Hints and tips:
...From the WSJ: “I like to call it the ‘golden handcuffs’ of mortgage rates,” said Odeta Kushi, deputy chief economist at First American Financial Corp....
...Higher yields on ultra-safe Treasuries have made these long-dated, jumbo home mortgages look less attractive....
...Other independent lenders, including Sprout Mortgage and First Guaranty Mortgage Corp, have gone out of business....
...The rapid acceleration has threatened to cool a strong housing market, as Americans — many working from home during the coronavirus pandemic — took advantage of lower mortgage rates to buy housing, in the...
...In December, Sarver agreed to sell the Suns — and WNBA sister franchise the Mercury — to mortgage lending billionaire Mat Ishbia for an NBA record $4bn....
...This poses a problem if Fannie and Freddie need to tighten lending standards in certain areas, such as New Orleans, or impose mortgage insurance costs that could stifle borrowing....
...In April, mortgage lending in Italy and Portugal was up 3 per cent compared with April last year, say the same ECB data — and is expected to continue to grow, according to the central bank’s latest lending...
...Remember when the “efficient” market in mortgage lending almost destroyed the entire US economy? Apparently O’Leary has a short memory....
...Wells Fargo’s mortgage business had a bumper quarter behind a wave of home refinancings, and Bank of America saw fees rise in its credit card business....
...As 1.3bn Indians are locked inside their homes in the coming three weeks, internet and mobile services will be of vital importance to receive information, work from home and stay in touch with friends and...
...In return, the companies will pay a fee to be set by the FHFA, and will have to continue to support lending for poorer and more remote families....
...competitive lending rates and sparking a mortgage price war over the past month....
...A capex increase will be required, in our view, given the company’s plan is to cover only 4 homes with fibre by March 2021, but the question is when....
...Instead, they shoulder financial risks on loans that are underwritten by commercial mortgage companies....
...He describes not ditching business generated by mortgage brokers — who set the terms on home loans and then came to the bank to underwrite them — as “the worst thing we missed”....
...A good chunk of the alternative lending goes through mortgage investment corporations — private, provincially-registered vehicles selling shares to the public to buy pools of mostly short-term home loans...
...So the news that his firm Terra Firma is handing over the keys of care home group Four Seasons to its lenders comes at the worst possible time....
...The company continues to home in on people in their 20s and 30s with good salaries and good prospects. Mr Cagney has called them “Henrys” — short for “high-earning, not rich yet.”...
...“Homes are selling . . . people are refinancing.”...
...“If [they] were not in the market, then the American dream of owning your own home would be significantly hurt,” he said....
...When Mr Long was made redundant, he had trouble meeting the mortgage payments. The company that owned the debt started repossession proceedings....
...A US court better known for hearing tax refund complaints has become the preferred venue for shareholder lawsuits against the US government over its rescues of AIG, and mortgage finance companies Fannie...
...He told the same hearing: “I’ve spent my life trying to lower the barriers of entry for Americans to own homes.”...
...Mortgage lending has dropped in the US as a refinance boom ended, while lending for new purchases has been slow to pick up....
...For conforming home loans that meet the guidelines of mortgage finance companies Fannie Mae and Freddie Mac, the cost has risen by 14 basis points compared to the pre-crisis period, the report said....
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