Latest news with #Mortgage
Yahoo
6 days ago
- Business
- Yahoo
Mortgage Applications Rise Even as Key Rate Hits 4-Week High
Mortgage applications in the US increased last week even as the 30-year fixed rate on conforming loa
Daily Mail
6 days ago
- Business
- Daily Mail
Tembo launches best-buy fixed cash Isa - how does it compare to other savings accounts?
Mortgage and savings provider Tembo has launched a one-year fixed-rate cash Isa offering a best-buy rate. The cash Isa pays interest of 4.27 per cent and is offered through the investing platform Investec. The new launch has propelled Tembo to the top of the best buy savings tables, and it now offers the best rate for a one-year fixed-rate cash Isa on the market. The Isa can be opened with a deposit starting from £500 by downloading Tembo's app. Savers should make sure they are happy locking their cash away for one year, and only put in money they definitely won't need to access in that time. A saver keeping £10,000 in this Isa would earn around £435 after the one-year term, according to This is Money's savings calculator. Richard Dana, founder and CEO of Tembo said: 'With rates coming down, many of our customers have been asking us to offer a fixed-rate product.' It is the latest addition to Tembo's Isa range having launched an easy-access cash Isa in January. Its current version of this account pays 4.64 per cent. How does it compare to other Isas? The best one-year fixed-rate Isas currently offer around 4.2 per cent. After Tembo, Kent Reliance offers the next best cash Isa, paying 4.25 per cent, while Vida savings and Vanquis Bank also offer this rate. Savers stashing £10,000 in these accounts would earn around £433 after the year term is up. Tembo's fixed-rate Isa is unusual in that, unlike most fixed-rate Isas, you can make further one-off deposits into the account after you've opened it. Most fixed-rate Isas do not permit additional deposits once the account is open. New funds added to this Isa after the initial deposit will be locked in for 12 months from the date they're added, at the rate available at the time. This rate may be different from the 4.27 per cent rate the initial deposit locked in at when you first opened the account. What's in the fine print? Tembo is a mortgage and savings platform which launched in October 2020. It was set up with the aim of helping first-time buyers to get on the housing ladder more easily by brokering a small interest-only mortgage on their parents' - or another family member or friend's - home. It has now branched out into savings and offers Isas through banks it partners with, for example Investec in the case of the one-year fixed-rate Isa. Money held in the Tembo Isa is fully protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per eligible person, per bank. Funds in the Tembo Isa are held in partner bank accounts including Barclays, Bank of Scotland, Aldermore Bank and Shawbrook Bank. It is worth noting that the £85,000 limit applies to the total amount of money you hold at any one bank, whether it is deposited by Tembo, by other providers, or by you directly with the bank. If you have a Barclays current account, for example, the funds held in this account will take up part of your £85,000 claim limit for Barclays alongside any funds held by Barclays on Tembo's behalf.
Yahoo
22-07-2025
- Business
- Yahoo
Over 30 million US homes don't have a mortgage, report says — why that's a red flag for the housing market
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Housing affordability has become a pressing issue in America — with studies suggesting that buyers now need a six-figure salary to comfortably cover the mortgage on a typical home. Yet millions of Americans already own their homes outright. According to Fortune, citing a recently published Goldman Sachs note, the share of U.S. homeowners without a mortgage rose from 33% in 2010 to 40% in 2023. Assuming there are 86 million homes nationwide, the outlet estimates more than 30 million are now owned free and clear. As more Americans pay off their homes, equity continues to build. ICE Mortgage Technology estimated that heading into the second quarter of 2025 U.S. mortgage borrowers held $11.5 trillion in 'tappable' home equity — or equity available for borrowing while maintaining at least a 20% cushion. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) You don't have to be a millionaire to gain access to this $1B private real estate fund. In fact, you can get started with as little as $10 — here's how While it's possible to access that equity through loans or lines of credit, Goldman Sachs notes that homeowners today are far less eager to tap into it than they were in the early 2000s. 