Credit Score Bureau FICO in the hot seat lately after Bill Py, the director of the Federal Housing Finance Agency, took aim at the company in a barrage of posts on social media, saying in one quote, "FICO and other monopoly, who has ripped off Americans for decades, should not be used using improper efforts to threaten regulators. The company's stock is down more than 20% so far this year." FICO CEO William Lancing joins us exclusively now. I mean the this is this has pressured your stock. First he started ...

🇦🇺 LATEST: Australia's Block Earner launches the country's first Bitcoin-backed mortgage following a regulatory win that cleared crypto-backed lending, offering homebuyers a new path into the property market. https://t.co/ZSXhFpMcr3 ...

i dont really understand these tweetsdo adults genuinely not understand how interest works?Mark Palmer (@MarketPalmer_):We're 4 years into our mortgage.We've paid over $95,000 in mortgage payments – but our balance has only gone down by $31,000.The other $64,000 went to interest, taxes, and insurance.So yeah – owning a home costs a lot more than the price of the home. ...

Mortgage Refinance Rates - Interactive map provides average 30-year mortgage refinance rates for each U.S state [1] - New York, California, and Florida currently offer the cheapest refinance rates [1]

Market Trend - Fannie Mae and Freddie Mac are preparing to count crypto as assets for mortgages [1] - Industry anticipates potential for tokenization and limited supply strategies in the crypto market [2] Investment Opportunity & Potential Risk - Potential strategy to short the housing market using crypto assets is being discussed [2] - Market participants are considering scenarios involving supply manipulation and subsequent market flooding [2]

RT Dip Wheeler (@DipWheeler)loan underwriters at freddie mac determining if an unemployed teenager has enough fartcoin to secure a mortgage. https://t.co/8tRin6krYU ...

We're back with some news on the housing front. We'll go to Washington. Diane Olic has that for us.Hey D. Hey Scott. Yeah, this is from the FHFA director Bill PY.He is the conservator of Fanny May and Freddy Mack. He just posted on X after significant studying and in keeping with President Trump's vision to make the United States the crypto capital of the world today. I ordered the great Fanny May and Freddy Mack to prepare their businesses to count cryptocurrency as an asset for a mortgage.Interesting. In ...

Homeownership Tips - Experts like Barbara Corcoran from Shark Tank share tips for becoming a homeowner [1] - Advice includes saving for a down payment, improving credit scores, and determining affordability [1] - The report highlights the importance of understanding the housing market [1] Financial Guidance - The report discusses using cash gifts for down payments [1] - Wells Fargo provides insights on cleaning up credit and down payment strategies [1] - Debt Free Guys offer advice on saving for a down payment [1] Resources - Yahoo Finance provides free stock ticker data, news, and portfolio management resources [1] - The report encourages readers to download the Yahoo Finance app on Apple and Android devices [1] - Yahoo Finance is active on social media platforms like X, Instagram, TikTok, Facebook, and LinkedIn [1]

For those who purchased a home during the Covid epidemic when home prices were extraordinarily high, the reality could mean they are underwater with how much they owe on their mortgage vs. the current market value of their home. https://t.co/oCe9bwy71D ...

Core Insights - PITI, which stands for principal, interest, taxes, and insurance, is a crucial component of monthly mortgage payments, affecting affordability and loan eligibility [1][11] Group 1: Components of PITI - **Principal**: The principal is the remaining balance of the mortgage after the down payment. For example, a $300,000 home with a $30,000 down payment results in a principal balance of $270,000 [2] - **Interest**: Interest is charged on the principal based on the borrower's credit score. For a $270,000 loan at a 7% interest rate, the first year would incur over $17,250 in interest, with only about $2,500 applied to principal reduction [4] - **Taxes**: Property taxes are included in monthly payments and are estimated annually, with one-twelfth of the total held in escrow until due [5] - **Insurance**: Homeowners insurance premiums are also included in the payment, with a portion paid monthly into an escrow account. This amount can vary over time [7] Group 2: Additional Costs and Considerations - **Mortgage Insurance**: Depending on the down payment, borrowers may need to pay for private mortgage insurance (PMI) if the down payment is less than 20%. Other loans, like FHA and USDA loans, have their own insurance requirements [8][9][10] - **Total Monthly Payment**: For a $1,796 monthly payment on a $270,000 mortgage, including taxes, homeowners insurance, and PMI, the total can rise to $2,336 [12] - **Other Costs**: PITI does not cover additional expenses such as homeowners' association fees, utilities, maintenance, and closing costs [13] Group 3: PITI Calculation and Changes - **Calculating PITI**: The best way to calculate PITI is through a mortgage calculator that includes principal, interest, taxes, insurance, and other potential costs [14] - **Variability of PITI**: PITI can change due to adjustable-rate mortgages or fluctuations in property taxes and insurance costs [16] - **PITI Rule**: The 28% rule suggests that PITI should not exceed 28% of a borrower's gross monthly income, serving as a guideline for loan approval [17] Group 4: Strategies to Lower PITI - **Reducing PITI**: Making a larger down payment can lower PITI by reducing the principal and interest owed. Refinancing when interest rates drop can also help, but extending the loan term may increase total interest paid [18]