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- Steamline Refinance, Verification of EmploymentForum: FHA Loans, Requirements & Rates Posted By: twojp Post Time: 05-24-2012 at 10:30 AM […]
- Best Place to liveForum: Best Places to Live Posted By: miamirealest Post Time: 05-24-2012 at 10:11 AM […]
- Secured loan against paid off house... good credit, income under the tableForum: Home Equity Loan Posted By: entrepreneurguy Post Time: 05-24-2012 at 09:38 AM […]
- bank profits, shows how much they aren't hurtingForum: The Lounge - Anything goes here! Posted By: marvelrules Post Time: 05-24-2012 at 09:35 AM […]
- Need some advice...HAMP application in reviewForum: Wells Fargo Home Mortgage Posted By: brandoncheah Post Time: 05-24-2012 at 09:22 AM […]
- Do I need to be concerned about "added charges?"Forum: Deed in Lieu of Foreclosure - Do You Need Help to Walk Away? Posted By: Ricky Suerte Post Time: 05-24-2012 at 09:07 AM […]
- edited posting for unbiased advise on FHA Mod through BofAForum: Bank of America Home Loans Posted By: EsawyertoriEvenpatterson Post Time: 05-24-2012 at 08:09 AM […]
- 2012 Michigan foreclosure time lineForum: Stop Foreclosure and Tell Us Your Story Posted By: michiganboa Post Time: 05-24-2012 at 08:06 AM […]
- Wanted: Lender successful at closing Freddie Mac HARP CONDO refisForum: Refinance Posted By: flacondoer Post Time: 05-24-2012 at 06:42 AM […]
- Bank of America recently charged our HELOC offForum: Bank of America Home Loans Posted By: holdingtohope Post Time: 05-24-2012 at 06:04 AM […]
Bank News, Banking
State AG Eric Schneiderman Shouldn’t Have Used Negotiations with Banks as Fund-Raising Tools
(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.
Credit and Debit Card Perks on the Chopping Block
(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 [...]
Banks Waive Fees For Hurricane Irene Victims
(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 [...]
3 Questions on Financial Stability
(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 [...]
Pawnshops Over Bank Of America
(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 [...]
Banks, State Reach a Deal
(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 [...]
Bank of New York Mellon Chief Resigns in a Shake-Up
(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.
New York’s New AG Stands Up to Big Banks
(Source: Chron) – So here’s Eric Schneiderman, of whom you’ve probably never heard, who last year was elected attorney general of the state of New York, a job that arguably makes him the third most-influential state officeholder in the nation, [...]
Is Another Bank Bailout Brewing?
(Source: MarketWatch By Kurt Brouwer) – If you thought the $800 billion TARP program was the end of our government’s bailout bonanza for wayward banks, you’re wrong. If you thought the Fed’s secret $1.2 trillion loan program for foreign and [...]
Bank of America Kept AIG Legal Threat Under Wraps
(Source: Reuters By Lauren Tara LaCapra) – Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was [...]
Wells Fargo Jumps on Commercial Deals
(Source: Wall Street Journal BY ELIOT BROWN) – At a time when the U.S. banking sector is reducing its exposure to commercial real estate, Wells Fargo & Co. has taken a different approach: expanding lending to the sector while also [...]
Banks Waive Fees in States Hit by Irene
NEW YORK (Source: By Candice Choi, AP Personal Finance Writer) — Several banks are waiving a variety of fees for customers hard hit by Hurricane Irene.
Banks Ring Up Their Cash-Strapped Customers to Warn Them: ‘Ditch Mobiles and Gym Membership or Lose Your Home’
(Source: Daily Mail Online By Chris Brooke and Becky Barrow) – Cash-strapped homeowners are being telephoned by their banks and told to cut spending on ‘luxuries’ – or risk losing their homes.
French Banks Hold €7.6 Billion in Libya Assets
PARIS (Source: Wall Street Journal BY DAVID GAUTHIER-VILLARS) — French banks hold €7.6 billion ($10.98 billion) in Libyan assets that were frozen under a February resolution passed by the United Nations Security Council in response to Libya’s Col. Moammar Gadhafi’s [...]
