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Opinion: I just don’t get watching organized sports
  + stars: | 2024-06-06 | by ( David G. Allan | ) edition.cnn.com   time to read: +5 min
It’s usually these professional sport high holidays where I’m cornered into admitting I’m sports agnostic. The winning and losing of watching professional sports is a faux drama, a soap opera with injuries. The difference is, of course, that the wins and losses of politics don’t benignly reset at the start of the next season. It’s the watching, and caring about, professional sports as an adult that eludes my understanding. Forgetting who he was talking to, he began his explanation by comparing his home team to another professional underdog team.
Persons: CNN —, I’m, I’d, , Jerry Seinfeld, I’ve, don’t, David Allan I’m, me, Jesse, It’s, Taylor Swift Organizations: CNN, NBA, Baltimore Orioles, Orioles Locations: Brooklyn, Baltimore
The withdrawal risk of quitting antidepressants
  + stars: | 2024-06-05 | by ( Kristen Rogers | ) edition.cnn.com   time to read: +7 min
Roughly 15% of participants who discontinued antidepressants experienced withdrawal symptoms such as dizziness, headaches, nausea, insomnia and irritability, according to the review published Wednesday in the journal The Lancet Psychiatry. The review is the first publication of a larger project on antidepressant withdrawal symptoms, the authors said. The authors also discovered the medications most often linked with withdrawal symptoms were desvenlafaxine, venlafaxine, imipramine and escitalopram. The rate of withdrawal symptoms in pharma-funded studies was about the same as trials not funded by pharmaceutical companies. The study didn’t provide information on the duration of withdrawal symptoms, but other research suggests they can last for up to two weeks in most cases, Keedwell said.
Persons: , Jonathan Henssler, ” Henssler, Sameer Jauhar, Jauhar wasn’t, ” Jauhar, Christiaan Vinkers, weren’t, Tony Kendrick, , ” Kendrick, Henssler, Jauhar, Oliver Howes, Howes wasn’t, Paul Keedwell, wasn’t, Keedwell, ” Keedwell Organizations: Lifeline, CNN, neurosciences, Charité — University Medicine, King’s College London, Pharmaceutical, pharma, Amsterdam University Medical Center, University of Southampton, Cleveland Clinic, Royal College of Psychiatrists Locations: United Kingdom, Berlin, England
“We saw that with the mRNA (messenger RNA) vaccines that it can be a good messenger,” says Cech. The Catalyst by Thomas R. Cech W W NortonYou mentioned in “The Catalyst” that research on RNA has been around since the ‘50s. What is something that most people get wrong about mRNA vaccines, such as the Covid-19 ones? Thomas R. Cech in a lab in 1984, five years before he won the Nobel Prize in Chemistry. How does this apply to DNA, RNA, mRNA and CRISPR?
Persons: you’re, , Thomas R, Cech, ” Cech, Sidney Altman, he’s, Norton, It’s, Thomas R . Cech, Organizations: CNN, Pfizer, DNA, University of Colorado, Denver Post, Rotary Clubs, Lions Locations: Moderna, University of Colorado , Boulder, Boulder , Colorado, China, Cambridge , Massachusetts, United States, Germany
Just ask Black rugby player and England international Sadia Kabeya, who says a lack of cultural and ethnic diversity in her sport took a toll on her identity. Representation mattersA 2020 report by Sport England showed that the participation share of White British adults in rugby union was more than 90%, 8.2% higher than the national population share. A lack of diversity in the sport in England is also reflected in the demographics of rugby audiences. Kabeya is particularly passionate about the topic of Black rugby players’ hair. Its significance runs deep, given the historical links between Black hair and identity and also resistance.
