Analysis: Black homebuyers more than twice as likely as whites to be denied mortgages

Analysis: Black homebuyers more than twice as likely as whites to be denied mortgages

Black homebuyers in America are more than twice as likely to be denied a home mortgage as are white homebuyers, even when controlling for
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Mortgage Rates Edge Lower to Remain in Recent Range

Mortgage rates rose to the week's highest levels yesterday, but they moved back down today. Although there have been slightly better days over the
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Cut prediction: Rocket Mortgage Classic

To follow live finish probabilities throughout the remainder of the Rocket Mortgage Classic, or to see how each golfer's probabilities have evolved from
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World's Rich Want More Feel-Good Investments From Their Private Banks

Some of the world's richest people may take their money away from private bankers and wealth managers unless they offer more impact investments
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Rocket Mortgage Classic: US Open champ Gary Woodland could miss cut

Gary Woodland was on top of the world after winning the 2019 U.S. Open two weeks ago, and coming into Thursday's Rocket Mortgage Classic,
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Cure banking ills

The International Monetary Fund yesterday advised the government of Bangladesh to reduce the vulnerabilities in the banking sector with a view to
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Paul Manafort pleads not guilty in New York mortgage fraud case

NEW YORK — Paul Manafort, the imprisoned former chairman of President Donald Trump's 2016 campaign, pleaded not guilty Thursday in New York
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Industry trends are taking shape in this Arizona town with 300+ healthcare establishments

The healthcare market in Gilbert, Ariz., is booming, with new entrants … at commercial real estate company Avison Young who was interviewed by CI.
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Rocket Mortgage Classic Round 2 tee times, groupings, TV/streaming info, hole locations

The PGA Tour returns to Michigan for the first time in a decade for the inaugural Rocket Mortgage Classic at Detroit Golf Club. The North Course was
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Fowler: Kisner, Howell 'had a little more of a stress-free round than I did'

At the Rocket Mortgage Classic, Kevin Kisner, Rickie Fowler and Charles Howell III recap their Round 1 play together.
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Home sales hit a high note

More good news (if you're selling your home): It's a seller's market, … what else you need to know about the current condition of the real estate market:
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Centennial Lending to build headquarters in Firestone

FIRESTONE — Centennial Lending LLC has received approval from the Firestone board of trustees for its plans to build a new national headquarters
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Recreational Property Guide 2019: The hottest real estate commodity in BC?

“I've been in the real estate business in British Columbia for 50 years,” Nielsen … Rudy Nielsen, who tracks the B.C. property market, says recreational
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Key Factors Impacting Inventory and Home Flipping

… Media, a division of ATTOM Data Solutions that publishes real estate reports and … What are some of the noteworthy trends occurring in that sector?
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EU Banks to Deploy Instant Payments System in Response to Competition From Libra

European Union banks could have an instantaneous payments system in place by 2020, Reuters reports on June 26. Per the report, real-time
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Quantum Real Estate Advisors hires Lenhoff as new VP

Chicago-based Quantum Real Estate Advisors, Inc. has appointed Jason R. Lenhoff as vice president. Lenhoff is a veteran in the commercial real
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Harvard: LA-Long Beach-Anaheim metro is most cost-burdened housing market in the nation

The Los Angeles-Long Beach-Anaheim metro area is the most cost-burdened housing market in the nation, according to new research from the Joint
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Asset quality in banking sector may improve in 2020, show RBI stress tests

The quality of assets in the banking sector may improve in 2020, show stress tests conducted by the Reserve Bank of India (RBI). In a baseline
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Live Well Financial CEO says lawsuit by Michigan bank should be dismissed

The founder and CEO of defunct mortgage lender Live Well Financial wants a federal court to dismiss a lawsuit filed against him by a Michigan-based
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Uber Plans to Launch Boat Taxis in Nigeria's Biggest City

Uber Technology Inc. is planning to launch its boat business in Lagos, Nigeria's commercial capital and biggest city, to beat traffic congestion.
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Carlo Giugovaz: Thought-Leader Who Bets on Banking Industry Innovation

Carlo Giugovaz: Thought-Leader Who Bets on Banking Industry Innovation

He has more than 35 years' experience in banking industry and started out on a new path – that of entrepreneur – by founding Supernovae Labs,
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Is it taboo to talk about why people aren't saving?

