Overview and Issues (Update) Kelly D. Edmiston, Lara Brooks, and Steven Shepelwich August 2012; Revised April 2013 RWP 12-05 Student Loans: Overview and Issues (Update) Kelly D. Edmiston, Lara Brooks, and Steven Shepelwich August 2012; Revised April 2013 RWP 12-05 Student Loans: Overview and Issues (Update) April, 2013 (Revised)

More information

The Obama Administration s Efforts To Stabilize the Housing Market and Help American Homeowners

The Obama Administration s Efforts To Stabilize the Housing Market and Help American Homeowners The Obama Administration s Efforts To Stabilize the Housing Market and Help American Homeowners March 2015 U.S. Department of Housing and Urban Development Office of Policy Development and Research U.S

More information

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS* COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun

More information

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS* COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun

More information

CBO's March 2016 Baseline Projections for the Student Loan Program.

CBO's March 2016 Baseline Projections for the Student Loan Program. CBO's March 2016 Baseline Projections for the Student Loan Program. These seven tables detail the costs, loan volumes, and subsidy rates for the direct student loan program for CBO's March 2016 baseline.

More information

The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners

The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners June 2013 U.S. Department of Housing and Urban Development Office of Policy Development Research U.S Department

More information

Household Debt and Credit: Student Debt

Household Debt and Credit: Student Debt Household Debt and Credit: Student Debt February 28, 2013 Donghoon Lee The views presented here are those of the author and do not necessarily reflect those of the Federal Reserve Bank of New York, or

More information

Department of Legislative Services Maryland General Assembly 2014 Session FISCAL AND POLICY NOTE. Income Tax Credit - Student Loan Payments

Department of Legislative Services Maryland General Assembly 2014 Session FISCAL AND POLICY NOTE. Income Tax Credit - Student Loan Payments Department of Legislative Services Maryland General Assembly 2014 Session SB 632 FISCAL AND POLICY NOTE Senate Bill 632 Budget and Taxation (Senator Madaleno, et al.) Income Tax Credit - Student Loan Payments

More information

Needham Interconnect Conference

Needham Interconnect Conference Needham Interconnect Conference August 2015 LendingTree, Inc. (Nasdaq: TREE) Forward-Looking Statements Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 The matters contained

More information

Virginia Housing Market and Foreclosure Status

Virginia Housing Market and Foreclosure Status Virginia Housing Market and Foreclosure Status Virginia Foreclosure Task Force September 17, 2013 Virginia Housing Development Authority Overview 1. Looking back: Market conditions and foreclosure trends

More information

South Carolina Unemployment Insurance Trust Fund Annual Assessment FY2015

South Carolina Unemployment Insurance Trust Fund Annual Assessment FY2015 South Carolina Unemployment Insurance Trust Fund Annual Assessment FY2015 Executive Summary For each fiscal year, the South Carolina Department of Employment and Workforce is required to submit, by October

More information

The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners

The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners July 2013 U.S. Department of Housing and Urban Development Office of Policy Development Research U.S Department

More information

Federal Reserve Bank of Kansas City: Consumer Credit Report

Federal Reserve Bank of Kansas City: Consumer Credit Report Federal Reserve Bank of Kansas City: Consumer Credit Report Tenth District Consumer Credit Report May 29, 2015 By Kelly Edmiston, Senior Economist and Mwai Malindi, Research Associate FIRST QUARTER 2015

More information

Consumer Credit Report

Consumer Credit Report Page 1 of 5 Consumer Credit Report Tenth District Consumer Credit Report December 2, 2015 By Kelly Edmiston, Senior Economist Average debt for Tenth District consumers, defined for this report as all outstanding

More information

The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners

The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners August 2013 U.S. Department of Housing and Urban Development Office of Policy Development Research U.S Department

More information

AT&T Global Network Client for Windows Product Support Matrix January 29, 2015

AT&T Global Network Client for Windows Product Support Matrix January 29, 2015 AT&T Global Network Client for Windows Product Support Matrix January 29, 2015 Product Support Matrix Following is the Product Support Matrix for the AT&T Global Network Client. See the AT&T Global Network