'Rather, borrowers have focused on paying down their mortgages and owning their homes outright,' said Goldman Sachs analyst Arun Manohar, per Fortune. A major driver of this growing equity is the sharp increase in home values. Over the past five years, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index has climbed more than 50%. That may be good news for existing homeowners — but for first-time buyers, the picture is far more challenging, especially with mortgage rates still elevated. According to the National Association of Realtors, the share of first-time home buyers in the U.S. fell to just 24% in 2024 — a record low — down from 32% a year prior. Fortune called the situation both 'a warning sign' and a 'chicken-and-egg' dilemma — noting that many older homeowners who bought their properties decades ago aren't downsizing, largely due to fears of today's higher mortgage rates. With that inventory staying off the market, supply remains tight and prices stay elevated — making it even harder for younger generations to break into homeownership. Getting on the real estate ladder So, just how difficult is it to buy a home in America today? According to a typical household would need to earn $118,530 annually to afford a median-priced home of $402,500 in the U.S. — more than 50% higher than the current median household income of about $77,700. In pricier states like California, the income requirement can soar even higher: a household would need to earn a whopping $210,557 a year to afford a typical home in the Golden State. Still, real estate remains a popular path to building wealth. For one, it's a classic hedge against inflation. As inflation rises, home values tend to increase as well, reflecting higher costs for materials, labor and land. Rental income often follows suit, providing landlords with a stream of income that can adjust with inflation. Second, while real estate moves in cycles, it doesn't require a booming market to deliver returns. Even in a downturn, high-quality, essential properties can continue to generate passive income through rent. In other words, the asset can work for you — regardless of broader market conditions. The best part? You don't need to buy a property outright to invest in real estate. Read more: Rich, young Americans are ditching the stormy stock market — Become a real estate mogul — starting with $100 Crowdfunding platforms like Arrived have made it easier than ever for everyday investors to gain exposure to America's real estate market. Backed by world-class investors like Jeff Bezos, Arrived allows you to invest in shares of rental homes with as little as $100, all without the hassle of mowing lawns, fixing leaky faucets or handling difficult tenants. The process is simple: browse a curated selection of homes that have been vetted for their appreciation and income potential. Once you find a property you like, select the number of shares you'd like to purchase, and then sit back as you start receiving any positive rental income distributions from your investment. Tap into the multitrillion-dollar home equity market. Americans have built substantial wealth through homeownership, but the $35 trillion U.S. home equity market has historically been the exclusive playground of large institutions. Homeshares is changing the game by allowing accredited investors to gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning or managing property. With risk-adjusted target returns ranging from 14% to 17%, this approach provides an effective, hands-off way to invest in owner-occupied residential properties across regional markets. Be the landlord of Walmart If you've ever been a landlord, you know how important it is to have reliable tenants. How do grocery stores sound? That's where First National Realty Partners (FNRP) comes in. The platform allows accredited investors to diversify their portfolio through grocery-anchored commercial properties without taking on the responsibilities of being a landlord. With a minimum investment of $50,000, investors can own a share of properties leased by national brands like Whole Foods, Kroger and Walmart, which provide essential goods to their communities. Thanks to Triple Net (NNN) leases, accredited investors are able to invest in these properties without worrying about tenant costs cutting into their potential returns. Simply answer a few questions — including how much you would like to invest — to start browsing their full list of available properties. What to read next How much cash do you plan to keep on hand after you retire? Here are 3 of the biggest reasons you'll need a substantial stash of savings in retirement 5 simple ways to grow rich with US real estate — without the headaches of being a landlord. Start now with as little as $10 This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk Financial aid only funds about 27% of US college expenses — but savvy parents are using this 3-minute move to cover 100% of those costs Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-07-2025
- Business
- Yahoo
Annaly Capital Management (NLY) Reports Earnings Tomorrow: What To Expect
