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Keyword: mortgages

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  • The Biden Federal Housing Administration is Now Guaranteeing Mortgages for Illegal Aliens with DACA Status

    03/15/2021 3:52:26 PM PDT · by george76 · 36 replies
    Big League Politics ^ | Mar 15, 2021 | Jose Nino
    Dreamers” will have an easier time receiving home loans from the Biden administration. According to James Fulford of VDARE, the “Dreamers” — illegal aliens whose illegal parents allegedly brought them stateside when they were children — will now be eligible for home loan applications thanks to a change in FHA policy that was brought about right before President Joe Biden took office. Juan Carlos Chavez of The Tampa Bay Times noted that the sudden shift in policy “reflects a contrast in approaches toward immigration by the Biden and Trump administrations.” The previous Trump administration did make genuine efforts to restrict...
  • New Home Sales Rocket Beyond Expectations

    02/24/2021 11:30:12 AM PST · by qaz123 · 53 replies
    Breitbart ^ | 24Feb21 | J Carney
    Sales of new homes soared in January to a blistering seasonally adjusted annualized rate of 923,000, the Commerce Department said Wednesday. That puts sales 4.3 percent above the revised December rate of 885,000 and 19.3 percent above the January 2020 estimate.
  • US Home Prices Accelerate At Fastest Pace Since 2014, Yet, Headlines Keep Proclaiming No Inflation

    02/23/2021 7:32:41 AM PST · by SeekAndFind · 101 replies
    Phil's Stock World ^ | 02/23/2021 | Tyler Durden
    According to the latest data from S&P CoreLogic Case-Shiller, US home prices in the top 20 cities rose at a stunning 10.10% year-over-year - its fastest acceleration since 2014...Source: BloombergThat is a price rise that is five times The Fed's 'mandated' level of inflation.Phoenix, San Diego and Seattle posted the biggest gains in prices. Nationally, the Case-Shiller index jumped 10.4% in December, also the biggest surge since 2014.Historically low mortgage rates have fueled a pandemic housing rally, with scant inventory of homes to buy helping to boost prices.As in the housing boom of the mid-2000s, home prices are rising faster...
  • A Third Of All US Homeowners Own Property Worth Double The Underlying Mortgage

    02/10/2021 7:42:29 PM PST · by SeekAndFind · 38 replies
    Truly Times ^ | 02/10/2021 | Tyler Durden
    In the midst of a virus pandemic, with millions of Americans out of work facing housing and food insecurities, the Federal Reserve has managed to keep interest rates near zero, unleashing a real estate boom, the likes of which hasn't been seen in years. The central-planning mega brains at the Marriner Eccles building in Washington, D.C., have managed to boost home prices almost everywhere. The latest S&P CoreLogic Case-Shiller index of property values is accelerating at the fastest pace since May 2014. Although the full history of the pandemic's impact on the housing market is yet to be determined, housing...
  • personal investments management during a civil war

    12/05/2020 5:18:14 AM PST · by SteveH · 185 replies
    me | 2020-12-5 | me
    any thoughts? i am thinking * payoff mortgage immediately * divest from all stocks, mutual funds, bonds 50% now, 25% next week if bad news continues * move into precious metals now, 50% from cash in bank now, 25% next week if bad news continues * pay off any mortgage (if overall finances allow, eg, if mortgage currently being used as income tax dodge) * (current blue state residents) prepare for possibility of a need to leave home with very little advance notice, travel to nearest solid red state - have or buy a decent auto, preferably 4x4 truck. plan...
  • January Is Going To Be A Mess - A Tsunami Of Evictions Expected Across US

    10/23/2020 12:24:00 PM PDT · by Roman_War_Criminal · 23 replies
    PNW ^ | 10/22/20 | Tyler Durden/Activist Post
    The Trump administration walked back federal protections for renters in early October, even though rent moratoriums were still in effect, which allowed property owners and operators to begin the eviction process for millions of people as tens of billions of dollars in back rent is coming due. In early September, the CDC published new, temporary guidelines to halt evictions because of the virus pandemic. The public health agency said: The CDC, located within the HHS announces the issuance of an Order under Section 361 of the Public Health Service Act to temporarily halt residential evictions to prevent the further spread...
  • Bin Laden the Communist