More information

Treasury Presentation to TBAC

Treasury Presentation to TBAC Treasury Presentation to TBAC Office of Debt Management Fiscal Year 2015 Q1 Report Table of Contents I. Fiscal II. A. Quarterly Tax Receipts p. 4 B. Monthly Receipt Levels p. 5 C. Eleven Largest Outlays

More information

Five Ways Student Loans Impact Credit. Federal Student Loans are Unique. Federal Student Loans are Unique

Five Ways Student Loans Impact Credit. Federal Student Loans are Unique. Federal Student Loans are Unique Five Ways Student Loans Impact Credit Federal Student Loans are Unique Established credit is not needed No payment due immediately Variety of repayment options Ability to postpone payments Can combine

More information

The Value of a Home. RCIO Monthly Market Advisor

The Value of a Home. RCIO Monthly Market Advisor The following information and opinions are provided courtesy of Wells Fargo Bank N.A RCIO Monthly Market Advisor The Value of a Home JULY 16, 2015 Regional Chief Investment Officers Sean McCarthy, CFA,

More information

Housing Price Forecasts. Illinois and Chicago PMSA, April 2014

Housing Price Forecasts. Illinois and Chicago PMSA, April 2014 Housing Price Forecasts Illinois and Chicago PMSA, April 2014 Presented To Illinois Association of Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs

More information

The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners

The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners July 2014 U.S. Department of Housing and Urban Development Office of Policy Development and Research U.S

More information

The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners

The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners March 21 U.S. Department of Housing and Urban Development Office of Policy Development Research U.S Department

More information

Chapter 3 Demand and production

Chapter 3 Demand and production Chapter 3 Demand and production 3.1 Goods consumption index 1995=1. Seasonally adjusted volume 4 2 22 4 2 21 118 2 118 11 11 114 114 1 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source: Statistics

More information

Fact Sheet. Better Buildings Initiative. Commercial Building Tax Credit March 4, 2011

Fact Sheet. Better Buildings Initiative. Commercial Building Tax Credit March 4, 2011 Better Buildings Initiative Commercial Building Tax Credit March 4, 2011 Current Situation Between now and 2014, $1.4 trillion in commercial real estate (CRE) loans are becoming due; half of these loans

More information

The Obama Administration s Efforts To Stabilize the Housing Market and Help American Homeowners

The Obama Administration s Efforts To Stabilize the Housing Market and Help American Homeowners The Obama Administration s Efforts To Stabilize the Housing Market and Help American Homeowners February 2015 U.S. Department of Housing and Urban Development Office of Policy Development and Research

More information

South Dakota Public Funds Investment Trust (FIT) Fixed Rate Investment Options & Services

South Dakota Public Funds Investment Trust (FIT) Fixed Rate Investment Options & Services South Dakota Public Funds Investment Trust (FIT) Fixed Rate Investment Options & Services FIT Fixed Rate Account Service Features Free multiple accounts Free electronic transfers Online access to account

More information

CREDIT UNION TRENDS REPORT

CREDIT UNION TRENDS REPORT $ in Billions CREDIT UNION TRENDS REPORT CUNA Mutual Group Economics July 216 (May 216 Data) Highlights During May, credit unions picked-up 431, in new memberships, loan and savings balances grew at an

More information

The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners

The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners April 2014 U.S. Department U.S Department of Housing of Housing and Urban and Urban Development Development

More information

The Small Business Economy. Small and Medium Enterprises (SMEs)

The Small Business Economy. Small and Medium Enterprises (SMEs) The Small Business Economy Small and Medium Enterprises (SMEs) Seung Bach, Ph.D., Professor, College of Business Administration, Sacramento State Sanjay Varshney, Ph.D., CFA, Dean, College of Business

More information

Spain Economic Outlook. Rafael Doménech EUI-nomics 2015 Debating the Economic Conditions in the Euro Area and Beyond Firenze, 24th of April, 2015