Recession Leaves Many in Permanent Cutback Mode
(Source: By Sandra Block, USA TODAY) – The native of Guyana and former Marine carried balances on his credit cards, went out to dinner at least five times a week, and didn’t pay attention to the price of gas.
Big Banks Need to Fess up to Losses
(Source: The Wichita Eagle) – Whenever the leadership class feels nervous, you can count on some of them to offer the less-moneyed masses a bone to demonstrate they care. Warren Buffett says his idea of “shared sacrifice” is higher taxes [...]
Is Bank of America Doomed?
(Source: The Atlantic) – While most big U.S. banks appear to have recovered fairly well from the financial crisis, Bank of America continues to struggle. Its instability stems in large part from its acquisition of mortgage giant Countrywide in 2008. [...]
Switch Banks NOW: Here’s How
(Source: Business Insider) – I’m going to go Don Draper on you guys for a second: There was a time… long ago… when a man didn’t fear his bank; his bank feared him. It aimed to please him, and both [...]
Swedish Banks May Follow Nordea Job Cutting to Buoy Profit
(Source: Bloomberg By Adam Ewing) – Swedish banks may follow Nordea Bank AB (NDA), the country’s biggest lender, in shedding jobs to lower costs as a slowing economy and stricter capital rules curb profit growth.
Hot and Cold Zones of San Diego Real Estate
(Source: Sign on San Diego by Lily Leung) – San Diego software engineer Paul Xu and his wife, Yaling, are expecting in December, so they’re scouting for something newer and bigger than their circa-1990s home in Mira Mesa to fit [...]
Buffett BofA Buy No Seal of Approval
(Source: Politico By JONATHAN MACEY) – The lead news story across America on Friday was Warren Buffett’s $5-billion investment in Bank of America. Bank of America’s value has been plummeting on concerns about its ability to raise the necessary capital [...]
Central Banks Cannot Go Bust—But Can Cause Trouble
(Source: By: Patrick Allen CNBC) – With speculation growing that the Fed could pull the trigger on QE3 next month and the ECB buying up bonds in the euro zone, analysts at ING in Amsterdam have been asking if it [...]
Europe Snubs IMF Call to Force-Feed Bank Capital
Aug 29 (Source: Reuters By Jan Strupczewski and Edward Taylor) – Europe gave a cool reception to a demand from the International Monetary Fund’s new head Christine Lagarde to force its banks to bulk up their capital, saying the continent [...]
Greek Banks to Merge, Form Nation’s Biggest Lender
ATHENS, Greece (Source: Forbes By NICHOLAS PAPHITIS) – Greece’s second and third largest lenders, Eurobank and Alpha Bank, on Monday announced plans to merge in order to better withstand the country’s acute financial crisis.
Profits Falling, Banks Confront a Leaner Future
(Source: New York Times By ERIC DASH) – Battered by a weak economy, the nation’s biggest banks are cutting jobs, consolidating businesses and scrambling for new sources of income in anticipation of a fundamentally altered financial landscape requiring leaner operations.
Charles Schwab Sues Banks Over Rate Manipulation
(Source: DealB%%k By KEVIN ROOSE) – Charles Schwab, the brokerage firm and investment manager, sued 11 major banks on Tuesday, claiming they conspired to manipulate a borrowing benchmark used to set interest rates.
U.S. Banks Seek Relief on Swelling Deposits
(Source: Bloomberg By Dakin Campbell, Dawn Kopecki and Bradley Keoun) – U.S. regulators have asked some banks to take more deposits from large investors even if it’s unprofitable, and lenders in return are seeking relief on insurance premiums and leverage [...]
Has Warren Buffett Just Called the Bank Bottom?
NEW YORK (Source: CNNMoney By Paul R. La Monica) — Bank of America CEO Brian Moynihan has a new BFF. His name is Warren Buffett. Heard of him?
Profit and Strain for China Banks
BEIJING (Source: The Wall Street Journal BY LINGLING WEI) — China’s big banks reported hefty profits in the first half of this year, but signs of strain are showing from their massive lending binges and as they struggle to meet [...]
More Transparent Bank Stress Tests Are Needed
(Source: New York Times) – Europe and the United States both need to conduct another round of stress tests on their banks, with a model similar to what was done in the United States in 2009, but with a more [...]
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