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80 years old and underwater
Real Estate MattersBy Ilyce Glink and Samuel J. Tamkin Q: We live in Clayton County, Georgia, where the housing market is still not good. Our home was worth $200,000 in 1999 now it is worth $51,000. We still owe $101,000 on a first mortgage and $19,000 on a second...Tags: Services and Shopping, Money and Monetary Policy, Economy, Business and Finance, Condos, Real Estate
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JPMorgan must face lawsuit challenging mortgage fees
Reuters* Judge lets fraud, unjust enrichment claims go forward * Racketeering claims thrown out By Jonathan Stempel June 14 (Reuters) - JPMorgan Chase & Co must face a lawsuit accusing the largest U.S. bank of illegally imposing marked-up or unnecessary...Tags: Citigroup Incorporated, Economy, Business and Finance, Bank of America Corp., Justice System, Trials
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Bankers expect less stringent loan rules soon
In recent years, it's been tough for many Americans to qualify for a mortgage loan. Now, there are signs that standards are gradually loosening. The Federal Reserve's newest survey of senior loan officers shows that almost 10 percent of banks have eased...
Tags: Services and Shopping, Real Estate, Federal Reserve, Interior Policy, Politics
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Former Bank of America workers allege it lied to home owners
ReutersBy Michelle Conlin and Peter Rudegeair June 14 (Reuters) - Six former Bank of America Corp employees have alleged that the bank deliberately denied eligible home owners loan modifications and lied to them about the status of their mortgage payments...Tags: Target, Economy, Business and Finance, Bank of America Corp., Justice System, Bed Bath & Beyond Inc.
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Former Bank of America workers allege lies to homeowners
ReutersSix former Bank of America Corp. employees have alleged that the bank deliberately denied eligible home owners loan modifications and lied to them about the status of their mortgage payments and documents. The bank allegedly used these tactics to...Tags: Consumers, Target, Economy, Business and Finance, Bank of America Corp., Justice System
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Refinancing into shorter mortgages appears to grow more popular
WASHINGTON — The refinancing boom may be cooling down, but the move to shorter mortgages — especially 10-year loans among pre-retirees — appears to be accelerating. Some community banks say 10-year mortgages, once an insignificant...
Tags: Economy, Business and Finance, Federal Reserve, Retirement Planning Services, Rockville (Bethlehem, Pennsylvania), Freddie Mac
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Galewood Crossings at a crossroad
When its sales office opened in 2006, Enclave at Galewood Crossings was touted as an upscale, gated community of almost 200 single-family and multifamily homes built on the largest undeveloped piece of land left within the city limits. Now Chicago...
Tags: Services and Shopping, Prosecution, Justice System, Property, Minority Groups
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Homebuyers race to line up mortgage financing
Leisurely looking for a mortgage is a luxury South Florida homebuyers can't afford anymore. Sellers have seized control of the rejuvenated market. Strong competition for a limited supply of homes is forcing buyers to quickly arrange financing or face the...Tags: Services and Shopping, Economy, Business and Finance, Delray Beach, Real Estate Agents, Realty
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Investors favor non-agency mortgages, bank loans amid rate rise
ReutersCHICAGO (Reuters) - Money managers touted the advantages of non-agency mortgage securities and bank loans on Thursday on expectations that housing prices will accelerate and interest rates will rise. Yields on non-agency mortgages, which are mortgage...Tags: Economy, Business and Finance, Bank of America Corp., Federal Reserve, Shareholders, Personal Investing
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West DuPage news briefs: June 10
Wheaton Mortgage relief, flood aid available Two events to help DuPage County residents with mortgage relief and flood assistance will be held from 9 a.m. to 1 p.m. Saturday at the DuPage County Government Center auditorium, 421 N. County Farm Road,...Tags: Interior Policy, Financial and Business Services, Weather Warnings, FEMA, Politics
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Ocwen to buy mortgage servicing rights from OneWest Bank for $2.53 bln
ReutersJune 13 (Reuters) - Ocwen Financial Corp said it would buy mortgage servicing rights and related servicing advances from OneWest Bank for $2.53 billion. Under the deal, Ocwen will purchase about $78 billion in unpaid principal balances of mortgage...Tags: Ocwen Financial Corporation, Financial and Business Services
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Board should address water leak in crawl space
Q: We live in a garden unit of a four-unit condominium building, and when it rains, water infiltrates into our crawl space. We can smell a musty odor in our living area. We have been experiencing this issue for over two years now, and the association...
Tags: Federal Housing Administration, Condos
Jun 16, 2013
|Column| Tribune Media Services
Jun 14, 2013
|Story| Reuters
Jun 14, 2013
|Story| Allentown Morning Call
Jun 14, 2013
|Story| Reuters
Jun 14, 2013
|Story| Reuters
Jun 14, 2013
|Story| Los Angeles Times
Jun 16, 2013
|Story| Chicago Tribune
Jun 15, 2013
|Story| South Florida Sun-Sentinel
Jun 14, 2013
|Story| Reuters
Jun 10, 2013
|Story| Chicago Tribune
Jun 13, 2013
|Story| Reuters
Jun 14, 2013
|Column| Chicago Tribune
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