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Son's ex-wife not cooperating with short sale
Board-certified real estate lawyer Gary M. Singer writes about the housing market at SunSentinel.com/housekeys each Friday. To ask a question, go to SunSentinel.com. Q: My husband and I co-signed a loan for our son and his now ex-wife. Our son stayed...Tags: Bankruptcy, Services and Shopping, Real Estate, Crime, Law and Justice, Justice System
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Short sales routinely show up in credit reports as foreclosures
WASHINGTON — Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather...
Tags: Fannie Mae, Economy, Business and Finance, Consumers, Finance, Housing Industry
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Rethinking the virtues of owning your home
The Arizona Daily Star, TucsonThe virtue and financial sense of homeownership -- and the second-class status of renters -- are pervasive ideas in America, but housing experts are reconsidering the conventional wisdom. "We have one long-standing paradigm, that mortgage-based...Tags: University of Arizona, Russia, Cornell University, Economy, Business and Finance, Finance
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Another former Seeno employee pleads guilty, agrees to help feds
The Contra Costa TimesA former Seeno employee pleaded guilty in federal court Thursday to paying bribes to a mortgage broker to help secure home loans for homebuyers, according to federal prosecutors. Jason Sterlino, 34, of Hercules -- a former sales manager with Discovery...Tags: Bank of America Corp., Trials, Lawyers, Walnuts, Punishment
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U.S. judge blocks $13 million arbitration award against SunTrust
Reuters* Judge finds fund not a customer under FINRA rules * Turnberry sought at least $13 mln in arbitration * Case focused on mortgage-backed securities By Nate Raymond NEW YORK, May 17 (Reuters) - SunTrust Banks Inc won an court order on Friday preventing...Tags: Derivative Securities, Economy, Business and Finance, Finance, SunTrust Banks Incorporated, Crime, Law and Justice
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CORRECTED-U.S. judge blocks $13 million arbitration against SunTrust
Reuters(Removes "award" from headline) * Judge finds fund not a customer under FINRA rules * Turnberry sought at least $13 mln in arbitration * Case focused on mortgage-backed securities By Nate Raymond NEW YORK, May 17 (Reuters) - SunTrust Banks Inc won...Tags: Derivative Securities, Economy, Business and Finance, Finance, SunTrust Banks Incorporated, Crime, Law and Justice
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Judge blocks $13 million arbitration against SunTrust
ReutersNEW YORK (Reuters) - SunTrust Banks Inc won a court order on Friday preventing a Connecticut-based hedge fund from moving forward with a $13 million arbitration over mortgage-backed securities. The ruling by District Judge Naomi Reice Buchwald in...Tags: Derivative Securities, Raymond James Financial Incorporated, Economy, Business and Finance, Finance, SunTrust Banks Incorporated
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WRAPUP 2-Fed hawks unite in call to retreat from mortgage stimulus
ReutersBy Kristen Hays and Francesca Landini HOUSTON/MILAN, May 16 (Reuters) - A trio of hawkish regional Federal Reserve officials are calling for the U.S. central bank to stop buying mortgage-backed bonds, citing recent improvement in the housing market....Tags: Derivative Securities, Economy, Business and Finance, Lehman Brothers Holdings Inc., Finance, Ben Bernanke
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Fed buys $17.3 billion of mortgage bonds, sells $2.2 billion
ReutersNEW YORK (Reuters) - The Federal Reserve bought $17.3 billion of agency mortgage-backed securities from May 9 through May 15, a tad less than the $17.8 billion it purchased last week, the New York Federal Reserve Bank said on Thursday. In a move to...Tags: Derivative Securities, Fannie Mae, Freddie Mac, Central Bank, Securities
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Canada's Harper says household debt not his biggest worry
ReutersNEW YORK, May 16 (Reuters) - Canada's soaring consumer debt is backed by solid assets, Prime Minister Stephen Harper said on Thursday, saying he was more worried about economic problems outside the country. Canadian households now owe C$1.65 for every...Tags: Economy, Business and Finance, Consumers, Finance, Stephen Harper
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Fed balance sheet grows in latest week
ReutersNEW YORK (Reuters) - The Federal Reserve's balance sheet grew in the latest week as the central bank's holdings of U.S. Treasuries increased, Fed data released on Thursday showed. The Fed's ownership of mortgage bonds guaranteed by Fannie Mae , Freddie...Tags: Fannie Mae, Freddie Mac, Politics, Government, Bonds
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PROFILE-Bond guru Gundlach of DoubleLine goes prime time
ReutersBy Sam Forgione and Jennifer Ablan NEW YORK, May 16 (Reuters) - Bond investor and co-founder of DoubleLine Capital LP, Jeffrey Gundlach fancies himself as more than just a fixed-income guru, making successful predictions on everything from shares in...Tags: Fannie Mae, The TCW Group, Inc., Economy, Business and Finance, Finance, Inflation and Deflation
May 17, 2013
|Story| South Florida Sun-Sentinel
May 17, 2013
|Story| Los Angeles Times
May 17, 2013
|Story| McClatchy-Tribune
May 17, 2013
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|Story| Reuters
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May 16, 2013
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