Mortgages
Reverse mortgages prove costly blessing to cash-strapped elderly homeowners
There are five main reasons people take out reverse mortgages, says Heartland Bank<p>Rosie and Jim were left with no choice but to take a reverse …
New Zealand NewsThe prisoner's dilemma is confounding the housing market
The realization is setting in — the housing market faces an inventory impasse, not a demand dilemma. Existing-home sales continue to improve, up 1.6 …
Real EstateSchedule I Canadian Banks - (Part 1 Of 6): Bank Of Montreal
BMO reported Q2 2017 results May 24, 2017 with its US results raising concerns about a slowing in its US growth.<p>BMO’s Capital Measure Ratios continue …
BusinessThe Bank of Canada is worried about home prices
We have long lamented the persistent understatement of soaring US housing costs in the Consumer Price Index, and thus the understatement of overall inflation as experienced by people with a roof over the head. But now two economists from the National Bank of Canada spell out their doubts about the …
Bank of CanadaCanadian teenagers smarter than most about money, OECD finds
While Canada outperformed overall, 13 per cent of Canadian teens failed to meet minimum threshold<p>Canadian teenagers are more financially literate …
EducationHomeowners Are Again Pocketing Cash as They Refinance Properties
Americans refinancing their mortgages are taking cash out in the process at levels not seen since the financial crisis.<p>Nearly half of borrowers who refinanced their homes in the first quarter chose the cash-out option, according to data released this week by Freddie Mac. That is the highest level …
Freddie MacHow to Retire if You're Broke
If you're broke, then the best option is usually to delay your retirement -- but if you can't manage that, you'll have to make some compromises.<p>While …
RetirementWhat Is the Smartest Way to Pay Off a Debt?
<i>Q. My wife took out a $30,000 personal loan from a colleague whom she would like to pay back now. To get the funds, we could either refinance the mortgage on our co-op in Jackson Heights, Queens, or take out a home equity line of credit. Given the current mortgage rates, which would be the wiser</i> …
Real Estate5 of the Costliest Financial Regulations From Past 20 Years
By Frank Holmes via Iris.xyz Last year, the Federal Register—the U.S. government’s depository of rules and regulations—hit an all-time high of 81,640 pages. Among the industries that bear the greatest regulatory oversight is financials, which has seen a disproportionate amount of scrutiny in recent …
9/11 attacksEx-Home Capital Brokers Penalized in First Disclosed Crackdown - Bloomberg
A Canadian regulator said it disciplined two mortgage brokers who funneled business to Home Capital Group Inc., marking the first disclosure of …
BusinessTough choice: Pay mortgage faster or invest?
TORONTO — Juan Pablo de Dovitiis finds himself grappling with the perennial personal finance chestnut of whether he's better off paying down his …
Canadian NewsFormer Home Capital Brokers Penalized in First Crackdown
A Canadian regulator said it disciplined two mortgage brokers who funneled business to Home Capital Group Inc., marking the first disclosure of …
BusinessBorrowers warned to brace for across-the-board mortgage rate increases
Despite official interest rates being on hold at an historic low of 1.5 per cent since August 2016, mortgage rates have been rising over that …
S&P GlobalJeff Sessions' Justice Department Backed a Mortgage Corporation Over a Veteran
Happy Memorial Day.<p>On Thursday, in a post regarding the legal assault on the Consumer Finance Protection Bureau, we noted that the aggrieved party that has been weaponized to kill the agency on behalf of the White House, Congressional Republicans, and every swindler working in the American economy …
U.S. Department of JusticeMortgage Rates Ease Across the Board
More good news for home shoppers as average interest rates on all varieties of home loan fell to end the week.<p>Mortgage rates dropped across the board …
Retirement PlanningCalgary man sentenced to three years in prison for $27M mortgage fraud
CALGARY—A Calgary man who was arrested after being on the lam for two years in Mexico for his part in a $27 million mortgage fraud has been sentenced …
Canadian NewsLoan
News<p>How loan advisers can help you plan your finances in a proper manner<p>May. 26, 2017<p>Whether you wish to extend your home or just change its look by …
Home ImprovementMostly winners: Early earnings score card for Canada's banks - Article
Paul Bagnell<p>Anchor<p>Follow|Archive<p>Bank earnings were one of the biggest stories we tracked at BNN this week. It’s not over yet, but here’s a quick …
MarketsDear Mr. Morneau: It's time to step in and save Home Capital
Funds that we manage own shares in Home Capital Group Inc., the majority of which were purchased after the major sell-off last month. We are writing …
FinanceAmericans Don't Even Know What Their Most Important Retirement Asset Is, Study Shows
According to a new research report from The American College of Financial Services, Americans moving into retirement don’t have a good understanding of how to effectively use home equity as an income source in retirement. The report surveyed over 1,000 people aged 55-72 with at least $100,000 in …
RetirementI Bought It Again: A Stable 7.6% Yield Backed By Uncle Sam
I recently purchased preferred shares from Capstead Mortgage Corporation.<p>CMO has already cut their common stock dividend and it is now likely …
StocksFinally, an Answer! 4 Reasons Millennials Are Waiting to Buy a Home
Fewer millennials are buying homes today than in years past. Here are the factors influencing this trend.<p>Say what you will about millennials and …
Retirement PlanningUS home equity is back, so why aren't more people borrowing?
AP Radio AP Radio News:<p>WASHINGTON (AP) -- Alicia Johnson and her husband wanted to renovate their home last fall but ran into a roadblock: When they tried to refinance their mortgage and borrow against their equity, five banks said no.<p>Problem was, the Johnsons' mortgage covered their home in …
BusinessLong-term US mortgage rates fall to lowest levels of 2017
Long-term U.S. mortgage rates fell this week to their lowest levels of the year.<p>Current avg<p>Last week<p>52-week high<p>52-week low<p>30-year fixed<p>3.95<p>4.02<p>4.32<p>3.41<p>15-year fixed<p>3.19<p>3.27<p>3.55<p>2.72<p>5-year adjustable<p>3.07<p>3.13<p>3.33<p>2.68
FinanceCanada Banks See Mortgage Slowdown as Nation Taps Brakes
With four of Canada’s biggest banks reporting second-quarter results, the trend shows decelerating growth in home loan portfolios and, in some cases, …
BusinessWhat are changing interest-only loans doing to your property portfolio?
Any advantages of funding property portfolios with popular interest-only loans are rapidly disappearing as lenders hit the red alert button by …
FinanceCarrick newsletter: Half of Canadians are making this unforgivable money mistake
One of the great mysteries of personal finance is why so many people fail to have a will drawn up. Fail is exactly the right word here. Epic fail.<p>The latest evidence of this behaviour comes in a poll from Toronto-Dominion Bank that suggests half of Canadians don’t have a will. Almost 30 per cent of …
Bay StreetFine Gael leads Fianna Fáil for first time since general election
Enda Kenny’s 43% satisfaction rating is highest since 2011<p>about 2 hours ago<p>Fine Gael now leads Fianna Fáil for the first time since the general …
News (Ireland)Biblical Capitalism in Uncertain Economic Times
September 29, 2008<p>The recent dramatic events surrounding our economy and its regulation raise huge questions for every American. (Indeed, citizens of …
Freddie MacREM: 9.71% Dividend Yield With Crazy Volatility
This portfolio is heavily concentrated in the top holding at nearly 20%.<p>High expense ratio of 0.48% is acceptable for investors who are new to the …
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