Mortgage executives have a hard time forgetting 2018. The market was coming off a refi boom, competition was fierce, and the profit margins were slim (if there were any at all). In a bid to gain market share, some of the biggest mortgage originators priced loans aggressively to keep production up and attract loan originators. […]
Summary List Placement Luxury home sales are soaring. They increased by 41.6% in the first three months of 2021 over the first three of 2020, according to a recent Redfin report that defined luxury homes as those selling for an average of $975,000. It’s a sharp contrast from sales for what Redfin deems “affordable” homes […]
The U.S. Department of Education today released the names of the 2021 U.S. Department of Education Green Ribbon Schools, District Sustainability Awardees, and Postsecondary Sustainability Awardees. Across the country, 27 schools, three early learning centers, five districts, and five postsecondary institutions are being honored for their innovative efforts to reduce environmental impact and utility costs, […]
Summary List Placement Monique Harley was a 27-year-old single mother working an hourly-wage job at a call center outside Washington, DC, when she learned about Google’s online certification program in IT support. Harley had a natural aptitude for science, but most of what she knew about computers she had learned from watching YouTube. She decided […]
Summary List Placement President Joe Biden told lawmakers that he will put forward a plan to temporarily extend the expanded child tax credit, but he stopped short of proposing to permanently install it, according to The Wall Street Journal. An expanded child tax credit was included in the $1.9 trillion COVID-19 relief package signed in […]
Summary List Placement President Joe Biden is planning to raise taxes on millionaire investors to fund child care and education programs, according to a report from The New York Times. Biden is set to reveal the American Family Plan — part of Biden’s $4 trillion overhaul on the US economy — before addressing Congress next […]
For the first time in nearly two months, mortgage rates dropped below 3% last week, down seven basis points to 2.97%, according to Freddie Mac’s Primary Mortgage Market Survey. “The drop in mortgage rates is good news for homeowners who are still looking to take advantage of the very low-rate environment,” said Sam Khater, Freddie Mac’s […]
Summary List Placement As the US enters a new normal, half of its population is ready for an economy that’s starkly different from that which came before. About 40% of surveyed Americans believe the economy “needs major changes” as it emerges from the coronavirus pandemic, according to a Pew Research report published Thursday. One in […]
Summary List Placement Fewer Americans filed for unemployment benefits last week as hiring picked up amid the reopening of the economy. New US jobless claims reached an unadjusted 547,000 last week, the Labor Department said Thursday morning. Economists surveyed by Bloomberg expected a jump to 610,000 claims that week. The reading marks a second straight […]
Summary List Placement If you’re fed up with the millennial narrative, I get it. It reads like a set of contradictions. Millennials can’t afford homes, according to one headline, while another states that they’re busy snapping up homes during the pandemic. Millennials are finally getting rich, per one article, but a different piece tells of […]
Greta Thunberg turned 18 in January, but she’s already made peace with her future: While most college students will change their concentrations multiple times, the Swedish high school student says climate change activism will be her life’s mission. “In a perfect world, there wouldn’t need to be a climate activist, but unfortunately, there will probably […]
Clare Egan is an American athlete who qualified for the 2022 U.S. Olympic Team. She competes in the biathalon, a sport that combines the winter survival skills of cross-country skiing with target shooting. As chair of the FILE – Amanda Kessel (28), of the United States, drives the puck against Russia’s Yelena Dergachyova (59) during […]
Summary List Placement Sen. Elizabeth Warren’s invitation to testify at a Senate Finance subcommittee has been rejected by one of her outspoken critics, billionaire Leon Cooperman. On Monday, Warren invited Cooperman to testify at her hearing, called “Creating Opportunity Through a Fairer Tax System.” “This hearing is an opportunity to share your views on how […]
Summary List Placement The next part of the White House’s infrastructure package will focus on American families, with education, childcare, and paid leave all set to be major priorities. According to the Washington Post, the American Families Plan will allocate $225 billion towards paid family and medical leave. Now, 17 state treasurers are calling for […]
Summary List Placement I’ll admit: I’m a relatively new romance convert. I used to alternate between devouring dark, creepy thrillers and gutting, emotional contemporary fiction — not exactly sweet and fluffy fare. But when the pandemic hit, I needed the light, optimistic amusement of an engrossing love story, and so many of these romances […]
