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 News

The 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 Estate

Schedule 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 …

Business

The 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 Canada

Canadian 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 …

Education

Homeowners 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 Mac

How 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 …

Retirement

What 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 Estate

5 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 attacks

Ex-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 …

Business

Tough 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 News

Former 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 …

Business

Borrowers 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 Global

Jeff 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 Justice

Mortgage 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 Planning

Calgary 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 News

Loan

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 Improvement

Mostly 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 …

Markets

Dear 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 …

Finance

Americans 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 …

Retirement

I 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 …

Stocks

Finally, 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 Planning

US 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 …

Business

Long-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

Finance

Canada 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, …

Business

What 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 …

Finance

Carrick 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 Street

Fine 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 Mac

REM: 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 …

Investing