NASHVILLE — A mortgage industry group is expecting a recession to hit the U.S. economy. “We’re forecasting a recession for next year,” Mike Fratantoni, senior vice president and chief economist Read more
Tag: real estate credit
Huntington Bancshares takes long view as other banks scramble on mortgages, auto loans and lower deposits
Huntington Bancshares Corp. stock rallied Friday as the financial-services company raised its outlook for net interest income above Wall Street estimates while acknowledging the economic headwinds that have been challenging Read more
Ally Financial cuts view as it prepares for more auto loans that won’t be repaid
Ally Financial Inc. ALLY, -8.64% on Wednesday missed its third-quarter earnings and revenue targets and issued a weaker-than-expected profit outlook for the coming quarter, as the consumer lender marked down Read more
I invested $25,000 in repairs in my girlfriend’s house, and contribute 50% of the mortgage — but I’m not on the deed. What can I do?
Dear Quentin, I am 66 years old and moved in with my girlfriend, who owns her own house. I invested $25,000 in repairs, and have made half the mortgage payments Read more
How the 55% plunge in mortgage originations is hitting nonbanks: Fitch
Major U.S. banks already have been cutting staff and operations related to mortgage originations as interest rates have shot up and the roaring housing market has cooled in 2022. For Read more
Americans are souring on the housing market. Home buyer sentiment hits lowest level since 2011 — and mortgage rates reach 7%.
There’s no respite for home buyers these days. From rising rates, high home prices, and an uncertain economic outlook, shoppers are finding it hard to jump into purchasing a home. Read more
The ‘demoralizing’ process of buying a home in this unpredictable housing market. One home had 30 offers — and sold for $85,000 above asking.
First, they had to battle the pandemic-induced buying frenzy. Now, potential home buyers are struggling with sky-high mortgage rates. Between the start of the summer and into the fall, there’s Read more
‘He makes irresponsible choices’: My brother pays my mother’s mortgage and co-owns her home. How can I ensure that my other sibling and I each inherit 1/3 share?
Dear Quentin, My younger brother suggested I reach out to you for advice about our family’s home. My older brother’s and mother’s names are on the deed of the house. Read more
Weekend reads: What to expect now for home prices, stocks and bonds
This week Freddie Mac said the average interest rate on a 30-year mortgage loan in the U.S. had climbed to 6.70% from 6.29% the week before and 6.02% two weeks Read more
Weekend reads: What to expect now for home prices, stocks and bonds
This week Freddie Mac said the average interest rate on a 30-year mortgage loan in the U.S. had climbed to 6.70% from 6.29% the week before and 6.02% two weeks Read more