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Fed: Some borrowers shortchanged in foreclosure settlement
Nearly 100,000 troubled borrowers were shortchanged on payments from Goldman Sachs Group Inc. and Morgan Stanley & Co., the Federal Reserve said — money intended to compensate for possible errors and abusesduring foreclosure proceedings in 2009...
Tags: Federal Reserve, Bank of America Corp., Mortgages, Goldman Sachs Group, Inc., Morgan Stanley Dean Witter & Company
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Mortgage rates tick up, Freddie Mac says: 30-year fixed at 3.42%
Fixed mortgage rates have reversed course and ticked upward, with lenders offering 30-year home loans at an average of 3.42% compared with 3.35% last week, according to the latest Freddie Mac survey. The typical rate for a 15-year fixed mortgage rose...Tags: Mortgages, Labor Markets, Freddie Mac, Loans
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Foreclosure auctions rise in Cook County
Almost 3,000 residential properties in Cook County were scheduled for foreclosure auctions in April, a level not seen since August 2010. The 2,945 scheduled residential auctions compares with 1,563 in March and 1,844 in April 2012, according to data...
Tags: Auction Service
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READER SUBMITTED: Serow Joins Savings Institute In East Hampton
East HamptonJamie Serow has been named branch manager for the Savings Institute Bank & Trust's East Hampton office, according to Jonathan Wood, Savings Institute Bank & Trust Company senior vice president Retail Banking. Ms. Serow brings diverse financial services...Tags: Middlesex County (Connecticut), Middletown, Business, Marketing, Willimantic (Windham, Connecticut)
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Are your mortgage modification terms worth continuing payments?
Financially strapped homeowners who are close to foreclosure may want to face the music now rather than continuing to struggle with their monthly payments. There's a high probability of losing the house anyway, even with the government's help. According...Tags: U.S. Department of the Treasury, Federal Reserve, Mortgages, Economy, Business and Finance, Central Bank
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Freshman senator with senior pluck takes on the financial industry
WASHINGTON — Sen. Elizabeth Warren, the newest member of the Senate Banking Committee, waited patiently for her first chance to question top financial regulators at a recent hearing on Capitol Hill. When her turn finally came after 90 minutes,...
Tags: Scott P. Brown, U.S. Securities and Exchange Commission, Fannie Mae, Banking, Boston Marathon Bombing (2013)
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GOP may seek to tie debt ceiling deal to tax code changes
WASHINGTON — In a little more than a week, the U.S. will hit its debt limit — and the maneuvering has begun against a backdrop of the mid-2011 drama that led to the nation's first-ever credit downgrade. An improving economy and higher taxes,...Tags: Economy, Business and Finance, Credit and Debt, Steny Hoyer, Budget Control Act of 2011, Elections
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U.S. Postal Service lost $1.9 billion in 2nd quarter
The U.S. Postal Service lost $1.9 billion during its second quarter -- and losses will continue mounting if Congress doesn't pass legislation giving the beleaguered mail carrier more flexibility in how it runs its operations, the postmaster general said...
Tags: U.S. Congress, U.S. Postal Service, Government Postal Delivery, Mail Order Industry, Labor Legislation
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Data breaches persist despite heightened security
Earlier this year, some employees of Schneider Electric of Palatine got an unwelcome surprise in a letter about the stock purchase plan in which they participate. Visible through the address window were their Social Security numbers. One of Schneider's...
Tags: Elgin, Criminals, Boy Scouts of America, LivingSocial, Inc., Crime, Law and Justice
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Woman fights to keep house
South Bend TribuneA series of setbacks led to a Mishawaka woman's home being sold at a county tax sale, and a St. Joseph County judge is weighing whether she was adequately warned that her house was in jeopardy. Meanwhile, attorneys and judges around the state are...Tags: Crime, Law and Justice, Mortgages, Accounting and Auditing, U.S. Supreme Court, Rentals
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Fannie Mae to pay U.S. $59.4 billion after record quarterly profit
WASHINGTON -- Bailed-out housing finance giant Fannie Mae said Thursday it would pay the U.S. government $59.4 billion after posting a record profit for the first three months of the year. The fortunes of the company, which is 80% owned by taxpayers...
Tags: Federal Bailout Funds, Economy, Business and Finance, Fannie Mae, Freddie Mac, Finance
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Mortgaging hopes
More people believe "it is now a good time to buy a home," says Jim Bryant, a Wells Fargo mortgage consultant. But that doesn't mean they are able to do so. "They come in because they know interest rates are low and they want to buy," Bryant says....Tags: Real Estate Buyers, Economy, Business and Finance, The Finish Line Incorporated, Mortgages, Services and Shopping
May 9, 2013
|Story| Los Angeles Times
May 9, 2013
|Story| Los Angeles Times
May 9, 2013
|Story| Chicago Tribune
May 12, 2013
|Story| Hartford Courant
May 10, 2013
|Story| Los Angeles Times
May 10, 2013
|Story| Los Angeles Times
May 9, 2013
|Story| Los Angeles Times
May 10, 2013
|Story| Los Angeles Times
May 12, 2013
|Story| Chicago Tribune
May 12, 2013
|Story| South Bend Tribune
May 9, 2013
|Story| Los Angeles Times
Apr 28, 2013
|Story| Allentown Morning Call
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