NEW YORK (Source: The Wall Street Journal)–The Knights of Columbus, an organization tied to the Catholic Church, on Tuesday raised the stakes in its fight against Bank of New York Mellon Corp. (BK) for failures to carry out duties as [...]
(Source: NCPA) – Starting this fall, Virginia high schools join a handful of states, including Missouri, Utah and Tennessee, that mandate a class in financial education.
CHICAGO, Aug 17, 2011 (Source: Marketwatch) — Northern Trust, a leading provider of financial services for individuals, families and institutions, announced today that Jason Tyler of Ariel Investments LLC will be named Head of Corporate Strategy and Market Development.
(Source: khaleejtimes) – Lieutenant General Dhahi Khalfan Tamim, Commander in Chief of Dubai Police, has advised caution on real estate development in the emirate, while calling for regulation of new projects.
(Source: Forbes) – Since Standard & Poor’s downgraded the United States’ credit rating, the financial markets have ping ponged hundreds of points per day, dropping to 2008 levels only to inch back up. The July jobs report highlights a national [...]
NEW YORK (Source: MSNBC) — China Real Estate Information Corp.’s second-quarter net income slid 59 percent, burdened by higher expenses and absent a hefty tax refund.
(Source: Forbes Nathan Vardi) – Bank of America has been besieged by mortgage-backed securities lawsuits, spooking investors who fear the bank’s liability from its Countrywide Financial unit will continue to balloon and overwhelm the bank. The day American International Group [...]
(Source: Reuters) – Bank of America Corp may settle a state and federal probe of foreclosure practices in a deal that lets New York proceed with an inquiry into securitizations, Bloomberg reported citing two people with direct knowledge of the [...]
(Source: Daily Finance By Ron Dicker) – A new report emerged Tuesday that Wells Fargo (WFC) will begin charging some customers $3 every month to use their debit card — further indication that banks are putting on the squeeze as [...]
(Source: The Detroit Free Press) – For 18 months, saving the little house on the slab foundation and her organic garden became Ann Damon’s full-time job.
(Source: Detroit Free Press By JENNIFER DIXON) – Kim Orsi’s bank told her she needed to earn more money to qualify for a federal loan modification program. So she started a pet-sitting business, only to be told she made too [...]
(Source: New York Daily News) – A judge shut down a Long Island mortgage brokerage accused of ripping off hundreds of struggling homeowners through loan modification scams.
(Source: MoneyWatch By Ilyce Glink) – Another instance of tax payer bailout dollars backfiring against the citizens of Main Street?
NEW YORK (Source: Reuters) – Bank of America Corp <BAC.N> won what could prove a legal victory as eight mortgage securities lawsuits against its Countrywide unit were combined into a single case before a federal judge who has ruled favorably [...]
(Source: Bloomberg By Karen Freifeld) – Goldman Sachs Group Inc. (GS) was sued by Allstate Insurance Co. over the sale of more than $100 million worth of residential mortgage-backed securities that the insurer claims the bank itself called “junk” and [...]
(Source: Bloomberg By David McLaughlin) – A possible settlement of a 50-state probe of foreclosure practices drew more state scrutiny as Nevada’s attorney general joined three other states in voicing concern about a deal that protects banks from continuing mortgage [...]
(Source: North Jersey.com BY KATHLEEN LYNN) – Four major mortgage lenders were cleared Monday to start filing foreclosure cases in New Jersey again, almost eight months after the state’s chief justice halted most foreclosures following reports of legal irregularities.
(Source: CVBT) – Buy? Or rent? The numbers come down in favor of buying in three out of four of the nation’s largest cities, according to the real estate information company Trulia Inc. of San Francisco.
NEW YORK (Source: CNNMoney By Les Christie) – Home prices have taken such a beating and demand for rental units has increased so much that it’s now cheaper to buy a two-bedroom home than to rent one in most major [...]
(Source: Bloomberg By Phil Mattingly) – U.S. regulators given new powers to dismantle “too-big-to-fail” financial firms are still working to draw up so-called living wills — a central component of the toolkit needed to prevent future bailouts.
Aug. 16 (Source: Bloomberg) – Hedge funds run by John Paulson, George Soros and Steve Mandel cut back on bank shares in the second quarter, before Citigroup Inc. and Bank of America Corp. lost more than one-fifth of their value.
(Source: LA Times Blogs) – At least before the latest market turmoil, banks were making it a little easier for businesses to get non-real estate loans, according to the Federal Reserve.
(Source: WCTV) – During the Florida real estate boom of the mid-2000s, one of the most lucrative ways to make a living — or commit fraud — was to be a mortgage broker.
NORWALK, Iowa (Source: By Adam Belz, USA TODAy) — Alesia Harlan plopped the thick folder on the desk and started flipping through papers.
(Source: Daily Finance By Catherine New) – Some homeowners in their 50s are taking advantage of historic low rates to refinance their homes and score themselves a mortgage-free retirement.
(Source: Seeking Alpha By David Urani) – Mortgage applications were up by 21.7% last week from the previous week, according to the Mortgage Bankers Association. We see some pretty big swings in this data at times, but this is a [...]
(Source: Colin Campbell, Press TV, Washington) – But the FBI is saying that isn’t the case for all realtors. In fact, crimes involving mortgages are on the rise. Mortgage and investment schemes targeting troubled U.S. homeowners jumped in 2010 and [...]
(Source: The Real Deal Online) – The total dollar amount of Manhattan assets classified as distressed has halved since 2008, Crain’s reported, a sign that the market is rebounding at a healthy pace.
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