As part of the landmark CARES Act passed in 2020, Congress stipulated that mortgages in forbearance as a result of COVID-19 must be reported as “current” on credit reports. The legislation saved millions of homeowners from having their credit scores ruined during the most devastating year in recent U.S. history. But future risk still remains, […]
Summary List Placement Throughout the pandemic, researchers from Zhejiang University, University of Chicago, and the University of Notre Dame have tracked US poverty rates. In March 2021, pandemic-era poverty reached a new height. According to the researchers, the poverty rate reached a previous high in November 2020, when 8 million Americans fell into poverty over […]
Summary List Placement Sen. Joe Manchin of West Virginia is staunchly opposed to lifting the gas tax and implementing user fees, the GOP’s preferred measures of financing infrastructure upgrades. “Hell no don’t raise them!” he told reporters on Capitol Hill Wednesday. “I got people that have to drive a long way to make a living. […]
Summary List Placement President Joe Biden will announce on Thursday that the US met his vaccination goal of 200 million shots in 100 days. And on Wednesday, he announced new plans to ensure every American employee can get a shot. A White House statement said that Biden is calling for every employer in America to […]
If you’re caught in the sights of the Consumer Finance Protection Bureau (CFPB) — or if you’re hoping to avoid the regulator’s scrutiny altogether — here’s what you need to know in 2021. The regulator is no longer “taking it easy” on consumer financial services providers firms in light of the pandemic, said Jeffrey Naimon, […]
As a leader in the adoption, implementation and use of digital mortgages Camelia Martin’s breadth of experience has never been more relevant to the industry. A 2020 Woman of Influence, Martin joined Snapdocs earlier this year as Head of Industry and Regulatory Affairs. “Many lenders were not able to pivot as quickly as they would […]
Summary List Placement In the 11 months since the Black Lives Matter movement emerged across the country, scores of Republican-led states are attempting to crack down on protests by introducing what they call “anti-riot” legislation, The New York Times reported. GOP lawmakers in two of those states — Minnesota and Indiana — want to step […]
The Federal Housing Finance Agency (FHFA) announced on Wednesday that due to “low usage” it is no longer extending expirations on certain temporary loan origination flexibilities for Fannie Mae and Freddie Mac. The regulator is also advancing permanent changes to be made in the appraisal space. Temporary flexibilities related to employment verification, condominium project reviews, and expanded power […]
Queen Elizabeth II has expressed her thanks for all the “support and kindness” shown following the death of her husband, Prince Philip. In a statement Wednesday posted on social media on her 95th birthday and which she personally signed off as Elizabeth R, the monarch said it has been “a comfort” to “see and […]
A new Nigerian art gallery opened in Los Angeles this year reflecting a growing international interest in contemporary African art. VOA’s Elizabeth Lee has the details. Camera: Roy Kim, Rodmy Dorcil, Michelle Quinn details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
Today, the U.S. Department of Education (Department) released the State plan application that will support states in describing how they will use resources under the American Rescue Plan Elementary and Secondary School Emergency Relief (ARP ESSER) fund to continue to safely reopen schools, sustain their safe operations, and support students—especially those most impacted by the pandemic. details […]
Summary List Placement New York Gov. Andrew Cuomo is the highest paid governor in US history, according to a report by Forbes, with a salary of $225,000. California Gov. Gavin Newsom is the second-top paid current governor, earning nearly $210,000 in 2020. Cuomo and Newsom, both Democrats, have faced a series of scandals throughout 2020 […]
Summary List Placement In 2020, turbulence replaced tradition for business schools, leaving them sprinting to devise new ways of teaching, studying, collaborating, and participating in campus life in the wake of COVID-19. Now, with a full year of trial by fire in the rearview mirror and the term “new normal” a cliché, it’s clear that […]
Juventus, Atlético Madrid, AC Milan and Inter Milan announced Wednesday they were dropping out of the Super League of 12 leading European football clubs. The development followed the Tuesday withdrawal of six British teams that were part of the project launched this week. Four other teams were included in Sunday’s announcement of the breakaway competition that drew sharp criticism from players, fans […]
After six consecutive weeks of dips, mortgage applications rose 8.6% in the latest report from the Mortgage Bankers Association. The jump in applications can be traced to mortgage rates falling to the lowest level in two months, prompting a small resurgence in refinance activity, said Joel Kan, MBA associate vice president of economic and industry […]
