Spreading the truth. Empowering the people.
Banks Warm to Mortgage Bonds That Burned Them in 2008 Citigroup, Goldman Sachs and Wells Fargo are getting back into the business Banks are getting back into the business of … Read more
The average rate on the 30-year fixed is now 20 basis points higher than it was on Monday and 36 basis points higher than its last low on Sept. 4, … Read more
via seattletimes: As if highly paid Amazon employees needed another helping hand, some lenders are making it easier for the company’s new tech hires to qualify for home loans. Some mortgage … Read more
by howmuch Since the 1940s, housing prices have soared to new levels. According to the U.S. Census Bureau, the median home value in the U.S. was $30,600 in 1940 (adjusted for inflation). … Read more
by confoundedinterest If you have recently applied for a mortgage refinancing given plunging mortgage rates, you may have noticed a delay in the underwriting. Why? US lenders are in the midst … Read more
via mishtalk: Defaults are up for the first time since the great financial crisis. But as rates fall, a refi surge will help millions. The Black Knight Mortgage Monitor shows the first annual … Read more
Citigroup, Credit Suisse Re-Enter Risky Home Loans Market Citigroup C and Credit Suisse CS have re-entered the risky mortgage loans market or non-qualified mortgage, wherein they provide new home loans … Read more
via WSJ: The risky mortgage is making a comeback. More than a decade after home loans triggered the worst financial crisis in a generation, the strict lending requirements put in … Read more
by howmuch Owning a home is a major life milestone for many Americans. In order to afford a home, most people will need to take out a mortgage and pay … Read more
A Danish bank has launched the world’s first negative interest rate mortgage – handing out loans to homeowners where the charge is minus 0.5% a year. Negative interest rates effectively … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Here we go again: Cash-out refi hype is back full-blast, and for the first time since early 2006, people are doing it in large numbers (11 … Read more
by Shaun Richards Today I thought that I would look at some real world implications of the surge in bond markets which has led to lower and in more than … Read more
by howmuch Did you know that where you live could cost you money when you own a home? The state you live in has a major impact on the cost of … Read more
by confoundedinterest17 The Census Bureau reports New Home Sales in June were at a seasonally adjusted annual rate (SAAR) of 646 thousand. That is up 7% over May NHS. That is the … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Surging prices are a demand killer, but real estate industry laments the medicine didn’t work. The relentlessness of falling home sales is starting to baffle the … Read more
Via The Housing Wire American household income fell in May, even with the unemployment rate at the lowest level in almost 50 years. Median household income fell 0.6% from the … Read more