Spain Economic Outlook. Rafael Doménech EUI-nomics 2015 Debating the Economic Conditions in the Euro Area and Beyond Firenze, 24th of April, 2015 Spain Economic Outlook Rafael Doménech EUI-nomics 2015 Debating the Economic Conditions in the Euro Area and Beyond Firenze, 24th of April, 2015 The outlook one year ago: the risks were to the upside for

More information

Navient FFELP Student Loan Repayment Data Package. October 8, 2015

Navient FFELP Student Loan Repayment Data Package. October 8, 2015 Navient FFELP Student Loan Repayment Data Package October 8, 2015 Forward-Looking Statements The following information is current as of October 7, 2015 (unless otherwise noted). This presentation contains

More information

Federal Student Loans Maintaining Access and Preventing Default

Federal Student Loans Maintaining Access and Preventing Default Federal Student Loans Maintaining Access and Preventing Default Student Loan Cohort Default Rates What is a Cohort Default Rate (CDR)? A cohort is a group of school borrowers who entered repayment on certain

More information

Consumer prices and the money supply

Consumer prices and the money supply Consumer prices and the money supply Annual rise. Per cent. -year moving average Money supply Consumer prices - - 9 9 9 96 98 Sources: Statistics Norway and Norges Bank JB Terra Kapitalmarkedsdager, Gardermoen.

More information

Grow retail energy s share of market value. Stephen Mikkelsen

Grow retail energy s share of market value. Stephen Mikkelsen 1 Grow retail energy s share of market value Stephen Mikkelsen Retail strategy AGL s retail strategy is to grow its market share of customer value. 1 Target higher value market segments 2 2 3 4 5 6 Build

More information

Economic Update as of June 30, 2016

Economic Update as of June 30, 2016 MACRO Report: Review of Wyoming s Economy Economic Update as of June 30, The MACRO Report is a quarterly publication comprised of charts focusing on energy, employment, state revenues, and other indicators

More information

Student Loan Borrowing and Repayment Trends, 2015

Student Loan Borrowing and Repayment Trends, 2015 Student Loan Borrowing and Repayment Trends, 2015 April 16, 2015 Andrew Haughwout, Donghoon Lee, Joelle Scally, Wilbert van der Klaauw The views presented here are those of the authors and do not necessarily

More information

Investment memo. Merganser Today. Overview of FFELP Loan Program. Securitization. Do Your Homework: Uncertainty in the FFELP Student Loan Market

Investment memo. Merganser Today. Overview of FFELP Loan Program. Securitization. Do Your Homework: Uncertainty in the FFELP Student Loan Market Investment memo Merganser Today Merganser has been buying and analyzing asset backed securities (ABS) since their creation in the mid 1980s. Issuance of student loans began roughly a decade later and has

More information

Economic indicators dashboard

Economic indicators dashboard AS OF NOVEMBER 17, 2015 Economic indicators dashboard Vist www.blog.helpingadvisors.com for the full commentary of the Economic Indicators Dashboard. MOST RECENT 3-MO. trend TYPICAL range EXTREME range

More information

Eurozone Economic dashboard

Eurozone Economic dashboard Eurozone Economic dashboard Our Economic Dashboard is designed to help investors understand the true state of the eurozone economy. It is not meant to serve as a direct prediction regarding the future

More information

HOUSING FINANCE IN TRANSITION ECONOMIES

HOUSING FINANCE IN TRANSITION ECONOMIES HOUSING FINANCE IN TRANSITION ECONOMIES OECD Workshop Warsaw, Poland December 5-6, 5 2002 Loïc Chiquier The World Bank 1 Challenge in Transition Economies! Key for growth, poverty, wealth (75 wealth),

More information

CREDIT UNION TRENDS REPORT

CREDIT UNION TRENDS REPORT CREDIT UNION TRENDS REPORT CUNA Mutual Group Economics July 2 (May 2 data) Highlights First quarter data revisions were modest. The number of credit unions was revised down by and assets and loans were

More information

Supply and demand analysis of single-family residential units in Carroll County, Georgia

Supply and demand analysis of single-family residential units in Carroll County, Georgia Supply and demand analysis of single-family residential units in Carroll County, Georgia ABSTRACT Nyerere Delauney University of West Georgia James Burton University of West Georgia Salil Talpade University

More information

Puerto Rico s Economic and Fiscal Crisis

Puerto Rico s Economic and Fiscal Crisis Puerto Rico s Economic and Fiscal Crisis The Economic Situation is Challenging Puerto Rico has experienced a sharper recession than the rest of the United States, and the economy continues to contract.