Freddie Mac is out with a survey on US housing today and the results are illuminating. What stands out to me is that 72% of low-income renters said
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Apple Design Chief Ive Leaving to Form Independent Company

Apple Inc.'s chief designer Jony Ive is leaving after decades at the iPhone maker to form an independent company — with Apple as one of its primary
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Tech tools to make real estate life a bit easier

For real estate investors, it's important to always be on the lookout for new tools, processes, resources, and best practices to help improve your
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OPEC+ Grapples Oil Risks From Trade War to Mideast Conflict

“We're gyrating between two stories — a trade war and a shooting war,” said Helima Croft, chief commodities strategist at RBC Capital Markets in New
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RBC industrials investment banking co-head moves to Jefferies: sources

(Reuters) – Royal Bank of Canada's co-head of industrials investment banking Glenn Riedman has resigned to join the investment banking arm of
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Manafort pleads not guilty to pardon-proof New York charges

Manafort is accused of making false statements on mortgage applications to banks about a property on Howard Street in Manhattan's SoHo
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Labour would crash housing market warns senior industry figure

The latest report commissioned by the Labour party to resolve the UK's housing problems would crash the housing market rather than resolve it.
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Bay Area home prices slump for second time in three months

Dragged down by sluggish markets in Alameda and Santa Clara counties, Bay Area median home prices and sales dropped for the. The median sale
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Caroline Kennedy lists her mother's getaway on Martha's Vineyard for $65 million

At first, the only structure was a cabin built in the 1800s. In the early 1980s the former first lady built a house, designed by Hugh Newell Jacobson.
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With Numbers Balancing, Fresno Council Passes $1.1 Billion Budget

Mike Karbassi entered Wednesday's GV Wire forum for the Fresno city … I look forward to working with Andrew to create more housing and safe
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How to afford buying a house, from people who actually did it

The Washington Post calls the current real estate climate as a “buyer's market,” which means you can have the upper hand in negotiating closing
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Banking apps are disappointing Canadians: study

A growing number of Canadians are fed up with their mobile banking apps, according to a new survey. Marketing information firm J.D. Power found
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As Europe Suffers Heat Wave, Work Stalls at Global Climate Talks

Once working on a global scale, carbon markets may help reduce twice as much emissions at the same price as current policies, according to EDF's
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5 Top superstars who should win the 24/7 title

From Titus O'Neill to R-Truth, every title holder is a mid-card to lower … are five top superstars who should have a run with the company's newest title.
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Bay Area home prices fall 1.7% in May, biggest year-on-year drop in 7-plus years

The median price paid for a Bay Area home or condo last month was $860,000 in May, up 1.2% from April but down 1.7% from May of last year,
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Housing market on upswing in Dan River Region as realtors point to development, low interest …

When a Blairs home recently came up for sale, Trey Keen jumped on the opportunity, even though the 24-year-old Averett University graduate wasn't
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Regions names new heads of tech, M&A, consumer banking

Regions Financial in Birmingham, Ala., has shifted three executives into new roles, bringing new leadership to its consumer banking, corporate
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High Court Thwarts Trump on Census, Prompting Him to Seek Delay

The U.S. Supreme Court put on hold the Trump administration's plan to include a citizenship question on the 2020 census, prompting President
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RBI sees Indian banks' bad loans declining by March

June 27 (Reuters) – India's central bank on Thursday said the proportion of commercial lenders' non-performing assets (NPAs) may fall slightly to 9%
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New Dallas residential tower lands $95 million loan

New Dallas residential tower lands $95 million loan

… strong sponsors that own high-quality real estate,” Richard Flohr, managing director and portfolio manager for the CrossHarbor, said in a statement.
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Titan's Dinner, Fed's Daly, King of Snitches (Podcast)

Bloomberg News Global Economics and Policy Editor Kathleen Hays and Bloomberg Economics Chief U.S. Economist Carl Riccadonna discuss Fed
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Jony Ive, Star Designer of the iMac, iPod, and iPhone, to Leave Apple

Ive told Fortune in 1998 about Apple's second coming. “We wanted that … Catch up with Data Sheet, Fortune's daily digest on the business of tech.
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Flipping Out Over Real Estate… Again [Video]

Speculators looking for a “fast buck” turned to day trading in the late 1990s. After the ensuing bear market, house flipping became a fad. But the big
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CDK Global Announces Plan to Divest Digital Marketing Business

CDK Global Announces Plan to Divest Digital Marketing Business … The Company has engaged Allen & Company to identify potential buyers and
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Legislative changes will impact the sale of capital assets and real estate

The second change is related to the transfer of real estate or real property in Vermont. Under current law, the Property Transfer Tax only applies to the
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Nashville CEO gives $2M of his stock to employees

HealthStream Inc. employees can now add a new title to their business … It represents a gift of 78,520 shares in the company, or more than $2,400
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Independent revenues up by 12 per cent with 'marginal' drop in profits put down to editorial …

The title, which went digital-only with the closure of the print newspaper in … The company said the “marginal decline” in operating profits came as a
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Everyone Gets $1000 a Month in Andrew Yang's America

Every Democratic candidate running for president supports a higher federal minimum wage — everyone, that is, except tech entrepreneur Andrew
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WhatsApp's Latest Test Brings It and Facebook Even Closer Together

WhatsApp's Status feature lets users of the messaging app share posts with their friends for up to 24 hours, much like Snapchat Stories.
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Know This Before Buying Xiamen International Port Co., Ltd (HKG:3378) For Its Dividend

Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Today we'll take a closer look
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Return of the savvy buy-to-let landlord

“We're witnessing the rapid professionalisation of the buy-to-let sector,” says Aneisha Beveridge, the head of research at Hamptons International,
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Marco Rubio not buying de Blasio's Che Guevara ignorance

