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FHA Mortgage Delinquencies Hit Record High With Economy Rattled

(Bloomberg) — Federal Housing Administration mortgages — the affordable path to homeownership for many first-time buyers, minorities and low-income Americans — now have the highest delinquency rate in at least four decades.The share of late FHA loans rose to almost 16% in the second quarter, up from about 9.7% in the previous three months and the highest level in records dating back to 1979, the Mortgage Bankers Association said Monday. The delinquency rate for conventional loans, by comparison, was 6.7%.Millions of Americans stopped paying their mortgages after losing jobs in the coronavirus crisis. Those on the lower end of the …read more […]

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2 “Strong Buy” Stocks Insiders Are Snapping Up

Every investor has a trick up his sleeve, some surefire plan or strategy for finding the right stocks to buy. But a wise investor always remembers: the best strategies are data-based, grounded in real-world information.And who has better information on the potential direction of a stock, than the company officers who oversee it? The advantage of following these insiders isn’t just that they are privy to data which the rest of us don’t necessarily know – it’s also that they are held responsible for their decisions. Company officers can’t just make trading choices based on personal preference or profit. They …read more […]

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UAE and Israeli Companies Sign Deal on Stem Cell Research

(Bloomberg) — Abu Dhabi Stem Cell Centers signed an accord with Pluristem Therapeutics Inc. to cooperate on research and development, the second such deal after the United Arab Emirates and Israel began normalizing relations.The memorandum of understanding “enables both parties to capitalise on their expertise in cell therapies & deliver regenerative medicine solutions,” Abu Dhabi Government Media Office said in a tweet.UAE-based APEX National Investment had earlier agreed to conduct research on the coronavirus with Israel’s TeraGroup.The UAE last week announced that it’s moving toward normalizing relations with Israel, joining Egypt and Jordan as the only Arab countries to do …read more […]

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Apple expands its independent repair shop program to Mac computers

Apple initially launched the program last year, but it only covered iPhones, the company’s biggest-selling product. Mac users previously either had to use Apple or an authorized warrant service provider to get fixes with parts directly from Apple. Apple last month reported an uptick of 21.6% in quarterly Mac sales to $7 billion as many employees shifted to working from home. …read more […]