Author: Mary Waters | Lending Agent
Traditional bank loans can be slow and restrictive, making it difficult for real estate investors to move quickly on new opportunities. That’s where a private money loan comes in.A private money loan is a type of financing provided by private lenders instead of traditional banks. Unlike bank loans, which often require high credit scores and detailed income verification, private money loans are primarily based on the value of the property and the strength of the investment. But that’s not all — factors like the investor’s experience, project location, and estimated cost per square foot also play a big role in…
Sherwin-Williams looks to be relatively tariff-proof, according to Wells Fargo. The bank upgraded shares of the paint and coatings manufacturer to an overweight rating from equal weight. Analyst Michael Sison’s price target of $420, up from $350, corresponds to a potential upside of 21%. Shares of Sherwin-Williams have added 2.4% this year. SHW 1Y mountain SHW 1Y chart Sison pointed out that Sherwin-Williams should be strong enough to hedge against any potential tariff headwinds. “SHW noted in its release that given the majority of its revenue comes from the US (80% from the US, 2% from China), tariff impacts are…
A home is seen for sale on April 24, 2025 in Austin, Texas. Brandon Bell | Getty ImagesMortgage rates didn’t move much last week, but homebuyers continued to pull back amid concerns over the broader economy.Applications for a mortgage to purchase a home dropped 4% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was just 3% higher than the same week one year ago, even though interest rates last year were considerably higher.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, decreased to 6.89%…
Wells Fargo is moving to the sidelines when it comes to Nike . The bank downgraded shares of the athletic apparel manufacturer to equal weight from overweight. Analyst Ike Boruchow accompanied the move by reducing his price target to $55 from $75. Shares of Nike have tumbled 24% in 2025. Boruchow’s updated price target implies the stock could shed 4% from its Tuesday closing price. Shares were off nearly 1% in premarket trading Wednesday. NKE 1Y mountain NKE 1Y chart As a catalyst for the change, the analyst pointed to new tariff headwinds and a potential looming “mild” recession. These…
First Solar missed expectations on profit and offered investors weak guidance on Tuesday, but most analysts nonetheless remain bullish on the solar panel manufacturer. Shares of First Solar plummeted 13% in Wednesday’s premarket trading hours after the company reported first-quarter earnings of $1.95, missing the $2.49 analysts polled by FactSet had forecast. While the company’s first-quarter revenue beat expectations, First Solar’s second-quarter earnings guidance also missed the mark. First Solar sees its earnings for the current quarter coming in between $2 to $3 per share, lower than FactSet’s estimate of $3.99. As an additional blow, the company lowered its full-year…
As Starbucks on Tuesday posted fiscal second-quarter earnings that missed the bar , most analysts cut price targets but maintained a generally bullish stance on the coffeemaker. CEO Brian Niccol tried to raise investors’ hopes by pointing out that the Starbucks turnaround strategy — which includes investing more in labor and scaling back automation plans — is already showing success. In its last quarter, the company earned an adjusted 41 cents per share on $8.76 billion in revenue. That was lower than the 49 cents per share and revenue of $8.82 billion that analysts polled by LSEG had penciled in.…
Key takeaways Foreclosure occurs when a homeowner stops paying their mortgage for an extended period — typically 120 days following the first missed payment. If you’re facing financial hardship, contact your lender right away to explore options that could help you bring your loan current and prevent foreclosure. You could be eligible for a mortgage repayment plan or loan modification to help avoid foreclosure. A lost job or an unexpected major medical bill can leave you facing a homeowner’s worst nightmare: foreclosure. State rules differ on how long you’ll have before a foreclosure sale takes place, however. If you…
Answering a call to action by Democratic senators Elizabeth Warren and Andy Kim, a government watchdog agency will investigate recent actions by the Consumer Financial Protection Bureau (CFPB), including the bureau’s attempts to lay off nearly 90% of its workforce. The nonpartisan Government Accountability Office confirmed the request to investigate the CFPB in a letter to Warren and Kim, who had asked the watchdog group to “examine the impact of recent stop work orders, firings and reductions in force, contract cancellations, decisions to drop major lawsuits and other related actions on the CFPB’s efforts to enforce consumer protection laws.” In…
Mortgage rates didn’t move last week, but demand for new home loans continued to weaken. Both homebuyers and current homeowners are hampered by today’s higher interest rates.Total mortgage application volume decreased 2% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) remained unchanged at 7.02%, with points increasing to 0.63 from 0.62 (including the origination fee) for loans with a 20% down payment. Applications to refinance a home loan dropped 7% for the week and were 5% higher than the same week…
U.S. home prices registered a 3.9% annual gain in February, down slightly from January’s 4.1% year-over-year increase, according to S&P CoreLogic Case-Shiller U.S. National Home Price Index data released Tuesday. The S&P Dow Jones Indices report noted that much of the annual appreciation in the Case-Shiller index was “frontloaded into the first half of the period, while the second half reflected a flatter performance, highlighting the broader cooling trend.” “Even with mortgage rates remaining in the mid-6% range and affordability challenges lingering, home prices have shown notable resilience,” said Nicholas Godec, head of fixed income tradables and commodities at S&P…