US housing market
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...
Where’s the Fed Headed in 2014?
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The Federal Open Market Committee is arguably one of the most influential government committees you’ve never heard of. Although the FOMC may not be a household word, its decisions on the Federal Reserve’s monetary policies affect nearly every US household – and investor.
The FOMC is responsible...
Target’s Account Hack Can Happen Anywhere
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Even if you aren’t a Target shopper, the company’s recent card account hack affects you. As the giant retailer deals with the fallout from a major data breach that stole card data from 40 million accounts in its system, consumer advocates are warning that the Target hack points up major flaws in...
The Ven: An Eco-Friendly Digital Currency
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With the Bitcoin making world headlines, can other digital currencies be far behind? As the Bitcoin gains strength as a legitimate exchange for real goods all over the world, other kinds of digital monies are popping up too. And the creators of these specialized currencies are using the Bitcoin model...
It’s Official: Tapering Begins in January
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After months of waffling about the fate of its massive bond buying stimulus plan, the Federal Reserve has taken the financial world by surprise with its just-released announcement that it will begin “modestly” tapering the plan down in January 2014. While the news ended months of anticipation for...
2014: A New Year, A New Look to Mortgage Lending
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As the housing collapse recedes into memory, the housing market is finding new footing in a very different world dominated by a changed mortgage lending landscape. And, according to some economists, those changes are leading to a very different - and more optimistic - mortgage market for 2014 and beyond.
According...
Foreign Buyers Make Their Mark in Real Estate
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It’s no secret that the housing market has been showing signs of strength in key areas around the country. Interest rates, propped up by the Federal Reserve’s continued bond buying stimulus plan, are staying low and home prices are continuing to rise. But according to a recent report by the National...
Why Do Lenders Turn Borrowers Down?
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It’s tougher to get financing for buying real estate these days. Banks are issuing fewer loans, and imposing tougher standards on the loans they do issue. But those standards can vary from institution to institution – and some lenders may say yes to a home loan, while others may say no. The reasons...
A Stimulus Plan Architect Reveals the Truth
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The Federal Reserve’s massive bond buying stimulus program has been in and out of the news for months as the Fed hints at tapering it down, only to backpedal in light of changes to the economic picture. But even as the Fed continues its will they, won’t they dance, a former architect of the program...
Renting Out Your Home? Think Like a Landlord
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For many people, the first foray into creating income from real estate comes from renting out a home they already own. Life changes and economic conditions can quickly turn homeowners into landlords. But making that shift successfully requires re-thinking your role and your relationship to the property.
Change...
