Mortgages

Strong 12% Yield, Recent Insider Buying, 175% Dividend Growth Over The Last 4 Years, Opportunistic Buy

An opportunity opened up in New Residential after it conducted another secondary offering in order to fund additional UPB purchases.<p>Despite other …

Stocks

Pros and Cons of VA Loan Down Payments

Are VA loan down payments a good idea? Members of the U.S. military, veterans and surviving spouses are eligible for special loans from the Veterans …

Personal Finance

50 ways house hunters can get ready for homebuying season

Spring will very soon have sprung — which means “For Sale” signs will be in full bloom — and if you’re hoping to buy a home this year, get ready for a competitive market. Thanks to the Federal Reserve’s continuing rate hike teases and some economic improvements, you can expect to run into plenty of …

Personal Finance

Family loses $270K home over $150 missed HOA payment (FL)

<i>By Deborah Goonan, Independent American Communities</i><p>I’ve been following this story for months. Kudos to Kendra Conlon and <i>WTSP</i> for reporting on HOA …

Real Estate

A home equity loan Is a smart choice as rates rise

In recent years, home equity loans have gone the way of boy bands. So last-century. In an era of low interest rates, home equity lines of credit and cash-out refinances have been the equity-tapping products of choice.<p>Home equity lines of credit, or HELOCs, have been popular because they usually are …

Personal Finance

U.S. New-Home Sales Rose 3.7% in January

New home sales rebounded in January after posting a steep decline in December, an indication that the new-construction market remains on the path to recovery despite bumps along the way.<p>Purchases of newly built, single-family houses, which account for a small share of overall U.S. home sales, …

Freddie Mac

Little Credit History? Lenders Are Taking a New Look at You

About 45 million Americans lack traditional credit files, and the federal government is looking into whether alternative credit scoring models could bring more of these consumers into the financial mainstream.<p>The Consumer Financial Protection Bureau opened an inquiry this month into the pros and …

Personal Finance

This woman has almost paid off her mortgage – how should she use the extra cash?

Come August, Melanie will have paid off the mortgage on her Alberta house, freeing up $1,027 a month. She is 52. “I’m not sure what to do with all that available cash,” Melanie writes in an e-mail.<p>Melanie has been in the same job for 20 years and is earning nearly $72,000 a year. She has a …

Retirement

UK mortgage approvals at highest level in a year

Some 44,657 mortgages were approved by High Street banks in January.<p>The number of mortgages approved by High Street banks rose to its highest level …

Budgeting

5 big costs first-time homeowners don't realize they have to pay

So you think you're ready to buy a house. You've saved up a nice down payment, researched where to buy your home, and know how much your mortgage …

Money

Ready to Start Flipping Houses? Here's How to Borrow Money.

The home’s after repair value (ARV) might be a better measure, but traditional lenders only consider a property’s current appraised value.<p><b>Classic</b> …

Loans

How to buy a home when you haven't sold yours yet

You've found the perfect new home for your family, but your current house hasn't sold yet. You can't afford to carry two mortgages, or maybe you were …

Business

Lines of Credit: Online Lenders vs. Traditional Banks

Small business lending has never been so full of different options as it is today. For business owners, that’s a good thing. The explosive growth of the alternative lending industry has led to more access to credit for small business owners that the traditional banks had been turning away, for …

Personal Finance

Fannie Mae and Freddie Mac: Let's Get This Straight

The significance of the ruling in the D.C. Circuit is misunderstood.<p>Discovery in Judge Sweeney's Court of Federal Claims unaffected.<p>Mnuchin …

Freddie Mac

Black Knight Financial Services' First Look at January Mortgage Data: Impact of Rising Rates Felt as Prepayments Decline by 30 Percent in January

JACKSONVILLE, Fla., Feb. 23, 2017 /PRNewswire/ -- The Data & Analytics division of Black Knight Financial Services, Inc. (BKFS) reports the following …

Broadway Financial  reports Q4 results

Broadway Financial (NASDAQ:BYFC): Q4 EPS of $0.08<p>Revenue of $3.03M (-6.8% Y/Y)<p>Press Release<p>Now read: <b>Freddie Mac Has Fully Paid Back The Government: A</b> …

Freddie Mac

Still possessed: Investors in America’s housing-finance giants lose in court

Still possessedInvestors in America’s housing-finance giants lose in court<p>An appeals court backs the expropriation of shareholders in Fannie Mae and …

Freddie Mac

Do we need a credit check to find out whether we can remortgage?

My husband and I want to finance a new kitchen and don’t want a loan refusal to tarnish our future ability to borrow<p><b>Q</b> In 2013 we bought our house on a Scottish island for £229,500 on a 16-year mortgage. I am 51, my husband 56, so we now have a mortgage for the next 12 years. The house is big but …

Personal Finance

How Much You'll Need to Earn to Make Mortgage Payments in 15 Big Cities

Just because you’re not raking in the big bucks—or, perhaps, many bucks at all—it doesn’t mean you can’t become a homeowner, even in a big …

Real Estate

US average 30-year mortgage rate edges up to 4.16 percent

Long-term U.S. mortgage rates rose slightly this week, continuing a holding pattern that has prevailed this month.<p>Mortgage buyer Freddie Mac says the …

Freddie Mac

Mortgage rates little changed in latest Freddie Mac survey

Mortgage rates remain little changed amid uncertainty about the economy and government policy, Freddie Mac says in its latest weekly survey.<p>The …

Freddie Mac

Five ways to pay off your mortgage faster and get out of debt

Concerned about your large mortgage and the potential for rising interest rates? Whether you're hostage to debt via your home loan or credit card, …

Personal Finance

Tax Benefits of Owning a Home: Do You Know Them All?

The joys of homeownership are many: Your own house is a place to make sweet memories, build a financial nest egg, and whittle down your tax bill. …

Taxes

The mortgage market is now dominated by non-bank lenders

Most borrowers, whether they are purchasing property or refinancing their home, focus on their mortgage rate and loan terms rather than the type of lender they choose.<p>Yet the landscape of the lending market has shifted dramatically over the past few years from domination by big banks to a market …

Freddie Mac

10 Hacks for a Better Credit Score

The list 10 Things You Can Do Today To Improve Your Credit Score gave you 10 things you can do to raise your credit score. Some things you do won’t …

Personal Finance

Sean Cooper wiped out his mortgage in 3 years — and now he offers advice in new book

Burn Your Mortgage offers tips on how to free yourself from your mortgage faster<p>In 2015, Sean Cooper did what many of us can only dream: he wiped out …

Personal Finance

The Mortgage Professor: Emerging tight money may hit the mortgage market hard

Rising interest rates reduce the demand for housing by increasing the monthly payment on the mortgage most borrowers need to finance a purchase. In …

Loans

Higher mortgage costs won't put the brakes on homebuying, industry economist says

DALLAS - Higher home financing costs won't derail the housing market this year, the country's top mortgage industry economist says.<p>But an unexpected …

Business

Interest-only mortgages linked to equity release boom

Thousands of homeowners could find themselves facing a mortgage shortfall this year, having taken out interest-only mortgages in the 1990s.<p>According to the city regulator the Financial Conduct Authority (FCA), there will be three peak periods over the next few decades when residential interest-only …

Budgeting

Canadian homebuyers are putting more money down than ever

Canadian real estate prices have been skyrocketing, leaving a number of questions about affordability. The common assumption is that first-time buyers are deteriorating, but a survey from Mortgage Pros Canada might indicate otherwise. The national mortgage industry association’s chief economist …

Real Estate