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Well said! SKYF
Jnug! 50 Tomahawk in Syria!
JNUG! Gold 1300 around the corner!!
ICNM! Only 1,675.000 shares left for 0.0004
App filed for bankruptcy
I don't see it, can you pm.
Pm me your email, I'd like to share some good news!!
GLTY!! Marked!
Go $SAMP!!
$SAMP will make all of us rich!! Pho will be popular like hamburger. My brother own a Pho restaurant calls Pho Amor in Norco California and he doing very good! Let's make a lot of money $SAMP!
Hey PetePham let's go have some real good Pho $SAMP
Down Payments Get Smaller
Source: Dow Jones News
By AnnaMaria Andriotis
It is getting easier for some buyers to land a house with less money up front.
More lenders are lowering down-payment requirements, allowing borrowers to commit 3%--or even less--of a home's purchase price to get a mortgage. Most had been requiring down payments of 20% or more since the recession began, with a few exceptions.
Some lenders also are waiving mortgage-related fees, and more are allowing down payments to be made by other parties, such as the borrower's family.
The deals are aimed at buyers with good credit scores and a steady income who have been unable to save enough for a sizable down payment. They are often targeted at buyers who live in expensive housing markets, where even a small down payment can equal tens of thousands of dollars.
The trend toward lower down payments has picked up since mortgage-finance giants Fannie Mae and Freddie Mac, which buy most mortgages from lenders, recently lowered the minimum down payments they will accept to 3% from 5%. The changes are driven by an Obama administration effort to make homeownership affordable to a wider group of buyers.
Borrowers should be aware that small down payments leave them more at risk of owing more on their mortgage than the property is worth should home values in their market decline, says Jack McCabe, an independent housing analyst in Deerfield Beach, Fla. In addition, borrowers likely will incur higher costs over the life of the loan, including higher interest rates and, often, mortgage insurance.
The moves come as mortgage originations declined substantially last year. Lenders gave out an estimated $1.12 trillion in mortgages in 2014, down 39% from a year earlier and the lowest amount since 1997, according to the Mortgage Bankers Association, a Washington-based trade group.
Most mortgages have been going to existing homeowners who are refinancing into lower interest rates, as demand among home buyers has been low compared with historical norms.
Regions Bank, a unit of Regions Financial, launched a mortgage program in September that allows some borrowers to make a 5% down payment. The bank says it will lower that requirement in the next few weeks to 3%. To qualify, borrowers must meet certain criteria, including not having owned a property or had a mortgage in the past three years.
TD Bank, the U.S. unit of Toronto-Dominion Bank, is allowing first-time buyers to put as little as 3% down through its "Right Step" loan program. The bank--which also is extending the offer to low- and moderate-income borrowers as well as those purchasing a home in some up-and-coming neighborhoods--lowered its cash-down requirement from 5% last year.
The banks allow borrowers' down payments to be partially or fully funded by family, nonprofits or other sources.
Lenders also have been lowering the bar for large mortgages, known as "jumbos," which they typically hold on their books. Such loans exceed $417,000 in most parts of the country and $625,500 in pricier housing markets such as New York and San Francisco.
In November, PNC Financial Services Group began allowing exceptions to its down-payment requirements for jumbo mortgages, says Tyler Case, a loan officer at PNC's Fords, N.J., branch. The lender, which has been requiring at least 20% down for jumbos up to $1.5 million, lowered that to 15% for borrowers whose income and assets go beyond what the bank generally requires. To qualify, borrowers will need a higher credit score and less debt relative to their income than is usually required, as well as having savings after the home purchase equal to at least 12 months of mortgage payments.
PNC also is offering exceptions on down-payment amounts for larger loans up to $3 million.
Wells Fargo, meanwhile, began permitting down payments of as little as 10.1% last year on jumbo mortgages. Previously, its lowest down payment on jumbos was 15%.
