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Tag: banks

Mortgage Rates: Why The Fed Won’t Raise Interest Levels
By September 19, 2016 0 Comments Read More →

Mortgage Rates: Why The Fed Won’t Raise Interest Levels

Will mortgage rates keep rising? It’s not much of a question, given that rates have “soared” to 3.5 percent according to Freddie Mac. On Wednesday the Fed will announce whether or not it will raise bank rates. Here’s a clue: It won’t. And one by-product of such a decision will be less pressure on mortgage […]

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Mortgage Rates: Should You Worry About Battered Bank Profits?
By September 12, 2016 0 Comments Read More →

Mortgage Rates: Should You Worry About Battered Bank Profits?

Pity the nation’s poor banks. According to USA Today, they’re suffering. “While analysts say a Fed rate hike and higher rates overall would be welcome news for banks’ battered bottom lines, the specter of higher borrowing costs slowing economic activity was viewed as trouble for most sectors,” says the paper. (See: How bank stocks could weather […]

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Mortgage Rates: Will The Fed End The Real Estate Recovery?

Mortgage Rates: Will The Fed End The Real Estate Recovery?

The Federal Reserve is at it again, threatening to once more raise bank rates. One consequence of such an increase could be rising mortgage rates and an end to the real estate recovery. Right now the housing market is recovering. July new home sales were up 31.3 percent when compared with a year ago. June […]

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Will Borrowers Benefit From New Mortgage Application Form?

Will Borrowers Benefit From New Mortgage Application Form?

For the first time in 20 years borrowers will soon face a new mortgage application form, seven pages of questions, acknowledgments and declarations designed to make the lending process quicker and easier in the electronic era. Press here for your copy of the new mortgage application form. Is it really better? Will it result in […]

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The Real Reason Mortgage Rates Keep Falling

The Real Reason Mortgage Rates Keep Falling

By now mortgage rates were supposed to moving higher but that hasn’t been the case. Instead, lenders are elated to unload cash at rates which are beginning to approach the record lows seen in 2012. The loser in all of this is the Federal Reserve. It raised rates in December and the nation’s banks instantly […]

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Why Credit Scores Are So Common

Why Credit Scores Are So Common

Credit scores have become more common in the last few years and one reason is that requirements under new federal lending rules. It’s not so much that lenders are required to hand out credit scores, rather the requirements are sufficiently vague that lenders give out the scores without cost to mortgage applicants to avoid any question […]

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Why Subprime Mortgages Are Back

Why Subprime Mortgages Are Back

Subprime mortgages – once the bad boys of real estate lending – are coming back. Figures from the Federal Reserve Bank of St. Louis show that between 2007 and the start of 2013 subprime mortgages fell off the radar for most banks but now they have begun to make a significant comeback. What happened to […]

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Big Bank Derivative Bets Nearly Double In Six Years

Big Bank Derivative Bets Nearly Double In Six Years

America’s major banks now hold derivatives with a notational worth of $225 trillion — about a third of the world total. No kidding. Trillion. And that’s up from a mere $120 trillion six years ago. Rather than being weened off derivatives, America’s big banks are more deeply entrenched then ever. Hopefully Wall Street has it figured […]

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America’s Big Banks, America’s Financial Vietnam

America’s Big Banks, America’s Financial Vietnam

Three years ago the most-powerful instutitions in America were the nation’s largest banks and brokerages, Wall Street for short. While millions of people were losing their homes, their jobs and their savings, the nation’s elite extracted a $700 billion line-of-credit from Uncle Sam. Now Wall Street is our financial Vietnam. It’s broken. The old cures […]

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How To RAISE Social Security Benefits Now

How To RAISE Social Security Benefits Now

Social Security is much in the news with claims that it’s going bankrupt and cries that benefits must be cut. But that isn’t the case, in fact if everyone simply paid their fair share of the costs — if bosses paid as much of their income as their workers — benefits could be maintained or […]

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