Hub News

Wells Fargo Mortgage Chief Mike Heid Announces Retirement

Wells Fargo announced on Wednesday that its mortgage chief, Mike Heid, is preparing to retire after 28 years with the bank. “Over a distinguished career spanning three decades, Mike has helped our company and the entire housing industry navigate unprecedented

New Report Shows Auto Insurance is More Affordable for Teens on Parents’ Plans

A new study conducted by InsuranceQuotes.com found that 18-year-olds pay an average of 18 percent more for car insurance when they sign up for individual plans than they do when they remain on their parents’ policies. The report, which was

CNN: Fed Rate Hike Not a Done Deal

Although it has been widely suggested that the Federal Reserve will be raising interest rates in the coming weeks, CNN pointed out on Monday that there’s a chance the prediction won’t play out. According to the news source, there are

Housing Attitude Reverse Course in New Survey

After several months in a row of overall positivity in regard to the status of the U.S. housing market, the American public seems to have done an about-face in July. According to Mortgage News Daily, the percentage of respondents who

Miami Housing Market Heats Up This Summer

Although the summertime is usually a slow period for the Miami housing market, the opposite has held true so far this year. According to CNBC financial reporter Diana Olick, the city had 1,390 sales in June, which is an 8.6

Fannie Mae, Freddie Mac to Send Taxpayers $8.3 Billion This Quarter

The Washington Post reported on Thursday that Frannie Mae and Freddie Mac are set to hand out $8.3 billion worth of profits to tax payers this quarter. The companies, both based in the D.C. area, have been required to turn

1 in 7 California Home Buyers Thinks They Overpaid

Poll results released by the California Association of Realtors earlier this week suggest that a slew of homeowners in the state may be suffering from a bit of buyer’s remorse. According to the findings, 85 percent of buyers believed that

Home Prices on the Rise as Inventories Remain Low

As the number of homes for sale nationwide continues to drop, much of the housing market is beginning to see a steep increase in asking prices. While the metro areas with the smallest inventories have experienced the greatest surge in

Economists: September Rate Hike Likely

A panel of economists sat down for a round-table discussion on CNBC’s Squawk Box on Monday and revealed that an interest rake hike is likely imminent in September. According to Russ Koesterich, an investment strategist at BlackRock Global, the Federal

Apartments and Condos Prevalent in Busiest Home-Building Markets

According to the Wall Street Journal, the busiest and fastest-growing large metro areas in the U.S are all starting to see an increase in the construction of apartments and condos, as opposed to detached, single-family homes. The latest data released

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