Persons: Kabeya, , , ” Kabeya, Maud Muir, Lucy Packer, David Rogers, you’re, White, ” “, ” Jatin Patel, weren’t, Luther Burrell, Burrell, ” Patel, Ashton Hewitt –, , ” Hewitt, Hewitt, Tyler Miller, Liam Scott, Scott, Mike Hewitt, Patel, George Floyd Organizations: CNN — Elite, England, CNN Sport, Rugby Football Union, RFU, Rugby, Rugby Players Association, Nations, Richmond Women, CNN, Six Nations, Getty, Loughborough Lightning, Sport England, Diversity, Daily Mail, Newcastle Falcons, Dragons, United Rugby, Leinster, rugby, Ireland, Twickenham, Pictures Locations: , England, London, Richmond, Wales, Dublin, Black
The media is in meltdown over Caitlin Clark
  + stars: | 2024-06-04 | by ( Allison Morrow | ) edition.cnn.com   time to read: +4 min
New York CNN —The male-dominated sports media apparatus is stumbling over Caitlin Clark. He later apologized for using the slur, emphasizing that his broader thesis was that Clark’s star power created a halo around a league that’s been languishing in obscurity. “I was talking about how I hoped that the WNBA and sports media, ex-WNBA players, would show a little bit more respect to Caitlin Clark for what she has brought to the WNBA,” McAfee said on his show Tuesday. The league those women built has always been a physical one, a fact that Clark herself acknowledged in a postgame news conference. Much like Clark, the mainstream sports media is new to the WNBA.
Persons: Caitlin Clark, hasn’t, Chennedy, Clark, Pat McAfee, Clark —, ” —, , ” McAfee, it’s, McAfee, Charles Barkley, , Victoria Uwumarogie, Barkley, ” Clark isn’t, She’s “, who’ve, ” Uwumarogie, Monica McNutt, ” McNutt, Stephen A, Smith, huff, ’ ” McNutt Organizations: New, New York CNN, ESPN, Indiana, WNBA, TNT, CNN, Warner Bros . Locations: New York, Indiana, America, Iowa
How AI could supercharge the Vision Pro
  + stars: | 2024-06-04 | by ( Samantha Murphy Kelly | ) edition.cnn.com   time to read: +9 min
It could also boost sales of the pricey Vision Pro, which has reportedly and unexpectedly received a production cut. During its most recent earnings call, CEO Tim Cook said more than half of the Fortune 100 companies have already bought an Apple Vision Pro. But while it’s unclear when generative AI will come to the Vision Pro, Nygugen said: “It’s only a matter of time.”That’s because the Vision Pro is merely just another interface – much like a tablet, laptop, or watch, that touches Apple’s ecosystem. The Vision Pro, the tech giant's $3,499 headset, is its first major release since the Apple Watch nine years ago. “Vision Pro just came out a few months ago and it needs to get its feet under it before it really starts to take off,” Llamas said.
Persons: it’s, Tim Cook, It’s, Siri, , Tuong, , Nygugen, ” Nygugen, Angela Weiss, Ming Chi, Kuo, Jeremy Bailenson, Bailenson, Ramon Llamas, Apple, ChatGPT – Organizations: CNN, Developers, Google, Samsung, Vision, Fortune, Apple Vision, Gartner, Apple, Apple Watch, Getty, Vision Pro, Stanford, VR, IDC, Microsoft, Locations: Cupertino , California, New York City
CNN —Ancient rock engravings in what’s now South America — believed to be among the largest in the world — were meant to mark the boundaries of the territories inhabited by their makers, according to a new study. The rock art at Cerro Pintado, about 42 meters long, includes a giant snake, a human figure, a mask motif and a multilegged creature. Philip Riris et al. Monumental rock art of a snake tail in Colombia dwarfs the humans in this image. A close-up shows a detail of rock art on Picure Island, Venezuela.
