Mortgages

3 Reasons an ARM Mortgage Is a Bad Idea

There's a mortgage for every need, but here are three scenarios where an adjustable-rate mortgage can be a bad idea.<p>Adjustable-rate mortgages aren't …

Retirement Planning

Mortgage Rates Trend Downward Again

The news just keeps getting better for home buyers.<p>Sometimes change is good. That was certainly the case for home buyers today as mortgage rates …

Retirement Planning

3 Reasons Millennial Buyers Love VA Loans

Millennial veterans and military members are helping fuel the resurgence of the historic VA loan program. Last year’s 700,000-plus loans were more …

Loans

The Most Favorable Landscape Investors Have Seen Yet

There is no alternative to Fannie Mae and Freddie Mac, and the only logical, realistic outcome is to recapitalize, continue reforming, and …

Freddie Mac

Fannie-Freddie Fix Is the Focus of Senators' Bipartisan Push - Bloomberg

In a bitterly partisan Congress, two senators are making a rare push across party lines to solve a persistent riddle with huge implications for the …

Freddie Mac

What’s a Credit Score Really Worth? Maybe Not Much After This

If you’re checking out your credit score, there’s something you should know.<b>The Consumer Financial Protection Bureau has called out all three of the</b> …

Personal Finance

Out-of-control government spending harms taxpayers

President Trump’s proposed cuts in discretionary spending have prompted a frenzy of dire headlines, including this gem from the Detroit Free Press: …

Freddie Mac

Houses aren't more unaffordable for first home buyers, but they are riskier

Climbing house prices seem to scare people but houses are relatively more affordable today than they were in 1990, it’s actually interest-rate risk …

Interest Rates

Tech talk at MBA: Do we build technology or do we partner?

No one in the mortgage industry needs to be convinced about the power, prominence and appeal of technology anymore. Despite the industry’s initial …

Innovation

AGNC Investment And Orchid Island Capital: MBS Pricing Update For Q1 2017

From continued requests, this update article analyzes fixed-rate agency MBS price movements during Q1 2017 (through 3/24/2017).<p>Since most mREIT …

Stocks

Westpac Group banks, AMP hike rates by up to 32 basis points

Westpac Group's St George and BankSA are set to announce rate increases of up to 32 basis points, which means its other subsidiary Bank of Melbourne …

Banking

Renting or Buying… Either Way You’re Paying a Mortgage

There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize …

Freddie Mac

A realtor explains how to set yourself up as a homebuyer long before you ever start shopping

There's no doubt buying your first home can be intimidating.<p>Not only is it a commitment to settle down in one place, but it's a huge financial decision.<p>So where do you start?<p>In preparing to buy, you need to make sure you have at least nine months to a year of consistent income in order to qualify …

Markets

MORL Dividend Yield Of 20% Compensates For Many Risks

The dividend yield projected from my projection for the April 2017 monthly dividend is 20% on an annualized monthly compounded basis.<p>The elevated …

Stocks

Corsair Capital close to buying third of London & Country

Private equity company Corsair Capital is close to buying almost a third of mortgage broker London & Country, according to people familiar with the …

Budgeting

More homebuyers are turning to the risky mortgages that were popular before the housing crash

The number of homebuyers considering a riskier mortgage — a kind of loan that became notorious during the housing boom and crash — has doubled since the presidential election.<p>Last week, 9 percent of total home loan applications were for adjustable-rate mortgages, or ARMs. That’s twice the level …

Why Home Buyers Should Consider Adjustable-Rate Mortgages

With interest rates on the rise, it may be time for home buyers to take a fresh look at some alternatives to the 30-year, fixed-rate mortgage, which has dominated the mortgage market since the financial crisis.<p>While many out-of-the-mainstream loans got a black eye in the subprime debacle, today’s …

Loans

New anxieties as Trump says Obamacare will 'explode'

Americans who benefited from President Barack Obama's health care law and were relieved when a Republican push to repeal it failed are facing a new …

Health Care

3 Reasons Why Refinancing Your Mortgage Today Isn't Smart

Think twice before you refinance. Otherwise you might regret it.<p>Many homeowners look to refinance so they can take advantage of more attractive …

Retirement

Churn or burn, CBA tells mortgage brokers

Commonwealth Bank of Australia is encouraging brokers to churn mortgages rather than lose borrowers to competitors who are offering hot incentives to …

Banking

Don't Let a House Ruin Your Retirement

Owning a home shouldn't prevent you from saving for the future.<p>For many people, homeownership is a major life goal, and they spend years saving to …

Retirement

5 Mistakes Borrowers Make When Taking Out a Loan

If you're planning on taking out a big loan, make sure you get the best deal you can.<p>Whether it's a student loan, car loan, mortgage, or something …

Loans

Here's Why You Can't Afford a Home

If owning a home seems out of reach, take some actions now to improve your financial health.<p><i>"Debt certainly isn't always a bad thing. A mortgage can</i> …

Personal Finance

The death of the mortgage salesman is unfortunately premature

Lenders now pay mortgage brokers ‘retention’ fees for simply rolling you over from one of their deals to another<p>We thought the “commission hungry salesman” had been consigned to the museum of financial horrors, next to the exhibits on Equitable Life and endowment mortgages. But are these relics in …

Budgeting

HOA Homefront: Can homeowner be charged for tenants moving in and out?

Q:I recently received a letter from our management company saying that all owners who rent out their units must submit a copy of the agreement to the …

Real Estate

These 3 Factors Can Make or Break Your Credit Score

Raising your credit score can be difficult, but if you understand the most important factors that make up your score, you can focus your efforts …

Personal Finance

11 Credit Card Insights That Might Surprise You

Here's something to talk about at your next dinner party.<p>Americans' love affair with credit cards isn't fading. Credit card debt now sits near an …

Personal Finance

Three California cities require the highest salaries in the US to afford a home

We all know San Francisco is one of the most expensive places to live, but what about the rest of California?<p>A recent study shows three California cities (including SF, of course) are more expensive than all other U.S. cities — including New York — when it comes to median home prices and how much …

Oakland

Should You Buy Shares of Fannie Mae and Freddie Mac?

In the fall of 2008, during the worst of the financial crisis, software architect Matt Hill began looking for stocks that were poised for a comeback. …

Freddie Mac

Beijing Takes Aim at 'Fake Divorces'

BEIJING—Married couples here who split up must now pay up.<p>A rule taking effect in the Chinese capital Friday requires larger down payments from people who apply for a new mortgage within one year of a divorce. They will now be treated as second-home buyers, meaning they must put up 60% to 80% …

People's Bank of China