UBS: Fed may cut rate three times in 2020
Conventional wisdom says the Federal Reserve won't cut rates during an election year, to avoid looking like it's favoring one candidate over another - unless there's an economic shock so severe, it's forced to act. However, we don't live in conventional times.
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Fewer U.S. homeowners moved in 2019 than ever before
What do Americans do when so few new homes are being built? Remodel, according to the latest report for Buildfax. According to the housing data and analytics company, 2019 marked the lowest rate of mobility in the U.S. since the metric was first tracked in 1947. Only 9.8% of Americans moved last year. Though this marks a new low, it's not terribly far off from the only 10.1% who moved between 2017 and 2018.
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How talk of war, recessions and elections could affect mortgage rates in 2020
In these turbulent times with threats of war and recession as well as looming elections, many have speculated as to what headline risks would negatively impact the overall economy, thus affecting mortgage rates.
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U.S Mortgage Rates Inch Up as Applications Surge
Mortgage rates found support in the week ending 16th January, rising by 1 basis point to 3.65%. In the week ending 9th January, mortgage rates had fallen by 8 basis points to 3.64%. In spite of the weekly increase, mortgage rates remained close to 14-week lows. 30-year rates also continued to hold close to levels last seen in early November of 2016, according to figures released by Freddie Mac.
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Graham Backs a Bill Friendly to Real-Estate Industry
The Republican from South Carolina, a close ally and golf partner of President Trump, is chairman of the Senate Judiciary Committee. He is a co-sponsor of a bill that would ease some new restrictions on the program, known as EB-5, which governs visas that grant permanent U.S. residence to foreigners who invest in qualifying real-estate projects and other businesses that create jobs in the U.S.
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CANADA: Ontario's house-poor homeowners could be tempted by fraud and real estate lawyers are on high alert
LawPRO is warning lawyers to be on the lookout for "fraud for shelter," with "housing prices on the rise, more rigorous mortgage rules, and the resulting difficulty for some Ontarians to purchase property."
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FCT joins Canada's leading digital identity service Verified.Me®
SecureKey Technologies Inc., a provider of federated identity and authentication solutions, announced today that FCT, the national leader in title insurance and real estate technology, has joined the Verified.Me network to help lending professionals complete identity validation for borrowers in a quick and secure way.
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She bought a home for $1 on a road that might not exist. She hopes you learn from her story.
Riddick won the chance to buy a house for $1 through the HUD Dollar Homes program, an initiative designed to help first-time homebuyers and stabilize neighborhoods. But the key that should have unlocked a future of stability for Riddick instead has left her feeling trapped. That's because her Northside home sits on a section of Vandalia Avenue that is privately owned, and the owner argues it isn't a street at all.
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Safeguarding the Reverse Mortgage Business in the Cyber Security Age
In the wake of numerous, high-profile cyber security breaches that have afflicted some of the world's largest technology companies, it's incumbent upon financial professionals in particular - even in the reverse mortgage industry specifically - to be aware of cyber security threats and how to protect against attacks that can affect clients, business and employees.
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