Summary List Placement 25. Whitman School of Management at Syracuse Location: United States Overall score: 53.30 24. Poole College of Management at North Carolina State University Location: United States Overall score: 54.80 23. Colorado State University’s College of Business Location: United States Overall score: 55.00 22. Kogod School of Business at American University Location: United […]
The governing bodies of world football have threatened to ban any club or player taking part in the new European Super League from playing in their competitions, raising the prospect that some of the world’s biggest stars could be banned from representing their countries in the FIFA World Cup. Battle lines are being drawn for […]
Summary List Placement The US Department of Agriculture announced on Tuesday that it is extending a free school-lunch program for every K-12 student through spring 2022. “States and districts wanted waivers extended to plan for safe reopening in the fall,” Agriculture Secretary Tom Vilsack said in a statement. “This action also increases the reimbursement rate […]
Summary List Placement When asked if corporations pay their fair share in federal taxes, two-thirds of respondents in a 2018 Gallup poll said they pay too little. In fact, Gallup found “the public consistently thinks that ‘upper-income people’ and corporations do not pay their fair share in federal taxes.” In recent months, one of the […]
Federal Housing Finance Agency Director Mark Calabria said the controversial amendments made to Fannie Mae and Freddie Mac‘s Preferred Stock Purchase Agreements in late January should be just the start. “I said in January when the PSPA were signed — there needs to be another set of amendments. January really is a bridge,” he told Wells […]
Summary List Placement Two years after it was first introduced, Rep. Alexandria Ocasio-Cortez of New York and Sen. Ed Markey of Massachusetts reintroduced the Green New Deal on Tuesday. The resolution, which Markey and Ocasio-Cortez first introduced in February 2019, laid out goals for a 10-year national mobilization to upgrade US infrastructure, convert to zero-emission […]
Summary List PlacementTable of Contents: Masthead Sticky It can be difficult to discern which skills companies are prioritizing, and what can make your resume stand out to recruiters. That’s why LinkedIn uses its vault of business data to publish a job market roadmap every year. This year, the company used LinkedIn Learning data […]
Summary List Placement Sen. Elizabeth Warren has extended an invitation to one of her most vocal critics to debate her marquee policy, the wealth tax, on Capitol Hill. On Monday, Warren invited billionaire Leon Cooperman to testify at a hearing for the Senate Finance Committee’s Subcommittee on Fiscal Responsibility and Economic Growth, which Warren chairs, […]
Appraisal-management tech provider AppraisalWorks is now available through the ICE Mortgage Technology Platform, the company announced Tuesday. ICE Mortgage Technology, formerly known as Ellie Mae, is a cloud-based loan origination platform provider for the mortgage industry. With this integration, lenders can now order, assign, monitor, and review real estate valuations from a marketplace of AMCs […]
Summary List Placement A policy instrument designed as a buffer for unemployed Americans is broken in 33 states, according to a new report released Tuesday from the California Policy Lab. The Extended Benefits program is meant to provide jobless aid to people who exhausted regular benefits in high-unemployment states. Earlier federal rescue packages that Congress […]
In an effort to bring Broadway back in the spotlight, New York City opened a new COVID-19 vaccination center for Broadway stage and screen workers on Times Square. Evgeny Maslov has the story, narrated by Anna Rice. Camera: Michael Eckels details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
Summary List PlacementTable of Contents: Masthead Sticky Networking is a crucial skill, exponentially expanding our professional knowledge, connections, and opportunities. And thanks to platforms like LinkedIn, it’s easier than ever to get in front of the people you admire and the hiring managers filling the jobs you want. Great! But, how do you do […]
Summary List Placement Many household goods are getting more expensive, as companies like Procter & Gamble and General Mills hike prices to combat shortages and rising shipping costs. During their third-quarter earnings call, P&G said it has started raising prices on some of its paper goods, including baby-care, feminine hygiene products, and adult diapers. The […]
In a direct appeal to the owners of the English clubs in the Super League project, UEFA president Aleksander Ceferin urged them Tuesday to change their minds out of respect for soccer fans. Ceferin both cajoled and criticized the six-club English group — made up of American billionaires, Middle East royalty and a Russian oligarch […]
Patrick, a 25-year old tech worker, had his heart set on buying a home in the Reading, Massachusetts area, where he grew up. He wasn’t looking for a fixer-upper. That turned out to be nearly impossible as home prices in the small town north of Boston accelerated. The first house he submitted in an offer […]