China’s mortgage boycotts spread online with billions in home loans at stake

China’s mortgage boycotts spread online with billions in home loans at stake

Hundreds of thousands of homebuyers in at least 80 Chinese cities are refusing to pay their mortgages as property developers struggle to complete their building projects, signalling a new era of turbulence for China’s continued real estate crisis.  As of July 12, homebuyers in 22 Chinese cities had threatened to stop their mortgage payments over

China vows timely home deliveries in wake of property protests

China vows timely home deliveries in wake of property protests

HONG KONG, July 14 (Reuters) – Chinese regulators on Thursday vowed to help local governments deliver property projects on time after homebuyers threatened to stop mortgage payments on unfinished apartments, in the first sign Beijing was stepping in to end the market chaos. The homebuyers’ threats have deepened investor concerns about the property sector, which

Home loan size retreats from record as mortgage application demand cools

Home loan size retreats from record as mortgage application demand cools

Co-founder of Key Advisors Group LLC Eddie Ghabour analyzes the U.S. markets and economy, saying that they have yet to ‘bottom out’ on ‘Varney & Co.’ The average size of a home purchase loan has pulled back from its record high as demand for mortgage applications fell for the second straight week.  According to the

Deutsche Bank and Home Credit close ESG-linked loan focusing on financial inclusion and literacy

Deutsche Bank and Home Credit close ESG-linked loan focusing on financial inclusion and literacy

Deutsche Bank and PT Home Credit Indonesia (“Home Credit”), a global consumer finance company today announced they have closed a IDR156 billion (US$10.4 million) ESG-linked loan facility that focuses on performance targets linked to ESG principles. This is Home Credit’s first ESG-linked loan in Indonesia, as it seeks to deliver sustainable financial services and inclusive

How Brands Like Home Depot, Coach, And Playstation Will Make Millions Selling Financial Services

How Brands Like Home Depot, Coach, And Playstation Will Make Millions Selling Financial Services

Consumer brands like Home Depot, Playstation, and Coach will generate millions in revenue and … [+] strengthen customer loyalty through embedded finance strategies. (Photo by Brad Barket/Getty Images ) Getty Images OBSERVATIONS FROM THE FINTECH SNARK TANK Embedded finance has become a popular topic in the banking and retail industries. What is it? Embedded finance

Better Business Bureau warns about scams lurking among work from home jobs

Better Business Bureau warns about scams lurking among work from home jobs

CHICAGO (WLS) — Many people are looking for a side gig or part-time work from home opportunity right now, but the Better Business Bureau warns some of those opportunities really are too good to be true. Some listings say you can make money by reviewing video games, filling out surveys or sharing your social media

Average HELOC and Home Equity Loan Rates for Week of June 29, 2022

Average HELOC and Home Equity Loan Rates for Week of June 29, 2022

Editorial Independence We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money. After a dramatic month of rate movement and economic news, home

Mortgage, home loans could be easier with Fannie Mae, Freddie Mac plan

Mortgage, home loans could be easier with Fannie Mae, Freddie Mac plan

In a historic move, Fannie Mae and Freddie Mac announced changes to battle systemic racism that has blocked people of color from homeownership. Fannie Mae and Freddie Mac are rolling out a credit reporting system that factors in paying rent into creditworthiness score. Other measures include down payment assistance, improved underwriting guidelines, reserve funding for emergencies and