Borrowers who want to get a mortgage with a particular lender should ask if it would allow a lower down payment than what is officially offered. PNC, for example, isn't advertising its 15% option, Mr. Case says. Instead, it is offering it to eligible borrowers who inquire or mention that they have been offered lower down-payment loans at competitors, he says.
The costs associated with these low-down-payment mortgages can vary significantly. The interest rate and fees borrowers pay often depends on whether the lender plans to sell their mortgage to Fannie or Freddie, or if it plans to hold the loan on its books, in addition to borrowers' qualifications.
Borrowers need to compare costs, including the interest rate, whether they have to pay any upfront fees to get that rate, and what their total costs to get the loan will be. A lower interest rate might not be a good deal if it requires larger out-of-pocket payments.
Often, borrowers have to pay an extra fee for private mortgage insurance, which protects the lender from incurring significant losses if the borrower defaults, in exchange for a low down payment. In most cases, the fee is included in the monthly mortgage payment, though borrowers sometimes have the option to pay it as an upfront charge.
Mortgages purchased by Fannie Mae and Freddie Mac usually require private mortgage insurance if the down payment is less than 20%. Lenders generally decide which mortgage-insurance firm to work with.
Borrowers with higher credit scores, smaller loan amounts and fixed-rate mortgages pay less.
The size of the down payment also matters. Typically, someone with a FICO credit score of 760 or more--on a scale that tops out at 850--who is making a down payment of just under 5% and getting a $400,000, 30-year fixed-rate mortgage will incur at least a 0.57% fee, according to Radian Guaranty, a unit of Radian Group, and Mortgage Guaranty Insurance, a unit of MGIC Investment, two of the largest private mortgage insurers.
That comes out to $190 a month. The same borrower with a down payment of just under 10% would incur a fee of at least 0.43%, or $143 a month.
Before signing up, borrowers should find out if they will incur these costs, and for how long. They should consider asking their lender if they can stop paying this fee when they reach at least a 20% equity stake in the home through a mix of home-price appreciation and amortization, for example, says Keith Gumbinger, vice president at mortgage-information website HSH.com.
Lenders who hold low-down-payment mortgages on their books typically don't require this insurance. But the loans may not be a bargain, he says, because they often charge interest rates that can be an eighth to a quarter of a percentage point higher.
Write to AnnaMaria Andriotis at AnnaMaria.Andriotis@wsj.com
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Sustainability Stocks Get a Boost: Trillion Dollar Industry Gains Attention From New Investors
Accesswire
17 hours ago
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Coral Gables, FL / ACCESSWIRE / November 25, 2014 / You would think that the closer to Thanksgiving we get, the more we'd start hearing about retail stocks but right now what's echoing in the wings of Wall St. has a lot more to do with the environment. With oil prices hovering around all time lows, many stocks dealing with environmental sustainability including alternative power like solar, are getting a boost and for good reason. Plunkett Research estimates the green tech sector to represent about 5% of global GDP for 2014, or approximately $3.5 trillion. Analysts at Roland Berger forecast growth to $5.89 trillion by 2025. So you could say that this puts investors at the forefront of something positioned for growth in the coming years. But looking at the here and now, several stocks have begun to perform well in the market this week.
B Green Innovations, Inc. (BGNN) has recently started to see a more active market. This small cap stock saw nearly 30 times the normal 3-month average number of shares traded on Monday. B Green announced that it is implementing a new acquisition and development strategy and though no specific transaction is pending, management seems confident that the Company will maximize shareholder value following the successful evaluation of new prospects.
Having such a low outstanding share count has benefited the stock so far. During Monday's session B Green rallied 25% to highs of $0.49 following a previous close of $0.39. Attention continues to mount surrounding the company's current operations in environmentally friendly products and its focus on the reduction of global waste (i.e used rubber tires). Some are even anticipating further developments to follow the Company's most recent press release.
