Posts Tagged ‘investor’

Mortgage Lending Getting Riskier

Posted on October 09, 2017 by Laura Lam

During the second quarter this year, the risk in mortgage lending inched up as the market shifted toward an increased share of investor loans, according to the Q2 2017 Housing Credit Index released by Core Logic.  The index increased to 117 during the second quarter, up a full 20 points from the second quarter last year. However, even after this increase, the credit risk in the second quarter is still within the levels seen from 2001 to 2003, a timeframe that is considered to be a normal baseline for credit risk. The chart shows that while mortgage risk remains at…

Flipping Out: House Flips Reach Highest Level Since 2006

Posted on February 28, 2017 by Laura Lam

A tactic that helped define the height of homebuying madness in the U.S. in the years before the market collapsed is rearing its head again.  Home flippers, who buy homes as a speculative bet on short-term price appreciation, accounted for 6.1% of U.S. home sales in 2016, according to Trulia, which defines a flip as a property sold twice in a 12-month period in arm’s-length transactions. That’s the highest share since 2006, when flips accounted for 7.3% of sales. Flipping has made a strong comeback in cities that were battered by the foreclosure crisis. That includes Las Vegas, where 10.5%…

Hey 20-Somethings … Who Wants to Be a Millionaire?

Posted on February 03, 2014 by Saldutti

If you think a 401(k) is the name of a new indie band, then we need to have a serious discussion about retirement. Americans today are much more stressed about financial issues than previous generations. And guess what? As you get older, the stress compounds if you didn’t take steps to set up a foundation for your retirement when you were younger. This process does not have to be intimidating. U.S. News & World Report offers these 4 steps you can take right now to get yourself on the right path to retirement: A little money now can be a…

2014 New Year's Resolutions: A Better You AND a Fatter Wallet

Posted on January 01, 2014 by Saldutti

The ball has dropped in New York’s Times Square and 2013 is no more. New Year’s day marks that time of year when millions of Americans will make New Year’s resolutions that often revolve around their own health or well-being.  A recent Harris Poll that examined the 10 most common New Year’s resolutions and the Motley Fool found a few ways that these resolutions could help lead you to a happy retirement.  Here are the 10 most common New Year’s resolutions, according to Harris, and some intriguing ways to prosper from them: 1.  Lose weight – Year in and year out…