Mortgages

15 states where Millennials can afford to buy homes

The No. 1 reason Millennial Americans aren't purchasing homes is because they simply can't afford it. Not only are home prices high, but young people have other financial priorities, including paying off massive student loans.<p>But when it comes to price, location matters. Although desirable coastal …

Money

Suze Orman Says You're Not Ready to Retire Until You've Done This

My fellow baby boomers, we need to talk. More than one in three homeowners 65 or older is still paying off a mortgage. That’s a steep increase since …

Retirement

Remortgaging rockets ahead of November interest rate hike, as new mortgages fall to fresh low

Remortgaging was pushed to an eight year high last month as borrowers looked to lock in deals ahead of November's interest rate rise, and as growth in other forms of credit cooled.<p>Figures have revealed that £23.1bn was lent for mortgages in October, a 14pc rise on the same time last year.<p>The …

Economy

4 bad reasons to buy a home

• <b>There are good and bad reasons to buy a home.</b>• <b><br>There's no problem with waiting to do it.</b><p>Buying your first home is a serious and exciting event.<p>It takes patience, money and responsibility to be ready to buy a home, but buying the property is only half the battle. The transition between depending on a …

Money

UK Mortgage Approval Rate Falls

Investing.com - The number of mortgages approved by the British Banker’s Association fell to a 13-month low in October, industry data showed on …

Economy

Give Me The Top Ten Best Things about Chapter 7 Bankruptcy – TrdPip

Bankruptcy is a powerful tool for restructuring personal finances, discharging oppressive debt, and granting the “poor but unfortunate debtor” a …

Owe

Alibaba’s finance arm bans high-interest consumer loans

in Shanghai<p>Alibaba’s finance affiliate has banned consumer-loan products that charge annual interest rates above 24 per cent from its sales platform, …

Alibaba Group

Why Canada’s Real Estate Market Is Becoming Too Big to Fail

It was all about to come crashing down.That’s the conclusion one would draw from reading the Canadian business press in the spring of 2017, which, …

Real Estate

UK household appetite for mortgage borrowing and consumer credit slackens, shows data

The appetite of UK households for new mortgage borrowing and consumer credit appears to be slackening, new data shows.<p>The UK Finance trade …

Economy

Young Canadians now need 13 years to save up for a 20% down payment: Professor

Paul Kershaw, policy professor at UBC and founder of "Generation Squeeze," joins BNN to explain why he thinks the national housing strategy fails to …

Business (Canada)

Helping your child buy a house: when you should and shouldn't lend a hand

Overheated housing markets like those in Vancouver and Toronto may make headlines, but it’s not just those real-estate scenes that can pose a …

Parenting

Five more years of a flatlining Canadian dollar: Scotiabank

Briefing highlights<p>Scotiabank’s currency, economic outlook<p>Whither the Canadian dollar<p>It's admittedly a long time span, but Bank of Nova Scotia says we can expect a flatlining Canadian dollar for at least the next five years.<p>In a new long-term outlook, Scotiabank sees the loonie ending this year at …

Economy

Canadian housing and loan loss changes overshadow upcoming Q4 bank earnings

It’s been a pretty good year for Canadian bank stocks. The S&P/TSX Composite Banks Index is up more than 14 per cent in 2017, outpacing the broader …

Canadian News

Business events scheduled for the coming month

Business events and economic reports scheduled for the coming month:<p>All times are Eastern.<p>FRIDAY, Dec. 1<p>WASHINGTON — Institute for Supply Management releases its manufacturing index for November, 10 a.m.; Commerce Department releases construction spending for October, 10 a.m.<p>DETROIT — Automakers …

Economy

China issues new rules on banks' interest rate risk management: regulator

BEIJING (Reuters) - China's banking regulator said on Friday that it has issued draft guidelines for commercial banks to better manage their interest rate risks, as China pushes forward with its interest rate liberalization reform.<p>New rules have details on banks' risk management requirements and …

Business

Newcastle Intermediaries announce free legals for FTBs

<b>By Warren Lewis 24th November 2017</b><p>Newcastle Intermediaries has announced that it has launched a new range of 95% LTV products with free legal fees …

Property (UK)

Canadians are the most indebted in the world, OECD says, as it warns on rising debt risk

The OECD warned that rising private debt loads in both advanced and developing economies pose a risk to growth as Canada, South Korea and the U.K. …

Canadian News

Wells Fargo formula shows recession looming in next 18 months

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take.<p><b>Rate news summary</b><p>From Freddie Mac’s weekly survey: …

Economy

Top 5 tips to get the lowest home loan interest rate

The more stable your credit history, the higher your chances are of getting a home loan interest rate that is affordable.<p>When the loan is of a high …

Business (India)

Will Tax Reform Cut the Mortgage Interest Deduction?

One version of the tax reform bill would cut the maximum mortgage interest deduction in half.<p>In the House version of the Tax Cuts and Jobs Act, the …

Investing

Senators lay into 'cartel-like, corrupt' banks over trackers

Banks have come in for severe criticism in a Seanad debate for taking good-value tracker mortgages off customers.

News (Ireland)

‘How can we help our two sons with their first home purchase?’

As noted in one of my columns this week, house affordability in some cities has become notably worse over the past couple of years. If this keeps up, we're going to have wrap our heads around the idea that some young adults will never own a house. For now, a lot of parents are keeping the ownership …

Money

Judge rips Colorado AG’s case against foreclosure giant as “groundless and frivolous,” orders state to pay attorneys’ fees

The Colorado attorney general’s office was so haphazard and reckless in its failed pursuit to prove former foreclosure king Larry Castle and his law …

Denver

Saskatoon's water still the cheapest on the Prairies, report says

Saskatoon’s water remains the cheapest among the five largest Prairie cities for residents, despite three straight years of rate increases, a city …

Canadian News

ETF investors, this is the best performing Canadian market strategy of the past five years

The most successful ETF strategy for investing in the Canadian stock market over the past five years is the low volatility fund.<p>A surprise, right? A lot of investors who favour exchange-traded funds might have guessed dividends, or maybe just using a fund that tracks the broad Canadian stock …

Investing

FTB borrowing in the capital hits 10 year high

New data and analysis from UK Finance has revealed that first-time buyers in London borrowed £3.31 billion during Q3 - a 7% rise against Q2 and up 9% …

Property (UK)

'It doesn't only happen to other organizations': Is there sexual misconduct where you work?

Briefing highlights<p>What firms should know about sexual misconduct<br>• U.S. markets closed<br>• What to expect on retail sales<p>‘Think again’<p>Two Montreal lawyers have a warning for Canadian employers: If you think your company is immune to allegations of sexual misconduct, you'd best "think again."<p>Magali …

Economy

Tips to protect your personal data online

Financial Consumer Agency of Canada spokesperson Lynne Santerre explains how to protect yourself from future fraud if your personal information has been hacked.

Security

Mortgage sticker shock: Get ready to pay more on renewal, possibly through the nose

Briefing highlights<p>Prepare for more on renewing mortgage<br>• What to watch for today<p>Sticker shock<p>A Canadian credit rating agency fears homeowners could be in for a "substantial" shock when they go to renew their mortgages.<p>"Mortgage borrowers in Canada could be shocked at their five-year renewal to find …

It’s not just lobbyists who say tax reform will slash home prices - MarketWatch

In May, alarmed by the discussion of tax reform percolating in Washington, the National Association of Realtors released a study it had commissioned …

Economy