(for more information on BGNN and related companies please visit http://dailystockreporter.com/market-scan/?symbol=bgnn)
NuState Energy Holdings, Inc. (NSEH) has also seen a massive increase in market activity. Following the announcement on Monday that NuState had signed a definitive agreement with The Ronn Motor Group to license and market NuState's IP software, GPSTrax, shares of NSEH started to fly. After opening at $0.0003 the stock jumped more than 133% to highs of $0.0007 before closing the day at $0.0006.
Though not directly effecting the environment, NuState's GPSTrax is an important tool for validating, testing and logging results for new alternative fuel or power technologies including those for automotive, trucking and even stationary platforms. NuState CEO Kevin Yates expressed is approval of the latest venture in saying, "We're excited to be partnering with The Ronn Motor Group, which is pushing into global markets where alternative fuel opportunities are important to the country. Revenue for GPSTrax will begin with the first installations in several countries in the first quarter of 2015. We are now expecting these revenues for the company to grow from an initial $300,000.00 - $500,000.00 in the first 2 quarters of 2015 to $3,000,000.00 - $4,000,000.00 by the end of 2015. Over the next 2-3 years we project revenue to grow a 30-40% annually providing revenues of $10,000,000.00 - $12,000,000.00 by year 3."
(for more information on NSEH and related companies please visit http://dailystockreporter.com/market-scan/?symbol=nseh)
What sustainable analysis would be complete without some coverage on the solar industry? America is building so much solar power that 10% of the country's energy needs could be generated by the sun in 15 years according to a recent article in USA Today. Consulting firm Frost & Sullivan reported that revenues in global solar power market are expected to more than double by 2020 to $137 billion. So it should be no surprise that amidst the concern with oil prices, solar stocks have grabbed the attention of investors.
Solar3D, Inc. (SLTD) has been on a bull trend since last summer. The stock price has rallied from a low of $0.1348 in August to highs of $0.3149 earlier this month. In Monday's session the stock jumped roughly 6% from the opening bell before pulling back to close out the day just above 20 cents. Though this session closed red, the stock has maintained its uptrend and is still more than 50% above previous August lows.
(for more information on SLTD and related companies please visit http://dailystockreporter.com/market-scan/?symbol=sltd)
NHLI NEWS OUT!!!
Thank you! Member marked you #95 $VIICQ!
Back above $2 FNMA!
Well said! $FNMA
PowerBattles! All my respect for you and Blanka! I know you worked very hard not just for yourself but for all of us. Once again thank you for all your contribution!! VIICQ!!
Yorba Linda!
I am from Southern California!
Absolutely agreed 100% Blanka! $VIIC
I totally agreed with you, this stock is for long term investment. I bought when it was $0.006 not selling a single share since.
Yes Power, Team VIIC long will win in the end!!
Can you advice gia khoang bao nhieu de minh get in? Thanks
Hi! I am glad you are nguoi Viet vi minh thay viet tieng Viet.
Member mark you #112!!!
Shut up and get back to the cage "Girl"
Added 2000 shares FNMA today. All the way to Wynn!!!
Member mark #354
info@frtdgroup.com
No he did not. He emailed me this morning and in his email it said:
The merger is still proceeding we are just completing documents.as soon as its finishing, the public will be the first to know.
Here is the email I've just received from Tom.
The merger is still proceeding we are just completing documents.as soon as its finishing, the public will be the first to know.
Sorry my bad. Thank you!
We will Winn! Fosure! FMCC FNMA!!!
Bought 2500 more FNMA yesterday. I am long with you all the way to Winn!!
Thank you! You too! FRTD
#69 for you!!! FRTD
Thank you! GLTY!
Email from Tom today:
Nick,
We are working through the final agreements today and hope to have an announcement out to the public late today or early tomorrow. The timing is dependent upon each related party signing off on the final share exchange agreements. While I can't go into specifics, I can say that the transaction is moving forward and is scheduled to close prior to the suspension being lifted.
Tom
You're welcome! GLTA!!