Marco Rubio not buying de Blasio's Che Guevara ignorance … lines as he urged largely immigrant workers at Miami International Airport to unionize in
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Paul Manafort confessed to mortgage fraud charges, Manhattan prosecutors say

“Mr. Manafort admitted, orally and in writing, to making misrepresentations in mortgage applications for proprieties located in New York, Kings and
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2019 Rocket Mortgage Classic scores: Low numbers define PGA Tour's return to Michigan

The PGA Tour's return to Michigan on Thursday at the Rocket Mortgage Classic at Detroit Golf Club was marked by low scores and loads of fireworks.
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Expeditors: Trade Fear Creates Long-Term Opportunity

The shares of Expeditors International of Washington, Inc. (EXPD) currently … out of the White House, investors have become concerned about the outlook for … However we tend to view international trade as long-term growth trend
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Here's what you missed from Round 1 of the Rocket Mortgage Classic

A brand new tournament is off and running this week: the Rocket Mortgage Classic, which is being played at Detroit Golf Club in Michigan.
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Would A Luxury Multifamily Market Be Welcome In University City?

Just as the multifamily market in Center City has proven, the most valuable real estate for apartments is as close to job centers as one can get.
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Home prices reach record high in Kahala

Home prices reach record high in Kahala … KAHALA, Hawaii (HawaiiNewsNow) – Home prices are up 6% this year in Kahala, one of East Oahu's
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Jamie Dimon says cryptocurrency isn't a threat to banking, as Bitcoin plunges over 15%

This coming as JPMorgan Chase CEO Jamie Dimon says crypto isn't a threat to traditional banking. Yahoo Finance's Seana Smith and Invest Diva
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Sweeping NY Reverse Mortgage Bill Leads Law Firm to Advise Compliance

Sweeping NY Reverse Mortgage Bill Leads Law Firm to Advise Compliance

Lenders operating within the state will also be required to provide each applicant for a reverse mortgage, potential or otherwise, with the phone
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Experts in Banking & Finance: The Dream-Makers

The main ingredient to fueling a dream is passion, as American Bank of Missouri attests, which is why it has a dedicated team that devotes themselves
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Apple's Silence Hurts Efforts to Take Drivers Out of Cars

Chief Executive Officer Tim Cook, in his way, acknowledged the driverless transportation project in a 2017 Bloomberg Television interview. News
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Credit Suisse is the sole bank tripped up by Fed stress test as rest get approval to boost payouts

Credit Suisse was the only Wall Street firm that didn't sail through the Federal Reserve's annual stress test, as competitors from J.P. Morgan Chase to
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Acreage Nearing 'Head-Turner' Acquisitions Post Canopy, CEO Says

Acreage Holdings Inc. has some “head-turner” acquisitions in the works now that its planned sale to pot giant Canopy Growth Corp. has been sealed,
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High Net Worth Report Examines Nevada's Luxury Housing Market Trends

The report examines the latest trends in the luxury housing market in Nevada. This issue features guest columnist Ivan Sher of The Ivan Sher Group,
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Suge Knight's son to star in VH1 celebrity real estate series 'Love & Listings'

The son of jailed rap mogul Suge Knight's has landed his own real estate reality show on VH1. Suge Jacob Knight is set to lead the celebrity cast of
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Flagstar Bank Review: Checking, Saving and CDs

Flagstar Bank is a regional bank that has branches in Ohio, Michigan, Indiana and Wisconsin, as well as ATM service nationwide with the Allpoint and
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Banks announce billions in share buybacks after Fed approval

NEW YORK — The nation's largest banks are rewarding shareholders by spending tens of billions raising their dividends and buying back stock after
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Ben Carson: Our affordable-housing policy is failing. We need a new approach.

For example, the National Multifamily Housing Council found that … This week the president did both to set the U.S. housing market on course for a full
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Banking on her determination

Heysil Baez came to the United States at age 10 from Santo Domingo, the capital of the Dominican Republic, in 2012, knowing only one English word
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Meet Andrew Yang, the Democratic Candidate Who Wants to Give You $1000 Each Month

Yang spoke on camera with Fortune earlier this year to discuss his views and why he thinks he has the best shot of beating President Donald Trump in
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Nate Lashley, No. 353 in world, leads morning shootout at Rocket Mortgage Classic

No one expected Nate Lashley, ranked No. 353 in the world, to set the blistering pace at the Rocket Mortgage Classic. Lashley shot 9-under-par 63,
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Former FDA Chief Gottlieb Heads to Pfizer's Board: Brainstorm Health

Fortune named Gottlieb to the 2019 list of World's Greatest Leaders. Now, out from his government job, he appears to have gone back to the industry
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First-home buyers bigger part of housing market than investors for first time since records began

Corelogic head of research Nick Goodall said there had been a trend for some time of first-home buyers becoming more of the market. First-home
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Activists Urge Florida Democrats to Return Donations From Private Prison Contractor

… are “one of the most pervasive evils spreading in the U.S.,” Thomas Kennedy, the political director of the Florida Immigrant Coalition told Fortune.
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10 Muscle Cars Worth A Fortune

When we think of the words “American-made Automobile” we immediately gravitate towards muscle cars. The United States saw a massive influx of
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How Should Investors Feel About Lennox International Inc.'s (NYSE:LII) CEO Pay?