Mortgage finance REIT Annaly Capital Management (NYSE:NLY) will be announcing earnings results this Wednesday afternoon. Here's what to expect. Annaly Capital Management missed analysts' revenue expectations by 61.1% last quarter, reporting revenues of $186.6 million, down 62.9% year on year. It was a softer quarter for the company, with EPS in line with analysts' estimates. Is Annaly Capital Management a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Annaly Capital Management's revenue to grow 796% year on year to $429.9 million, a reversal from the 78% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.71 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Annaly Capital Management has missed Wall Street's revenue estimates five times over the last two years. Looking at Annaly Capital Management's peers in the banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. AGNC Investment's revenues decreased 367% year on year, missing analysts' expectations by 141%, and Citigroup reported revenues up 8%, topping estimates by 3.5%. Citigroup traded up 2.9% following the results. Read our full analysis of AGNC Investment's results here and Citigroup's results here. There has been positive sentiment among investors in the banks segment, with share prices up 7.8% on average over the last month. Annaly Capital Management is up 4.3% during the same time and is heading into earnings with an average analyst price target of $20.70 (compared to the current share price of $19.96). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
17-07-2025
- Business
- Associated Press
Informative Research's Shannon Santos Named MPA Elite Woman Award Honoree
GARDEN GROVE, Calif., July 17, 2025 (SEND2PRESS NEWSWIRE) — Informative Research Data Solutions, a division of Informative Research and a leading provider of data-powered borrower intelligence and analytics tools for the financial services industry, announced today that its executive vice president, Shannon Santos, has been named a 2025 Mortgage Professional America (MPA) Elite Woman Award recipient. The award honors women redefining excellence in the mortgage and housing industries through leadership, innovation and impact. With over 20 years of experience in financial services, Santos has built a career rooted in operational transformation, mentorship and advocacy for women in leadership. At Informative Research Data Solutions, she leads initiatives focused on data, predictive modeling and automation—streamlining mortgage operations, reducing costs and enhancing compliance for lenders nationwide. 'Shannon's influence is strategic and deeply personal,' said Sean Buckner, president and CEO of Informative Research. 'She drives high-impact innovation while creating pathways for others to rise. Her recognition as an MPA Elite Woman highlights her commitment to purposeful leadership, mentorship and equity.' Among her standout contributions, Santos co-founded the Save Our Soles (S.O.S.) Shoe Voucher Program, which provides essential support to underserved children. She is also an active member of the Women Empowering Women (WEW) leadership network, which connects more than 100 C-suite female executives in mortgage banking. Through these platforms, she fosters advancement and visibility for women throughout the industry. Santos attributes her success to both organizational support and her own determination to earn a seat at the decision-making table. 'Progress happens when we use our voices and build networks that uplift,' Santos said. 'This award reflects the incredible women who have guided me and reminds me to keep paying it forward.' The MPA Elite Woman Award honors individuals who lead with integrity, challenge the status quo and inspire meaningful change throughout the housing finance ecosystem. Santos exemplifies these values, demonstrating what it means to lead with purpose and leave a legacy of empowerment. About Informative Research Informative Research Data Solutions, a division of Stewart-owned Informative Research, delivers cutting-edge borrower intelligence and analytics solutions to financial services institutions. Its technology helps clients drive engagement, optimize marketing and improve customer retention in a competitive lending environment. To learn more, visit NEWS SOURCE: Informative Research ### MEDIA ONLY CONTACT: (not for publication online or in print) Lindsey Neal Depth for Informative Research Data Solutions (404) 549-9282 [email protected] ### Keywords: Mortgage, Shannon Santos, Informative Research, CEO Sean Buckner, MPA Elite Woman Award, data-powered borrower intelligence and analytics tools, Informative Research Data Solutions, GARDEN GROVE, Calif. This press release was issued on behalf of the news source (Informative Research) who is solely responsibile for its accuracy, by Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: S2P127801 APNF0325A To view the original version, visit: © 2025 Send2Press® Newswire, a press release distribution service, Calif., USA. RIGHTS GRANTED FOR REPRODUCTION IN WHOLE OR IN PART BY ANY LEGITIMATE MEDIA OUTLET - SUCH AS NEWSPAPER, BROADCAST OR TRADE PERIODICAL. MAY NOT BE USED ON ANY NON-MEDIA WEBSITE PROMOTING PR OR MARKETING SERVICES OR CONTENT DEVELOPMENT. Disclaimer: This press release content was not created by nor issued by the Associated Press (AP). Content below is unrelated to this news story.
