mortgage

"A total of 21.3 million are spending 30 percent or more of their paycheck to cover the rent — also a record high," said CNN in a recent article. As rent prices skyrocket in high-cost-of-living cities, like San Francisco, Chicago and New York City, even supposed low-income-...

Wells Fargo & Co (NYSE: WFC) announced a new home loan initiative. Called, "yourFirst Mortgage," the program offers down payments at as little as 3 percent for applicable mortgages. The program is aimed at first-time homebuyers and low- to moderate-income families. The Initiative Wells Fargo...

Having a mortgage when you’re nearing retirement age can be a scary prospect. However, it’s not an unheard of situation. For whatever reason, whether your mortgage term extends into your retirement-date goal or you’ve had to take out a second mortgage/refinance your home and the...

There are many reasons retirees may consider selling their home once they retire or hit a certain point in retirement. Making that decision, however, is not easy, nor should it be taken lightly. Moving Motivations Before any decisions are made, it is important to delve into the reasons you wish to...

In a new report, Rafferty Capital Markets analyst Dick Bove discussed what he sees as an imminent threat in the U.S. mortgage market. According to Bove, a downturn in the U.S. economy could set in play a chain of events that could lead to disaster in the mortgage market. Since the United States...

In separate reports published Tuesday, analysts at both Stifel and Deutsche Bank initiated coverage of TransUnion (NYSE: TRU) with Buy ratings. Stifel: Strong Top And Bottom-Line Growth Shlomo Rosenbaum of Stifel initiated coverage of TransUnion at Buy with a $29 price target as the company...

The selloff in stocks has erased all of the gains on Wall Street this year as the S&P 500 Index dipped into the red for 2014.  In just a few short weeks, sellers have taken control of the momentum in equities and significantly altered the tone of the markets.  As a result of...

Having sprouted some gray hairs and lost more than a few others, most of us have heard some bad advice in our lifetime. Always bet the favorite. Go all in with Ace-King. Never eat at a place called 'Mom's.' Buy stocks because they return 10 percent a year. Get a real job. Use managed futures to...

Strong Quarterly Results Citigroup (NYSE: C), 2010 Q3 Earnings were $.10 vs. $.07 consensus estimate. This is a 43% upside surprise beat. Q3 net income was $2.2 Billion dollars with revenues of $20.7 Billion dollars. Year-to-date, C is up over 41%, and holds a Tier 1 capital ratio of 10.3%. CEO...