Todd Bluedorn became the CEO of Lennox International Inc. (NYSE:LII) in 2007. This report will, first, examine the CEO compensation levels in
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Housing market bounces back, NAEA reports

Mark Hayward, chief executive of NAEA Propertymark, said: “It is encouraging to see the housing market bouncing back, with supply and demand
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Macy's discriminates against black and Latino job candidates by considering minor convictions …

The Fortune Society Inc., a nonprofit that helps people with criminal histories to find jobs and reintegrate in their communities, filed the suit in the
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Pilots Flagged Software Problems on Boeing Jets Besides the Max

Pilots Flagged Software Problems on Boeing Jets Besides the Max

Pilots flying Boeing aircraft in recent years have reported flight-control problems they blamed on malfunctioning software — not on the company's
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Commercial Real Estate Is Trying to Be More Inclusive, But Still Has a Ways to Go

At the beginning of RXR Realty's pride panel at 75 Rockefeller Plaza, the moderator, RXR's Justin LaCoursiere, pointed out that the commercial real
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Think Realty Podcast 17 – Jeff Levin from Specialty Lending Group

Think Realty Podcast host Abhi Golhar talks teamwork with Jeff Levin, author of, “The Insider's Guide to Private Lending.” Tune in to the podcast for
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Why a real estate investor says 'the housing market is done in America'

“The housing market is done in America,” real estate investor Grant Cardone told Yahoo Finance on Thursday. “It will never come back.” Cardone's
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Amazon adds new option: Buy on Amazon, pick up at Rite Aid

For Rite Aid, the service could bring in Amazon shoppers who may buy … But Amazon has been pushing into health care itself, buying online … Korea abandon its nuclear weapons entirely before international sanctions are lifted.
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DACA Recipients Are Ineligible For FHA Mortgage Insurance Officially, But Lending To DACA …

For the past six months, the mortgage lending industry has reported receiving conflicting messages from the Department of Housing and Urban
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Apple's Latest Acquisition Shows Self-Driving Cars Are in the Doldrums of Disappointment

Apple, which has never publicly discussed its work on self-driving cars, did not respond to inquiries by Fortune about the Drive.ai acquisition or the fate
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India Wins Trade Dispute With US Over Solar-Panel Incentives

A series of U.S. renewable energy incentives violated international trade rules, according to the World Trade Organization, threatening to stoke
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Pending Homes Sales Up, Mortgage Rates Down

The National Association of Realtors (NAR) reported that its Pending Home Sales … As for the latest mortgage rate data, Freddie Mac reported the 30-year … economic data continues to dominate the news, the drop in mortgage rates
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Real-Estate Developer Howard Hughes Hires Adviser to Explore Possible Sale

With Thursday's gains, the stock is still down about 1% over the past 12 months, which lags behind some baskets of real-estate stocks. The FTSE
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Real estate in brief: Executive orders, home values and more

Since the start of the year, the prospect of major overhauls at government-owned mortgage guarantors Freddie Mac and Fannie Mae have led to
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Typical home too expensive in most markets despite affordability surge

Average wages can't afford a median priced home in three quarters of housing markets around the country, but slowing appreciation shifts that
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Manafort pleads not guilty to New York state mortgage fraud charges

Paul Manafort, the imprisoned former chairman of President Trump's 2016 campaign, pleaded not guilty Thursday to New York state mortgage fraud
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Zillow Upgrades Zestimate

According to the Seattle-based company, the new Zestimate incorporates neural network and computer vision technology to distinguish between high
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Pending home sales rebounded in May as mortgage rates fell

Pending home sales rebounded in May as mortgage rates fell … 1% increase, according to data from the National Association of Realtors in Washington. … The pickup in pending sales is welcome news for a housing market that lost
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Comparing of C&F Financial Corporation (CFFI) and National Bankshares Inc. (NASDAQ:NKSH)

National Bankshares Inc. has lower revenue and earnings than C&F … offers investment services; insurance services; and title insurance services.
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'Bloomberg Markets: The Open' Full Show (06/27/2019)

Lisa Abramowicz highlights the market moving news you need to know heading into the Opening Bell on Wall Street. U.S. Stocks rising on trade hopes
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Affordable rental housing nose-diving in fastest growing metros

Stock in affordable rental housing has plummeted in the country's fastest growing cities, according to the latest data from Freddie Mac's Multifamily
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Rent or Buy? The Answer May Depend on Your Other Expenses

Freddie Mac president and new CEO says, “Our research confirms much of what we see in our business every day – affordability remains the essential
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Digging Deeper into Shares of Boardwalk Real Estate Investment Trust (BEI.UN.TO)

