Mortgage News

The mortgage market is a key part of the US economy, as demonstrated by the subprime controversy of 2007 and 2008. To stay up-to-date on this important topic, sign up for the Wiser mortgages news email. The mortgage industry is large with many lenders involved in both the personal residential part of the market, and in providing mortgage loans to business. The number of products is also vast, and includes fixed-rate mortgages and adjustable-rate mortgages. And it is a regulated industry. The regulations aim to protect the interests of mortgage holders as well as to maintain a mortgage market that is stable and healthy. Ongoing changes in the banking sector will continue to have an impact on the market, as will the US economy as it continues to recover from the 2008 financial crisis which was partly caused by bad mortgage lending practices. The Wiser mortgages news email covers the latest movements in interest rates, analysis, and news regarding mortgage providers. If you are interested in mortgages, it will become your go-to resource for the latest news and information, so register today.

Recent Mortgage News Coverage
 
Your Weekly Recommendations Monday, May 29, 2017
 
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China auto ABS motors ahead, despite bond slowdown
Reuters
Schedule I Canadian Banks - (Part 1 Of 6): Bank Of Montreal
Seeking Alpha • Charles Fournier
After 9 years of sweeping Fannie and Freddie under the rug, risks begin to emerge
The Hill • Mark Zandi, Opinion Contributor
What Is the Smartest Way to Pay Off a Debt?
The New York Times • Ronda Kaysen
The prisoner's dilemma is confounding the housing market
The Hill • Mark Fleming, Opinion Contributor
Banks write off Rs 2.2 lakh crore in five years, said to be highest ever
The Economic Times of India
Broker, agent who worked with subsidiary of Home Capital disciplined
CBC Radio-Canada • The Canadian Press
Freddie Mac: Mortgage Serious Delinquency rate unchanged in April
Calculated Risk • Bill Mcbride
Americans Don't Even Know What Their Most Important Retirement Asset Is, Study Shows
Forbes • Contributor, Jamie Hopkins
A renovation boom is turning people's homes into ATMs again
CNBC • Diana Olick
 
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Banking, Mortgages
China auto ABS motors ahead, despite bond slowdown
Reuters
* Car-loan securitisations buck downbeat trend for corporate credit By Ina Zhou HONG KONG, May 29 (IFR) - Auto loan securitisations have continued to thrive this year in China, in contrast with the sharp decline in vanilla bond sales. Last week, SAIC-GMAC...
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Bank Regulation, Banking
Schedule I Canadian Banks - (Part 1 Of 6): Bank Of Montreal
Seeking AlphaCharles Fournier
Summary BMO reported Q2 2017 results May 24, 2017 with its US results raising concerns about a slowing in its US growth. BMO’s Capital Measure Ratios continue to improve thus providing investors with assurances that BMO remains a safe bank. Pockets of...
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Banking, Finance
After 9 years of sweeping Fannie and Freddie under the rug, risks begin to emerge
The HillMark Zandi, Opinion Contributor
When mortgage giants Fannie Mae and Freddie Mac were put into conservatorship, few thought the two agencies would still be wards of the federal government nearly nine years later. But they are, and taxpayers are still on the hook for any losses...
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Mortgages, Personal Finance
What Is the Smartest Way to Pay Off a Debt?
The New York TimesRonda Kaysen
Q. My wife took out a $30,000 personal loan from a colleague whom she would like to pay back now. To get the funds, we could either refinance the mortgage on our co-op in Jackson Heights, Queens, or take out a home...
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Foreclosure, Mortgages
The prisoner's dilemma is confounding the housing market
The HillMark Fleming, Opinion Contributor
The realization is setting in — the housing market faces an inventory impasse, not a demand dilemma. Existing-home sales continue to improve, up 1.6 percent over a year ago, according to the latest National Association of Realtors (NAR) statistics. Yet, as the...
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Accounting, Mortgages
Banks write off Rs 2.2 lakh crore in five years, said to be highest ever
The Economic Times of India
PUNE: All scheduled commercial banks (SCBs) wrote off Rs 2,25,180 crore cumulatively in the five-year period ended March 2016, the Reserve Bank of India (RBI) said in an RTI reply filed by TOI. SCBs represent all public sector banks, private sector banks,...
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Economic Policy, Finance
Broker, agent who worked with subsidiary of Home Capital disciplined
CBC Radio-CanadaThe Canadian Press
An Ontario regulator says it has imposed disciplinary actions against a mortgage broker and agent who worked with Home Trust Co., a subsidiary of Home Capital Group, over their handling of mortgages. The Financial Services Commission of Ontario (FSCO) says it conducted...
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Mortgages
Freddie Mac: Mortgage Serious Delinquency rate unchanged in April
Calculated RiskBill Mcbride
Freddie Mac reported that the Single-Family serious delinquency rate in April was at 0.92%, unchanged from 0.92% in March. Freddie's rate is down from 1.15% in April 2016. Freddie's serious delinquency rate peaked in February 2010 at 4.20%. This matches last month...
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Finance, Financial Regulatory Bodies
Americans Don't Even Know What Their Most Important Retirement Asset Is, Study Shows
ForbesContributor, Jamie Hopkins
Tweet This It is really not a comprehensive plan if it ignores most Americans’ largest asset – home equity. Grab A Retirement Saver's Tax Credit According to a new research report from The American College of Financial Services, Americans moving into retirement...
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Foreclosure, Mortgages
A renovation boom is turning people's homes into ATMs again
CNBCDiana Olick
If you can't move, renovate. ADVERTISING inRead invented by Teads Fast-rising home prices and a record-low number of homes for sale have a lot of homeowners choosing to stay put — and put in a new bathroom or update the kitchen. Higher...
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