More information

A Crisis in Student Loans? How Changes in the Characteristics of Borrowers and the Institutions they Attended Contributed to Rising Loan Defaults

A Crisis in Student Loans? How Changes in the Characteristics of Borrowers and the Institutions they Attended Contributed to Rising Loan Defaults A Crisis in Student Loans? How Changes in the Characteristics of Borrowers and the Institutions they Attended Contributed to Rising Loan Defaults Adam Looney Constantine Yannelis Why Are Defaults Rising?.05.1.15.2.25.3

More information

U.S. Residential Mortgage Market Update Housing fundamentals improved but headwinds remain

U.S. Residential Mortgage Market Update Housing fundamentals improved but headwinds remain U.S. Residential Mortgage Market Update Housing fundamentals improved but headwinds remain June 2013 Deloitte Center for Financial Services Foreword After years of excess inventory and depressed prices,

More information

Homeownership. b y B R A D S H U ST E R

Homeownership. b y B R A D S H U ST E R INDUSTRY TRENDS Millennials AND Homeownership b y B R A D S H U ST E R Homeownership is not as out of reach as millennials may think. Many misperceptions abound that the industry could help dispel. In

More information

Department of Veterans Affairs October 2010 Liabilities for Loan Guarantees Volume VI Chapter 6 0601 OVERVIEW... 2 0602 POLICIES...

Department of Veterans Affairs October 2010 Liabilities for Loan Guarantees Volume VI Chapter 6 0601 OVERVIEW... 2 0602 POLICIES... VA Financial Policies and Procedures Liabilities for Loan Guarantees CHAPTER 6 0601 OVERVIEW... 2 0602 POLICIES... 3 0603 AUTHORITY AND REFERENCES... 5 0604 ROLES AND RESPONSIBILITIES... 6 0605 PROCEDURES...

More information

A Study on Various Economic Factors Influencing Student Loan Cohort Default Rates. Jessamyn Virginia Ratcliff. Advisor: Mr. Ventsislav Stamenov

A Study on Various Economic Factors Influencing Student Loan Cohort Default Rates. Jessamyn Virginia Ratcliff. Advisor: Mr. Ventsislav Stamenov A Study on Various Economic Factors Influencing Student Loan Cohort Default Rates By Jessamyn Virginia Ratcliff Advisor: Mr. Ventsislav Stamenov An honors thesis submitted in partial fulfillment of the

More information

What Will 2015 Hold for the Seattle Economy & Residential Real Estate Market?

What Will 2015 Hold for the Seattle Economy & Residential Real Estate Market? What Will 2015 Hold for the Seattle Economy & Residential Real Estate Market? A Presentation to Windermere Wall Street Group Presented by: Matthew Gardner Managing Principal 415 Westlake, Seattle 524 Second

More information

Need to know finance

Need to know finance Need to know finance You can t hide from it Every decision has financial implications Estimating sales and cost of sales (aka direct costs) Gross Profit and Gross Profit Margin (GPM) Sales cost of sales

More information

Integrated Financial Plan FY2012

Integrated Financial Plan FY2012 Integrated Financial FY Delivering The new reality The fiscal year Integrated Financial (IFP) has an Operating with a projected Operating Loss of $3.0 billion, versus a loss of $2.2 billion in, despite

More information

Recent U.S. Economic Growth In Charts MAY 2012

Recent U.S. Economic Growth In Charts MAY 2012 Recent U.S. Economic Growth In Charts MAY 212 GROWTH SINCE 29 The Growth Story Since 29 Despite the worst financial crisis since the Great Depression and a series of shocks in its aftermath, the economy

