Tag Archives: loans-mortgages
Renter Nation Rages On
By Diana Olick, CNBC Real Estate Reporter NEW YORK (CNBC) — The supply of empty homes for rent is falling, and the nation’s homeownership rate is hovering near a fifteen year low. How can that be when the housing market is finally turning around and more homes are selling? .. Continue reading
Warren Buffett’s Bank Stock Picks Show Value
NEW YORK (TheStreet) – Bank stock investors canvassing the industry for stock plays have a big decision to make now the nation’s largest banks have reported earnings. Should investors chase a long-expected earnings rebound at suffering banking giants like JPMorgan Chase , Citigroup and Bank of America potentially lifting shares from single digit price-to-earnings multiples, or should they put their money behind a safer premium-priced lenders like Wells Fargo , U.S. Bancorp , BB&T and M&T Bank? Continue reading
Home Price Bottom or Bubble?
By Diana Olick, CNBC Real Estate Reporter NEW YORK (CNBC) — Home prices rose, just barely, in the second quarter of this year annually for the first time since 2007, according to online real estate firm Zillow. That prompted the popular site to call a “bottom” to home prices nationally. The increase was a mere 0.2%, but in today’s touch and go housing recovery, that was enough. Continue reading
Foreclosure Spike Is Positive Sign For Housing
By Diana Olick, CNBC Real Estate Reporter NEW YORK (CNBC) — After months of declines, the foreclosure numbers are going up again. Foreclosure starts, the first phase of the process, rose 9% in May month-to-month, the first increase in over two years, according to a new report from RealtyTrac. Bad news, right? Continue reading
CFPB Takes Aim at High Mortgage Fees
NEW YORK (MainStreet) — The Consumer Financial Protection Bureau is out with new regulations that are designed to give home buyers more choice and more transparency when investing in a home mortgage. Continue reading
Fannie Mae: Profit Rebound Winner (Update 1)
Updated with late afternoon price action and more detail from Fannie Mae’s earnings announcement. NEW YORK (TheStreet) — Fannie Mae was the winner among the largest U.S. financial names on Wednesday with shares rising 18% in late afternoon trading, to 30.9 cents Continue reading
Trying to Refinance? Take a Number
By Kevin Spak, Newser Staff Mortgage rates have been plummeting — they were at just 4.05% last month — and that, combined with Obama administration initiatives, has a lot of homeowners clamoring to refinance. There’s just one problem: A lot of homeowners are clamoring to refinance. The financial crisis left fewer banks standing in the mortgage market, and they’re struggling to keep up, the Wall Street Journal reports. Continue reading
Ally’s ResCap Deal May Pave the Way for Sale, IPO
NEW YORK (TheStreet) — Ally Bank may be close to selling its Residential Capital mortgage unit to Fortress Investment Group as part of a $3 billion bankruptcy sale. Continue reading
Mortgage Applications Point to Higher Priced Homes
By Diana Olick, CNBC Real Estate Reporter NEW YORK (CNBC) — A response to a recent RealtyCheck blog on home prices included the following: “Someone needs to explain to Ms. Olick what these ‘price declines’ really represent because they most assuredly do not measure how much home values have changed. They simply measure the statistical midpoint for all home sales. Continue reading