Persons: South America —, Philip Riris et, , Philip Riris, , Riris, they’re, ” Riris, weren’t, don’t, constricting, José Oliver, Natalia Lozada Mendieta —, Oliver, Lozada Mendieta, George Lau, Dr, Alexander Geurds, Geurds, doesn’t, ” Geurds, Organizations: CNN, Venezuela —, Cerro Pintado, Bournemouth University, University College London, Universidad de Los, Colombian, Venezuelan, University of East, University of Oxford Locations: what’s, South America, Venezuela, Colombia, Pintado, Cerro, Cerro Pintado, United Kingdom, Universidad de Los Andes, Americas, University of East Anglia, American
As his son tapped home to clinch his first PGA Tour title at the RBC Canadian Open on Sunday, Dougie MacIntyre – the head greenskeeper at Glencruitten Golf Club in Oban, Scotland – simultaneously became a PGA Tour-winning caddie. Tears flowed freely for father and son as the duo soaked up the weight of the achievement on the 18th green. “I’m crying with joy, but I’m laughing because I didn’t think it was possible,” MacIntyre, a first-time PGA Tour victor on his 45th start, told CBS Sports. I’m a grasscutter not a caddie,” 59-year-old MacIntyre, wiping away tears, added to CBS Sports. In a video call with his mother shared by the PGA Tour on X, formerly known as Twitter, MacIntyre warned her of the level of revelry expected to follow.
Persons: Robert MacIntyre’s, Dougie MacIntyre –, Scotland –, MacIntyre, Martin Laird, ” MacIntyre, , , Frank Gunn, Scott Carmichael, Charles Schwab Challenge, , Bob …, Bob MacIntyre, , caddies, Dad, I’m, Nathan Denette, ” –, MacIntyre –, Mackenzie Hughes, MacIntyre – steadied, reassurances –, , that’s, Ben Griffin, Tom Kim, Rory McIlroy Organizations: CNN, RBC Canadian, Golf, Hamilton Golf, Country Club, PGA, CBS Sports, Canadian Press, Ryder, Team Europe, Hamilton Country Club, Twitter Locations: Oban, Scotland, Ontario, Scottish, Rome, America Orlando, Pinehurst, North Carolina
Doctors found the woman’s alcohol levels could range between 30 millimoles per liter and 62 millimoles per liter — below 2 millimoles per liter is normal, Zewude said. “I know of over 300 people diagnosed with auto-brewery syndrome and we have over 800 patients and caregivers in our private Facebook support group,” said Cordell, who was not involved in the new case. “But it wasn’t until the seventh visit that an emergency room doctor finally said, ‘I think this sounds like auto-brewery syndrome,’ and sent her to a specialist,” Zewude said. Since 1974, 20 diagnosed cases of auto-brewery syndrome have been reported in English medical literature, according to an April 2021 review. “I believe many people may walk around feeling foggy and just think they are tired when they might be fermenting alcohol.”‘A metabolic storm’There are risk factors for auto-brewery syndrome.
Persons: , , Rahel, Doctors, Zewude, Barbara Cordell, Cordell, , , ” Zewude, Fahad Malik, Malik, Candida, It’s, ” Cordell, Probiotics Organizations: CNN, University of Toronto, Research, Facebook, Toronto, Canadian Medical Association, United Heath Services, State University of New York, Medical University, ” Auto, Locations: Toronto, Binghamton , New York, Africa, Japan, North Carolina
CNN —German national soccer coach Julian Nagelsmann condemned a “racist” poll which asked participants if the team has enough White players, in a press briefing on Sunday. Nagelsmann said it was madness that the broadcaster asked this question and said he agreed with midfielder Joshua Kimmich who described the poll as racist a day earlier. Another of the questions asked in the ARD survey was whether it’s a “pity that the current captain of the German national team has Turkish roots.” Gundogan is the team’s captain. In April, German soccer authorities said they would redesign the number “4” on the country’s national jerseys amid claims it resembles a logo used by Nazi paramilitary units. Euro 2024 host Germany will kick off the month-long tournament against Scotland at Munich’s Allianz Arena on June 14.
