Terminology: Mortgage Backed Securities

President Lyndon Johnson created mortgage-backed securities when he authorized the 1968 Charter Act. It also created Fannie Mae. He wanted to give banks the ability to sell off mortgages. That would free up funds to lend to more homeowners. (How Mortgage-Backed Securities Worked Until They Didn’t, KIMBERLY AMADEO Updated January 31, 2019) Mortgage Backed Securities…

Press Release: Henry Ford, Senior Advisor and LifeSteps Financial Principal, Predicts the 2019 New Normal: Volatility and Financial Wellness

  CLAREMONT, CALIFORNIA – February 25,  2019 – Henry Ford, Senior Advisor and Principal of LifeSteps Financial,  a Registered Investment Adviser (RIA) firm located in Claremont, California predicts the 2019 New Normal: Volatility and Financial Wellness.  While seemingly a dichotomy, Mr. Ford believes that financial planning can bridge the ‘new normal’.  Volatility and Financial Wellness…

A Tale of Two Worlds

Looking Back at June The U.S. economic data for June 2018 was very strong. While it should indicate a strong upward market movement, trade and tariff policies currently in play have slowed the rise of the market. Investors are caught between a strong economy and uncertain trade policies. As new policies were addressed, the market…