CNONGD

Finance, Credit and Loan Information

February, 2017

Higher mortgage costs won’t put the brakes on homebuying, industry economist says

Higher home financing costs wont derail the housing market this year, the countrys top mortgage industry economist says. But an unexpected jump in the number of people late with their home loan payments has analysts taking notice. We are forecasting about a 4 percent [annual] growth in mortgage debt outstanding over the next couple of […]

LIA to Steve Mnuchin: Don’t end mortgage interest deduction

Trump administration proposals to limit federal tax deductions for costs such as mortgage interest could harm Long Islands housing market and drag down its economy, the LIA warns in a letter to Treasury Secretary Steve Mnuchin, seen in a Nov. 17, 2016, photo. Photo Credit: AFP/Getty Images / Eduardo Munoz Alvarez

Service sector lifts UK economic growth 0.6% in Q4

Mortgage rates down slightly

From Freddie Mac’s weekly survey: The 30-year fixed rate improved to 4.15 percent, two basis points better than last week’s 4.17 percent. The 15-year fixed improved to 3.35 percent, four basis points better than last week’s 3.39 percent. The Mortgage Bankers Association reported a 3.7 percent decrease in loan application volume from the previous week. […]

Kenneth Zapp: Let’s find solution to Chatham County housing crisis

We have a crisis in our community: People with limited financial resources cannot find affordable housing. What are the indicators of this problem? The Housing Authority of Savannah, the agency responsible for public housing, operates 1,599 units which are rented for below market rates. Their waiting lists are shocking: They have 5,842 applications waiting for […]

Mortgage Payments Take Up Biggest Share Of Income Since 2010

With interest rates and home values on the rise, the typical monthly mortgage payment now requires more of the average household income than it has any time in the previous six years, according to a report released today by Zillow. The report finds that US buyers can expect to spend 15.8 percent of their median […]

Student and Parent Perspectives on Higher Education Financing

Editor’s note: The next president is in for a rough welcome to the Oval Office given the list of immediate crises and slow-burning policy challenges, both foreign and domestic.What should Washington do? Why should the average American care? We’ve set out to clearly define US strategic interests and provide actionable policy solutions to help the […]

TransUnion (TRU) Q4 Earnings: What’s in Store this Time?

Premium business service company TransUnion (TRU – Free Report) is scheduled to release fourth-quarter 2016 results before the market opens on Feb 14. In the last reported quarter, adjusted earnings matched the Zacks Consensus Estimate. The company recorded an average positive earnings surprise of 9.95% over the trailing four quarters, beating estimates thrice. Let’s see […]

The Solar Capital Ltd. (SLRC) Upgrade to Hold by the Zacks Investment Research

Solar Capital Ltd. (NASDAQ:SLRC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday. According to Zacks, “Solar Capital Ltd. is a closed-end investment company that invests primarily in leveraged companies, including middle market companies, in the form of senior secured loans, […]

Mortgage rates rise following Fed chair’s talk

Janet Yellen, chair of the Federal Reserve, told Congress this week that the central bank wants to raise the overnight federal funds rate gradually. That is the course that the central bank has charted so far; it has hiked the rate twice in the last 14 months. In her congressional testimony, Yellen said it would […]

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