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Mortgage Lenders Open Doors to Low Credit Scores

Mortgage Lenders Open Doors to Low Credit Scores


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Lending standards took a tighter turn this past January; making it harder for many would be homebuyers to get a mortgage – and fueling fears of a slowdown in the recovering housing market. But in spite of those new requirements, some lenders are making their own decision to loosen mortgage standards....

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Natural Disasters Raise Issues For Landlords

Natural Disasters Raise Issues For Landlords


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The recent mudslide in Oso, Washington left at least 39 people dead and caused property damage in the millions of dollars. But that slide, like many other natural disasters before it, also sparked new debate about the rights and obligations of homeowners in the aftermath of catastrophic events. And landlords...

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New Mortgage Standards Limit First Time Buyers

New Mortgage Standards Limit First Time Buyers


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By many indications, the housing recovery is still on the upswing. Mortgage rates remain on the low side and homes are available in most markets. So why aren’t first time buyers taking the plunge into homeownership? Changing financial situations and today’s tighter lending standards may be squeezing...

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Your Social Security Number: the Key to Your Identity

Your Social Security Number: the Key to Your Identity


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They began as a simple filing system for claims, but today the nine digits of the Social Security number hold the key to nearly every American’s identity. Children need them to enroll in school. You need them to enter a hospital, apply for a loan, or take out a store credit card. And if they’re stolen,...

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Are Dodd-Frank Regulations Destroying Smaller Banks?

Are Dodd-Frank Regulations Destroying Smaller Banks?


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And then there were . . . none? The nation’s small banks and independent financial institutions seem to be disappearing at a rapid rate. While the demise of these regional and local banks may be nothing more than a blip on the financial industry’s radar, market watchers say the loss of the “little”...

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Can Women Beat Men at Investing?

Can Women Beat Men at Investing?


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There’s a new book out by LouAnn Lofton and the folks at investing site The Motley Fool, called “Warren Buffett Invests Like a Girl: And Why You Should Too.” While investing like a girl might make testosterone driven deal chasers flinch, it turns out that a number of studies now show that women...

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BofA Settles with Borrowers on Forced Insurance

BofA Settles with Borrowers on Forced Insurance


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The nation’s three biggest banks, already poster children for a variety of fraudulent practices, have now added insurance fraud to the list of offenses that keep bringing them to court. In the latest round, the problem has to do with “force-placed” homeowner insurance that charged property owners...

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Chase Admits Hiding More Loan Fraud

Chase Admits Hiding More Loan Fraud


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More dirty laundry continues to air in the mortgage lending industry as US Department of Justice investigations keep leading to more charges of bad loan practices against the nation’s biggest banks. The latest round has JP Morgan Chase paying $614 million for violating the False Claims Act with bad...

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Delinquent Mortgages Hit New Lows

Delinquent Mortgages Hit New Lows


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By many benchmarks, the housing market’s recovery continues, with rising home prices, more new construction and even a safer lending environment for mortgage applicants. But casting a long shadow over all these rosier indicators is the vast and stagnant foreclosure market, which in its various forms...

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Shadow Banking Affects the Fate of Home Mortgages

Shadow Banking Affects the Fate of Home Mortgages


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It sounds like something from a science fiction movie: a shadow world that exists alongside the one we know. But “shadow banking” – an unregulated, opaque world of financial dealings that functions alongside usual commercial banking practices – is very real. And the transactions these institutions...

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