Persons: Julian Nagelsmann, Nagelsmann, Joshua Kimmich, , Europe who’ve, Ilkay Gundogan, Leroy Sane, Antonio Rudiger –, Gundogan, Stefan Matzke, Kimmich, ” “, ” Kimmich, Karl Valks, Organizations: CNN, German, ARD, BBC, Nazi, German Football Association, DFB, Schutzstaffel, Scotland, Munich’s Allianz Arena Locations: Germany, Europe, , Turkish
New York CNN —Anchor Brewing, America’s oldest craft brewer, closed last summer after more than 127 years in business. Anchor closed in July 2023 and its former parent company Sapporo USA put it up for sale after facing years of declining sales. Despite Ulukaya’s excitement about reviving the 127-year-old brand, the craft beer business has been in decline as drinkers shift to spirits and cheaper alternatives. “The brand struggled because it kept relevance with longtime, committed craft beer enthusiasts, but rarely registered with young people or casual drinkers,” Roth said. “Focusing on Anchors legacy, stature, and part of American craft beer history could help the brewery form new emotional connections with drinkers.”
Persons: it’s, Hamdi Ulukaya, Brewing’s, Ulukaya, , Anchor’s, Jose Sarmento Matos, there’s, ” Bryan Roth, ” Roth Organizations: New, New York CNN, Brewing, LinkedIn, San, Sapporo, Bloomberg, Getty, San Francisco, Feel Goods Company, CNN Locations: New York, San Francisco, California, Sapporo USA, Sapporo, Potrero Hill
FORT WORTH, Texas — What do you get for the nine-time national all-around champion who has everything? Simone Biles earned the Texas token as a trophy Sunday night after clinching the top spot at the U.S. Gymnastics Championships with a total score of 119.750 (60.450 on Day 1, 59.300 on Day 2). Biles capped her winning all-around performance on the uneven bars, coasting through in her typical speedy fashion to score a 14.400. Tokyo silver medalist Jordan Chiles climbed to fifth in the all-around standings behind a big 14.100 floor routine while 2020 floor Olympic gold medalist Jade Carey finished seventh.
Persons: Simone Biles, Biles, Skye Blakely, Suni Lee, Kayla DiCello, Lee, didn’t, Jordan Chiles, Jade Carey, DiCello, Leanne Wong, Brody Malone, Michigan’s Frederick Richards, Stanford’s Kohi Young, Elsa, Getty Organizations: U.S, Paris Olympic, Olympic Trials, Olympic Locations: Texas, Tokyo, Paris
CNN —The guilty verdict against Donald Trump in his New York hush money trial is a momentous news story in itself. What’s far less clear, and what no polling can predict, is the effect it will have on voters’ willingness to support Trump in the presidential election. Fifteen percent said they’d be more likely to vote for Trump and 17% that they’d be less likely to do so. Take the roughly one-quarter of Trump supporters in the NPR/PBS/Marist poll who said that a conviction would increase their chances of supporting him over President Joe Biden. The best gauge of any immediate, tangible effect on voters’ preferences might be polls of the presidential race.
Persons: Donald Trump, That’s, , Trump’s staunchest, Joe Biden, Trump, aren’t, , They’ve Organizations: CNN, Trump, NPR, PBS, Marist, Reuters, Republicans, Biden Locations: New York, Quinnipiac
Even though it was operational for only about a week, the pier helped deliver some 1,000 metric tons of aid into Gaza before breaking apart. That’s well short of the military’s goal of moving 500 tons of aid per day over the pier. The risks however were deemed too great at the time, with unpredictable winter weather and heavy fighting in Gaza. “We assumed a lot of risk in using a military operation for this purpose,” a second senior administration official added. Deputy Pentagon spokesperson Sabrina Singh emphasized that the solution to aid to Gaza remains the land crossings.
