A quick word of warning before you make your way through this article: In the beginning of this article, we are going to discuss some complicated subject matter. And after teaching traders the nuances of the Forex market for the past few years, I’ve noticed that many traders don’t like mathematics. For those folks, the first part of this article may be treacherous. BUT – after the first part, we offer a very simplistic way to accomplish the same goal. So, if you abhor mathematics or even if you just want to get to the ‘easy way,’ feel free to scroll down to ‘The Easy Way...continue
Home buyers are encountering new hurdles to getting a mortgage thanks to the government shutdown.
As the shutdown enters its tenth day, some lenders are delaying mortgage approvals and others are refusing applications entirely. Originations of mortgages backed by the U.S. Department of Agriculture, which are given to buyers in rural areas, came to a halt after the agency shut down last week. Separately, some lenders say it’s taking longer to process mortgages that are insured by the Federal Housing Administration, which has been operating with a limited staff since the shutdown. And some lenders are not originating mortgages at all until they can once again verify applicants’ income with the Internal Revenue Service, which is shut down. As the shutdown drags on, even more mortgage applications could be derailed. “The first day we weren’t too concerned, but now we are a week in and procedural issues are starting to affect more loans,” says Mark Goldman, a senior loan officer at San Diego-based mortgage brokerage C2 Financial Corp...continue MADRID (MarketWatch) -- U.S. stock-market futures were piling on losses early Wednesday as investors grew increasingly worried about political loggerheads over the budget and the potential impact on debt-ceiling negotiations. A European Central Bank meeting and an Italian vote of confidence on the government there are also on the cards for Wednesday. Futures for the Dow industrials DJZ3 -0.66% fell nearly 100 points, or 0.7%, to 15,021, while those for the Standard & Poor's 500 index SPZ3 -0.76% fell 12.70 points, or 0.8%, to 1,676.70. Futures for the Nasdaq 100 index NDZ3 -0.66% dropped...continue
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