While homeowner equity increased overall during the fourth quarter of 2018, the number of homeowners with negative equity rose for the first time in 12 quarters. Homeowners who were underwater, owing more on their mortgage than the value of their home, rose by 35,000 although it declined year-over-year by 350,000 or 14 percent. The fourth quarter...Read More
The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index (MCAI) rose slightly in February. The Index, which measures any tightening or loosening of mortgage underwriting overall and by loan type, rose 0.6 percent to 180.1, indicating a relative easing of credit. The index was benchmarked to 100 in March 2012. The Conventional MCAI increased...Read More
In late 2017, MarketWatch published a story called “More Americans are buying new homes that haven’t even been started yet.” At the time, Rob Dietz, the chief economist for the National Association of Home Builders called it “a real confirmation of strong demand.”Read More
Facebook's cryptocurrency could be worth $19 billion?
Payments could help Facebook develop an entirely new revenue stream aside from advertising — something “sorely needed at this stage of the company’s narrative,” says Barclays internet analyst Ross Sandler.
Barclays see as much as $19 billion in additional revenue in its “upside case” for Facebook by 2021 if its cryptocurrency plans work out.
The social media giant is reportedly developing a cryptocurrency to use for peer-to-peer payments.
There was a time not so long ago that defeating inflation would have been considered a huge victory for the Federal Reserve.Read More
Over the past year, weekly fixed interest rates on single-family loans have soared 92 basis points. But little change was reported from last week, and more of the same is expected.On conventional loans utilized to finance a home purchase with amounts up to the conforming mortgage limit of $453,100, thirty-year...
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Fannie Mae's Home Purchase Sentiment Index (HPSI), a measure derived from the company's monthly National Housing Survey (NHS), was essentially unchanged in February, dipping 0.4 point from the January reading to 84.2. The Index is down 1.5 percentage points compared to February 2018. Fannie Mae said the largest change among the six index components was...Read More
The central bank official said she's downgraded her economic outlook as dangers have grown both domestically and from abroad....(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.Read More
You have to love some good ol Fortune 500 founder beef. Facebook Messagner founder Chris Cox says Mark Zuckerberg is violating the privacy of its users….. badly. Most millennials don’t spend much time on the Facebook app as is, so consider it deleted. Keep the feuds coming in the meantime.Read More
These are the best personal loan, installment loan and payday loan networks to work with for affiliates. We have worked with all of them and are always learning. We have ranked them below so you can learn what we already know.Read More
But the company is not content only serving real estate voyeurs. It wants a bigger piece of the housing market pie.Read More
It's no secret that Americans, on the whole, are behind on retirement savings. While it's one thing to be in your 20s or 30s with no nest egg, by the time you reach your 40s it's a bad situation.Read More
You've found the perfect place and may have even started deciding where to put the furniture, but you still have one big obstacle standing in your way: getting a mortgage.Read More
Mortgage rates dropped noticeably today, as the underlying bond market benefited from overseas developments.Read More
Net worth dropped to $104.3 trillion as the year came to an end, a slide of $3.73 trillion, according to figures released Thursday by the Fed.Read More
Europe took 11 of the top 20 spots on a ranking of cities with the largest price increases in the first quarter, according to global property agency Knight Frank.Read More
Earlier this week CoreLogic reported that the annual rate of appreciation in January, 4.2 percent, was exactly two-thirds the rate in January 2018.Read More
Insufficient income is keeping new homebuyers out of the market, according to a recent survey from Bankrate.com.Read More
Would you love to retire early?
So many people have that goal, and for a variety of reasons.Read More