More information

Loan Consolidation. Mark Riggs

Loan Consolidation. Mark Riggs Loan Consolidation Mark Riggs Bedford Springs, October 12-14, 2015 Introduction Today's students are graduating with loan balances as large as a home mortgage, but unlike a mortgage, student debt is typically

More information

Capital Equipment: Cash vs. Lease and Other Financing Options

Capital Equipment: Cash vs. Lease and Other Financing Options Capital Equipment: Cash vs. Lease and Other Financing Options Kathy King-Griswold University of Rochester Chris Cowen Prager, Sealy & Co., LLC Overview A discussion of the concepts relating to capital

More information

Homeownership Preservation Policy for Residential Mortgage Assets. Section 110 of the Emergency Economic Stabilization Act (EESA)

Homeownership Preservation Policy for Residential Mortgage Assets. Section 110 of the Emergency Economic Stabilization Act (EESA) Homeownership Preservation Policy for Residential Mortgage Assets Section 110 of the Emergency Economic Stabilization Act (EESA) requires that each Federal property manager that holds, owns, or controls

More information

Historically, housing Leads us into the recession and historically, housing leads us out of the recession.

Historically, housing Leads us into the recession and historically, housing leads us out of the recession. Institute for Economic Development & Real Estate Research 214 Economic Outlook & Real Estate Forecast Information provided by the LATTER & BLUM Research Division Historically, housing Leads us into the

More information

Capital Markets Day Athens, 16 January 2006 ALPHA. Retail Banking. G. Aronis Senior Manager, Retail Banking

Capital Markets Day Athens, 16 January 2006 ALPHA. Retail Banking. G. Aronis Senior Manager, Retail Banking Capital Markets Day Athens, 16 January 2006 ALPHA BANΚ Retail Banking G. Aronis Senior Manager, Retail Banking Contents: page Retail Banking at a Glance 3 Strategic Emphasis on Retail Banking 4 Household

More information

Mortgage Credit Certificate Program Presented By:

Mortgage Credit Certificate Program Presented By: Mortgage Credit Certificate Program Presented By: Partners in Building Your Dream Define Affordable Housing Overview What is Mortgage Credit Certificate Enabling Legislation How The MCC Program Works Who

More information

At What Cost? h o w s t u d e n t d e b t. r e d u c e s. l i f e t i m e w e a l t h. r o b e r t. h i l t o n s m i t h A U G U S T 2 0 1 3

At What Cost? h o w s t u d e n t d e b t. r e d u c e s. l i f e t i m e w e a l t h. r o b e r t. h i l t o n s m i t h A U G U S T 2 0 1 3 Debt-For-Diploma Series At What Cost? h o w s t u d e n t d e b t r e d u c e s l i f e t i m e w e a l t h by r o b e r t h i l t o n s m i t h A U G U S T 2 0 1 3 a b o u t d ē m o s Dēmos is a public

More information

The For-Profit College Reality Check

The For-Profit College Reality Check The For-Profit College Reality Check For students and their families thinking of attending a for-profit college 1 Write the job title you are considering 2 Go to www.careeronestop.org (federal jobs data

More information

The U.S. and Midwest Economy in 2016: Implications for Supply Chain Firms

The U.S. and Midwest Economy in 2016: Implications for Supply Chain Firms The U.S. and Midwest Economy in 2016: Implications for Supply Chain Firms Rick Mattoon Senior Economist and Economic Advisor Federal Reserve Bank of Chicago Right Place Supply Chain Management Conference

More information

Table 5. Includes the interest rate forecasts used in the projections associated with current and outstanding student loans.

Table 5. Includes the interest rate forecasts used in the projections associated with current and outstanding student loans. MEMORANDUM SUBJECT: CBO February 2013 Baseline Projections for the Student Loan Program. Attached are five tables that detail the costs, loan volumes, and subsidy rates for the direct student loan program

More information

NorthStar Education Finance, Inc. Student Loan Asset-Backed Notes, FFEL Trust Monthly Servicing Report Report Date: November 25, 2014.

