NewsWatch: The feared jumbo mortgage debacle is here — thanks to the coronavirus — and ready to pound the housing market

This post was originally published on this site

MARKETWATCH FRONT PAGE

COVID-19 pandemic is squeezing borrowers’ ability to stay in their homes, writes Keith Jurow. See full story.

Dow edges higher as investors eye China-U.S. tensions, while investors watch for earnings from Tesla, Microsoft

U.S. stocks rose slightly at the start of Wednesday’s trade as investors readied for corporate results from major corporations, including Tesla and Microsoft after close, and watched rising Sino-American testiness. See full story.

Stock-market timing guru Tom Demark says S&P 500 will see 3,500 before peaking

Tom DeMark says that the S&P 500 index has more room to run up, according to a report from Bloomberg News on Tuesday. See full story.

Trump says coronavirus pandemic will ‘probably, unfortunately’ get worse before it gets better

President Donald Trump said Tuesday the coronavirus pandemic would probably worsen before improving, but said getting a vaccine is a “top priority” and “we’re going to get it taken care of.” See full story.

‘Fed Accounts’ for all — with automatic and recurring payments triggered by economic crises

So-called Fed Accounts, created at no charge for every American by the Federal Reserve, would provide an alternative to financial services that prey on the unbanked and the underbanked populations. See full story.

MARKETWATCH PERSONAL FINANCE

Residential real estate turns out to be a solid portfolio diversifier, writes Mark Hulbert. See full story.

Add Comment