Mortgages

Jpmorgan Spoofer Pleads Guilty To Gold Manipulation, Faces 11 Years In Jail

There was a time when the merest mention of gold manipulation in "reputable" media was enough to have one branded a perpetual conspiracy theorist with a tinfoil farm out back. That was roughly coincident with a time when Libor, FX, mortgage, and...
Related topics: J.P. Morgan Chase & Co., Gold

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30 Year Fixed Mortgage: 3.5% To 3.625%

From Matthew Graham at Mortgage News Daily: Mortgage Rates Hold Relatively Steady Despite Bond Market WeaknessMortgage rates mostly held steady today, despite a move higher in broader interest rate indicators like the 10yr Treasury yield. ...

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Connecting The Dots On Fha’s New Condo Rule - Aei - American Enterprise Institute: Freedom,...

Earlier this week, HUD announced a new condominium approval process that will “allow certain individual condominium units to be eligible for FHA mortgage insurance even if the condominium project is not FHA approved.” The National Association of...

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Succinct Summation Of Week’s Events 8.16.19

Succinct Summations for the week ending August 16th, 2019 Positives: 1. Home mortgage refinance apps rose 37.0% w/o/w, above previous increase of 12.0%. 2. Import and export prices both rose 2.0% in m/o/m, above the expected 1.0% decrease. 3....

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Despite Record Low Rates, Housing Starts Plunge Amid Rental Unit Crash

Despite the hype of tumbling interest rates and rising mortgage applications, housing starts tumbled again in May, dropping a whopping 4.0% MoM in July to 1.191MM, the biggest drop and the lowest print since February, drastically missing...

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The Trump Administration Just Did Equifax A Huge Favor

Notorious credit-monitoring companies might be able to weasel their way into the mortgage industry.

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Car On California: "california Home Sales Perk Up In July"

The CAR reported: California home sales perk up in July for first time in more than a year, C.A.R. reportsThe lowest mortgage interest rates in nearly three years helped jump start California’s housing market to post the first year-over-year sales...

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Progressives’ Financial Inclusion Agenda Is Likely To Backfire

In a recent op-ed for CNN, Rep. Rashida Tlaib (D-MI) suggests a plan for improving the financial inclusion of minority households. She believes that reversing the Trump administration’s recent regulatory initiatives on credit discrimination and...
Related topics: CNN

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Mba: Mortgage Applications Increased Sharply In Latest Weekly Survey

From the MBA: Mortgage Applications Increase in Latest MBA Weekly SurveyMortgage applications increased 21.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the...
Related topics: Polls

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Mortgage Loan Rates Dive, Refinancings Soar

Mortgage loan rates reached new three-year lows last week as demand for U.S. Treasuries drove down yields and lowering mortgage lending rates.

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Top Ranked Value Stocks To Buy For August 13th

Here are three stocks with buy rank and strong value characteristics for investors to consider today, August 13th:Essent Group Ltd. (ESNT): This provider of private mortgage insurance for single-family mortgage loans has a Zacks Rank #2 (Buy), and...

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Mba: "mortgage Delinquencies Rise In The Second Quarter Of 2019"

From the MBA: Mortgage Delinquencies Rise in the Second Quarter of 2019The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 4.53 percent of all loans outstanding at the end of...

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Ny Fed Q2 Report: "total Household Debt Climbs For 20th Straight Quarter As Mortgage Debt And...

From the NY Fed: Total Household Debt Climbs for 20th Straight Quarter as Mortgage Debt and Originations RiseThe Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which...
Related topics: Fed, Banking

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Hawaii's Trinity Merger Combining With Seattle's Broadmark To Form Mortgage Reit

Hawaii-based Trinity Merger Corp. is merging with Seattle investment firm Broadmark Capital, a private real estate lender that provides construction, land and development financing, to create a mortgage real estate investment trust with an equity...

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Denmark's 3rd Largest Bank Is Now Paying People To Take Out A Mortgage

Back in 2016, when the first negative interest rate bonds first emerged, we offered readers with a glimpse of the NIRP future: After an intense pow-wow between the administration, Congressional leaders and the Federal Reserve, the Negative...
Related topics: Denmark, Banking, Fed

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Bank Will Pay Customers To Take Out Mortgages By Offering Negative Interest Rates In Denmark

Jyske Bank, the third-largest bank in Denmark, announced that it would lend homebuyers at an interest rate of -0.5% for a 10-year mortgage.       
Related topics: Banking, Denmark

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Cherry Hill Mortgage Investment Corporation (chmi) Q2 2019 Earnings Call Transcript

Image source: The Motley Fool.Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) Q2 2019 Earnings Call Aug. 8, 2019, 5:00 p.m. ETOperatorContinue reading
Related topics: US Equity Markets

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Succinct Summation Of Week’s Events 8.9.19

Succinct Summations for the week ending August 9th, 2019 Positives: 1. Jobless claims fell 8k w/o/w from 217k to 209k. 2. Home mortgage refinance apps rose 12.0% w/o/w, up from previous increase of 0.1% 3. Same store sales rose 5.1% w/o/w, greater...
Related topics: Unemployment

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Ontario Bucks National Trend Of Slower Housing Starts In July, Says Cmhc

Ontario bucked a national trend that saw the pace of construction of new homes slow in July, the Canada Mortgage and Housing Corp. said Friday. CMHC’s seasonally adjusted annualized rate of housing starts fell by 9.6 per cent in July to...
Related topics: Canada

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Invesco Mortgage Capital Inc (ivr) Q2 2019 Earnings Call Transcript

Image source: The Motley Fool.Invesco Mortgage Capital Inc (NYSE: IVR)Q2 2019 Earnings CallAug 8, 2019, 9:00 a.m. ETOperatorContinue reading
Related topics: Invesco, US Equity Markets

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