Investors may use multiple technical indicators to help spot trends and buy/sell signals. Presently, Boardwalk Real Estate Investment Trust (BEI.UN.
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Affordability: Renters Versus Owners

Affordability: Renters Versus Owners

Homeowners and renters alike are facing affordability issues, according to a new survey from Freddie Mac. According to the GSE's “Profile of Today's
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This Rental App Is The Uber Of Real Estate

A Silicon Valley company is looking to streamline the process of renting apartments with an app that eliminates agents and guarantees landlords
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Is Matthews International Corporation (NASDAQ:MATW) Undervalued After Accounting For Its …

Looking at Matthews International Corporation's (NASDAQ:MATW) fundamentals some investors are wondering if its last closing price of $33.8
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Commercial real estate construction is slowing in our region, except near Metro stations

Commercial construction in the Washington region dropped 28% in 2018, according to a new report from the Metropolitan Washington Coalition of
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Gamechanger? DraftKings Appears Close To Buying Online Gambling Company SBTech

SBTech is an international company with the ability to provide both an omnichannel sports betting platform and an online gaming platform. It also has
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Will anyone shoot magical 59 at Rocket Mortgage Classic in Detroit?

Brian Stuard considered the question for a few seconds. With scores plunging in the first round of the Rocket Mortgage Classic, is a 59 possible at
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Podcast Is leveraged lending a systemic risk?

Lending to companies with heavy debt loads is a growing business — one that many fear could lead to the next financial crisis. Comment. Start the
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Providence Real Estate Completes Sale of The Lofton Place Apartments

CHICAGO–(BUSINESS WIRE)–. Investment Achieved a 22% Internal Rate of Return and a 2.6x Equity Multiple. Providence Real Estate, LLC
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Hybrid funds

Jul 16, 2:00pm Very few lenders have been able to successfully adopt digital closings internally or with their settlement partners, and even fewer have
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Sklar Kirsh Adds Veteran Real Estate Attorney Jerry Kay

LOS ANGELES–(BUSINESS WIRE)–Sklar Kirsh LLP, which recently added three real estate attorneys and launched a bankruptcy practice, today
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CFPB extends comment period for HMDA proposal

… Financial Protection Bureau is extending the comment period for its proposal to change what data is collected under the Home Mortgage Disclosure
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Commercial real estate booms; Big 'live-work-play' projects proposed across Valley

In this Oct. 31, 2018 file photo, Carefree Partners Vice President Scott Phillips works with Ottawa University students, from left, Viri Serrano, Sara
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Alaska First-Time Home Buyer Programs of 2019

Alaskans can get help from state programs when they take the leap into homeownership. The Alaska Housing Finance Corp., or AHFC, offers
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House Passes $4.6 Billion Border Bill—But Will Trump Sign It?

The Democratic-controlled House voted Thursday to send President Donald Trump a bipartisan, Senate-drafted, $4.6 billion measure to care for
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Most Median-Priced Homes Out of Reach for Average Wage Earners

“Despite falling mortgage rates and rising wages, the cost of owning the typical home remains out of reach or a significant financial stretch for the
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Manafort Pleads Not Guilty to State Charges of Mortgage Fraud

In addition to conspiracy, Manafort faces multiple counts of residential mortgage fraud, attempted residential mortgage fraud, scheme to defraud and
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IPO Pops Intensify as Biotech Surges 95% to Year's Best Debut

A stretch of IPOs surging in their debuts grew more dramatic on Thursday, with a pair of record-breaking pops from the health sector that included the
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New York legislature moves to impose new requirements on reverse mortgage industry

In addition, lenders must provide each applicant or potential applicant for a reverse mortgage the telephone number and internet website address
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Dustin Johnson stuns couple with gender reveal at Rocket Mortgage Classic

In most years, Dustin Johnson wouldn't have played in Detroit. Johnson, the No. 2-ranked golfer in the world, typically takes a few weeks off in
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Is Lennox International Inc.'s (NYSE:LII) CEO Paid At A Competitive Rate?

Todd Bluedorn has been the CEO of Lennox International Inc. (NYSE:LII) … But it is even better if company insiders are also buying shares with their
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Health Complications Cited After 50 of MiMedx's Graft Treatments

Health Complications Cited After 50 of MiMedx's Graft Treatments

… treatments with MiMedx's skin grafts or injections, according to people familiar with the matter and documentation reviewed by Bloomberg News.
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Real Estate Leads Thursday

Major indices are mixed at mid-day Thursday, with real estate, health care, and financials significantly ahead of all other sectors. Boeing (BA) is in the
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CFPB Extends Comment Period on ANPR for HMDA

In late summer, the Federal Financial Institutions Examination Council will release the national loan level dataset and the Bureau will release an
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Erdogan says Trump knows why Turkey is buying Russian S-400 systems

The Turkish president warned the United States that Ankara would turn to the international arbitration court if Washington refuses to implement the
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Manafort pleads not guilty in New York mortgage fraud case

NEW YORK (AP) — Paul Manafort, the imprisoned former chairman of President Donald Trump's 2016 campaign, pleaded not guilty Thursday in New
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NAR Claims Victory for VA Loan Provision in Military Disability Law

The National Association of Realtors (NAR) is taking a bow for the insertion of a VA lending provision that was included in the Blue Water Navy
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More renters than ever before say renting is cheaper than buying, but are they right?

