by confoundedinterest17 Between Biden’s push to tax those borrowers with good credit and reward those with bad credit and Rocket Mortgage annoucing 1% down payments in a declining home price economy, Biden’s housing market is looking more like a house …
by confoundedinterest17 Biden’s economy and mortgage market are like a bad wine hangover. Thanks to inflation and The Fed’s tightening to fight inflation, mortgage purchase demand is down a staggering -42.4% since April 2021. Mortgage applications decreased 5.7 percent from one …
by confoundedinterest17 This is last data dump for mortgage demand (applications) before Biden’s idiotic woke mortgage policies go into effect (taxing those with good credit to subsidize those with lousy credit) take effect. I call this Bolshevik Biden’s Mortgage Market. …
via RT: New York City will track the carbon footprint of residents’ food consumption as part of a sweeping initiative to decrease the city’s carbon emissions from food by a third this year, Mayor Eric Adams revealed on Monday at …
by confoundedinterest17 It’s only mid April and mortgage demand should be approaching it’s yearly high. But under Biden and The Fed, mortgage demand seems to have peaked earlier than normal. It’s already late in mortgage cycle. Mortgage applications decreased 8.8 percent from …
It’s nice when the bank gets scammed by a pretty girl… Founded in 2016 by CEO Charlie Javice, the company, ‘Frank,’ offered software to help young Americans obtain financial aid in what Javice framed as “an Amazon for higher education,” …
There’s a bit of good news for those who had their money in Silicon Valley Bank. The bad news will hit the rest of us as we will pay the difference in losses from the deal brokered by the Federal …
https://twitter.com/GlobalProTrader/status/1637922637765656578
by confoundedinterest17 Today’s mortgage application (demand) numbers from the Mortgage Bankers Association was disappointing to say the least. Mortgage purchase demand just sank to it lowest level since 1995. Typically, mortgage purchase applications peak in May or June of each year …
by confoundedinterest17 Mortgage rates increased across all loan types last week, with the 30-year fixed rate jumping 23 basis points to 6.62 percent – the highest rate since November 2022. The jump led to the purchase applications index decreasing 18 …
by confoundedinterest17 The US residential mortgage market seems to be born under a bad sign … and if it wasn’t for The Federal Reserve, it would have no luck at all. It is the start of a new year and, like clockwork, …
by confoundedinterest17 Mortgage applications generally nosedive in the last two weeks of the year (seasonality effect), but Federal Reserce monetary tightening to fight inflation is making the last two weeks worse than usual. Mortgage applications decreased 13.2 percent from two …
According to the details from the affidavit provided to a Caribbean court, SBF and Gary Wang borrowed $546 million via promissory notes from Alameda Research in April and May. The borrowed funds were used to acquire the 7.6% stake in …
by confoundedinterest17 The Federal Reserve continues to remove the monetary punch bowl despite the global yield curve inverting and The Fed fighting Bidenflation. On the mortgage front, mortgage applications decreased 0.8 percent from one week earlier, according to data from the …
by BoatSurfer600 The United States cannot stop Pakistan from purchasing Russian oil and it will be possible to do so soon, Pakistan Finance Minister Ishaq Dar said. Dar made the remarks while addressing the Pakistan Muslim League – Nawaz (PML-N) …
Biden calls on Americans to get boosted again: “Get the shot and get $5, $10, $20 off your drug store or grocery purchase” pic.twitter.com/T9i0DHzwYu — End Wokeness (@EndWokeness) October 25, 2022
by Chris Marcus of Arcadia Economics Central banks continue to purchase gold The gold price may be down, but that hasn’t stopped central banks from purchasing it. As the latest data shows that they continue to add gold to shore up reserves. Which …
More than 22 million people reside in the great state of Florida, with an estimated new arrival of 300,000 a year relocating from many states across America and internationally. Some of the magic and attraction to the Sunshine State are …
by confoundedinterest17 Fannie Mae’s Home Purchase Sentiment index has declined from 81.7 shortly after Biden was sworn-in as President to a meager 62.8 in July 2022. Of course, mortgage rates have risen quite rapidly and home price growth remains elevated as …
by BoatSurfer600 Inflation is so high that Americans are cutting back on food spending, per WSJ. — unusual_whales (@unusual_whales) July 31, 2022 The nonprofit food bank is spending 40% more to purchase the same amount of supplies as last year, …
China has been buying up billions of dollars in land in the U.S. and Florida’s Republican Governor is warning about the massive security risk facing the country over these sales. The Red Chinese — our self-professed enemy — has been …
by confoundedinterest17 Biden’s new campaign theme for the midterms: economic darkness, darkness. Well, this is one way to get inflation under control … crash the economy. And inflation fears growing, we are seeing mortgage rates declining and mortgage applications increasing. Mortgage applications …
The North Dakota Attorney General’s office is investigating a land transaction involving one of the biggest farmland owners in America, billionaire Bill Gates. In a letter dated June 21, Attorney General Drew Wrigley’s office asked the Red River Trust, an …
by confoundedinterest17 Heartaches By The Number … for American households and mortgage lenders as The Federal Reserve begins FINALLY removing monetary stimulus. Mortgage applications decreased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage …
The White House on Thursday endorsed the idea of raising the legal age for Americans to purchase rifles to 21, citing President Joe Biden’s own remarks condemning the idea. A CBS reporter asked White House press secretary Karine Jean-Pierre during …
NEW – EU Commission set to allow the purchase of natural gas from Russia under the Moscow payment scheme, satisfying Putin’s demands.https://t.co/5G3euHR5kB — Disclose.tv (@disclosetv) May 16, 2022
by confoundedinterest17 Yes, homebuyers are jumping into a generally slowing housing market to “beat the heat.” That is, beat The Fed’s monetary tightening. Mortgage applications increased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage …
by Mike__O Nobody knows for sure, but it really looks like there’s some serious house-cleaning going on at Twitter right now. Documents are hitting the shredder as fast as that thing can eat (or the digital equivalent thereof). Lots of …
by confoundedinterest17 Thanks to The Federal Reserve helping to raise mortgage rates through the roof, mortgage applications are going down. From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey. Mortgage applications decreased 8.3 percent from one week earlier, according to …
by confoundedinterest17 There is one song that sums up the mortgage banking industry with proposed tightening of Fed monetary stimulypto: T-R-O-U-B-L-E. Mortgage applications decreased 5.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage …