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Mortgage News Daily

UI Addresses Disparity in Minority Homeownership Rates
Posted on Wednesday February 20, 2019

Posted To: MND NewsWire

The gap in homeownership rates between white Americans and racial and ethnic minorities has persisted for years with the largest gap among black families. All demographic groups have seen their rates decline from the 2004 peak, but again decline since has been most dramatic for black Americans. Their rate has dropped 5 percent compared to 1 percent for white families and an increase among Hispanics. The rate for Millennial generation blacks is 13 percent today compared to 37 percent for white Millennials. Alana McCargo, writing in the Urban Institute's (UI's) Urban Wire Blog, says black homeownership rates are now at levels not seen since the 1960s when private raced-based discrimination was legal. She says this sustained gap has been studied, quantified and discussed thoroughly in recent years...(read more)

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MBS Day Ahead: Closer Look at Precedents For The Next Big Move
Posted on Wednesday February 20, 2019

Posted To: MBS Commentary

Yesterday, I mentioned that it was rare to see short-term momentum technicals consolidate in the center of their "overbought vs oversold" range. This refers to a fast stochastic oscillator--one of many ways that traders apply math the a time series of trading levels in order to more closely examine significance and probability. In short, when the stochastic lines are over their ceiling or under their floor, that particular market is thought to be overextended. The typical conclusion is that momentum is building for a move in the opposite direction. Of course this sort of witchcraft is far from a reliable predictor of the future. Still, when we consider the messages from momentum indicators in concert with a multitude of other analysis tools, we may be able to think and talk about...(read more)

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Reverse Daily Mortgage

The Eroding Barriers Between Forward and Reverse Mortgage Originators
Posted on Tuesday February 19, 2019

As more reverse mortgage companies continue to expand their operations into the forward space in response to business changes and new realities, a shift appears to be taking place in what was once seen as conventional wisdom: the separation of forward and reverse mortgage business practices, in order for originators to remain specialized in one […]

The post The Eroding Barriers Between Forward and Reverse Mortgage Originators appeared first on Reverse Mortgage Daily.

Financial Wellness High on Boomer Bucket Lists
Posted on Tuesday February 19, 2019

95 percent of surveyed Americans revealed that they have some kind of list of financial goals and other experiences they wish to have before passing on, otherwise known as a “bucket list.” 66 percent of respondents have something on that list that they plan to accomplish within the next year of their lives, and 21 […]

The post Financial Wellness High on Boomer Bucket Lists appeared first on Reverse Mortgage Daily.