Mortgages

Existing Home Sales Jumped 11.8% In Feb. As Mortgage Rates Fall, Sparking Sluggish Market

Existing home sales surged 11.8 percent in Feb. as mortgage rates tumbled, reviving a sluggish market. Yet sales are still down vs a year ago.        

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Friday: Existing Home Sales

From Matthew Graham at Mortgage News Daily: Mortgage Rates Move Deeper Into Long-Term LowsGranted, we're not back to the sub-4% mortgage rates that dominated much of the past 8 years, but breaking into the high 3% range is a valid consideration...

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Black Knight: National Mortgage Delinquency Rate Increased In February

CR Note: It is possible that some of the increase in the delinquency rate in February was due to late tax refunds.From Black Knight: Black Knight’s First Look: Bucking Historical Seasonal Trend, February Sees Delinquencies Rise; Prepayments Up 11...
Related topics: Taxes

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Top Ranked Value Stocks To Buy For March 21st

Here are four stocks with buy rank and strong value characteristics for investors to consider today, March 21st:Popular, Inc. (BPOP): This provider of numerous retail, mortgage and commercial banking products and services has a Zacks Rank #1 (Strong...
Related topics: Banking

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Why Shares Of Mr. Cooper Group Dropped 10% On Wednesday

Shares of mortgage company Mr. Cooper Group (NASDAQ: COOP) plunged 10.35% on Wednesday after an analyst downgraded the stock and predicted a "painful" period on the horizon.Mr. Cooper Group was created last year via a merger between Nationstar...
Related topics: Nasdaq, US Equity Markets

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Mortgage Applications Set A Record For The Third Straight Week

Total mortgage application volume rose 1.6 percent last week from the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.        

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Wednesday: Fomc Announcement

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.• During the day, The AIA's Architecture Billings Index for February (a leading indicator for commercial real...
Related topics: FOMC

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Cherry Hill Mortgage (chmi) Q4 Earnings And Revenues Surpass Estimates

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cherry Hill Mortgage Investment Corporation (CHMI): Free Stock Analysis Report To...

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"mortgage Rates Hold 14-month Lows"

From Matthew Graham at MortgageNewsDaily: Mortgage Rates Hold 14-Month LowsMortgage rates didn't budge today--a logical result with no signs of life in underlying bond markets. In the current case, this is just fine with us considering the bond...

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A Reverse Austrian Business Cycle Theory

Did tight money from the Fed place too high a penalty on deposit funding of mortgages?: Between 2003 and 2006, the Federal Reserve raised rates by 4.25%. Yet it was precisely during this period that the housing boom accelerated, fueled by rapid...
Related topics: Fed

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Now Could Be A Great Time To Buy The Home-builder Sector

From Philip Van Doorn: What a difference a few months can make. During 2018, and especially during the fourth quarter, investors were concerned about rising interest rates and were beginning to fear that a recession was looming. Mortgage-loan...

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Homebuilding Industry Outlook: Near-term Prospects Bleak

The Zacks Building Products - Home Builders industry comprises manufacturers of residential and commercial buildings. Some of the industry players are involved in providing financial services that include selling mortgages and collecting fees for...

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4 Key Tax Breaks Homeowners Should Know About

Owning a home is a major undertaking. Not only are you responsible for your mortgage payments, but you also need to contend with property taxes, insurance, maintenance, and repairs. The good news, however, is that your home might serve as a source...
Related topics: Taxes

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Why You Might Not Want To Pay Off Your Mortgage Early

Many financial planners, myself included, often advise people against paying extra toward their mortgage -- especially if their mortgage has a historically low interest rate like many originated in recent years do.There are some good reasons for...

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Mortgage Fraud

A real estate fraudster who targeted victims with limited English proficiency was sentenced for swindling homeowners and would-be homeowners out of more than $1 million.

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Americans Are Buying Homes -- But Skimping On Their Down Payments

Owning a home has long been the American Dream, but attaining that dream often hinges on one key thing: coming up with a down payment. You'll often be required to put down at least 20% of your home's purchase price to get approved for a mortgage,...

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Women Who Mean Business 2019: Lisa Ledesma

She helps people get mortgages for their first homes, helps high school students learn financial literacy and competes in triathlons.

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Mortgage Rates Sink To The Lowest Level In A Year

From Steve Goldstein: Mortgage rates skidded last week to the lowest level in a year. Freddie Mac said the 30-year benchmark mortgage rate fell 10 basis points to 4.31% in the week ending March 14. The 15-year fixed rate fell to 3.76% from 3.83%,...
Related topics: Freddie Mac

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Pmt Or Invh: Which Is The Better Value Stock Right Now?

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PennyMac Mortgage Investment Trust (PMT): Free Stock Analysis Report Invitation Home...

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Manafort Indicted In Manhattan

Paul Manafort has been indicted by the Manhattan District Attorney’s Office, according to court documents obtained by NBC News. “Manafort was indicted on 16 counts tied to residential mortgage fraud and conspiracy, the indictment...

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