NorthStar Education Finance, Inc. Student Loan Asset-Backed Notes, FFEL Trust Monthly Servicing Report Report Date: November 25, 2014. Asset Coverage Portfolio Principal Balance: Accrued Interest: Special Allowance (SAP) and Interest Subsidy payments (ISP) receivable Total Portfolio Student Loan Portfolio 9/30/2014 Activity 10/31/2014

More information

CREDIT UNION TRENDS REPORT

CREDIT UNION TRENDS REPORT CREDIT UNION TRENDS REPORT CUNA Mutual Group Economics March 216 (January 216 Data) Highlights During January, credit unions picked-up 31, in new memberships, loan and savings balances grew at a 1.9% and

More information

U.S. Credit Card. Trends, Liquidation and Portfolio Pricing

U.S. Credit Card. Trends, Liquidation and Portfolio Pricing U.S. Credit Card Sector Update: Market Trends, Liquidation and Portfolio Pricing Agenda U.S. Credit Card Sector AY Year in Review Key Economic Trends Liquidation and Pricing Changes Market Trends Unfolding

More information

Third Quarter 2014 Earnings Conference Call. 13 August 2014

Third Quarter 2014 Earnings Conference Call. 13 August 2014 Third Quarter 2014 Earnings Conference Call 13 August 2014 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning the

More information

Greek banks and corporate funding costs

Greek banks and corporate funding costs NATIONAL BANK OF GREECE Greek banks and corporate funding costs January 214 Paul Mylonas CRO & Chief Economist National Bank of Greece NBG: ECONOMIC ANALYSIS DEPARTMENT Economic Analysis Department Roadmap

More information

Tulsa Economic Forum November 18, 2015. Chad Wilkerson

Tulsa Economic Forum November 18, 2015. Chad Wilkerson Tulsa Economic Forum November 18, 215 Chad Wilkerson Vice President, Economist, and OKC Branch Executive Federal Reserve Bank of Kansas City www.kansascityfed.org/oklahomacity Oil prices fell sharply in

More information

North American Steel Industry: Recent Market Developments and Key Challenges Going Forward

North American Steel Industry: Recent Market Developments and Key Challenges Going Forward North American Steel Industry: Recent Market Developments and Key Challenges Going Forward OECD Steel Committee May 6-7, 21 Paris, France * American Iron and Steel Institute (AISI) Steel Manufacturers

More information

Housing Rebound and Investor Demand Buoy Mortgage-Backed Securities Market

Housing Rebound and Investor Demand Buoy Mortgage-Backed Securities Market December 2013 Updated February 2014 Housing Rebound and Investor Demand Buoy Mortgage-Backed Securities Market Jose Pluto Fixed Income Analyst The U.S. housing market has improved markedly since hitting

More information

Economic Report. September 2015. Reflecting most recent available data EMPLOYMENT. Sarasota Florida U.S. % % % 5.2 5.6 5.1. Aug-07. Aug-11.

Economic Report. September 2015. Reflecting most recent available data EMPLOYMENT. Sarasota Florida U.S. % % % 5.2 5.6 5.1. Aug-07. Aug-11. Economic Report September 15 1K 17K 1K 15K 1K 13K 1K 11K 1K 5,579 Unemployed Employed 7 1,57 9 9, 1 11 Aug-1 1,9 1, 1 13-17. +.31 1 15 1 1 1 Aug-5 Aug-7 EMPLOYMENT Labor Force Unemployment Rate () Jobs

More information

NEVADA S RECOMMENDATIONS

NEVADA S RECOMMENDATIONS www.faceofforeclosure.com/nevada Recommendation 1: Amend AB 284 from 211 Session AB 284 from the 211 Session established a standard of care by which trustees in foreclosure sales must follow prior to foreclosing

More information

CREDIT SCORING AND SCORING OF RISK

CREDIT SCORING AND SCORING OF RISK CREDIT SCORING AND SCORING OF RISK PARINITHA SASTRY AND LOUISE SHEINER A background paper for the Hutchins Center on Fiscal and Monetary Policy s conference, Parinitha Sastry is a research analyst at the

