-
Is It Better To Have A 20 Percent Down Payment On A Home?
Tuesday, May 2, 2017 - 2:53pm | 1622The following originally appeared on Unison.com. This is a critical question — especially for those who haven’t yet saved up enough for a 20 percent down payment, and for those who are not sure they want to put their entire savings into buying a home. It becomes especially...
-
Interest Rates Are At Historic Lows: Here's Why Millennials Should Buy A Home
Wednesday, July 20, 2016 - 11:14am | 397In the wake of the Brexit vote, U.S. mortgage rates have dipped near all-time lows. In fact, many homebuyers and homeowners have taken the opportunity to lock in low rates. This might make it a great time for first-time buyers to get into the housing market. “If you have an opportunity...
-
Mortgage Rates Plunge To 3-Year Low Following Brexit Vote
Thursday, June 30, 2016 - 1:42pm | 310While it may take years to determine just how much the U.K.’s Brexit vote will impact global economies around the world, the Brexit has already had a meaningful impact on one major U.S. market: housing. Stock markets have been rattled, and global economic growth is now facing a number of...
-
Too Damn High! Rent Rising Faster Than Wages
Friday, June 24, 2016 - 1:37pm | 324"A total of 21.3 million are spending 30 percent or more of their paycheck to cover the rent — also a record high," said CNN in a recent article. As rent prices skyrocket in high-cost-of-living cities, like San Francisco, Chicago and New York City, even supposed low-income-...
-
Well Fargo Unveils 3% Down Payment Mortgage
Thursday, May 26, 2016 - 2:31pm | 404Wells Fargo & Co (NYSE: WFC) announced a new home loan initiative. Called, "yourFirst Mortgage," the program offers down payments at as little as 3 percent for applicable mortgages. The program is aimed at first-time homebuyers and low- to moderate-income families. The Initiative Wells Fargo...
-
Pre-Retirees: When Your Mortgage Outgrows Your Lifestyle
Sunday, May 8, 2016 - 4:38pm | 628Having a mortgage when you’re nearing retirement age can be a scary prospect. However, it’s not an unheard of situation. For whatever reason, whether your mortgage term extends into your retirement-date goal or you’ve had to take out a second mortgage/refinance your home and the...
-
The 411 On Deciding To Downsize In Retirement
Sunday, April 3, 2016 - 7:05pm | 992There are many reasons retirees may consider selling their home once they retire or hit a certain point in retirement. Making that decision, however, is not easy, nor should it be taken lightly. Moving Motivations Before any decisions are made, it is important to delve into the reasons you wish to...
-
Dick Bove Warns Of Summer Mortgage Crisis In U.S.
Wednesday, March 2, 2016 - 10:53am | 331In a new report, Rafferty Capital Markets analyst Dick Bove discussed what he sees as an imminent threat in the U.S. mortgage market. According to Bove, a downturn in the U.S. economy could set in play a chain of events that could lead to disaster in the mortgage market. Since the United States...
-
Why Are Analysts Jumping Into TransUnion?
Tuesday, August 4, 2015 - 10:48am | 487In separate reports published Tuesday, analysts at both Stifel and Deutsche Bank initiated coverage of TransUnion (NYSE: TRU) with Buy ratings. Stifel: Strong Top And Bottom-Line Growth Shlomo Rosenbaum of Stifel initiated coverage of TransUnion at Buy with a $29 price target as the company...
-
Mortgage REIT Investors: What To Know From Blackstone's Latest Data
Wednesday, July 29, 2015 - 8:40am | 743Blackstone Mortgage Trust Inc (NYSE: BXMT) on Tuesday released its earnings presentation for the quarter ended June 30, 2015 after the market closed. Blackstone Mortgage is a commercial mREIT externally managed by Blackstone Group LP (NYSE: BX), and therefore stands to benefit from the deal...
-
Paulson & Company's Q4 Moves: Healthcare And Beyond
Wednesday, February 18, 2015 - 5:12pm | 616John Paulson became famous a few years ago for his bets against subprime mortgages and later, on gold. His fund, Paulson & Company recently disclosed an equity portfolio for the fourth quarter of 2014, worth roughly $19.36 billion, focused on healthcare stocks (42.6 percent of the total...
-
Treasury And Mortgage Bond ETFs Hit New Highs
Wednesday, October 15, 2014 - 1:36pm | 470The selloff in stocks has erased all of the gains on Wall Street this year as the S&P 500 Index dipped into the red for 2014. In just a few short weeks, sellers have taken control of the momentum in equities and significantly altered the tone of the markets. As a result of...
-
Risks Associated With Tapping Home Equity To Buy Stocks
Wednesday, March 19, 2014 - 11:38am | 1296Having sprouted some gray hairs and lost more than a few others, most of us have heard some bad advice in our lifetime. Always bet the favorite. Go all in with Ace-King. Never eat at a place called 'Mom's.' Buy stocks because they return 10 percent a year. Get a real job. Use managed futures to...
-
Recovery in Housing, or Battle of the Little Big Horn?
Monday, March 19, 2012 - 2:31pm | 1247The CEO of Remax, Margaret Kelly, said on CNBC in October of 2007 that it was a “Perfect Time to Buy”. Jim Cramer blew the trumpet call for housing bulls on CNBC in 2009 and a calvary of housing bulls rode up to join them in 2010 and 2011. They and a host of others led the charge on their...
-
Robo-Signing Settlement vs Godzilla
Thursday, February 9, 2012 - 4:18pm | 782When Godzilla entered Tokyo, size and power doomed those in his path. Clearly, massive carnage would follow in his wake. The housing market has its own Godzilla in the form of basic economics of supply and demand. When artificial props entered the United States housing market, in the form...