National Cheat Sheet: Fannie and Freddie fight with the Trump administration, CushWake …

Fannie Mae and Freddie Mac will owe the Treasury Department more than $7 billion at the end of the year, and the agencies are fighting with the Trump administration over how to settle the bill. Officials from the Federal Housing Finance Agency want Fannie and Freddie to keep between $2 billion and
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Financial advisers don't always agree, but when it comes to lending money to family, there's consensus: Tread carefully. If an adult child needs help buying a first home or has a promising business idea, a family loan can be a fast and convenient option. But there's a risk of drama down the road. Here are
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CVS Health (cvs, +3.95%), which operates the massive Caremark pharmacy benefits manager as well as the CVS drugstore chain, is getting close to acquiring Aetna (aet, +1.07%) in a deal for more than $66 billion in cash and stock. The deal could be announced as early as Monday, the Wall Street
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Secretary of State Rex Tillerson could be forced out of his job in the next several weeks and replaced with C.I.A. director Mike Pompeo, according to a report in the New York Times. The publication says the White House has developed a plan to force Tillerson out, in part because of his strained
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Eligible homebuyers can obtain mortgage financing from any participating lender, and GROW South Dakota will determine eligibility and administer the down payment assistance grants. Eligibility requirements include not exceeding 80 percent of the local area median income. Military service members
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Mortgage rates moved lower during the week ended Nov. 30, with the average rate for a 30-year fixed-rate mortgage (FRM) falling to 3.90%, down from 3.92% the previous week, according to Freddie Mac's Primary Mortgage Market Survey. A year ago at this time, the 30-year FRM averaged 4.08%.
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The index values are based on Attom's analysis of purchase mortgage applications on properties in a given area to determine the likelihood of a single-family house or condo being sold in the next 30 to 90 days. An index value of 100 is equivalent to the national average, while the percent changes to
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LONDON–(BUSINESS WIRE)–Principal Financial Group and INTERNOS Global Investors have today announced that Principal Global Investors (PGI), the asset management arm of Principal, will assume ownership of the European real estate investment firm, subject to regulatory approval. As part of
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It's gated and set on almost an acre of Gulf-front property—there's even a tiny beach. The style is Mediterranean, of course, but with a Venetian Gothic twist. The outdoor living area—an elaborate pool with waterfall surrounded by something like eight separate porches, balconies, and terraces—is very
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A novel green loan for Singapore's Wilmar International has put the focus on the potential for sustainable products in Asia. While green bonds have gained popularity in the region, the loan market is still lagging far behind — but that appears to be set to change, writes Shruti Chaturvedi. By Shruti
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The chaos created in Richard Cordray's departure from the Consumer Financial Protection Bureau (CFPB) was planned well in advance of his resignation last week, despite staff warnings of the problems it would create. According a Business Insider report, a current CFPB official who requested
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The area's small, midsize and family-owned companies — and there are a bunch of them around here — are the primary lending targets of a newly created local banking power that's determined to give its larger rivals a run for the money. This week, Byline Bancorp agreed to acquire First Evanston
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Russell Simmons had been accused by two women of sexual misconduct earlier this month, but it was Jenny Lumet's Hollywood Reporter editorial that forced the storied music producer out of his companies—which include record label Def Jam Records and clothing companies Phat Farm and Tantris.
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Taylor Morrison Home (NYSE: TMHC) and LGI Homes (NASDAQ:LGIH) are both construction companies, but which is the better stock? … The Company also provides financial services to customers through its mortgage subsidiary, TMHF, and title insurance and closing settlement services through its
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“Separating the forward and reverse mortgage businesses will better serve both programs, which (respectively) finance approximately half of all first-time home purchases and provide seniors the opportunity to tap into home equity and age in place. The programs have different risk characteristics and
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on the agency debt and agency mortgage-backed securities, or MBS, it holds to reinvest in agency MBS. The New York Fed said on its website the Fed sold no mortgage securities guaranteed by Fannie Mae FNMA.OB, Freddie Mac FMCC.OB or the Government National Mortgage Association, or Ginnie
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Minister for Finance Paschal Donohoe has said he expected the number of victims of the banks' tracker mortgage scandal to grow. He said he had been told by the Central Bank in a recent update there were about 13,000 impacted accounts at the end of September. “As to whether I expect the numbers
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The new Apple Watch Series 3 is displayed during an Apple special event at the Steve Jobs Theatre on the Apple Park campus on September 12, 2017 in Cupertino, California. Justin Sullivan Getty Images. By Emily Price. 2:35 PM EST. A new feature is coming to the Apple Watch—the FDA has
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The US housing market has been gaining momentum on a number of fronts; with home values rising, strong demand for starter homes and 30-year mortgage rates still near historic lows. But rising rates and tax reform could generate headwinds. Although we do not invest directly in real estate, we always
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First Beach Finance tries to have a lower interest rate than title loan companies, according to Hall. He also said if you want to apply for a larger loan than $602, that 72.66 percent interest rate will go down. “That's a very high interest rate,” said Certified Financial Planner Christopher St. John. According to
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