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Rise in cash-out refi share is a sign of higher mortgage rates

The share of cash-out mortgage refinancings was its highest in nearly 10 years in the first quarter. But rather than being a case of consumers using their home as a piggybank, it is a sign of a rising interest rate environment that is curtailing total refinance volume. Cash-out refis were 35.9% of mortgages originated in the first quarter, compared with 41.2% for purchase mortgage loans and 25.2% for rate and term refis, according to data from the Federal Housing Finance…

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Brexit will make getting a mortgage harder, says a third of the self-employed

More than a third (35%) of self-employed people think Brexit will affect their ability to take out loans, including mortgages, Kensington research has found. They have a mixed attitude towards the UK’s departure from the European Union, as two thirds (63%) reckon it’ll have no direct impact on their business, but over half (52%) expect it to have a negative impact on the wider economy. Craig McKinlay, sales and marketing director at Kensington Mortgages, said: “Self-employed workers are, without a…

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Washington Home Buying Report for Spring 2018: The Latest Trends

Are you planning to buy a home in Washington State sometime during 2018? If so, you’ll want to keep reading. This home buying report provides an in-depth look at real estate market trends across the state of Washington. It is fully updated for spring 2018 with all of the latest data. Washington Home Buying Report: Spring 2018 Rising mortgage rates, rising home prices, and limited inventory. Those are the trends we’ve been watching over the last few months, and sharing…

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Mutuals could look to cat bonds for reinsurance diversity: Lubert, Willis Re Canada

Geoff Lubert, Executive Vice President (EVP), Managing Director, Willis Re Canada, recently highlighted the potential for mutual insurance companies to utilise insurance-linked securities (ILS) capacity to diversify their overall reinsurance placement.Speaking with A.M. BestTV at the 2018 Meeting of Reinsurance Officials (MORO), a conference organised by The International Cooperative and Mutual Insurance Federation (ICMIF), the reinsurance broking sector executive alluded to a discussion from one of the conference’s panels, which explored mutuals using catastrophe bond transactions for their risk transfer needs.…

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GE is shrinking its empire but not fixing its debt crisis

John Flannery is on a mission to clean up General Electric’s debt mess by further shrinking the conglomerate’s empire. The GE CEO has promised to sell about $20 billion of businesses — and use the proceeds to pay down debt. GE made progress on that goal on Monday by unloading GE Transportation, the 111-year-old rail division, in an $11 billion merger with rival Wabtech (WAB). GE also recently agreed to sell a health-care business for $1 billion. GE has been…

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CNBC: Trump-Russia Ties – The Big Picture

CNBC: Trump-Russia Ties – The Big Picture ‘);//–> } May 24, 2018 5:00pm by Barry Ritholtz John Harwood does an outstanding job putting all of the issues into context: Trump’s in-plain-sight embrace of Russia gets obscured by the Trump news avalanche. But long before running for president, Trump relied on Russian money. Trump also consistently defends Russia and attacks U.S. officials investigating Russia.    The Trump-Russia ties hiding in plain sightSource: CNBCSource: CNBC  Previous Post Oil Production vs. Oil Prices…

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McCulloch County, Texas VA Loan Information

The 2018 $0 down, VA home loan limit for McCulloch County is $453,100. Located near the center of Texas, McCulloch County truly is the heart of the state, featuring many resources and cultural landmarks. Many interesting attractions can be found in and nearby McCulloch County, where everyone is sure to have a great time. Rich in history, the county is home to many amazing historical landmarks and structures that any history buff is sure to enjoy. Find your new favorite…

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In the Comcast-Disney battle, is Brian Roberts outflanking Bob Iger?

Three of the world’s most influential media executives are trying to outduel one another for a chance to define the future of the media industry. Where Comcast (CMCSA) and Disney’s (DIS) battle for Fox ends up is anybody’s guess. Here’s where things stand right now: Comcast this week said it is mulling an offer for the major film and TV assets owned by 21st Century Fox (FOXA). The bid isn’t yet official. But if Comcast forges ahead, it could threaten…

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BT Group PLC to raise base salary for chief executive for first time since Italy accounting scandal

 () has recommended a pay rise for chief executive Gavin Patterson for the first time since the telecoms giant was rocked by an accounting scandal at the group’s Italian arm. Patterson received an increase in his base salary in 2016 but since then, it has remained at £996,825. BT decided to leave Patterson’s base salary unchanged in 2017 but cut his overall pay, including bonus, by £4mln to £1.34mln after an accounting disaster at the group’s Italian arm…

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Why I’m Leaving Marquette University

Authored by Zachary Petrizzo via Campus Reform, I am leaving Marquette University due to the rampant political bias on campus and the school’s growing separation from the Catholic Church. When I made the decision to attend college, I wanted to be a part of a community of learners that pushed boundaries, yet still held the values of the Catholic Church in high regard. I applied to many types of schools—East and West coast, large and small, with many in the…

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