Nomura, RBS 'crap' emails come into play in $1 billion mortgage bond trial
Private plaintiffs and U.S. regulators alike have seized upon internal emails from the likes of JPMorgan Chase & Co and Deutsche Bank AG calling the mortgage products they sold investors "lemons," "junk," and "pigs." The FHFA's case is the first to ... [...]
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Mortgage Relief Scammers Barred From the Market
According to the Federal Trade Commission, which shut down the phony mortgage relief operation in 2014, the Home Relief Foundation preyed on struggling homeowners, promising to lower mortgage interest rates and monthly house payments. [...]
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Should you pay extra on your mortgage?
If you're a homeowner, you've probably dreamed of that day when you finally send in your last mortgage check and own your home free and clear. Paying a little extra every month on your home loan is a way to make that dream a reality faster than you ... [...]
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Retire with Your Mortgage or Refinance?
If you are age 55 or older and plan to retire in a decade or so, you need to evaluate your retirement funds and your desire to pay off your mortgage before signing that refinance application. Financial planners have mixed feelings about whether ... [...]
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Yahoo launches feature-heavy mortgage calculator
Yahoo (YHOO) is joining fellow Internet search giant Google (GOOG) in offering a built-in mortgage calculator, available both within searches and as standalone page. Yahoo users now see a native mortgage calculator when conducting searches for like, ... [...]
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The case for not paying off your mortgage by retirement
Traditional retirement advice typically calls for paying off the mortgage and reducing debt as much as possible before moving on to what's sure to be a smaller paycheck. Tom Anderson says that's a big mistake. Anderson, author of “The Value of Debt in ... [...]
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Bernanke Was Right: Interest Rates Aren't Going Anywhere
This brings to mind something former Federal Reserve Chairman Ben Bernanke let slip at a big-ticket dinner earlier this year, as reported by Reuters: Interest rates would not return to normal — at around 4 percent — in his lifetime, as the Fed would ... [...]
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Mortgage lenders need to use TILA/RESPA to their advantage
In the wake of upcoming TILA/RESPA disclosure integrations and the growing mound of regulatory requirements, many in the industry seem to be focused on staying afloat with compliance rather than capturing new market share. Mortgage disclosures and ... [...]
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Mortgage rates fall as Treasury yields decline
The anxiety leading up to what the Federal Reserve might do at its most recent meeting had caused mortgage rates to creep up recently. But after the Fed's assurance last week that it wouldn't raise rates until the economy was ready, the home loan ... [...]
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