Complex Financing

Recently Fannie Mae announced some new standards for the acquisition and securitization of adjustable-rate mortgages (ARM). The company is changing its eligibility criteria to protect consumers from potentially unexpected payment increases and to help ensure borrowers who hold these types of mortgages can keep up with them beyond the initial interest rate period.

“Our goal is to make sure consumers can sustain their mortgages and remain in their homes over the long term, while helping our lender partners offer a range of mortgage products for qualified borrowers,” said Policy and Risk Management Vice President at Fannie Mae. “These policy changes reflect our intention to continue providing liquidity to different market segments by ensuring that support for ARM products remains in appropriate circumstances.”

For ARMs with initial periods of 5 years or less, Fannie Mae will require that borrowers be qualified at the greater of the note rate plus 2% or the fully indexed rate.

Fannie Mae also said it will continue to make available an interest-only loan product, but will change its overall qualification standards. The max

Read more…

Buying a home can often be a highly stressful experience. Choosing your dream home, however, can also be fun and enjoyable. Here are 5 simple to buying real estate in Westfield New Jersey that can help make the process smoother and more enjoyable for you.

Tip#1 – Prepare Your “Dream” List

Prepare a list of everything you want in a house. What do you want the landscaping to look like? What kind of kitchen counter tops would you prefer? What kind of neighborhood appeals to you most? What kind of environment do you want?

Have your ideal home in mind when you go house hunting. Know the criteria you’re absolutely set on, and which you’re willing to compromise. Also be willing to be surprised by houses that you like and which you weren’t expecting.

Tip #2 – Learn the Process

Understand the whole process, from beginning to end. This will hel

Read more…

The bar is set high for Friday’s non-farm payrolls report. Currently, economists expect non-farm payrolls to rise by 190k, which would be the strongest pace of job growth in 3 years. However with individual forecasts ranging from a high of 300k to a low of 75k, there is no real consensus outside of the expectation for positive job growth. With the U.S. economy improving and contribution from census related jobs, there is no question that more jobs were created than lost in the month of April. The labor market has turned a corner and the era of consistent job losses is for the most part, over. But will that be enough for a market that is consumed by risk aversion? The employment component of service sector ISM is our most reliable leading indicator for non-farm payrolls and the surprising decline last month signals tepid private sector payroll growth. The index contracted for the 28th consecutive month which means that of the companies surveyed, there were more layoffs than new hires. Read more…

When we make poor financial decisions, banks don’t bail us out. Why should we be expected to bail them out? By a vote of 96 to 1 in the U.S. Senate yesterday, we shouldn’t have to — no more taxpayer funded bailouts! In ot

Read more…

Release of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The content of the The issuer / publisher is solely responsible.
—————————————————————————
* Issue volume at 747.5 million including over-allotment Euro
* Brenntag flow from the capital, before deduction of Transaction costs to € 525 million
* Strong demand from institutional investors from Germany and Foreign countries
* Offer at an issue price several times oversubscribed
Brenntag, the global leader in chemical distribution, Today, together with the previous indirect Majority owners, advised by BC Partners Funds, and the joint German Bookrunnners Bank, Goldman Sachs International, Merrill Lynch, BofA and JP The Morgan Issue price for the part of the IPO shares offered to € 50.00 per share. In total, including Over-allotments in connection with the over-allotment option, 14,950,000 shares placed. The demand particularly from institutional investors ex

Read more…