MIAMI BEACH, FL (Photo by Cliff Hawkins / Getty Images) Getty Images Mortgage rates in the United States are rising rapidly, yet a Miami startup is racing to securitize home loans with cryptocurrency. No down payment is required. Milo, a Florida-based digital bank, is now using digital coins to secure hard assets. The larger plan … Read more
d3sign | Moment | Getty Images As the yield on the 10-year US Treasury pushes ever closer to 3% – a symbolic level not seen since late 2018 – financial analysts have described how it could affect people’s finances in a number of ways. Last week, the 10-year rate hit 2.94%, its highest point in … Read more
Marking Wells Fargo on May 5, 2021 in New York. Bill Tombkins Michael Ochs Archives Getty Images Wells Fargo posted lower-than-expected first-quarter earnings on Thursday amid falling mortgage lending, but exceeded earnings expectations as the bank cut its credit balance. The company’s shares fell about 5% at 1:20 p.m. ET. Here are the numbers: Profits: … Read more
The suitability of the loan will no longer include what applicants, including veterans, owe for previous medical services. With Justin Sink and Nancy CookBloomberg Published on April 11, 2022April 11, 2022 Vice President Kamala Harris will announce new steps designed to reduce the cost of federal mortgage loans to Americans in medical debt and make … Read more