If they own stocks or bonds, they might not want to sell with both markets crashing simultaneously. Or they may be out of options altogether and their home is their Read more
Tag: real estate credit
Bank of Ireland Fined EUR100.5 Mln for Mortgage Account Failures
By Kyle Morris Bank of Ireland has been fined 100.5 million euros ($97.8 million) by the Central Bank of Ireland for regulatory breaches relating to mortgages for accounts impacted between Read more
How to save $50,000 over your lifetime — and win the battle against inflation
Here’s a potential inflation hedge to save money in a time of rising costs and interest rates: a rising credit score. People with “very good” credit scores could avoid nearly Read more
Fannie Mae launches pilot program to include on-time rent payments in credit reports. Here’s why this could be a game changer for renters.
When tenants pay their rent on time, it largely fails to improve their credit scores, while homeowners reap the benefits of better credit by making their mortgage payments. That lopsided Read more
Mortgage applications fall and adjustable-rate mortgages make a comeback
The numbers: After a brief uptick, mortgage applications resume their downward spiral as home buyers get hammered by steep mortgage rates. As rates march towards 7%, buyers have pulled back Read more
Weekend reads: How to manage your finances when inflation is high and interest rates keeping shooting up
Financial markets have reacted in shock to the Federal Reserve’s strengthened vow to continue tightening of monetary policy to fight high inflation. The S&P 500 has declined 10.5% over the Read more
These are the most — and least — vulnerable housing markets if the U.S. heads into a recession
With interest rates on a 30-year mortgage topping 6%, the housing market is under pressure. Some cites are feeling the brunt more than others. If a major downturn hits the Read more
Mortgage applications rise for the first time in six weeks, even with rates rising to 6.25%
The numbers: Home shoppers are fed up waiting for the economy to turn, and with the prospect of further rate hikes, they’re slowly coming around to purchasing new homes and Read more
Mortgage applications rise for the first time in six weeks, even with rates rising to 6.25%
The numbers: Home shoppers are fed up waiting for the economy to turn, and with the prospect of further rate hikes, they’re slowly coming around to purchasing new homes and Read more
‘Some companies are closing their doors, others are shutting down divisions’: Rocket CEO outlines plans to navigate the dramatic decline in mortgages
The mortgage industry is struggling with higher rates and a sharp drop in buyer demand. Rocket RKT, +0.53% says it’s got a plan to turn things around. There’s turmoil in Read more