Most Senior Debt Tied to Housing Expenses

Homeowner-related expenses including mortgages and home equity loans are the largest source of debt for older Americans, according to a new survey released by SeniorHomes.com. More than half of Americans who are 55 or over are in debt, with 40 percent owing $50,000 or more to creditors.
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That increase has resulted in building permits reaching an eye-popping 11-year high. Fulton Homes has seen their sales pick up in the first quarter of 2018, which matches the national trends. According to Phoenix-based Belfiore Real Estate Consulting, homebuilders like Fulton should prepare to have
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Canadian investors are searching for ways to get exposure to global growth opportunities without taking on some of the country-specific risks that come with buying foreign stocks. One way to benefit from global growth without worrying about currency fluctuations or political unrest hammering your
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“Mark literally saved me thousands and thousands of dollars on my 15 year fixed rate mortgage loan on my primary residence. The rate he offered me was .5% lower!!! Further, his fees were lower, and his response time was much, much, quicker than the competition. You owe it to yourself to get the best
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With all the chaos of Baselworld and the year's newest releases, it's easy to forget that auction season is close on the horizon. Each spring, all the major auction houses will host sales—and with the way things have been going in recent years, we can almost certainly count on new records being set,
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Thousands of residents of the Moscow suburbs have taken to the streets in recent weeks to protest foul odors from overflowing trash dumps, in an unusual surge of anti-government activism that's set off alarm bells in the Kremlin. Authorities in the city of Volokolamsk began giving out gas masks to locals
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Sy Mukherjee has a smart take on this development—and you should also read my colleague Polina Marinova's breaking analysis in FORTUNE's Term Sheet this morning. But one thing worth highlighting is how central one key demographic is to this seemingly out-of-the-box M&A move—and that's the
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… by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively,
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Sneed does not have a prior criminal record, but McBryde said he could have been charged for his recent conduct. That included defrauding a title company during a $1 million condo sale, falsifying information on vehicle loan documents and writing bad checks, he said. The title company sued him and
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According to a statement, stress was laid to ensure consistent flow of credit to MSME sector with timely and adequate lending, implementation of credit guaranteed fund scheme, rehabilitation of potentially viable sick units, opening of MSME dedicated branches by the respective banks and financing of
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I would be remiss if I didn't mention that April is Community Banking Month and take the opportunity to share the call to action of Local First Arizona for everyone to consider moving all or some of their banking relationships to a locally based financial institution. This call to action brings benefits that span
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The upcoming project is slated to yield 263 rental units, roughly 15,000 square feet of ground-level retail, and parking for another 400 vehicles by early 2018, according to Irini Boeder, Assistant VP of Marketing for developer Lincoln Property Company. Meanwhile in Evanston, developers are finding that
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Investment bankers have had a good run. What now? These Wall Street elite, who broker corporate mergers and underwrite stock and bond sales, have been their firms' star performers over the past few years, aided by a bull market that encouraged companies to do deals and a sea of cheap debt to
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ORANGE, Calif., March 30, 2018 /PRNewswire/ — NextAce today announced two first of their kind solutions for the Title Insurance Industry. Instant Setup allows title insurers, agents, and attorneys of all sizes to setup their underwriting and business rules and begin producing automated title reports in
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WestLand Storage Company has been operating in the real estate market for more than 17 years and we recently introduced an innovative technology based on Blockchain, which will change the real estate market forever. DiceLand technology is the collection of all modern technologies in the world of
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GlobeSt.com is hosting its 16th Annual RealShare Net Lease event from 6 p.m. on April 4 to 3:15 p.m. on April 5 at the Park Lane Hotel, 36 Central Park South. The two-day conference will feature discussions on the state of the industry in 2018, as well as the big deals of 2017 and the lessons they've
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The Turkish banking sector posted a net profit of 3.85 billion Turkish liras ($1.02 billion) in February, said the Banking Regulation and Supervision Agency (BDDK) on Friday. The net profit of the sector decreased by 19.1 percent compared to February 2017. The banking sector also saw an
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Investors sentiment decreased to 0 in Q4 2017. Its down 2.00, from 2 in 2017Q3. It dropped, as 1 investors sold ARRIS International plc shares while 2 reduced holdings. 0 funds opened positions while 0 raised stakes. 235,503 shares or 12.17% less from 268,129 shares in 2017Q3 were reported.
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U.S. stocks closed sharply higher Thursday, with major indexes climbing 1% in a broad rally that had nearly every sector take part in the gains and post strong weekly advances. Even so, the Dow Jones Industrial Average and the S&P 500 index broke a lengthy string of quarterly gains, and also closed
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Sy has a smart take on this development below—and you should also read my colleague Polina Marinova's breaking analysis in FORTUNE's Term Sheet this morning. But one thing worth highlighting is how central one key demographic is to this seemingly out-of-the-box M&A move—and that's the
See Original Article