Author: Lending Agent
Allocating to fixed-income sectors that are trading at cheaper relative valuations will be key for investors this year, according to Janus Henderson. That means looking beyond investment-grade credit, Treasurys and the Bloomberg U.S. Aggregate Bond Index, said John Lloyd, lead of the firm’s multi-sector credit strategies and portfolio manager. “Yields are still compelling overall, but spreads are very tight across a lot of sectors,” he said. Spreads measure the difference in yield between Treasurys and other fixed income assets of the same maturity. Securitized credit and bank loans were among the outperformers in fixed income last year, according to Janus…
Key takeaways A property lien can be either general or specific and voluntary or involuntary. A mortgage lien is a specific, voluntary lien. The priority of the liens on a property determines which debt will be repaid first in the event of default and foreclosure. The best way to avoid involuntary liens on your property is to make timely payments on the debts you owe. What is a mortgage lien? A mortgage lien is a legal claim to your property, which serves as collateral — or real security — for your mortgage. This means that if you default or stop…
Andrew Aitchison / Contributor/ Getty Images Key takeaways The Fannie Mae HomePath program offers an opportunity for homebuyers to purchase foreclosed, forfeited or short sale properties, potentially at a lower price. The HomePath program helps promote homeownership by offering inventory to homebuyers first, ahead of investors. While HomePath properties are often more affordable, they are also sold “as is” and might require significant repairs. If you’ve been searching for an affordable home, you might have come across Fannie Mae’s HomePath program. Here’s what to know about this homebuying initiative. What is the Fannie Mae HomePath program? HomePath is a program…
Artificial intelligence darling Nvidia has become less expensive recently and investors are taking note. “Nvidia’s forward PE is now 41% lower than it was on the day ChatGPT was launched on Nov. 30th, 2022,” Ben Reitzes, head of technology research at Melius Research, wrote in a Monday note to clients. “Of course, in FY25 its net income was up 788% vs. FY23 (ended 1/23) and revenues are up 384% since then too. Just doesn’t feel right, does it?” Over the past three years, Nvidia shares have surged about 370%, bolstered by a boom in AI infrastructure spending. The stock’s forward…
10’000 Hours/Getty Images Key takeaways The mortgagee clause is a provision in a homeowners insurance policy that protects the lender from financial loss if the mortgaged property is substantially damaged or destroyed. Many mortgage lenders require borrowers to have a homeowners insurance policy with a mortgagee clause. If your home is damaged or destroyed, you and your lender will both receive a payment from your insurer based on your ownership interest in the home. If you’re like most homeowners, you’ll need a mortgage to buy a home. Since your home serves as collateral on the loan, your lender will want…
Rocket Companies is acquiring Redfin, a top digital real estate brokerage, in an all-stock transaction worth an estimated $1.75 billion. Rocket is valuing Redfin’s stock at $12.50 per share. The deal is expected to close in the second or third quarter of 2025. The acquisition combines one of the pioneering online real estate brokerages with Rocket’s expansive mortgage and real estate fintech platforms. Redfin CEO Glen Kelman will continue to lead Redfin and will report to Rocket Companies CEO Varun Krishna. “Rocket and Redfin have a unified vision of a better way to buy and sell homes,” Krishna said in…
Rocket Companies is acquiring Redfin, a top digital real estate brokerage, in an all-stock transaction worth an estimated $1.75 billion. Rocket is valuing Redfin’s stock at $12.50 per share. The deal is expected to close in the second or third quarter of 2025. The acquisition combines one of the pioneering online real estate brokerages with Rocket’s expansive mortgage and real estate fintech platforms. Redfin CEO Glen Kelman will continue to lead Redfin and will report to Rocket Companies CEO Varun Krishna. “Rocket and Redfin have a unified vision of a better way to buy and sell homes,” Krishna said in…
andresr/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Mortgage prequalification is a quick estimate of how much money a lender might lend you for a home purchase. Prequalification doesn’t require paperwork or a hard credit check, so it won’t negatively impact your credit score. Unlike preapproval, prequalification holds little weight when making an offer on a home. What is mortgage prequalification? Mortgage prequalification is a mortgage lender’s estimate of how much house you can afford based mostly on your self-reported financial information. It’s a preliminary indication that you’ll be approved for a loan and how much you might expect to receive.…
The S & P 500 is coming off its worst week of the year, and chart analyst Katie Stockton sees even more pain ahead. Fairlead Strategies’ founder told CNBC’s ” Squawk Box ” she sees the S & P 500 falling to around 5,300 before regaining its footing. That’s 8.1% below Friday’s close of 5,770.20. “We have very weak momentum, and it’s evident behind the market. And if you take a step back and look at the major indexes, they look like a double-top formation in the shape of an M, and that’s not a good sign,” Stockton said. The…
Here are the biggest calls on Wall Street on Monday: UBS reiterates Tesla as sell UBS lowered its price target on Tesla to $225 per share from $259. “We are lowering our 1Q25 delivery forecast to 367k from the 437k we plugged in as a placeholder post 4Q24 results.” Jefferies upgrades Airbnb to buy from hold Jefferies said it sees “durable growth” for the online vacation rental company. “We believe lodging share gains will be augmented by increased adoption of experiences, an opportunity ABNB is uniquely well positioned to capture.” Morgan Stanley reiterates Nvidia as overweight The firm said it…