① According to research by the Dallas Federal Reserve, the surge in international oil prices in the spring of this year reduced US economic output by about 0.3 percentage points, but compared with the 1980s, the shock losses were smaller. ② Although rising oil prices weaken consumer purchasing power, as a net oil exporter, the
Dallas Fed: Oil Price Surge Cut US GDP by 0.3 Percentage Points Read More »
① According to a report from S&P Global, the scale of layoffs among US manufacturing enterprises has approached the highest level since the end of the 2009 global financial crisis, primarily driven by heightened concerns over global demand and rising costs. ② Notably, economic growth momentum remains weak: US annualized economic growth in the first
S&P Global Report: US Manufacturing Layoffs Near Post-2009 Financial Crisis High Read More »
① AI startup Anthropic has shut down access to its cutting-edge models Fable 5 and Mythos 5 in response to a US government export control order, sparking ongoing controversy. ② Anthropic customer Legion has sued the US government, claiming the ban has caused irreparable harm to its business. ③ Some experts are calling for the
① Oman and Iran have agreed to establish a joint working group to reach an agreement on the future navigation management of the Strait of Hormuz, ensuring navigational safety in the strait. ② The two sides will consult with other coastal states and stakeholders in the Persian Gulf on strait-related issues, emphasizing that all arrangements
① Following Goldman Sachs and Deutsche Bank, another international investment bank has lowered its gold price target. ② BMO Capital Markets expects gold to average about $4,625 per ounce in the second half of this year, a 5% downward revision from its previous forecast. ③ BMO noted that as the market begins to actively price
BMO Capital Markets Cuts Gold Price Target After Goldman Sachs and Deutsche Bank Read More »
Uplist integrated Arcasa financing into its listing QR codes and personalized shopping links, adding a zero-down FHA option. The scenario, which is available in 46 states, combines down payment assistance and solar financing and includes estimated utility savings. Uplist, a homebuyer intelligence platform that provides mortgage payment options on property listings, announced on Thursday that
Uplist Adds Arcasa Zero-Down FHA Financing to Listing QR Codes Read More »
Article Summary: The MBA Purchase Applications Payment Index fell to 154.3 in August as the median mortgage payment declined to $2,162. Year over year, earnings growth of 4.1% outpaced a 2.9% rise in payments, lowering the index by 1.1%. Homebuyer affordability improved modestly in August as the median monthly mortgage payment for purchase applicants fell
Article Summary BNPL usage is widespread and some providers now report repayment data to credit bureaus. New FICO models may boost scores for many users, though impacts on qualifying debt-to-income ratios are unclear. Millions of U.S. consumers are using Buy Now/Pay Later (BNPL) options for online and in-store purchases of technology, clothing and accessories, pet
BNPL and Mortgage Qualification: How Buy Now Pay Later Affects Credit and Homebuying Read More »
Article Summary Better said its special committee opened a probe into allegations tied to Vishal Garg’s consent solicitation. Garg has said his group has consents representing more than 46% of voting power and that Better has made “misleading statements” about the current level of support. The battle between Better Home & Finance Holding Co. and
Better Home & Finance and Vishal Garg Escalate Dispute Over Consent Solicitation Read More »
Article Summary At an ACUMA event, executives said credit unions have significant room to expand reverse mortgages as membership bases age. They cited only 81 of nearly 36,000 reverse mortgages coming from credit unions in the past 12 months, emphasizing staff training and partnerships as a way to improve the numbers. Credit unions have significant
Credit Unions See Room to Grow Reverse Mortgage Offerings as Membership Ages Read More »
