Business Insider

Two local credit unions are offering CDs with at least 9% interest before the Fed cuts interest rates. Find out how to qualify for the CD specials.

Some credit unions are offering CDs of 9% APY or more before an anticipated Fed rate cut

Sky-high home prices and elevated mortgage rates are putting increasing strain on homeowners. That’s the takeaway from two reports released this week showing that foreclosure activity and mortgage delinquencies are rising. According to the Mortgage Bankers Association (MBA), the second-quarter 2024 delinquency rate for mortgages on one- to four-unit...

Mortgage delinquency, foreclosure activity point to rising homeowner distress

The 8th Circuit ruled that Biden cannot carry out cheaper student-loan payments and debt relief through the SAVE plan, replacing its prior pause.

8 million student-loan borrowers on Biden's new repayment plan just got more bad news after a federal court officially blocked cheaper payments and debt cancellation

With interest rates sitting at more than two-decade highs and inflation continuing to bear down on consumers, big banks are preparing to face more risks from their lending practices. Suggested Reading. In the second quarter, JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo all raised their provisions for credit...

Banks are bracing for consumers to stop paying off their credit cards

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald, interviewed Angeanette Dowles. Homeownership is one of the critical aspects of the American Dream. However, that dream seems more like a fantasy than an attainable goal for many of us. Well, Angeanette Dowles of NACA is here to tell you that homeownership is achievable for all at an affordable rate too. For the rate of only a few months’ rent, people with even 420 credit scores you can purchase homes in the hundreds of thousands with little interest rates! It sounds too good to be true. Well, this is one time you’ll be happy to be wrong as it is just as good as it sounds.

Affordable Homeownership Program: No down payment. No closing costs, No f

Fox Business

Vice President Kamala Harris says she wants to provide $25,000 in down payment assistance to first-time homebuyers, but critics say the plan would only make housing issues worse.

Harris proposes $25,000 down payment assistance for first-time homebuyers — is it a good idea?

Markets Insider

There's a rare type of mortgage loan gaining popularity among buyers seeking lower rates.

Homebuyers are flocking to a type of loan that offers a lower mortgage rate. But they often require bigger down payments, and lenders don't like to give them.

If you’re hoping to buy a home with a conventional mortgage, one number you’ll want to get to know well is your credit score. Also called a credit rating or FICO score (named after the company that created it, the Fair Isaac Corporation), this three-digit number is a numerical representation of your credit report, which outlines your history of paying off debts.

What Is a Good Credit Score To Buy a House?

If Fed rates don't decrease by at least 75 basis points soon, untapped home equity potential could serve as the "lifeline" for the U.S. economy, according to Meredith Whitney.

Expert who predicted 2008 mortgage crisis reveals the housing ‘lifeline’ if market doesn’t get moving

24/7 Wall St.

: HELOCs are a good option for homeowners, especially seniors, to access cash without selling their home. Rates are reasonable and can be used to invest in higher-yield assets. Start by checking with your mortgage-holding bank for the best terms. HELOCs can unlock substantial money for investors, and so can these two dividend legends […]
The post The HELOC High Yield Hack Homeowners Should Wake Up To appeared first on 24/7 Wall St..

The HELOC High Yield Hack Homeowners Should Wake Up To

Virginia State

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Kentucky Vibes.net

Disclaimer: This article was written with the help of A.I. software. On July 28, 2024, a TikTok video posted by Erica W., known as @tasteofmelanin on the platform, garnered significant attention after she exposed disturbing racist decorations in an Airbnb rental. The incident occurred in a rental property that Erica had booked, although the exact location remains unspecified. The video has since gone viral, prompting widespread concern and leading to the removal of the listing from Airbnb's platform.

Airbnb Listing Taken Down After Black Woman Finds Hanging Monkeys and Cotton Used As Decor

CBS News

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  Stowing your savings away in an interest-bearing account has been a lucrative move to make over the last couple of years. The interest rates on these accounts have been quite high, after all, with many high-yield savings accounts and certificate of deposit (CD) accounts offering annual percentage yields (APYs) that far surpassed the inflation rate. That, in turn, resulted in big payoffs for the savers who took advantage of earning interest in a high-rate environment.But the window to capitalize...

12 best CDs to open before rates are cut in September

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

When buying a home lender will consider your overall finances including any debt, your credit score, current salary and security before determining how much they are willing to lend. This benchmark is typically set at 4.5 times a borrower’s salary, this ensures that homeowners can manage their repayments without a heavy financial strain.

The Mortgage-to-Salary Ratio

Las Vegas, NV

Zoreen Kabani always assumed she'd go into a traditional professional field. The 37-year-old's family immigrated from Pakistan to California when she was 14 and those were the paths she knew. In Pakistan, the cultural expectation is "you either are in finance or you're an engineer or you're a doctor," she says.

37-year-old went from working in finance to bringing in more than $100K a month selling clothes

The Motley Fool

There's never been a better time to switch banks. Here are three reasons you should consider making a change this month.

3 Reasons to Switch Banks in August

Salem, OH

Northern Kentucky Tribune

Every day, 8-year-old Emma sits in a small garden outside her grandmother’s home in Salem, Ohio, writing letters to her mom and sometimes singing songs her mother used to sing to her.

Thousands of parents die of overdoses; advocates say their kids need more help

Ohio State

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. KEY POINTS. Paying off your mortgage eliminates...

Here's Why I Stopped Making Extra Payments on My Mortgage

The Federal Deposit Insurance Corporation (FDIC) has unveiled a startling figure that shows Americans are holding a colossal $7.7 trillion in uninsured deposits within their bank accounts. The agency’s data, captured at the end of March, shows the amount of unprotected deposits in US banks has been increasing for the...

FDIC Report Reveals Alarming $7.7 Trillion in Uninsured U.S. Bank Deposits

Denver, CO

In addition to collecting more than 8,000 used needles in the past year from Denver drug users, the Harm Reduction Action Center passed out 10,000 meth pipes and “snort kits,” according to a newsletter sent to its supporters Thursday. They also connected about 1,700 people to medical, mental health and substance abuse treatment.

Denver group hands out 10K meth pipes, ‘snort kits,’ connects 1,700 to treatment annually

NewsBreak

Best USDA mortgage lenders of August 2024

USDA loans are guaranteed by the U.S. Department of Agriculture, so they don't require a down payment or private mortgage insurance. That makes them a great...

Best USDA mortgage lenders of August 2024

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