    09/10/2007 10:17:29 AM PDT · by Tailgunner Joe · 10 replies · 845+ views
    washingtonpost.com ^ | September 10, 2007 | William M. Arkin
    Since Osama bin Laden made his first appearance in almost three years on Friday, the government and the news media have exhaustively scrutinized his video for clues as to the Saudi terrorist's whereabouts and well-being. ...his message has been dismissed as meaningless psychological warfare and propaganda, put forward in a claim for relevance on the sixth anniversary of September 11. But what bin Laden actually says in his "message from Sheikh Osama bin Laden to the American people" has the potential to be quite revealing. Gone is any mention of Israel, of the Christian and Jewish crusaders, or of the...
  • 30% Of Americans Missed Their Housing Payments In June

    06/22/2020 4:50:29 PM PDT · by Enlightened1 · 35 replies
    CNBC ^ | 06/16/20 | Alicia Adamczyk
    As the United States continues to face record unemployment due to the coronavirus pandemic, 30% of Americans missed their housing payments in June, according to a survey by Apartment List, an online rental platform. That’s up from 24% who missed their payment just two months earlier in April and about on par with the 31% who missed payments in May. Renters, younger and lower-income households and urban dwellers were the groups most likely to miss their housing payments, Apartment List found.   At the same time that this “historically high” rate of Americans are missing their housing payments, eviction protections put in place at...
  • Vanity: Anyone tried a mortgage re-fi lately? Where is the best value?

    03/22/2020 10:59:18 AM PDT · by Eccl 10:2 · 84 replies
    03/22/2020 | me
    I'm specifically looking for a cash-out refi, low rate, low expense. Thanks.
  • Mortgage Market Reopens to Risky Borrowers

    08/21/2019 8:25:03 AM PDT · by Mariner · 20 replies
    The Wall Street Journal ^ | August 21st, 2019 | By Ben Eisen
    The risky mortgage is making a comeback. More than a decade after home loans triggered the worst financial crisis in a generation, the strict lending requirements put in place during its aftermath are starting to erode. Home buyers with low credit scores or high debt levels as well as those lacking traditional employment are finding it easier to get credit. The loans have been rebranded. Largely gone are the monikers subprime and Alt-A, a type of mortgage that earned the nickname “liar loan” because so many borrowers faked their income and assets. Now they are called non-qualified, or non-QM, because...
  • Trump signs Sinema bill to protect vets from predatory mortgages

    08/13/2019 11:13:15 AM PDT · by KC_Lion · 26 replies
    AZPM ^ | 29 July 2019 | Christopher Conover
    (Audio Link at Source)President Trump signed Sen. Kyrsten Sinema's bill July 25. The proposal closes a loophole in federal law that allowed some veterans to get caught up in predatory home refinance deals. The problem was certain VA loans could be easily churned, or resold. The new law prevents that from happening before a cooling-off period. "So veterans won't get stuck with these refinancing fees over and over again," said Sinema.
  • In Denmark, 20-year mortgage rates just fell to zero for the first time ever

    08/09/2019 8:19:59 AM PDT · by C19fan · 43 replies
    Fox News ^ | August 9, 2019 | Megan Henney
    U.S. mortgage rates may be low, but they're likely even more attractive to homebuyers in Denmark. Danish 20-year fixed-rate mortgage loans just hit a new low: Zero.
  • Fannie and Freddie Back More Mortgages of Those Deeply in Debt

    05/13/2019 5:09:28 AM PDT · by reaganaut1 · 18 replies
    Wall Street Journal ^ | May 13, 2019 5:30 a.m. ET | Ben Eisen
    The gatekeepers of the American mortgage market are increasingly backing loans to borrowers who have heavy debt loads, highlighting questions about mortgage risk as policy makers debate ways to change the system. Almost 30% of loans that mortgage giants Fannie Mae and Freddie Mac packaged into bonds last year went to home buyers whose total debt payments amounted to more than 43% of their incomes, according to an analysis by industry research group Inside Mortgage Finance. The share has nearly doubled since 2015. Data on other government mortgage programs also show an increase. The backing of these loans opens up...
  • SHELLPOINT REPRESENTATIVE ADMITS UNDER OATH THAT MERS IS NOT THE BENEFICIARY OF A DOT

    08/18/2018 9:26:18 AM PDT · by RideForever · 53 replies
    Foreclosure Defense Nationwide ^ | July 26, 2018 | Jeff Barnes, Esq., www.ForeclosureDefenseNationwide.com
    Today, during a deposition of the designated representative of the Bank of New York as Trustee for a Countrywide CWMBS securitization, the representative (who is an attorney and employee of the servicer Shellpoint) admitted under oath that MERS is not the true beneficiary of a Deed of Trust (DOT) despite claiming to do so, as the Beneficiary is the lender and MERS is not and was never the lender. The representative also admitted that the Substitution of Trustee filed by a law Firm and signed by Shellpoint (as a dba of New Penn Financial) contained a false statement that the...
  • LoanStream Mortgage plots expansion, plans 30-state hiring spree