Persons: Joe Biden, , Biden, It’s, , they’re, Christine Wormuth, JLOTS, Nikos Christodoulides, Benjamin Netanyahu, Weeks, , Vedant Patel, Sabrina Singh, Max, , don’t Organizations: CNN, White House, US Central Command, Army, “ Army, US, Pentagon, Technologies, Maxar, Trident, US Army Central, Reuters, State Locations: Gaza, West, Israel, Rafah, Australia, Virginia, Haiti, Cyprus, France, , Ashdod
Lucy Yu wasn’t sure if she had smoke in her lungs or was having an anxiety attack. Five days earlier, on the Fourth of July, she had raced out of her bookstore in Manhattan’s Chinatown as it filled with smoke. She had assembled a team of friends to pack up the books that weren’t damaged beyond repair and put them in storage. She walked outside and sat down on a stoop next door, as her friends comforted her and brought her water. Her once-vibrant store, Yu & Me Books, needed a gut renovation to remove mold and smoke residue.
Persons: Lucy Yu wasn’t, Yu Locations: Chinatown
But Meryl and Tim had talked all evening, into the early hours, gradually shuffling closer and closer to one another. And while it had only been five days, Meryl felt certain Tim was “the right person.”“I’d dated other people, and I just never clicked with them,” she says today. Meryl RivettWhen Meryl and Tim crossed paths in September 1981, Meryl was 29. Tim felt the same way. Meryl felt that assuredness too.
Persons: Meryl Gage, Meryl, Tim Rivett, Tim, We’re, we’re, they’d, , , Meryl wriggled, ’ ”, “ I’d, South America Tim, Tim's, Meryl Rivett, She’d, Karen, ’ ” Meryl, Here's Tim Rivett, Meryl Rivett Tim, who’d, , “ Meryl, England, Meryl Rivett That’s, hadn’t, gobsmacked, Mike, Jack, , “ I’m, ” Meryl, Meryl’s, Lisa, Meryl she’d, Tim didn’t, Paul, he’d, Meryl –, Meryl Rivett –, Tim weren’t, , – Tim, Aussie, they’ve, Tim –, ” Tim, who’ve, They’ve, Tim aren’t Organizations: CNN, CNN Travel, South America, Florida State, Miami Beach Locations: South America, South, Florida, backpacked, Europe, London, Kathmandu, Australia, New Zealand, Southeast Asia, Queensland, America, Rio de Janeiro, England, Asia, Nepal, India, Miami, Brazil, Argentina, Iguazu, Patagonia, Colombia, Buenos Aires, Tierra del, Chile, , Central America
In New York, where Trump was convicted, there are “collateral consequences” of being convicted of a felony. In Florida, felons lose civil rights, including the ability to hold public office and serve on a jury. Trump is a Florida resident, and Florida defers to New York law on the question of felons voting. In New York, convicted felons cannot obtain a permit to possess a firearm. That’s not at issue in this New York case, and it’s not going to happen when Republicans control the House as they currently do.
Persons: CNN — Donald Trump’s, Trump, Kathy Hochul, Will Trump, Juan Merchan, Merchan, Anthony Guglielmi, , That’s, it’s, Michael Cohen, Fani Willis, Cy Vance Jr, Manhattan DA Alvin Bragg Organizations: CNN, New, Trump, Republican National Convention, Secret Service, United States Secret Service, Supreme, Security, Sunshine State, Senate, Fulton, National Archives, Manhattan DA Locations: New York, Florida, Milwaukee, United, Canada, Mexico, Australia, China, South Africa, Georgia, Fulton County, Washington , DC
Instead, Trump delivered a rambling monologue that was filled with false claims on subjects ranging from the Manhattan trial to immigration to tax policy. He said this time that “you have violent crime all over this city at levels that nobody’s ever seen before.”Facts First: Trump’s claim is not even close to true. Michael Cohen’s crimesCriticizing key prosecution witness Michael Cohen, Trump repeated a claim he made during the trial in April. Facts First: There is no basis for Trump’s claim. It was dead.”Facts First: Trump’s claim is false.