But the data also shows that renters actually spend more of their income on housing than buyers, with 35% of renters spending one-third of their
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Despite Scrutiny, HUD Lending 'Essential for Nursing Homes to Function'

The federal government's lending program for nursing homes has come under national scrutiny in the wake of a record-setting default, but financial
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Superior Industries International, Inc. (SUP) Surges 5.28%: Reasons Investors Are Buying The …

Superior Industries International, Inc. (NYSE:SUP) is 0.17 points higher today and the only thing that matters is where they go from here. You simply
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Why the Housing Lobby's Average Prime Offer Rate Solution is Deeply Flawed

One of Congress' main responses to the 2008 mortgage crisis was Title XIV … 37% of home-purchase loans guaranteed by taxpayers—Fannie Mae,
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Bay Area home prices fell 1.7% in May, biggest year-on-year drop in 7+ years

The average rate on a 30-year fixed-rate loan this week is 3.73 percent, down from 4.55 percent a year ago, according to a Freddie Mac survey
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NAMB to Congress: Bank LOs Should Take SAFE Act Test, Too

NAMB has called on its membership and the wider mortgage industry to call on Congress to enact regulations to require all bank mortgage loan
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East Greenwich woman to admit to fraud, identity theft, obstruction in real-estate scheme

… the alleged scheme, she claimed to be overseeing major renovations on foreclosed properties under contracts with lenders, such as Freddie Mac.
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Perfect Finish: Predicting the Rocket Mortgage Classic

On The First Cut Podcast, Kyle Porter and Mark Immelman predict the Rocket Mortgage Classic, presented by Amstel Light.
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Pelosi Yields to Pressure, Will Allow Vote on Senate Border Bill

House Speaker Nancy Pelosi blinked in her standoff with Senate Majority Leader Mitch McConnell, allowing the House to vote on the Senate version
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Ford, TD Bank Files Found Online in Cloud Data Exposure

The failure is similar to an incident Bloomberg News reported in April when digital platform Cultura Colectiva openly stored 540 million records on
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Angel Oak's Hutchens: The New Way to Do Non-QM

“It is easier to grow fast when you start at a low base,” Hutchens told National Mortgage Professional, who admitted that many careless originators
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Why Tenants and Owners Believe Renting Is More Affordable Than Buying a Home

More than 82% of tenants think renting is cheaper than purchasing a home, according to a recent Freddie Mac report. That's the highest it's been since
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Bryn Mawr Trust Names New CRA Mortgage Lender

The Bryn Mawr Trust Co. (BMT) has hired Pedro Nicolas Velecico was appointed CRA mortgage lender for their mortgage division. He will be based at
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United States pending home sales rebounded in May as mortgage rates fell

Contract signings to purchase previously owned U.S. homes increased in May, indicating Americans may be responding to declining mortgage rates.
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Bank of America will stop lending to private prison firms

Bank of America will stop lending to private prison firms

Bank of America Corp., the second-biggest U.S. bank, will stop lending to … The Charlotte, N.C., lender also met with its Latino and black leaders.
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Phishing scam targeting homebuyers in Oregon and beyond

The scammers get access to the homebuyer's email account either through the Realtor or through the title companies. Then they send phony emails
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What Is an Underwriter and What Do They Do?

Underwriting is a common practice used in commercial, insurance and investment banking. Underwriters work for mortgage, loan, insurance or
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Tonight's Democratic Debate Is Biden's Chance to Prove Why He's Leader of the Pack

It's Joe Biden's moment to shine — or stumble. The former vice president has a chance to solidify his front-runner status — or jeopardize it with a
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Mortgage Rate Dips Again, Pointing to a Rise in Refinancing Risk

(Bloomberg) — Thirty-year mortgage rates have fallen this week to their lowest levels since late 2016, handing cheaper borrowing costs to
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Iron ore imports shoot up 80%, exports plunge by almost half in last 3 yrs

“Global supply headwinds has meant that China is now buying more of … He said, the outlook for exports have perked up as the international supply
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A 1.17% Return for a 98-Year Bond Issue? Sign Me Up

This all means the price outperforms when interest rates drop (as they're doing now), which is overall good news for investors. It's a little like owning a
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If You Had Bought Titan International (NYSE:TWI) Stock Five Years Ago, You'd Be Sitting On A 73 …

It hits us in the gut when we see fellow investors suffer a loss. Imagine if you held Titan International, Inc. (NYSE:TWI) for half a decade as the share
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Inclusion Was The Winner of the Democratic Debate: RaceAhead

The first of two Democratic presidential debates are in the can, with the second one coming at us like a freight train. (Fortune's got you covered on what
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Twitter to Attach a Warning Label to Tweets That Break the Rules from Trump and Other Leaders

