1. Trump Says Iran Will Accept Weapons Inspections 2. Micron and Anthropic Reach Strategic Cooperation and Supply Agreement 3. Trump Administration Cuts Oil Drilling Deposit by 95% 4. Trump Administration Intensifies Quantum Strategy Overnight Markets On Monday, U.S. stocks closed mixed. The Dow Jones Industrial Average rose 0.29%, the Nasdaq Composite fell 1.33%, and the
Jim Paulsen, Chief Investment Strategist at Leuthold Group, has issued a warning that unfavorable warning signals are accumulating in the U.S. stock market, with expectations of a potential pullback of up to 20% in the near term. The six signals mentioned in the report include tightening economic policy, oil prices having peaked, declining consumer confidence,
Jim Paulsen Warns of Up to 20% Pullback in US Stocks Amid Accumulating Warning Signals Read More »
In response to a more hawkish-than-expected Federal Reserve, more major Wall Street banks are capitulating and being forced to change their stances. Bank of America and Deutsche Bank now both expect the Fed to raise interest rates this year. BofA projects three rate hikes this year, which is currently the most aggressive hike expectation among
Wall Street Shifts: BofA and Deutsche Bank Now Predict Fed Rate Hikes in 2025 Read More »
Canadian Minister of Energy and Natural Resources, Tim Hodgson, has unveiled the country’s first national nuclear energy strategy, aimed at revitalizing civilian nuclear development. The strategy aligns with the national electricity strategy and is composed of four pillars: advancing new nuclear power projects, positioning Canada as a global nuclear supplier and exporter, expanding uranium production
Goldman Sachs has lowered its 12-month US recession probability from 25% to 15%, citing progress in US-Iran negotiations and improved labor market conditions. The bank also raised its US GDP growth forecast for the second half of the year to 2%, driven by lower natural gas prices and the ongoing AI boom. June 23 –
Uplist integrated Arcasa financing into its listing QR codes and personalized shopping links, adding a zero-down FHA option. The scenario, which is available in 46 states, combines down payment assistance and solar financing and includes estimated utility savings. Uplist, a homebuyer intelligence platform that provides mortgage payment options on property listings, announced on Thursday that
Uplist Adds Arcasa Zero-Down FHA Financing to Listing QR Codes Read More »
Article Summary: The MBA Purchase Applications Payment Index fell to 154.3 in August as the median mortgage payment declined to $2,162. Year over year, earnings growth of 4.1% outpaced a 2.9% rise in payments, lowering the index by 1.1%. Homebuyer affordability improved modestly in August as the median monthly mortgage payment for purchase applicants fell
Article Summary BNPL usage is widespread and some providers now report repayment data to credit bureaus. New FICO models may boost scores for many users, though impacts on qualifying debt-to-income ratios are unclear. Millions of U.S. consumers are using Buy Now/Pay Later (BNPL) options for online and in-store purchases of technology, clothing and accessories, pet
BNPL and Mortgage Qualification: How Buy Now Pay Later Affects Credit and Homebuying Read More »
Article Summary Better said its special committee opened a probe into allegations tied to Vishal Garg’s consent solicitation. Garg has said his group has consents representing more than 46% of voting power and that Better has made “misleading statements” about the current level of support. The battle between Better Home & Finance Holding Co. and
Better Home & Finance and Vishal Garg Escalate Dispute Over Consent Solicitation Read More »
Article Summary At an ACUMA event, executives said credit unions have significant room to expand reverse mortgages as membership bases age. They cited only 81 of nearly 36,000 reverse mortgages coming from credit unions in the past 12 months, emphasizing staff training and partnerships as a way to improve the numbers. Credit unions have significant
Credit Unions See Room to Grow Reverse Mortgage Offerings as Membership Ages Read More »
