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Economics And Finance

OK House, Exactly How Smart Are You?


Proposed regulations would allow the majority of homes to be bought and sold without being appraised by a human. OK House, Exactly How Smart Are You?   Top-Down Aerial Shot Of Suburban Tract Housing Near Santa Clarita, Calif. Proposed Regulations Would Enable Property Valuations Based On Computer Algorithms.[embed][/embed] The battle…

Borrowers Are Tapping Their Homes For Cash, As Rates Rise And Fall (#GotBitcoin?)


The trend is a sign of an economy that has sharply pushed up home prices but left paychecks growing much more slowly. Borrowers Are Tapping Their Homes for Cash, Even As Rates Rise (#GotBitcoin?) Rising mortgage rates are crushing much of the refinancing market. But Americans are still using refis…

The U.S. Housing Boom Is Coming To An End, Starting In Dallas (#GotBitcoin?)


Empty Lots And Newly Built Homes In The Edgestone At Legacy Development In Frisco, Texas Home prices zoomed higher in recent years, and mortgage rates are climbing. Buyers are queasy. A half-hour drive straight north from downtown Dallas sits one of the fastest-growing counties in the country. Cotton fields have…

Investors Run Out of Options As Bitcoin, Stocks, Bonds, Oil Cave To Recession Fears (#GotBitcoin?)


The failure of so many investment strategies is viewed by some as a warning of what could come following years of above-average returns. Stocks, bonds and commodities from copper to crude oil to burlap are staging a rare simultaneous retreat, putting global markets on track for one of their worst…

‘I Can Be the Bank’: Individual Investors Buy Busted Mortgages (#GotBitcoin?)


A decade after the housing crisis, new risk takers invest in nonperforming loans—often written off by banks—and push the borrowers to start paying on them again. Sándor Lau, once a filmmaker, found his calling on YouTube when he came across instructional videos about how to buy seemingly worthless home loans.…

A Debt-Collection Machine That’s Chewing Up Small Businesses Across America (#GotBitcoin)


Look out, the stranger on the phone warned. They’re coming for you. A Debt-Collection Machine That’s Chewing Up Small Businesses Across America (#GotBitcoin) The caller had Janelle Duncan’s attention. Perpetually peppy at 53, with sparkly jewelry and a glittery manicure, Duncan was running a struggling Florida real estate agency with…

Retreat of Smaller Lenders Adds to Pressure on Housing (#GotBitcoin?)


Many nonbank lenders are dependent on refinancings, which are shrinking rapidly. Some are selling themselves, shutting down or laying off workers. Small and midsize U.S. mortgage firms are trimming staff, putting themselves up for sale and closing up shop at a clip not seen in years, a sign of the…

Frackers Fret As Trump Tweets For Lower Oil Prices (GotBitcoin?)


President’s call for prices to go lower concerns some in U.S. oil patch, who worry companies would have to curb drilling. Frackers Fret As Trump Tweets For Lower Oil Prices (GotBitcoin?) President Trump’s comments calling for oil prices to keep falling have some American shale drillers seething. The U.S. is…

Downfall of Sears, Toys ‘R’ Including Jobs Slashed At Ikea Gives Lift to Retail’s Survivors (#GotBitcoin?)


As millions of Americans flock to stores on Thanksgiving evening and Black Friday, some will be making fewer stops after the drumbeat of retail closings this year. Gone are hundreds of Toys “R” Us, Sears and Bon-Ton department stores. Thousands of stores have closed this year, but that’s good news…

With Central Banks Out of Ammo, Governments Urged to Ready Stimulus for Next Downturn (#GotBitcoin?)


OECD warns that countries need to prepare plans for a synchronized spending boost to fight a slowdown, but trade tensions could make that difficult. With Central Banks Out of Ammo, Governments Urged to Ready Stimulus for Next Downturn (#GotBitcoin?) Governments around the world must prepare spending plans they can roll…

Maxine Waters (D., Calif.) Rises As Banking Industry’s Overseer (#GotBitcoin?)


California lawmaker, a critic of big banks and President Trump, says she is ready to compromise as financial-services chairman.' Rep. Maxine Waters (D., Calif.) has demanded records of President Trump’s financial dealings and pilloried financial companies accused of abusing consumers. She has also cut deals with Republican lawmakers. The primary…

Some Merrill Brokers Say Pay Plan Urges More Customer Debt (#GotBitcoin?)


Financial advisers have complained that the pay structure pits them against their clients. Some brokers at Merrill Lynch are pushing back against a compensation plan they claim rewards them for increasing debt their clients take on and in some cases can punish them for reducing it. Some of the 15,000…