—5 things to watch for on night two of the Democratic presidential debate. Get up to speed on your morning commute with Fortune's CEO Daily
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Around Prince William: 'Doing the math' for the county

You probably got a plat with your closing documents. If not, check with your mortgage broker, title company or surveyor. For more information, check
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How to Protect Your Home From Deed Theft

You don't need to pay a company to protect you from criminals who put their names on your home title. You can protect yourself for free with these
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Investcorp expands into direct lending with CMIP acquisition

Alternative asset manager Investcorp is acquiring a majority interest in CM Investment Partners (CMIP) to expand into middle-market corporate lending
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Kevin Spacey Accuser Sues Over Alleged Groping at Nantucket Bar

A young man who accused Kevin Spacey of groping him at a resort island bar in 2016 filed a lawsuit against the actor, who is also fighting a criminal
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Bustle Digital Group Buys Nylon Magazine, Plans to Relaunch Print

Bustle Digital Group Buys Nylon Magazine, Plans to Relaunch Print … to BDG, focusing on helping the company in its international expansion strategy.
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H&M Makes Sustainable Fashion Miscue in Norway

Global fast-fashion giant H&M's environmental sustainability credentials are being questioned by a Norway consumer agency. According to Ecotextile
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Rickie, Bubba, DJ, compete in Area 313 Celebrity Challenge

Rickie Fowler, Dustin Johnson and Bubba Watson , DJ, Rickie compete with celebrities in the Area 313 Celebrity Challenge at the Rocket Mortgage
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South Florida Housing Costs Got Slightly More Affordable This Year, Study Says

Average mortgage payments and average property prices both decreased in Palm Beach County as well. From 2018 to 2019, the monthly cost of
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Flipping Out Over Real Estate… Again

EWI analysts make it their business to KNOW the exact history of market indicators, and how they've served our subscribers throughout the years.
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Pentagon Releases Names of 2 Soldiers Killed in Afghanistan

The Pentagon has announced the identities of two soldiers killed in combat in Afghanistan. Killed on Wednesday in Uruzgan province were
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Guaranty Bank announces promotion in Maringouin and Grosse Tete

Guaranty Bank announces promotion in Maringouin and Grosse Tete

Letha has over 26 years of banking experience. She is member of the Louisiana Banker's Association and has served in several capacities throughout
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Children's Foundation names banking veteran as new CFO

David Lochner, who has more than three decades worth of banking experience, was president of the eastern Michigan region of Columbus,
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Opportunity Fund Partners with KeyBank to launch lending program for independent truckers in …

Opportunity Fund, the nation's leading nonprofit small business lender, is partnering with KeyBank to launch a program that will offer $140 million in
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The Community Financial Corporation Announces Quarterly Cash Dividend

… to other financial institutions, substantial changes in financial markets, changes in real estate value and the real estate market, regulatory changes,
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Realtors Warn Over Client Kyc 'Overkill'

#George Damianos, president and managing broker of Damianos Sotheby's International Realty, told Tribune Business that international buyers in
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'Annabelle Comes Home' Possesses $7.2 Million on Opening Day

… continue dominating the summer box office? —The race for next year's Oscars is already here. —Listen to our new audio briefing, Fortune 500 Daily.
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Turkey's Erdogan Faces Last Chance to Avert NATO Rupture

President Trump should offer him a face-saving back-down on his plan to buy Russian military hardware. By. Bobby Ghosh. June 26, 2019, 10:00 PM
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Zillow is watching: New algorithm uses photos of your home to check quality and curb appeal

“Ideally I would like to have the Zestimate be a live offer for every house in the country,” Barton said in an interview on public radio. Barton said “it will
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A glance at US mortgage rates: lower, 30-year loan at 3.73%

U.S. long-term mortgage rates fell this week. It was the seventh decline in the past nine weeks for the key 30-year, fixed-rate loan, which reached its
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Those Who Purchased Starcore International Mines (TSE:SAM) Shares Three Years Ago Have A …

This month, we saw the Starcore International Mines Ltd. (TSE:SAM) up an … This free interactive report on Starcore International Mines's earnings, … a look at whether insiders have been buying or selling shares in the company.
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Mortgage Rates Haven't Been This Low Since November 2016

After moving sideways for a couple of weeks, mortgage rates have gone tumbling again and have turned back the clock to a very memorable time.
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A Bank Built in 1.5 Million Hours Takes on 180-Year-Old Rivals

It took Discovery Ltd. 1.5 million man hours over four years to build a bank. When the startup opens to the public Monday it will challenge South African
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Lenders warn FCA over mortgage rule shake up

Lenders have advised the Financial Conduct Authority that its proposed changes to mortgage lending rules could be at odds with other regulation and
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Buy And Hold, And Diversify:: MGM Resorts International, (NYSE: MGM)

On Wednesday the USA Stock Exchange company, MGM Resorts International, (NYSE: MGM), the Trending-Graph. Each buying and selling session
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RBNZ aims to toughen banking oversight

