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Workforce information solutions company $EFX said as per its Equifax National Consumer Credit Trends Report, first mortgage originations for subprime borrowers have grown from Jan. to Oct. 2015 with more than 312,000 new mortgages originated totaling $50.7Bil. This is a 28% increase in first mortgage originations and 45% increase in total balances.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.