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How the Fed does and does not influence mortgage rates

[ad_1] Video Transcript: The Federal Open Market Committee led by current Chairperson, Jay Powell, is scheduled to meet this week as they do every six weeks. What makes this week unique is the Fed is expected to hike short-term interest rates by one quarter of one percent (.25%). The Fed controls an interest rate called the Federal Funds Rate, and pragmatically speaking, it actually plays a very obscure role in our economy. The Federal Funds Rate dictates the rate of…

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Comey Responds To OIG Report: “My Team Faced An Extraordinary Situation”

[ad_1] Former FBI Director James Comey has responded to the DOJ Inspector General’s report which concluded that he was “insubordinate,” used personal email for official business, and “deviated” from FBI norms.  Highlights:  “the inspector general’s team went through the F.B.I.’s work with a microscope and found no evidence that bias or improper motivation affected the investigation”  “But even in hindsight I think we chose the course most consistent with institutional values.” “The report also resoundingly demonstrates that there was no…

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Bloomberg TV: Consolidation is Coming to the Cable Industry

[ad_1] Bloomberg TV: Consolidation is Coming to the Cable Industry – The Big Picture ‘);//–> } June 14, 2018 2:30pm by Barry Ritholtz Nice discussion on billionaires at the end . . .   Ritholtz Says Consolidation is Coming to the Cable IndustrySource: Bloomberg, June 14th, 2018   Bloomberg Opinion columnist Barry Ritholtz discusses the performance of Netflix and Wall Street’s appetite for M&A.   Gary Cohn, the former top economic adviser to President Donald Trump, said Thursday that trade…

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Vintage Classic Bedside /Table Analog Alarm Clock Only $11.99 On Amazon!

[ad_1] Have you been having a hard time waking up to just your phone alarm? This is such a fun clock to have on your bedside table or office desk. PiLife 3″ Mini Non-ticking Vintage Classic Bedside /Table Analog Alarm Clock with Backlight , Battery Operated Travel Clock, Round Twin Bell Loud Alarm Clock for Kids( 3D Mint Green) – $11.99 UNIQUE STYLING DESIGN: Old fashioned style with mint green colour breaks through the traditional shape and makes feast for…

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Improve credit score: When does negative information “fall off” my credit report?

[ad_1] Craig Berry The Mortgage Reports Contributor How long does it take to improve a credit score? Negative credit history — late payments, judgments, foreclosures, charge-offs, bankruptcies and collections — can stay on your credit report for seven to ten years. But you can improve credit score values fairly quickly. Most derogatory items come off within seven years Bankruptcies can stay on for up to ten years Employers and insurers may be able to see negative events even after they…

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EXCLUSIVE: Specialist brokerage VIBE Finance launches

[ad_1] Former commercial lending manager Kim McGinley has launched a directly authorised specialist brokerage called VIBE Finance. The broker will offer bridging, second charges, buy-to-let, HMOs, commercial, semi-commercial properties and sourcing funding for refurbs and development. McGinley was a commercial lending manager at Hampshire Trust Bank for two years and prior to this she was commercial loan manager at InterBay Commercial. Computer says yes….well, actually, no. Sorry She said: “After months of careful planning and designing the branding, I’m proud…

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Brit adds Graham Pewter to board of Sussex Capital collateralised vehicle

[ad_1] Brit Ltd., the global specialty insurance and reinsurance company, has announced new board appointments including the addition of Graham Pewter, previously the President and CEO of Catlin, to the board of the firms collateralised reinsurance venture Sussex Capital Limited.Sussex Capital is Brit’s third-party capital management venture, which launched for the start of 2018 as a new collateralised reinsurance fund, named Sussex Capital, underwriting both third-party business on a fully-collateralised basis and also assuming some risk from Brit’s syndicate at…

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China is killing his business. Tariffs could make or break it

[ad_1] Garry Hartman hoped tariffs would save the factory he runs in Berwick, Pennsylvania. Now he’s not so sure. Hartman is the president of Cheetah Chassis, a 170-person company that for decades has made container chassis, the steel frames used to transport shipping containers across the country. At its peak in the 1990s, Cheetah had more than 500 workers and produced about 240 trailers a week. But over the past 10 years, Cheetah has steadily been pushed out of the…

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Apple is starting a music publishing business. Huh?

[ad_1] Apple Music and Spotify are in the trenches of the “streaming wars” — and Apple is fighting for every inch. Last week, Apple Music announced it was setting up a global music publishing division, raising eyebrows in the music world, with industry insiders wondering what the move meant. Typically, music publishers work with songwriters, helping with the creative process and ensuring they collect royalties for their compositions. But Apple Music said this won’t be the role of its new…

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UK Oil & Gas Investments PLC shares rally as Horse Hill gets green light for production testing

[ad_1] () jumped higher on Thursday after plans to test the Horse Hill discovery received approval from the UK authorities. The UK Oil and Gas Authority (OGA) has greenlighted a proposed 150-day extended production well test at Horse Hill, where both the conventional Portland and unconventional Kimmeridge zones will be flowed. READ: UKOG shares drop as equity funding is considered “Horse Hill is the first in a series of planned near-continuous appraisal drilling and testing operations designed…

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