The Reserve Bank of New Zealand will take a tougher approach to financial supervision and regulation, it said on June 26. “Our approach to financial
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Air Canada says its is buying rival Air Transat in a $520 million deal

Air Canada Toronto Pearson International Airport … Air Canada has announced its intention to buy rival airline Air Transat, in a deal worth around
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Why one real estate investor says 'the housing market is done in America'

Pending home sales rose 1.1% last month. Yahoo Finance's Zack Guzman & Kristin Myers discuss with entrepreneur and real estate investor Grant
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A $1800 Drop in Minutes: Bitcoin Volatility on Full Display

This week's jump in Bitcoin prices revived themes well known to the digital currency that inflated then burst less than two years ago. Among them:
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The new Bank of America digital debit card could attract customers

Bank of America (BofA) is introducing a digital debit card feature in its mobile banking app that can be used for in-store, in-app, and online payments
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Deep Dive: Small and local banks drive some of the most innovative fintech

Tearsheet recently ran a story from Sara Toth Stub on the emergence of a new type of challenger bank (published for Outlier members). This type of
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Polish Court Reforms Get New Rebuke in EU Court Opinion

Polish Court Reforms Get New Rebuke in EU Court Opinion

… are willing to ignore their legal obligations and enter into an open conflict with the European Court of Justice,” Pech said in an email to Bloomberg.
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Homebuying Difficult for Americans in Three-Fourths of Markets

Purchasing a median-priced home in the U.S. is a financial stretch for Americans in the majority of markets despite slowing growth in real estate prices,
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Romania's bank lending growth speeds up in May – table

BUCHAREST (Romania), June 27 (SeeNews) – The value of Romanian banks' outstanding loans to the non-government sector grew 7.7%
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JPMorgan Chase: The key to preventing borrowers from defaulting on their mortgages is not what …

For years, the conventional wisdom in mortgage lending has been borrowers with more financial skin in the game are less likely to default on their
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Are Labour's plans to tackle housing dangerous for the market?

Apropos by DJ Alexander believes that the report, entitled 'Land for the many', doesn't understand the key issues affecting the UK property market and
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Ford Will Close Six European Plants as Part of Global Downsizing

Ford Motor Co. will eliminate about 20% of its workforce across Europe and close six factories in a sweeping overhaul aimed at reviving the
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Home Flipping's Shadowy Ties to Mortgage Fraud

In some cases, home flippers can't make mortgage payments and banks initiate the foreclosure process, which is when instances of fraud come to
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New Irish Central Bank Governor Rebuked Over New Zealand Budget Leak

“He's given eight years of loyal and dedicated service as Treasury Secretary, I respect that,” Hughes told a news conference in Wellington. “He's made
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May Warns Tory Rivals She Could Vote to Stop a No-Deal Brexit

Prime Minister Theresa May has given her strongest signal yet that she could oppose her successor if he tries to force the U.K. out of the European
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loanDepot's National Survey Reveals That Home Builders Offering Financing Deliver Higher …

76% of customers who financed through a home builder cite ease of use, competitive rates and time savings as top reasons. FOOTHILL RANCH, Calif.
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Women's Soccer Faces TV Rights Test After World Cup Success

They're watching it on TV,” Kristine Lilly, who won two World Cup titles with the U.S. national team, said on the Bloomberg Business of Sports podcast.
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Pending home sales roar higher, but are stuck below year-ago levels

What they're saying: The Realtors cited “extremely attractive conditions for consumers” in the housing market, led by lower mortgage rates.
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ECB Seen Cutting Rates in September as Draghi Reloads Stimulus

Most economists surveyed by Bloomberg said the Governing Council will change its … Money markets are pricing a 10-basis point cut in September.
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Economic Inequality Is Rallying Cry at Democratic Debate

Democrats debating in Miami Wednesday night tried seizing the populism that propelled President Donald Trump to the White House, saying they'd
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Bank of America says it will stop lending to detention centers, private prisons

Bank of America, one of the nation's largest financial institutions, announced that it would cease lending to the private prison industry. The decision
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Verizon 5G Service Expands to Two More Cities: Denver and Providence

Verizon on Thursday announced its next two cities getting super-fast 5G mobile service, Denver and Providence, as the pace of the rollout of the new
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Bank of America to stop lending to companies operating private prisons, detention facilities

Bank of America, the second largest bank in the nation, will stop doing business with companies that operate private prisons and detention facilities,
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China Cracks Down on Online Lenders, Freezes $1.5 Billion in Assets

The Chinese authorities unleashed their might on 380 online lenders. It announced on Monday that it had seized about $1.5 billion worth of assets
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Why big banks are stepping back from lending to detention centers

Bank of America is the latest big financial services company to end its business relationships with owners of immigrant detention centers on the border
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Watch: Fowler slam dunks approach shot for eagle

As a paid spokesperson for Rocket Mortgage, Rickie Fowler has been plenty busy leading into the opening round of this week's event at Detroit Golf
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