Finance

Wells Fargo is staffing up its restaurant finance team ahead of an expected M&A surge

2 days ago   |   By Business Insider

Summary List Placement Wells Fargo's depleted restaurant financing team has a new leader.
Meghan Hinds, a managing director, and 15-year veteran of the bank will take the reins, two months after eight bankers were lured away by MUFG , a spokesperson for the bank confirmed.
She started at Wells in 2006 and covered debt capital markets for Wells Fargo Securities, before joining the restaurant financing group in 2009. Hinds is currently on maternity leave, but will start the new role in September.
She will lead funding for restaurants, convenience stores, and hospitality-related real estate...
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Black Knight: National Mortgage Delinquency Rate Decreased in June

Black Knight: National Mortgage Delinquency Rate Decreased in June

2 days ago   |   By Calculated Risk

Note: At the beginning of the pandemic, the delinquency rate increased sharply. Loans in forbearance are counted as delinquent in this survey, but those loans are not reported as delinquent to the credit bureaus.
From Black Knight: Black Knight: 1.55 Million Serious Delinquencies Remain; At Current Rate of Reduction, 1 Million Still Likely As September's Wave of Forbearance Expirations Begins
• The national delinquency rate hit its lowest level since the onset of the pandemic and is now back below its pre-Great Recession average
• Despite the improvement, there are more than 1.5 million...
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Investors' Risk Appetite Is At An All-Time High. That Could Be A Problem

2 days ago   |   By Forbes

Due mainly to stimulus measures, the U.S. deficit is expected to hit $3 trillion this year; meanwhile, total assets held by the Federal Reserve are on their way to $9 trillion.
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Adjunct professors should be eligible for relief from the 'crushing burden' of student debt, Democrats say in new bill

Adjunct professors should be eligible for relief from the 'crushing burden' of student debt, Democrats say in new bill

2 days ago   |   By Business Insider

Summary List Placement The Public Service Loan Forgiveness program forgives the student debt of public servants after 120 qualifying payments. But while full-time teachers qualify for this relief, adjunct professors don't.
Four Democrats want to change that.
On Thursday, Illinois Sens. Dick Durbin and Tammy Duckworth, along with Hawaii Sen. Mazie Hirono and New Jersey Sen. Cory Booker, introduced the Adjunct Faculty Loan Fairness Act, which would make adjunct professors eligible to participate in PSLF.
Under current law, a public service job is characterized as full-time work, or a minimum...
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US average mortgage rates dip for 4th week; 30-year at 2.78%

2 days ago   |   By Chron

WASHINGTON - Mortgage rates fell for the fourth straight week, undercut by worries that the surging delta coronavirus variant and the worsening pandemic in hotspots around the world could derail what has been a strong economic recovery.
Mortgage buyer Freddie Mac reported Thursday that the average for the 30-year home loan dipped to 2.78% from 2.88% last week, down from its peak this year of 3.18% in April. The key rate stood at 3.01% a year ago.
The rate for a 15-year loan, a popular option among homeowners refinancing their mortgages, declined to 2.12% from 2.22% last week.
The concern...
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Flagstar Bank mortgage review: Choose from a variety of home loans that are available in all 50 US states

Flagstar Bank mortgage review: Choose from a variety of home loans that are available in all 50 US states

2 days ago   |   By Business Insider

Table of Contents: Masthead StickySummary List Placement
Editor's rating 4.25 / 5
Minimum credit score 620
Minimum down payment 3%
Types of mortgages
Conforming, jumbo, FHA, VA, USDA, HFA , construction, renovation, refinance, home equity loan and HELOC
See rates from Flagstar Bank
*Minimum credit score and down payment are for conforming mortgages
The bottom line: Flagstar Bank is a good mortgage lender for many types of people, because it offers more types of home loans than many lenders.
Overall lender rating
Feature
Insider rating
Loan types 5
Affordability 4
Customer satisfaction...
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Mortgage rates hit new all-time low for 15-year loans

2 days ago   |   By Inman

Interest rates for a 15-year mortgage hit new all-time lows amid high sale prices and low inventory. Rates for 30-year loans dipped as well.
Read more ...

 


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July 24th COVID-19, New Cases, Hospitalizations, Vaccinations

July 24th COVID-19, New Cases, Hospitalizations, Vaccinations

The 7-day average cases is the highest since May 3rd. The 7-day average hospitalizations is the highest since May 22nd. This data is from the CDC . According to the CDC, on... Read more ...

How NASA is using knowledge graphs to find talent

How NASA is using knowledge graphs to find talent

David Meza, senior data scientist at NASA, and his team are building a talent mapping database to better identify talent for jobs. Read more ...

Some State Officials Say Landmark Opioid Settlement Doesn't Do Enough To Help

A $26-billion settlement has been reached for companies involved in the prescription opioid epidemic. But what happens next? Read more ...

Covid Hospitalizations Tick Up Across U.S. Due To Delta Variant - These 17...

Nearly 30% of Missouri's hospital ICU beds are taken up by Covid-19 patients, compared to just over 1% in Vermont. Read more ...

French protesters reject virus passes, vaccine mandate

French protesters reject virus passes, vaccine mandate

PARIS - Some 160,000 people, including far-right activists and members of France's yellow vest movement, protested Saturday across the country against a bill requiring everyone... Read more ...

The Latest: Education Dept OKs Georgia plan for relief funds

The Latest: Education Dept OKs Georgia plan for relief funds

ATLANTA - The U.S. Department of Education approved Georgia's plans to use $1.4 billion in federal coronavirus relief money. Read more ...

Residents say flood-hit German towns got little warning

AHRWEILER, Germany - Like other residents of his town in Germany, Wolfgang Huste knew a flood was coming. What nobody told him, he says, was how bad it would be. The... Read more ...

Biden job approval rating drops to 50% in Gallup poll, his lowest to date...

Biden job approval rating drops to 50% in Gallup poll, his lowest to date, though he remains in positive territory

Summary List Placement President Joe Biden's job approval rating has dropped to 50%, a new low, down from 56%, according to the most recent Gallup opinion poll . The drop of 6... Read more ...

Biden's Stock Markets Have Not Crashed As Trump Predicted

Biden's stock markets have not crashed as Trump predicted. In fact, they have outperformed Trump's since their respective election victories and inaugurations. Read more ...

Nine Beautiful Coffee Table Books To Decorate With And Read

Go ahead and judge these books by their covers! Read more ...