Archive for Mortgage
Home-Builder Stocks Bounce Back as Mortgage Rates Slide
Posted by: | CommentsRenewed optimism has lifted home-builder shares this month, but investors remain cautious
Shares of home builders battered during 2018 have soared so far this year, an optimistic sign for the U.S. economy amid fresh worries over a stagnant housing market and slowing global growth.
Although housing data remain decidedly mixed, the National Association of Home Builders’ housing-market index showed home-builder confidence rebounded this month. It was helped by a gradual decline in mortgage rates, along with strong employment growth…
Home-Builder Stocks Bounce Back as Mortgage Rates Slide
Singapore Is Seeing an Unprecedented Mortgage Slowdown
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Rising interest rates, latest curbs have slowed home lending
- Lack of demand may accelerate decline in city’s house prices
Rising interest rates and the latest round of property curbs have put the brakes on mortgage demand at Singapore’s banks, potentially further dragging down the city’s housing market.
Home-loan growth slowed to 1.9 percent in the first 11 months of 2018, less than half the 4.2 percent increase posted in 2017, the latest Monetary Authority of Singapore data show. Mortgage growth will stay stuck below 2 percent this year, according to Diksha Gera, an analyst at Bloomberg Intelligence…
Low down payment mortgages are creeping their way back into the market like a cat sneaking up on an unsuspecting mouse. The only difference here is that the mouse is a million dollar crap shack with a 30-year mortgage attached to it. People forget that Freddie Mac and Fannie Mae, the massive Government Sponsored Entities were nationalized U.S.S.R. style during the Great Recession. Now that times are good all caution is being thrown into the wind and we are setting up the stage for Irrational Exuberance Part II. The U.S. economy is built for boom and bust cycles. Massive credit expansion is occurring and while people are working, their dollars are not stretching as far as they would expect. In San Francisco, you are now considered “low income” if you make less than $117,000 a year. That makes sense when a standard home sells for $1.5 million. So now we have Freddie Mac attempting to push 3% down mortgages on a much larger scale since many people are priced out. What can possibly go wrong?…
One Risk to the Economy — A Slowdown in Lending: DealBook Briefing
Posted by: | CommentsGood Thursday. Here’s what we’re watching:
• A slowdown in lending could pose a threat to the economy.
• Could oil prices return to $100 a barrel next year?
• Walmart’s journey to its biggest deal.
• How Michael Cohen made $2 million as a gatekeeper.
• The latest fallout from Trump’s foreign policy…
One Risk to the Economy — A Slowdown in Lending: DealBook Briefing
RBS Agrees to Pay $4.9 Billion to Settle U.S. Mortgage Probe
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Deal removes ‘uncertainty’ over the potential cost, CEO says
- Lender must still hash out final terms with U.S. authorities
Royal Bank of Scotland Group Plc said it reached a tentative agreement to pay a $4.9 billion penalty to resolve a long-running U.S. probe into its packaging and sale of mortgage-backed securities before the 2008 financial crisis.
While most of the cost will be covered by money the company already set aside, the deal will cut second-quarter earnings by $1.44 billion, the bank said in an emailed statement. Analysts had estimated the firm would pay more to resolve U.S. scrutiny of its mortgage business. At Deutsche Bank AG they projected $9 billion, and at Bloomberg Intelligence more than $11 billion…
Jumping Mortgage Rates Further Tighten Debt Vise for Canadians
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Almost 50% of existing mortgages are up for renewal in 2018
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Households set to feel pinch of higher rates, economist warns
The indefatigable ability of Canadians to shoulder an ever increasing mountain of debtis being tested.
America’s Mortgage Market Is Still Broken
Posted by: | CommentsTen years after the 2008 crisis, crucial flaws need fixing.
Regulators have done a lot to reform the financial system since the 2008 crisis, but they still haven’t fixed the market where the trouble started: U.S. mortgages. It’s an omission they need to put right before the next crisis hits.
Danish Mortgage Lenders Told to Stop Whining About Capital Rules
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FSA’s Berg says refinancing is real threat to mortgage system
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Banks are capable of meeting Basel III capital demands: Berg
Denmark’s mortgage industry needs to stop complaining about the cost of complying with new capital rules for banks and focus on more pressing challenges, according to the country’s top financial regulator…
Danish Mortgage Lenders Told to Stop Whining About Capital Rules