    08/07/2018 6:03:06 PM PDT · by 2ndDivisionVet · 7 replies
    Housing Wire ^ | August 7, 2018 | Ben Lane
    LoanStream Mortgage, a California-based mortgage lender that specializes in wholesale lending through mortgage brokers and consumer direct lending through a series of branches, is planning a serious nationwide expansion. The company announced Tuesday that it is plotting a 30-state expansion and plans to hire a boatload of mortgage professionals to lead that growth. The company offers conventional loans, Federal Housing Administration loans, as well as a growing set of mortgages outside the Qualified Mortgage box, including loans up to $10 million and loans to borrowers without permanent residency. The company’s “NanQ” lending program offers stated income, verified asset loans for...
  • Freddie Mac to help unemployed mortgage borrowers in high-need areas get a job

    06/19/2018 8:38:40 PM PDT · by 2ndDivisionVet · 19 replies
    Market Watch ^ | June 14, 2018 | Andrea Riquier
    Mortgage financier Freddie Mac on Thursday announced a program to help unemployed homeowners find a job, part of the federally required initiative known as “Duty to Serve” that requires Freddie and its counterpart Fannie Mae step up their efforts to serve low- and moderate- income communities. In particular, Duty to Serve directs the two enterprises to improve their activities in manufactured housing, rural housing and preservation of existing affordable housing. The new initiative builds on a 2015 pilot program between Freddie and job-placement firm NextJob. That pilot included 700 participants, of whom half were considered long-term unemployed. Qualified participants averaged...
  • Odd things tucked into the GOP tax plan

    12/04/2017 6:32:25 PM PST · by golux · 22 replies
    Axiom ^ | December 2, 2017 | Haley Britzky
    The GOP tax plan was passed through the Senate Friday night in a 51-49 vote. There are a number of things included in the last-minute text, including a provision by Sen. Gardner of Colorado that exempts Kombucha, a fermented tea drink, from alcoholic taxes and regulations. Why it matters: These are small examples of what got slipped in the bill last-minute as the Senate vote neared, and some reveal senators' pet projects back in their home states. Odd amendments included in the tax plan: Sen. Orrin Hatch Prohibit things like cash and gift cards to be given as employee achievement...
  • New American Funding Launches Training Program for Mortgage Professionals

    11/02/2017 12:01:01 PM PDT · by 2ndDivisionVet · 1 replies
    Cision ^ | November 2, 2017
    TUSTIN, Calif., Nov. 2, 2017 /PRNewswire/ -- New American Funding, a leader in the mortgage industry, announced today the launch of its new STEP program, a corporate training curriculum that's designed to prepare people for a career in mortgage banking. STEP, which is Specialized Training Empowering People, is a nationwide program that was developed by the company to equip people for working in every aspect of the industry. STEP provides live weekly online and onsite classes that cover a spectrum of topics ranging from the fundamentals of mortgage banking to compliance education to the specifics about loan products. It's designed...
  • Here’s what it looks like when foreclosure ‘pig’ moves through housing-crisis ‘python’

    07/25/2017 8:06:16 AM PDT · by Lorianne · 19 replies
    Market Watch ^ | 25 July 2017 | Andrea Riquier
    As the effects of the housing crisis further recede, markers of distress are declining, with one notable exception: Among the batches of severely delinquent mortgages bought by institutional investors, foreclosures are on the rise. The trend is a reminder of the reasons many community advocates resisted allowing institutional investors to buy delinquent mortgages in government auctions that began in 2010. Wall Street, those advocates said, shouldn’t be rewarded for its role in creating the housing crisis with the chance to buy for pennies on the dollar the very assets whose values it dented. The government auctions promised a risk-sharing solution...
  • Genpact to open office in Jacksonville, hiring up to 200 ($53,000 a year in Florida)

    06/27/2017 6:10:55 PM PDT · by 2ndDivisionVet · 10 replies
    The Florida Times-Union ^ | June 21, 2017 | Roger Bull
    A business services company is opening an office in Jacksonville, with plans to hire up to 200 people in its first year. Genpact’s office will open next month in Capital Plaza office park on Deerwood Park Boulevard on the Southside. The company provides a variety of services across multiple industries. But a spokeswoman said Wednesday that when the Jacksonville office opens, it will provide mortgage processing services for one particular client that she would not name. The work will include processing, underwriting, closing and with quality assurance and HR positions. The non-supervisory positions will average $53,000 a year, and some...