More information

Analysts and Investors conference call Q1 2014 results 15 May 2014

Analysts and Investors conference call Q1 2014 results 15 May 2014 Analysts and Investors conference call Q1 2014 results 15 May 2014 DISCLAIMER This presentation has been prepared by Air Berlin PLC. No representation, warranty or undertaking, express or implied, is made

More information

Statement of Edward M. Gramlich Acting Director Congressional Budget Office. before the Committee on Veterans' Affairs United States Senate

Statement of Edward M. Gramlich Acting Director Congressional Budget Office. before the Committee on Veterans' Affairs United States Senate Statement of Edward M. Gramlich Acting Director Congressional Budget Office before the Committee on Veterans' Affairs United States Senate June 17,1987 NOTICE This statement is not available for public

More information

June 4, 2014. Honorable Elizabeth Warren United States Senate Washington, DC 20510. Dear Senator:

June 4, 2014. Honorable Elizabeth Warren United States Senate Washington, DC 20510. Dear Senator: CONGRESSIONAL BUDGET OFFICE U.S. Congress Washington, DC 20515 Douglas W. Elmendorf, Director June 4, 2014 Honorable Elizabeth Warren United States Senate Washington, DC 20510 Dear Senator: As you requested,

More information

Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138. Exhibit 8

Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138. Exhibit 8 Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138 Exhibit 8 Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 2 of 138 Domain Name: CELLULARVERISON.COM Updated Date: 12-dec-2007

More information

FIRST COMMAND FINANCIAL BEHAVIORS INDEX

FIRST COMMAND FINANCIAL BEHAVIORS INDEX FIRST COMMAND FINANCIAL BEHAVIORS INDEX Third Quarter 2015 FIRST COMMAND FINANCIAL SERVICES, INC. with SENTIENT DECISION SCIENCE, INC WWW.SENTIENTDECISIONSCIENCE.COM POSITIVE TRENDING ON THE FINANCIAL

More information

THE POTENTIAL MACROECONOMIC EFFECT OF DEBT CEILING BRINKMANSHIP

THE POTENTIAL MACROECONOMIC EFFECT OF DEBT CEILING BRINKMANSHIP OCTOBER 2013 THE POTENTIAL MACROECONOMIC EFFECT OF DEBT CEILING BRINKMANSHIP Introduction The United States has never defaulted on its obligations, and the U. S. dollar and Treasury securities are at the

More information

Florida: An Overview of Foreclosures

Florida: An Overview of Foreclosures Florida: An Overview of Foreclosures February 4, 2015 Presented by: The Florida Legislature Office of Economic and Demographic Research 850.487.1402 http://edr.state.fl.us Foreclosure Timeline... The housing

More information

BUSINESS LOAN APPLICATION

BUSINESS LOAN APPLICATION BUSINESS LOAN APPLICATION Superior National Bank & Trust Company 235 Quincy Street, P.O. Box 450 Hancock, MI 49930 phone 906.482.0404 toll-free 1.866.482.0404 1 INTRODUCTION Thank you for considering Superior

More information

Reacting to the Challenges: Business Strategies for Future Success. Todd S. Adams, Chief Executive Officer Adams Bank & Trust Ogallala, Nebraska

Reacting to the Challenges: Business Strategies for Future Success. Todd S. Adams, Chief Executive Officer Adams Bank & Trust Ogallala, Nebraska Reacting to the Challenges: Business Strategies for Future Success Todd S. Adams, Chief Executive Officer Adams Bank & Trust Ogallala, Nebraska Adams Bank & Trust Family Owned for 95 Years $525 Million

More information

Financial Statement Consolidation

Financial Statement Consolidation Financial Statement Consolidation We will consolidate the previously completed worksheets in this financial plan. In order to complete this section of the plan, you must have already completed all of the

