In today’s dynamic housing market, the mortgage application process can pose various challenges, particularly for those with non-traditional income sources. While many prospective homeowners may dream of owning their property, numerous factors can result in a mortgage application being denied. One significant reason often cited is “unverifiable income,” which can create hurdles for applicants. Understanding
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The beloved Christmas classic “Home Alone,” released in 1990, has become a staple of holiday viewing. As fans revisit the film, many are left pondering not just the antics of the mischievous young protagonist, Kevin McCallister, but also the financial health of his seemingly affluent family. The McCallisters’ extravagant lifestyle—complete with pizza orders for a
In 2024, the Federal Reserve executed a strategy of lowering its interest rate target on three notable occasions. This move generated a wave of anticipation among American homeowners eager for a decline in mortgage rates. Despite these hopes, experts caution that significant drops in mortgage costs may not materialize in the near future. Jordan Jackson,
In 2023, a contentious transfer of student loan accounts from NelNet to Mohela highlighted significant flaws in the management of loan servicers, resulting in widespread inaccuracies in consumer credit reports. Lawmakers recently brought these issues to light, detailing how millions of borrowers were affected by the fallout of this transition. The implications for credit scoring
As retirement approaches, the importance of adequately funding your 401(k) plan cannot be overstated. Financial experts recommend taking proactive steps to increase contributions well ahead of the upcoming year. With the IRS increasing the contribution limit for 2025 to $23,500, a rise from $23,000 in 2024, now is the opportune moment to reassess your savings
As the Federal Reserve signals yet another interest rate reduction at the conclusion of its upcoming two-day meeting, a notable change is surfacing in Americans’ economic outlook. A historical pattern of high inflation has burdened household budgets across the nation, yet recent findings from the New York Federal Reserve indicate a surge in consumer optimism
In a noteworthy development for women’s sports, the startup basketball league Unrivaled has successfully completed a Series A funding round, amassing an impressive $28 million prior to its inaugural season. This achievement adds to the $7 million garnered in an earlier seed round, bringing the league’s total funds raised in 2024 to $35 million. Such
In an unusual display of cooperation, Congress is currently engaging in a significant dialogue regarding the Social Security Fairness Act. On November 12, the House of Representatives passed this critical piece of legislation with a convincing 327 to 75 vote. The bill primarily aims to abolish provisions that reduce Social Security benefits for approximately 2.8
Costco, the leading warehouse club retailer, recently unveiled its financial performance for the first quarter of fiscal year 2025, revealing a robust revenue of $62.15 billion. This figure slightly surpassed the analysts’ expectations of $62.08 billion, showcasing Costco’s capability to generate significant sales amidst challenging economic conditions. The company’s earnings per share (EPS) also demonstrated
The emergence of the Unrivaled basketball league marks a significant milestone in the landscape of women’s sports. This new 3×3 professional league is taking definitive steps to revolutionize women’s basketball within the United States, particularly by providing opportunities for women players during the WNBA offseason. The recent announcement of a multi-year partnership with Under Armour