Australia in No Rush to Cool Housing Market Amid Mortgage Risks
Australia is still working on possible tools to strengthen mortgage-lending practices and cool an unbalanced housing market, the chairman of the nation's banking regulator said today. The Australian Prudential Regulation Authority is looking at the ... [...]
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US-Backed Mortgages Put to Test in an Innovative Lawsuit
When Hayward Ferrell of Huber Heights, Ohio, fell behind on his mortgage payments several years ago, his bank did not meet with him to try to work out a plan to make the loan easier to pay, he says. “They never sat me down and said, 'It looks like you ... [...]
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Understanding the pitfalls of reverse mortgages
Here's how the Federal Trade Commission defines a reverse mortgage: "In a 'regular' mortgage, you make monthly payments to the lender. In a 'reverse' mortgage, you receive money from the lender, and generally don't have to pay it back for as long as ... [...]
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Startup Spotlight: CardTapp builds custom apps for mortgage, real estate …
The Bellevue-based startup builds customized apps that help real estate agents, mortgage professionals, and insurance agents connect with their clients. CardTapp took off after co-founder and CEO Ben Brashen saw overwhelming interest in an app he ... [...]
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Mortgage applications head lower again
After posting their first gain in 4 weeks, mortgage applications are down again. The Mortgage Bankers Association (MBA) reports its Mortgage Applications Survey for the week ending November 21 shows applications were down 4.3% from the previous week. [...]
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30-year fixed-rate mortgage stays below 4% in latest week
WASHINGTON (MarketWatch) -- The benchmark 30-year fixed-rate mortgage fell to 3.97% in the week ending Nov. 26, down from 3.99%, mortgage buyer Freddie Mac said Wednesday. The 15-year fixed-rate mortgage averaged 3.17%, the 5-year ... [...]
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Bank of America mortgage judgment clears way for $16.7B accord
A final judgment against Bank of America Corp. in a mortgage-bond lawsuit by the U.S. Securities and Exchange Commission was signed by a federal judge, helping clear the way for the lender to complete a $16.7 billion global settlement of claims it ... [...]
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Can we switch to a buy-to-let mortgage?
Q We own a one-bedroom flat in north London. We bought it in 2007 for £300,000 with a mortgage of 85% of its value and, according to some property websites, it is now worth nearly £500,000. We currently let the flat out and the rental income of £1,840 ... [...]
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BERNANKE: People In Washington Need To Drink More
He remained at the helm as the Fed led the economy out of the crisis using unprecedented amounts of easy monetary stimulus. For years, he and the Fed were the target of intense criticism from legislators. Charles Schwab's Liz Ann Sonders recently ... [...]
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