Persons: Donald Trump, Trump, New York City Trump, Michael Cohen’s, Michael Cohen, Cohen, , Robert Mueller, Trump’s, ” Cohen, , ” Trump, Biden, Joe Biden, Alvin Bragg’s, , Bragg, Matthew Colangelo, Colangelo, Judge Juan Merchan, Merchan, Bradley Smith, Rather, Smith, Congo ’ Trump, Africa –, Patrick Muyaya Katembwe, ” Serge Mombouli Organizations: Washington CNN, New York City, New, Trump, Republican, Intelligence, Biden, DOJ, of Justice, federal, Department, Democrat, Justice Department, Congo, Democratic, CNN, PAC, Nord Locations: Manhattan, New York, , New York City, New York City, , Russia, Moscow, York’s, Congo, Democratic Republic of Congo, Republic of Congo, Africa, United States of America, Republic of, Germany, Russian, Trump’s, Ukraine
The center, a division of the National Weather Service, issued a modern geomagnetic storm watch, known as a G2, for Friday and Saturday. Unlike the G5, or extreme geomagnetic storm, that occurred on May 10, moderate storm watches are not uncommon, according to the center. But the aurora-causing solar flares and coronal mass ejections currently spewing from the sun are a result of the same sunspots that triggered solar activity in May, according to Dr. Ryan French, solar physicist at the National Solar Observatory in Boulder, Colorado. “The frequency of things is decreasing, but you only need one to cause a large geomagnetic storm. The solar storm on May 10 was the most successfully mitigated space weather storm in history, Dahl said.
Persons: Ryan French, Lokman Vural, “ It’s, , Shawn Dahl, Dahl, ” Dahl, , That’s, there’s Organizations: CNN, United, National Oceanic, Prediction, National Weather Service, Anadolu Agency, Getty, Solar Dynamics, auroras, , European Space Agency Locations: United States, Midwest, New York, Idaho, Boulder , Colorado, Rochester , New York, Sweden, South Africa
Excluding the more volatile categories of food and energy, the core PCE price index slowed for the month, rising 0.2% as compared to a 0.3% gain in March. On an annual basis, the core PCE price index held steady at 2.8%. Forecasts called for the monthly and annual increases in the overall and core index to be unchanged from March, according to FactSet consensus estimates. While the overall PCE price index is technically used as the Fed’s target rate, the core index has received more attention from Fed officials because it provides a clearer lens into how underlying inflation is behaving. Consumer spending also cooled for the month, rising just 0.2% as compared to the 0.7% increase recorded for March.
Organizations: CNN, Inflation, Federal Reserve, Fed, Commerce Department
The Met Office had earlier warned that a volcanic eruption was likely following “intense seismic activity” at the crater and a build-up of magma in its underground reservoir. “Lava is flowing outside the defense walls at Grindavík in several places, and lava is also starting to flow outside the walls at Svartsengi,” Víðir Reynisson from Iceland’s Civil Defense told RUV. Another volcanic eruption is seen from a helicopter flight for the fifth time since December on the Reykjanes peninsula in southwestern Iceland on May 29, 2024. The site is part of southwest Iceland’s Reykjanes Peninsula — a thick finger of land pointing west into the North Atlantic Ocean from Reykjavik. Rather than having a central volcano, the Reykjanes Peninsula is dominated by a rift valley, with lava fields and cones.
Persons: RUV, ” Reynisson, Defense’s Reynisson, Benedikt Ófeigsson, Organizations: CNN, Iceland’s, Met Office, Iceland’s Civil Defense, Almannavarnadeild, Getty, Iceland’s Met, Iceland’s Ministry of Foreign Affairs Locations: Iceland, Grindavík, Hagafell, Svartsengi, Anadolu, Reykjavik
PinnedTing Shen for The New York TimesTing Shen for The New York TimesCredit... Ting Shen for The New York TimesBruhat Soma held his trophy high after winning the second-ever spell-off at the Scripps Bee. The Scripps National Spelling Bee on Thursday came down to its second-ever spell-off, a fast-and-furious tiebreaking round that rewards speed as much as accuracy. Image Credit... Ting Shen for The New York TimesThe next competitor, Aditi Muthukumar, was asked to spell Lillooet, a Salishan people of the Fraser River valley in British Columbia. Immediately after Aditi came Bruhat, the night’s eventual champion, who correctly spelled “Okvik,” from an Alaskan geographical name. Image Credit... Ting Shen for The New York TimesFaizan, who is from the Dallas area, came in second place after spelling 20 words correctly in the spell-off.
