Friday , 19 December 2014
Breaking News

You are here: Home » Author Archives: Christine Layton

Author Archives: Christine Layton

Feed Subscription
Christine Layton is an editor and freelance writer in Nevada with a passion for American finance. She covers mortgage and business news for US Finance Post.

Wells Fargo and Discover Launch Private Student Loan Modifications

Wells Fargo and Discover Launch Private Student Loan Modifications

The two largest private lenders have announced they will relax repayment terms for struggling student loan borrowers. This week, Wells Fargo announced it will lower interest rates for eligible borrowers beginning in November while extending repayment periods starting in February. The bank, which as $11.9 billion in student loans, says the move will likely save borrowers thousands of dollars in ... Read More »

Existing Home Sales Hit One-Year High

Existing Home Sales Hit One-Year High

Sales of existing homes in the U.S. reached their highest level in a year last month in the latest sign that the housing market is finally shaking off the shock of last year’s climb in mortgage rates. Sales of existing homes rose 1.5% in October to a seasonally adjusted annual rate of 5.26 million, according to the National Association of ... Read More »

Mortgage Rates Today: Wells Fargo, Bank of America and Sun Trust Bank (November 20)

Mortgage Rates Today: Wells Fargo, Bank of America and Sun Trust Bank (November 20)

  Mortgage rates have moved lower for many popular loan products this week, particularly fixed-rate mortgages. Thursday Bank of America Mortgage Rates Bank of America advertises the benchmark 30-year fixed mortgage today at 4.000% with a 4.112% APR. The 20-year fixed loan is published at a lower 3.875% on Thursday with a 3.997% APR. Buyers can lock into a shorter-term ... Read More »

Jobless Claims Fall as Continuing Claims Reach 14-Year Low

Jobless Claims Fall as Continuing Claims Reach 14-Year Low

The number of people applying for unemployment benefits last week fell slightly, the latest sign that job gains appear to be holding. Weekly applications for jobless benefits dropped 2,000 to a seasonally adjusted 291,000, according to the Labor Department. The four-week average, the less volatile measure, increased 1,750 to 287,500. Claims have remained below 300,000 for ten weeks in a ... Read More »

Arizona Sues General Motors for $3 Billion Over Recalls

Arizona Sues General Motors for $3 Billion Over Recalls

The state of Arizona has filed a lawsuit against General Motors Co, claiming the car manufacturer put the public at risk by hiding safety defects to avoid the cost of a major recall. Arizona seeks an estimated $3 billion from General Motors. Arizona Attorney General Tom Horne said civil penalties may go as high as $10,000 per violation, with hundreds ... Read More »

Today’s Mortgage Rates at Bank of America, Sun Trust and Wells Fargo (November 19)

Today's Mortgage Rates at Bank of America, Sun Trust and Wells Fargo (November 19)

  Mortgage rates are largely flat on Wednesday, November 19, although rates have moved down slightly this week for some fixed-rate loans. Today’s Bank of America Rates Bank of America advertises both the 30-year and 20-year fixed rate mortgages at 4.000% today, although the shorter-term loan carries a slightly lower APR. The popular 15-year fixed purchase loan is published at ... Read More »

Dollar At Seven-Year High Versus Yen

Dollar At Seven-Year High Versus Yen

The dollar strengthened to a seven-year high against the yen while Treasuries dropped as investors speculated Federal Reserve minutes will indicate policy makers are optimistic about the economy. Meanwhile, U.S. stocks dropped from all-time highs. “The yen has not been so weak against the dollar in real terms — that is, if you factor in inflation — since the 1980s,” ... Read More »

FHA Loan Insurance Fund is in the Black Again

FHA Loan Insurance Fund is in the Black Again

The federal government’s mortgage insurance premium posted the first positive balance in two years following several increases to premiums charged to homeowners and cutting losses on mortgages. The Federal Housing Administration projects a $4.8 billion value for the 2014 fiscal year, an independent analysis said this week. The FHA’s balance sheet moved back into the black after the Mutual Mortgage ... Read More »

Scroll To Top