Economic Forecasts For The Weeks Of June 25 And July 2, 2018!

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Whether corporate earnings, sporting events, economic statistics or, of course, the weather, forecasting can most certainly be an inexact science! As discussed in this space previously, ‘Predicting The Weather, Mortgage Rates, Commodity Prices Or Most Anything Else Is Not For The Faint Of Heart!‘. That said, and for better or worse, many rely on these […]

What Has The Impact Of GTO, Or FinCEN’s Anti-Money Laundering Geographic Targeting Orders, Been On The Luxury Residential Real Estate Market?

In 2016 the U.S. Department of the Treasury Financial Crimes Enforcement Network (FinCEN) implemented its Geographic Targeting Orders, or GTO (January 2016 announcement here)! What was the purpose of this 2016 reporting rule that required title insurance companies in specific high-end residential real estate markets around the United States, to drill down and find who the […]

The Federal Reserve Rate Hike And Its Impact On Consumer Debt!

Aggregate household debt balances

Yesterday the Federal Reserve raised its key fed funds rate by .25% and signaled that they would likely raise two more times in 2018! For consumers who have a record amount of debt outstanding (a level over $13 trillion that’s $280 billion higher than the 2008 peak and 16.2% above the 2013 trough), the good […]

Five Critical Considerations For Homebuyers And Mortgage Shoppers Alike, Before They Pull The Trigger!

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When you are planning to buy a home, and perhaps acquire a mortgage, what are some of the key considerations that should go into the decision-making process? Some advice from Warren Goldberg, President of Mortgage Wealth Advisors in New York… For most Americans, homeownership is the American Dream and has provided the cornerstone to building […]

Here’s How The Belmont Stakes Winner And Your New York Title Insurance Company Are Similar!

Or, at the very least, how they should be similar! The Belmont Stakes Winner vs. Your Title Insurance Company How would you compare the title insurance company you use for New York real estate transactions to the difference between a Kentucky Derby winner only and a Triple Crown horse like Secretariat? This was an equine […]

Inflation And Mortgage Rates (Charts)

The Federal Reserve has two fundamental mandates: maximum employment and stable prices with an upper limit it sets for an acceptable inflation rate! When employment reaches a level that’s known as full and a strong economy results in a shortage of available qualified workers, upward wage pressure can cause the inflation rate to rise. Similarly, when commodity prices […]

Marketing And The Law

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When we think about marketing for our business, whether title insurance, a law firm or anything else, often the first instinct is to focus on what it is we bring to the table!  Instead what if marketing was developed to be client-centric, and addressed how our firm will help solve customers specific ‘pain points’? In […]

1st Quarter GDP Growth Disappoints And Non-Farm Payrolls Surprise To The Upside…Imagine That, The Forecasts Were Wrong!

Citigroup Economic Surprise Index

In the past the Hallmark Abstract Service blog has opined on the professionals whose job it is to forecast a variety of different outcomes whether economic or something else, and for better or worse the tendency for them to miss the mark that they have predicted! The article ‘Predicting The Weather, Mortgage Rates, Commodity Prices Or Most Anything Else Is […]

We Need You…On June 18th!

charity golf for combat veterans in New York

On June 18th, The Eighth Annual Heroes To Heroes Foundation Charity Golf Outing! THE EVENT AND LOCATION: June 18th, at the historic Saint Andrews Golf Club in Hastings-On-Hudson just north of NYC, the Eighth Annual Heroes To Heroes Foundation Charity Golf Outing will be taking place. Event and Registration details can be found here: https://heroestoheroes.org/2018-golf-classic/, THE […]

Predicting The Weather, Mortgage Rates, Commodity Prices Or Most Anything Else Is Not For The Faint Of Heart!

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When it comes to forecasting the majority of things, the art of prediction is not an endeavor consistently done well by most who attempt it! For anyone who has listened to economists forecast data releases and future GDP growth or meteorologists forecast this weekends weather, we know that they are typically wrong as often as […]