Persons: Ting Shen, The New York Times Ting Shen, Soma, Faizan Zaki, Bruhat, Rishabh Saha, , Rishabh, The New York Times Shrey Parikh, , Ananya Prassanna, YY Liang, Kirsten Santos, “ Jumano, Aditi Muthukumar, Aditi, “ Okvik, The New York Times Faizan Organizations: The New York Times, The New York Times Credit, Scripps Bee, Scripps, Spelling, Texas, Bee, Lone Star State, Texans Locations: Tampa, Fla, , Philippines, Southwest, South Plains, Lillooet, Fraser, British Columbia, Texas, Dallas, United States, spellers, California, New York
For almost a decade, Donald J. Trump has done, said and survived things that would have doomed any other politician. The polls cannot tell us how voters will respond to the unprecedented verdict. Most voters weren’t even paying close attention to the trial, and asking voters about hypotheticals is always fraught. It’s possible he won’t lose any support at all. While Mr. Trump has survived many controversies, he has also suffered a political penalty for his conduct.
Persons: Donald J, Trump, MAGA, haven’t Organizations: hypotheticals
The Scripps National Spelling Bee on Thursday came down to its second-ever spell-off, a fast-and-furious tiebreaking round that rewards speed as much as accuracy. When the results were tallied, Bruhat — a 12-year-old from Tampa, Fla. — came out on top with a superhuman total of 29 correct words, seven more words than the previous spell-off winner in 2022. If you weren’t able to watch the finals on Thursday night, here are three takeaways. The difficulty of the finals was immediately apparent: The first speller onstage, Rishabh Saha, misspelled “desmotrope,” a chemistry term. As an eighth-grader, Rishabh will not be eligible to compete in the 2025 Scripps Bee.
Persons: Soma, Faizan Zaki, Bruhat, Rishabh Saha, , Rishabh Organizations: Scripps, Spelling, Scripps Bee Locations: Tampa, Fla,
Zero-down mortgages are making a comeback
  + stars: | 2024-05-30 | by ( Matt Egan | ) edition.cnn.com   time to read: +8 min
That massive roadblock is being removed by a new zero-percent down mortgage program launched two weeks ago by one of the nation’s largest mortgage lenders. ‘Demand has been huge’These mortgages are only open to first-time homebuyers and those making no more than 80% of the area’s median income. That’s because in order to refinance at a lower rate, the homeowner would need to fully pay off that second mortgage. For instance, Bank of America launched a zero-down payment mortgage program in 2022 for first-time homebuyers in certain Black and Hispanic neighborhoods. “These mortgages are going to be ticking time bombs – just like subprime mortgages –unless home prices continue to increase very substantially,” Kelleher said.
Persons: Mat Ishbia, homebuyers, Christian Petersen, refinances, UWM, ” Alex Elezaj, they’d, , Patricia McCoy, McCoy, won’t, Bankrate, , Anneliese Lederer, ” Lederer, ” Dennis Kelleher, ” Kelleher, Jonathan Adams, ” UWM, Elezaj, , ” Elezaj, ” It’s, “ We’re, Greg McBride, Adams, ” Adams Organizations: CNN, United Wholesale Mortgage, Phoenix Suns NBA, Phoenix Suns, NBA, Oklahoma City, Footprint Center, Boston College Law School, Consumer Financial Protection Bureau, Federal Reserve, Bank of America, US Department of Agriculture, US Department of Veterans Affairs, Center for Responsible, Better, Saint Joseph’s University, Bankrate, , Wall Street Locations: Phoenix , Arizona
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