Taking Stock of Four Years of Dodd-Frank
The president's promise of “never again,” also echoed earlier words of Ben Bernanke, then the chairman of the Federal Reserve. At a televised forum the previous summer, he justified the bailouts: “it wasn't to help the big firms that we intervened,” he ... [...]
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New rules on reverse mortgage designed to make loans safer for elderly
A reverse mortgage allows homeowners who are 62 or older to borrow against the equity in their homes without having to make payments, provided that the home remains their primary residence. Once the homeowners move or die, the loan must be paid ... [...]
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Cavuto: Mortgage Rates Tumbling, So Why Aren't You Buying?
Economists and real estate experts offer a variety of reasons for this mortgage malaise. Some argue it's still pretty tough to qualify for a loan, and bankers aren't making it any easier, demanding more upfront money from borrowers to avoid any of the ... [...]
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Pam Bondi Joins Federal-State Mortgage Rescue Fraud Sweep
This sweep highlights recent enforcement actions and resolutions of the federal and state participants against operators of fraudulent mortgage rescue or loan modification schemes that scammed consumers into paying large upfront fees but did little or ... [...]
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Jumbo Mortgage Rate Falls To 14-Month Low
The latest Treasury bond rally continues to benefit anyone looking to buy a home, as mortgage rates, which tend to follow Treasury yields, remain close to 2014 lows. The average 30-year fixed-rate mortgage rate weighed in at 4.13% this week, per ... [...]
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Mortgage Interest Rate Deduction: Do We Really Need It?
My stance in last week's article about the home mortgage interest deduction being inherently unfair to some taxpayers stirred up a considerable amount of controversy. I argued that childless renters making a good income tend to be on the losing end ... [...]
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Morgan Stanley to Pay $275 Million in Mortgage Case
Morgan Stanley and securities regulators finalized a $275 million settlement on Thursday stemming from the Wall Street bank's role in the sale of securities backed by subprime mortgages. In a regulatory filing in February, Morgan Stanley disclosed that ... [...]
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Agricultural Bank of China to Tweak Mortgage Policy
"The bank will adjust the mortgage policy for first time-homebuyers, and the exact details of the policy adjustments and timing could be made at our bank branches in Shanghai," Agbank said in a response to a query from The Wall Street Journal late ... [...]
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7 Tips to Secure the Best Mortgage
Even though interest rates continue to hover at the lower end of the spectrum, shopping for a mortgage is still a tricky process, especially if you're doing it for the first time. But don't fret. These seven steps will help you navigate the treacherous ... [...]
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