BIZARRE: 3 - You Need To See This

US government to back mortgages of more than $1 million

The federal government plans to back mortgages of more than $1 million, catching up with the dramatic rise in U.S. home prices in recent years.

Tribune News Service · Nov 29, 2022

Check out UFB Direct—an online bank offering savings products with APYs of at least 5%

Savers might find that UFB’s high rates complement their existing banking relationship.

Fortune · Nov 3, 2022

Mortgage interest rates are rising. If you’re looking at adjustable-rate loans, know the risks

A few years after risky mortgages and related investments led to a global financial collapse, the Federal Reserve put out a handbook to help consumers make smarter choices about their home loan options. The focus was on adjustable-rate mortgages, whose exotic variants were among the prime culprits in the meltdown.

Los Angeles Times · Apr 7, 2022