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 Wednesday, April 25, 2018
 
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Sean Hannity reportedly owns at least 870 properties in 7 states
The Week • Peter Weber
Michael Cohen case shines light on Sean Hannity's property empire
The Guardian • Jon Swaine
Mortgage rates climb to highs not seen in four years
Chicago Tribune • Kathy Orton
Wells Fargo Could Be Fined $1 Billion For Abusing Car Loans and Mortgages
Fortune Magazine • Aric Jenkins
The Subprime Mortgage is Back on the Market, and Has a Brand New Name
Inc. • Dustin Mckissen
First Republic Bank's (FRC) CEO James Herbert on Q1 2018 Results - Earnings Call Transcript
Seeking Alpha
5 states where you only need to make about $40,000 to afford an average home
CNBC • Shawn M. Carter
Wells Fargo faces $1 billion fine from loan abuses
Reuters • Aparajita Saxena
UPDATE 3-Wells Fargo faces $1 billion fine from loan abuses
Reuters • Aparajita Saxena
Sellers blame new mortgage rules as average Canadian house price falls 10% in past year
CBC Radio-Canada • Pete Evans
 
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Finance, Foreclosure
Sean Hannity reportedly owns at least 870 properties in 7 states
The WeekPeter Weber
Fox News host Sean Hannity has said he only asked legal advice from Michael Cohen, President Trump's personal lawyer and fixer, regarding real estate, and he would have a lot to ask about, according to a report in The Guardian. "I've said...
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Foreclosure, Fox News Channel
Michael Cohen case shines light on Sean Hannity's property empire
The GuardianJon Swaine
When Sean Hannity was named in court this week as a client of Donald Trump’s embattled legal fixer Michael Cohen, the Fox News host insisted their discussions had been limited to the subject of buying property. “I’ve said many times on my...
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Education, Finance
Mortgage rates climb to highs not seen in four years
Chicago TribuneKathy Orton
(Steven Senne / AP) Mortgage rates broke out of their rut this week, with the 30-year fixed-rate average reaching its highest level in four years. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 4.47...
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Federal Reserve, Finance
Wells Fargo Could Be Fined $1 Billion For Abusing Car Loans and Mortgages
Fortune MagazineAric Jenkins
Wells Fargo may be forced to pay a $1 billion fine due to investigations into its mortgage and car insurance loan abuses. Two U.S. regulators proposed the penalties following the banks’ reports of a first quarter profit, according to Reuters. Analysts told...
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Mortgages, Personal Finance
The Subprime Mortgage is Back on the Market, and Has a Brand New Name
Inc.Dustin Mckissen
A little more than a decade ago the economy collapsed, and at the center of that collapse was the subprime mortgage. These loans, often made to borrowers with bad credit, no job, and no income turned into a systemic risk that eventually...
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Mortgages
First Republic Bank's (FRC) CEO James Herbert on Q1 2018 Results - Earnings Call Transcript
Seeking Alpha
First Republic Bank (NYSE:FRC) Q1 2018 Earnings Conference Call April 13, 2018 10:00 AM ET Executives Shannon Houston - SVP, Chief Marketing and Communications Officer James Herbert - Founder, Chairman & CEO Hafize Erkan - President Michael Roffler - EVP & CFO...
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Mortgages, Real Estate
5 states where you only need to make about $40,000 to afford an average home
CNBCShawn M. Carter
Have houses in the U.S. gotten too expensive? It depends. Financial website How Much used data from real-estate site Zillow to collect home prices for every state to find the minimum income needed to afford a place there and found that, in...
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Banking, Mortgages
Wells Fargo faces $1 billion fine from loan abuses
ReutersAparajita Saxena
() - Two U.S. regulators have proposed Wells Fargo & Co (WFC.N) pay $1 billion in penalties to resolve probes into auto insurance and mortgage lending abuses at the third largest U.S. bank, overshadowing its first quarter results. A Wells Fargo logo...
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Banking, Mortgages
UPDATE 3-Wells Fargo faces $1 billion fine from loan abuses
ReutersAparajita Saxena
() - Two U.S. regulators have proposed Wells Fargo & Co (WFC.N) pay $1 billion in penalties to resolve probes into auto insurance and mortgage lending abuses at the third largest U.S. bank, overshadowing its first quarter results. A Wells Fargo logo...
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Mortgages, Real Estate
Sellers blame new mortgage rules as average Canadian house price falls 10% in past year
CBC Radio-CanadaPete Evans
The average price of a Canadian home sold last month was just over $491,000, a 10 per cent drop in the past year. The Canadian Real Estate Association said Friday that the number of homes sold also plunged, by almost a quarter...
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