On Economic Stupidity
After all, Paul Ryan, the speaker of the House, not only berated Ben Bernanke, Ms. Yellen's predecessor, for policies that allegedly risked inflation (which never materialized), but he also dabbled in conspiracy theorizing, accusing Mr. Bernanke of ... [...]
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Morgan Stanley to Pay $3.2B for Ending Mortgage Probe
Morgan Stanley (MS - Analyst Report) has joined the league of other major Wall Street banks with its decision to end its pre-crisis period mortgage probe. The company agreed to pay $3.2 billion to the federal and state regulators for resolving claims ... [...]
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Yes, Refinance Your Mortgage Now!
But the uncertainty could be good news for homeowners looking to refinance their mortgages: They're now facing the lowest 30-year fixed rates since May 2013. The national average for a 30-year fixed mortgage hit a three-year low of 3.78% this week, ... [...]
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Morgan Stanley to pay $3.2B to end mortgage probe
Morgan Stanley is paying $3.2 billion — the largest fine in its history — to settle claims that it sold investors faulty mortgage-backed bonds in the run-up to the financial crisis. The Wall Street bank peddled the securities to investors even though ... [...]
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Mortgage rates could cross a record low
Who knew? The Federal Reserve raised its funds rate barely two months ago, and all that worry about higher interest rates for mortgage borrowers ended up being positively unwarranted. The average rate on the popular 30-year fixed mortgage began a free ... [...]
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Fitch: Stable Instalments Shorten German Mortgage Loan Terms
(The following statement was released by the rating agency) FRANKFURT/LONDON, February 12 (Fitch) The average loan terms of German residential mortgages are falling as the amortisation portion of instalments has increased in response to low interest ... [...]
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Big banks are fleeing the mortgage market
While there's widespread agreement that banks should have been reined in — and perhaps punished — after playing a major role in the housing bubble that helped tank the economy, the past few years have been tough for banks' mortgage businesses. [...]
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Homeowners become mortgage-free for life
A handful of Central Florida homeowners have defied the odds doing what most people only dream of: they walked away from their mortgage. Audrey Sterling battled foreclosure for 8 years first filing bankruptcy then challenging the fifth lender to hold ... [...]
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Morgan Stanley to Pay $3.2 Billion to End Government Mortgage Probes
Morgan Stanley will pay $3.2 billion to complete agreements with the U.S. Justice Department and several states to resolve civil charges that it misled investors about the quality of mortgage bonds it sold in the run-up to the 2008 financial crisis ... [...]
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