Obama-era Housing Official Slams Biden’s Mortgage Plan
A Obama-era housing official has reportedly criticized president Joe Bidens mortgage plan and said it was an “unprecedented move” and that it was “not the way” to attract more buyers. What happened: “We can do better programs to help more minorities become homeowners. It doesn’t work that way,” said the former Federal Administration for Housing […]
New York Mortgage Trust Conference Call Scheduled for Q1 2023…
NEW YORK, April 7, 2023 (GLOBE NEWSWIRE) — New York Mortgage Trust, Inc. NYMT (the “Company”) is scheduled to report financial results for the three months ended March 31, 2023 after the market close on May 3, 2023. Management of New York Mortgage Trust will host a conference call and audio webcast at 9:00 a.m. […]
30-Year Mortgage Rates Climb Over 7% Again – Vanguard Total Bond Market…
As markets continue to be swayed by fears of prolonged inflation and interest rate hikes, the average interest rate on the 30-year fixed-rate mortgage reportedly topped 7% on Thursday. Interest rates jumped above 7% last October, hitting their highest level in over 20 years. after to a CNBC report. However, they fell into the following […]
Rocket Mortgage CEO Jay Farner steps down after 27 years with…
Rocket Companies Inc RKT announced on Monday that Rocket Mortgage CEO Jay Farner will step down in June after more than 27 years with the company. Rocket’s C-Suite Changes: If Farner resigns, Bill Emersonthe vice chairman of Rock Holdings, will become interim CEO of Rocket Mortgage, the Detroit-based company said. Rocket Mortgage is a fintech […]
8Twelve Signs Mortgage Release Agreement With Dwello
TORONTO, Jan. 19, 2023 (GLOBE NEWSWIRE) — 8Twelve Financial Technologies Inc. (“8Twelve” or the “company“) is pleased to announce that it has reached an agreement to provide mortgage solutions to Dwello. Dwello is dedicated to providing equitable access to credit for all Canadians. Tenants can sign up for free to pay rent through Dwello’s payment […]
Wells Fargo is stepping out of the mortgage business: what’s going on? -…
Wells Fargo & Co WFC Shares rose in Tuesday’s after-hours session after the company announced strategic plans to create more focus Home Loan Business. What you should know: Well Fargo announced that it is exiting its correspondence business and plans to reduce the size of its services portfolio to reduce risk in its mortgage business. […]
These 2 Small-Cap Mortgage REITs Touting Huge Yields Are Trading Well…
When investing in Mortgage Real Estate Investment Trusts (REITs), it’s important to remember that these types of REITs do not actually own the property, but directly or indirectly lend money to the owner-operator of the property. During periods of rising interest rates, short-dated REITs outperformed and averaged the Dow Jones Industrial Average in all seven […]
These 3 mortgage REITs have yields in excess of 13% and will continue to…
That VanEck Mortgage REIT Income ETF MORT is down about 31% year-to-date as a string of rate hikes by the Federal Reserve sent a shock through the housing-related industries. Mortgage REITs allow investors to enter the real estate market without owning the physical property. Investors have the opportunity to benefit from the interest generated by […]
These 2 Mortgage REITs Have Yields Over 10% And Have Gone Unnoticed…
That iShares Trust iShares Mortgage Real Estate ETF SEM has 50 holdings evenly diversified across small, mid, and large-cap stocks, and also invests less than half of its assets in the financial services sector. The iShares Mortgage ETF is down nearly 31% year-to-date as rising mortgage rates have pushed the market price higher from real […]
Raymond James downgrades US homebuilder over mortgage rate hike – KB…
Raymond James Analyst Buck Horne downgraded the rating for the stock KB Home KBH, lennar corp LEN, MDC Holdings Inc MDC, Pulte Group Inc PHMand Toll Brothers Inc TOL to Market Perform. He downgraded the stock from DR Horton Inc DHI to beat Strong Buy’s rating. The move comes after a 200 basis […]