Loans

  • 3 Reasons Financial Select Sector SPDR Fund Could Fall

    There are certainly a lot of reasons to like the financial sector right now. For example, banks are much better capitalized than they were before the financial crisis, and they have shed a lot of the bad assets from their balance sheets. It's tough to make a case against the Financial Select Sector…

    Motley Fool
  • Must-read: Why mortgage rates decoupled from the 10-year bond

    Mortgage rates are the lifeblood of the housing market. This is why the Fed began quantitative easing (or QE) in the first place. Mortgage rates continue not to correlate with movements in the bond market Over the past several months, mortgage rates and the ten-year bond yield have stopped…

    Market Realist
  • Citigroup and Bank of America Offer Mortgages With Discounted Rates

    Citigroup Inc. and Bank of America Corp. will provide mortgages at discounted interest rates as part of their efforts to help borrowers with low incomes or subprime-credit histories. Citigroup, the seventh-largest mortgage lender by volume in the U.S., has agreed to fund 15-year fixed-rate…

    The Wall Street Journal
  • Gen X needs to be more prepared for retirement

    Members of Generation X face the daunting task of planning for a retirement that will likely include no pension, a potential Social Security haircut, stagnant wages and high education costs for them and their children. Sandwiched between 80 million baby boomers and 78 million millennials,…

    CNBC
  • Student-Loan Borrowers Have Chance to Refinance at Lower Rates

    Borrowers who want to lower the interest rate on their federal student loans have a new option. announced on Tuesday that it is accepting applications from both parent and student holders of federal loans to refinance into private loans at the Providence, R.I.-based bank. Some borrowers who have…

    The Wall Street Journal
  • Why Fannie Mae securities sold off to close at 104 28/32

    Why Fannie Mae securities sold off to close at 104 28/32 The FOMC meeting will dominate real estate headlines this week (Part 5 of 6) (Continued from Part 4) Fannie Mae TBAs When the Federal Reserve talks about buying mortgage-backed securities (or

    Market Realist
  • 1 Tip To Lose Belly Fat

    It's Hollywood's Hottest Diet And Gets Rid Of Stubborn Fat Areas Like Nothing Else.

    AdChoicesagoodcooksSponsored
  • Sears Borrowing $400 Million From Affiliates of Eddie Lampert’s ESL

    Sears Holdings Corp. (SHLD) has made a filing with the Securities and Exchange Commission (SEC) indicating that it will borrow some $400 million via a short-term loan with groups named JPP II LLC and JPP LLC. What shareholders may take issue with is that these entities are affiliated with Eddie…

    24/7 Wall St.
  • Fannie and Freddie—Financial Zombies That Deserve a Burial

    The two mortgage market behemoths are “former” GSEs in the sense that for the past six years, rather than being sponsored by the federal government, they’ve been its wholly owned subsidiaries.  Washington had to bail out Fannie and Freddie when the mortgage market tanked during the financial crisis…

    The Fiscal Times
  • BofA Execs Promise Restraint on Mortgages

    Corp. executives seem to have a sort of mantra on some of their old mortgage practices: We won't do In a presentation Tuesday, the two new co-heads of Bank of America's consumer banking behemoth noted how in years past, their firm had run after non-customers and boosted its mortgage machine by…

    The Wall Street Journal
  • What Does It Take to Buy a Home? Many Don't Fully Know

    "If we can dispel the common myths and demystify the steps toward home ownership, we may be able to help more people buy homes and build communities," said Franklin Codel, head of Wells Fargo Home Mortgage Production. In fact, Mr. Codel said Federal Housing Administration, or FHA, mortgages…

    The Wall Street Journal
  • Why are refinance applications continuing their downward spiral?

    Why are refinance applications continuing their downward spiral? Mortgage applications review: Key points for REIT investors (Part 4 of 4) (Continued from Part 3) The MBA Refinance Index falls again The Refinance Index fell 11% (from 1,416 to 1,265)

    Market Realist