Author: News Room
The Federal Housing Finance Agency (FHFA) announced on Tuesday it is raising the loan amount limits for mortgages purchased by Freddie Mac and Fannie Mae by 5.2% in 2025, as home prices continue to soar in the U.S. The new conforming loan limit value for a one-unit home will be $806,500 next year, an increase of nearly $40,000 from the 2024 baseline cap. However, in high-cost areas of the country where 115% of the local median home value exceeds the baseline loan limit, the loan ceiling is 150% higher. So, the loan cap for a single-unit home in those areas…
Do you ever feel ovewhelmed in trying to be available for your aging parents while trying to keep your own work/life/family together? You want to be a loving adult child, but some parents can be very demanding. They might expect you to be at their beck and call and you feel gulity if you say you can’t come right now or whenever they demand your presence or attention. The Need For Boundaries Setting limits on what you will and won’t do is essential if you want any kind of balance in your own life. First, it’s important to recognize for…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.BlackRock has a handshake deal to buy HPS Investment Partners, as the world’s largest asset manager looks to bolster its alternative investment business with the addition of one of the biggest private credit groups on Wall Street.The two sides have agreed on the broad outline of the deal with an eye towards announcing general terms after the Thanksgiving holiday, according to four people with knowledge of the matter.HPS, which was founded less than two decades ago by Goldman Sachs’ former head of…
This article was written byFollowYiannis Zourmpanos, founder of Yiazou IQ, an AI-driven stock research platform providing all-in-one stock reports. Experience: Previously worked at Deloitte and KPMG in external/internal auditing and consulting. Education: Chartered Certified Accountant, Fellow Member of ACCA Global, with BSc and MSc degrees from U.K. business schools. Investment Style: We focus on GARP/Value stocks—high-quality, reasonably priced businesses with strong moats and significant growth potential. We prioritize fundamentals and seek stocks trading at a discount to intrinsic value, with a clear margin of safety. Our long-term approach (5-7 years) aims for wealth accumulation through compounding while emphasizing downside protection…
Long-term mortgage rates fell over the past week, reigniting demand for home purchases and breathing new life into what has been a stagnant housing market. The Mortgage Bankers Association (MBA) on Wednesday reported that mortgage applications jumped 6.3% overall from the week before, driven by an increase in purchase demand, which was up 52% from a year ago. The surge in purchase applications comes as mortgage rates fell for the first time in two months, MBA noted. Still, the decline in rates was only slight, and the affordability crisis continues to drag heavily on the housing market.FREDDIE MAC, FANNIE MAE…
If retirement is on your radar, you might be wondering if you should retire next year. Your decision when to retire can be life changing and will influence your quality of life for the rest of your life. As such, let’s look at the factors that might influence exactly when you retire. Is 2025 A Good Year To Retire? There’s nothing generally inherent in the year 2025 that says it’s a good or bad time to retire. It really depends on whether you’re ready financially and emotionally. The lists below outline the pros and cons of retirement readiness. You’ll be…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.China has put its defence minister under investigation in the latest corruption-related scandal to hit the top of the People’s Liberation Army, according to current and former US officials familiar with the situation.Admiral Dong Jun, who was named in December 2023 after his predecessor was fired for corruption, is being investigated as part of a broader probe into graft in the PLA, the US officials said. He is the third consecutive serving or former defence minister to be investigated for alleged corruption.…
Vienna Insurance Group AG (OTCPK:VNRFY) Q3 2024 Earnings Conference Call November 26, 2024 9:00 AM ET Company Participants Nina Higatzberger – Head of Investor RelationsLiane Hirner – CFOPeter Hofinger – Deputy CEO Conference Call Participants August Marcan – UBSThomas Unger – Erste GroupBhavin Rathod – HSBC Operator Ladies and gentlemen, welcome to the VIG Update for the First Three Quarters 2024 Conference Call and Live Webcast. I’m Sandra, the Chorus Call operator. I would like to remind you that all participants are being in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A…
The approaching holidays provide a great opportunity to gain valuable insights that will help you better plan your retirement. Instead of enduring awkward silences or rehashing politics, ask your retired friends and relatives thoughtful questions about their life in retirement. It’s win-win—you’ll avoid tense topics, and your relatives and friends will appreciate the chance to share their hard-earned wisdom. Many retirees report that close relationships are very important for a satisfying and happy retirement. By engaging with your close relatives and friends, you’ll make them feel valuable and helpful. And some day, you’ll be able pass along your accumulated wisdom…
Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldDonald Trump has said he intends to levy tariffs of 25 per cent on all US imports from Canada and Mexico, and an extra 10 per cent tariff on Chinese goods, when he takes office in retaliation for illegal immigration and drug trafficking.In a post on his social media site, Truth Social, Trump said he would impose the Canada and Mexico tariffs “on ALL products coming into the United States, and its ridiculous open borders”, which would remain in place…