More information

University of Washington Debt Management Annual Report

University of Washington Debt Management Annual Report VII. STANDING COMMITTEES F 9 B. Finance and Asset Management Committee Debt Management Annual Report INFORMATION The Board of Regents is charged with adopting the University s Debt Management Policy, establishing

More information

Debunking Student Loan Headlines

Debunking Student Loan Headlines Debunking Student Loan Headlines Presented by Jillian Gajtka Saturday, June 11, 2016 11:15 a.m. Student Loan Debt 2 Recent Headlines 3 Headlines crisis bubble 4 Student Loan Jeopardy What percentage of

More information

Omaha Mortgage Brokers

Omaha Mortgage Brokers Omaha Mortgage Brokers My name is Dennis Clark. I want to thank you for taking the time to visit my website, where I guarantee you'll find plenty of helpful information to assist you in obtaining a home

More information

Testimony of. Deborah Lucas. Before the Committee on Education and the Workforce U.S. House of Representatives

Testimony of. Deborah Lucas. Before the Committee on Education and the Workforce U.S. House of Representatives Testimony of Deborah Lucas Before the Committee on Education and the Workforce U.S. House of Representatives "Keeping College Within Reach: Examining Opportunities to Strengthen Federal Student Loan Programs"

More information

Preparing for 2015 Housing Market Opportunities

Preparing for 2015 Housing Market Opportunities January U.S. Economic & Housing Market Outlook Preparing for 2015 Housing Market Opportunities As we enter 2015, the U.S. economy and housing markets are prepared for a robust start. Unlike one year ago,

More information

Human Resources Management System Pay Entry Calendar

Human Resources Management System Pay Entry Calendar Human Resources Management System Pay Entry Calendar http://www1.umn.edu/ohr/payroll/calendars/index.html Important Information The system is unavailable for entry, due to maintenance, during the following

More information

2013 DENVER METRO MORTGAGE ASSISTANCE PLUS

2013 DENVER METRO MORTGAGE ASSISTANCE PLUS 2013 DENVER METRO MORTGAGE ASSISTANCE PLUS PROGRAM Down Payment Assistance of 4% (3% + 1% Origination) of the total mortgage amount - in exchange for a slightly higher mortgage interest rate! HISTORICALLY

More information

Management analysis using cash flow statement

Management analysis using cash flow statement Management analysis using cash flow statement Bureau of Waterworks, Metropolitan Government 1 Introduction The business management using cash flow statement, i.e. the cash flow management is increasingly

More information

Widener University School of Law. Exit Interview Counseling Presentation Managing your student loan repayment

Widener University School of Law. Exit Interview Counseling Presentation Managing your student loan repayment Widener University School of Law Exit Interview Counseling Presentation Managing your student loan repayment Types Of Education Debt Three Types Federal Loans Stafford Subsidized/Unsubsidized Federal Direct

More information

Paragon 5. Financial Calculators User Guide

Paragon 5. Financial Calculators User Guide Paragon 5 Financial Calculators User Guide Table of Contents Financial Calculators... 3 Use of Calculators... 3 Mortgage Calculators... 4 15 Yr vs. 30 Year... 4 Adjustable Rate Amortizer... 4 Affordability...

More information

The University of Toledo Health Science Campus College of Medicine. Exit Interview Presentation. March 14, 2007

The University of Toledo Health Science Campus College of Medicine. Exit Interview Presentation. March 14, 2007 The University of Toledo Health Science Campus College of Medicine Exit Interview Presentation March 14, 2007 Understanding your Education Debt Subsidized loans Unsubsidized loans Perkins loans Direct

More information

Economic indicators dashboard

Economic indicators dashboard CURRENT AS OF APRIL 30, 2014 Economic indicators dashboard Vist www.blog.helpingadvisors.com for the full commentary of the Economic Indicators Dashboard. MOST RECENT 3-MO. trend TYPICAL range EXTREME

More information

hometrends The State of the Market December 2013

hometrends The State of the Market December 2013 hometrends The State of the Market December 2013 A letter from Joseph A. Horning, President of Shorewest, REALTORS Southeastern Wisconsin s solid real estate market started to slow in October; sales of

More information