Bloomberg – Russians are racing to take out mortgages on concern that borrowing costs will rise further after the ruble’s weakness prompted the central bank to increase interest rates. The number of people applying for mortgages at Bank VTB 24, a retail unit of...
Business Insider – A currency trader has vanished along with £130 million ($159 million) in investors’ cash in an alleged fraud that could be one of the biggest in recent British history. Joe Lewis, 59, is being investigated by police over almost $200 million...
The Bryan Ellis Investing Letter – Artificially-low down payments and overly-easy mortgage qualifying worked so well just a few years ago that the feds are gearing up to do it again. Fannie Mae and Freddie Mac officially announced this week that they will begin...
B2R Finance – New underwriting guidelines at B2R Finance could translate into more financing opportunities for investors in the residential rental space. Recent underwriting adjustments have widened the credit box and made qualifying easier than before. We want...
Newser – In 1965, sociologist Daniel Patrick Moynihan (who later became the iconic New York senator) published a controversial study about the increasing number of black families headed by single moms, in which he asserted that black children growing up without...
The Bryan Ellis Investing Letter – Don’t trust your financial advisor? Maybe a robot could do a better job. Investment firm UBS Group has recently decided that it will give artificial intelligence a try when it comes to advising the firm’s wealthiest clients,...
