· FHFA reports growth in its House Price Index (which includes Freddie Mac’s purchase mortgage price data) at 6.6 percent from the second quarter of.
Homebuyer affordability pinch. As mortgage rates rise and home price growth remains positive, homebuyer affordability will be a growing challenge in many markets. Though income growth is starting to show signs of picking up, the growth rate in personal income is still well below house price appreciation.
And that’s going to hurt renters who want to become homebuyers. "Mortgage rates on 30-year, fixed rate loans have been less than 5% since the end of the recession, helping to buoy housing.
First Option Mortgage, LLC > First Option Blog > What slower home price gains Mean to New Homebuyers August 13, 2014 Recent reports by Standard & Poor’s/Case-Shiller and the National Association of Realtors (NAR) show slower home price gains in 18 out of 20 major U.S. metro areas during the second quarter.
Amazon scraps plan to build a headquarters in New York City Amazon dumps NYC – Black eye for CUOMO, DE BLASIO – High-stakes gamble for deal’s critics – above the fold: "Amazon Scraps New York Campus" – 2 col. to be tough to make it in New York City,’ Mayor Bill de Blasio boasted, choosing to jeer at Amazon as it canceled its plans on Thursday to.
Supply and Demand Comes Into Play. Supply and demand influence prices. Even if inflation is high, an oversupply of housing will bring home prices down. Interest rates tend to go up with inflation. Mortgage rates reflect interest rates. If mortgage rates go up too high, people won’t take out home loans. demand will decrease; home prices will fall.
Overuse of GSE tools in the private-label market adds risk: Moody’s Many displaced Puerto Ricans could be moved to U.S. mainland At least 450,000 puerto ricans moved to the U.S. mainland over the past decade, causing the island’s population to drop for the first time in modern history.. reaching out to displaced Puerto. It is well known that the U.S. Census Bureau keeps track of. and where Puerto Ricans have moved between August 2017 and February 2018.Towards a new framework to account for environmental risk in sovereign credit risk analysis Article (PDF Available) April 2014 with 64 Reads DOI: 10.1080/20430795.2013.837810
· An extra percentage point will cost homebuyers with 30-year, fixed-rate mortgages $56 more a month for every $100,000 they borrow, it was noted. Q: Will rising mortgage.
Upside down mortgages have affected every financial institution, and in turn the greater economy – all means must be used to help prevent people from drowning in underwater mortgages. Part of the newest addition for the American Recovery and Reinvestment Act of 2009 involves a grass-roots approaching to tackle the housing industry melt-down.
SunTrust, BB&T could become CRE lending powerhouse in the Southeast People on the move: April 26 What CFPB’s Harsh Words to Servicers Mean for Banks People on the move: April 14 Ocwen – SS Carrying Out Financial Holocaust for Banks? – One former mortgage company executive wrote, "Think of Ocwen as the SS prison guards carrying out the financial holocaust* for the large banks." The New York Post wrote, "The latest news about Ocwen is so damning the loan-servicing company has entered ex-countrywide boss angelo Mozillo territory." Those are some pretty harsh words.Brad Strock – Raleigh, North Carolina | Professional Profile. – Brad Strock liked this. SunTrust, BB&T could become CRE lending powerhouse in the. BB&T’s acquisition of SunTrust may make the combined company more of a contender in regional.
· Stuck Underwater. The home-price plunge has left 23% of mortgage borrowers (out of 53.5 million) underwater — that is, they owe more on their mortgage than the market value of their home.
Only the first five years of a Help to Buy equity loan are interest free. When your interest charges kick in at the start of year six, you’ll pay a rate of 1.75%. This rises each year by any increase in the Retail Prices Index (RPI) plus 1% – which could add a significant chunk to your monthly outgoings.