The average 30-year fixed-rate mortgage fell 6 basis points in this week’s survey from Freddie Mac. Also lower were the 15-year fixed rate, the five-year Treasury-indexed adjustable-rate mortgage and the one-year Treasury-indexed ARM. If the Mortgage Market Index is any indicator, mortgage originations will soon be higher. View full post on Mortgage Stories
Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – Retail industry experts warned Monday that the 2.5 percent increase in value added tax, which took effect Tuesday, will be exploited by merchants to hike the prices of their wares. Experts estimate cost of goods and even services will go up by about 8 [...]
Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – The British think tank, Institute for Fiscal Studies, warned Thursday of a rise in poverty in the country because of the ongoing austerity cuts. The institute claims that as average incomes stagnate, relative and absolute poverty among children and working-age adults will go up [...]
NEW YORK–(BUSINESS WIRE)–Loss severities on distressed U.S. residential mortgage loans are likely to increase an additional 5-10% from current levels due to higher loss mitigation and foreclosure expenses and weakening home values, according to the latest RMBS Performance Metrics results from Fitch Ratings. The anticipated increases for each sector’s average loss severities are expected to [...]
Credit union loan balances fell 0.25% in the month of October–the ninth month of declines over the past 12 months–according to a CUNA economist’s analysis of CUNA’s monthly review of credit unions. View full post on All Stories
Bad situations can happen to anyone and can range from the inevitable car trouble that always seems to happen when you least expect it, to other more serious situations such as the loss of a job. If you have bad credit or blemishes on your credit report, these bad situations can seem like the end [...]
Powered by Yahoo! Answers