ATLANTA, Sep 06, 2011 (Source: MarketWatch) — Wells Fargo & Company WFC -2.85% announced today it is hosting a free Home Preservation Workshop in Atlanta for Wells Fargo Home Mortgage, Wells Fargo Financial, Wachovia Mortgage and Wells Fargo Home Equity [...]
(Source: tucsoncitizen by Kate Kaemerle) – This teenager built his own tiny home in his parent’s backyard. It’s 130 square feet, has a sleeping loft, an electrical hookup and he’s planning his kitchen. He plans to live in it when [...]
NEW YORK, Sept. 6 (Source: UPI) – U.S. banks are balking at an offer by state officials to limit their blame for alleged improper mortgage practices in return for a multibillion-dollar payment.
LONDON, Sept 6 (Source: Reuters Breakingviews) – Just when investors in European and U.S. banks thought things couldn’t get worse, 17 financial institutions have been sued over $196 billion-worth of toxic mortgage bonds. Bank shares fell up to 12 percent [...]
(Source: ftalphaville Posted by Izabella Kaminska) – Here’s an interesting view on the consequences of the SNB’s move from Societe Generale’s Sebastian Galy.
(Source: Business Insider) – Drama and backstabbing! Shopping sprees! Lavish events and parties! Cat fights!
(Source: New York Daily News) – Given the extraordinary prosecutorial power he wields, state Attorney General Eric Schneiderman has a special duty to avoid any hint that his actions are guided by political considerations.
(Source: Forbes Tom Groenfeldt) – Not especially, according to an IBM report which surveyed more than 2,000 financial executives.
Fact 1 (Source: The Globe and Mail) – The European debt crisis has taken a turn for the worse:
NEW YORK (Source: CNNMoney By Ben Rooney) — After a summer fraught with uncertainty, investors in Europe returned this week from holiday to find the eurozone sovereign debt crisis may actually be getting worse.
Sept. 6 (Source: Bloomberg) — Gold’s rally above $1,900 an ounce shows no signs of a “bubble” as central banks continue to boost money supply that has helped spur bullion to a record, according to investor Marc Faber.
WASHINGTON (Source: CNNMoney) – To many Republicans and business leaders, there’s little doubt: The health care law and sweeping new Wall Street regulation — two of President Obama’s signature legislative victories — are causing uncertainty and killing jobs.
(Source: Bloomberg By Sophia Pearson) – Nevada asked a U.S. judge to terminate a settlement with Bank of America Corp. (BAC) over home-loan modifications tied to its Countrywide mortgage unit, saying the company hasn’t complied with terms of the accord.
(Source: LA Times) – Bank of America Corp. has put another giant piece of the Countrywide mortgage empire on the auction block — the correspondent lending arm, which buys closed home loans from mortgage bankers, commercial banks and other loan [...]
(Source: Bloomberg Businessweek) – Nevada’s attorney general wants a federal judge in a big mortgage fraud case to set aside an earlier consent judgment so the state can sue Countrywide Financial Corp. and Bank of America for consumer fraud.
(Source: The Boston Globe By Jenifer B. McKim) – New guidelines aimed at standardizing the way home appraisals are conducted will result in confusion, delays, and higher costs in an already vulnerable housing market, according to many home-appraisal professionals.
(Source: CBS News) – Drama and backstabbing! Shopping sprees! Lavish events and parties! Cat fights! But, on a more serious note, there has also been a rash of headlines involving bankruptcy, foreclosures and short sales.
(Source: USA Today By Ed Perkins) – If you regularly use your debit (ATM) card to make purchases, or if your card earns airline miles or other rewards, get ready for fewer benefits and more fees. New regulations cap the [...]
(Source: Time MoneyLand By Martha C. White) – Americans along the East Coast, especially in the Northeast, are still grappling with the aftereffects of Hurricane Irene. Many have no power and a smaller number have been displaced from their homes [...]
(Source: The New York Times By SIMON JOHNSON) – The Dodd-Frank financial legislation of 2010 created a Financial Stability Oversight Council, tasked with taking an integrated view of risks in and around the financial sector in the United States. Known [...]
(Source: Seeking Alpha) – The troubles at the banks like Citigroup (C) and Bank of America (BAC) are no secret. Their performance over the last 1, 3, 5, and 10 years has been miserable. You will not find very many [...]
(Source: The Wall Street Journal BY LIZ RAPPAPORT) – The mortgage industry will take a step toward cleaning up some of its most controversial practices under a deal between a New York regulator and three financial firms, including Goldman Sachs [...]
(Source: New York Times By SUSANNE CRAIG) – Bank of New York Mellon’s chief executive and chairman, Robert P. Kelly, stepped down late Wednesday because of “differences in approaches to managing the company,” the bank said.
(Source: BBB) – Boise, Idaho . . . Gavin Gee, director of the Idaho Department of Finance, today warned that a company calling itself Freedom Companies Marketing, Inc., Freedom Companies, Inc., Freedom Companies Lending, and Freedom Financial Mortgage (Freedom) has [...]
SEAL BEACH (Source: Press Telagram By Tracy Manzer) — A Seal Beach real estate agent has been charged with 34 felony counts in connection with a scheme that saw victims buy into a fake investment pool to the tune of [...]
(Source: The Press Enterprise BY LESLIE BERKMAN) – Two men have been arrested by the San Bernardino County district attorney’s real estate fraud unit and charged with forgery and recording fake documents in an alleged scheme to defraud homeowners trying [...]
(Source: The Washington Post By Brady Dennis) – A recent and acrimonious dispute among state officials over a possible legal settlement to address nationwide mortgage abuses is underscoring basic questions about what the effort should accomplish.
BOSTON (Source: MainStreet By Jerold Leslie) – Fears of a “double-dip” recession and the possibility of a widening European debt crisis have lowered U.S. mortgage rates to levels not seen in more than half a century.
Aug. 31 (Source: Bloomberg Businessweek By Zeke Faux and Jody Shenn) – Standard & Poor’s is giving a higher rating to securities backed by subprime home loans, the same type of investments that led to the worst financial crisis since [...]
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