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Topix.net | 18-May-2012 08:35
Household energy costs 'soaring'
The cost of household energy has risen more than five times faster than household income since 2004, according to a study.
Topix.net | 18-May-2012 04:25
US 30-year mortgage rate falls to record 3.79 pct.
Stock futures are falling, with unease about Europe overshadowing what is expected to be another positive U.S. employment report and also some big numbers from the world's largest retailer.
Topix.net | 18-May-2012 02:15
Mortgage Rates Hit Record Lows - Again
Buying a home just got even cheaper as interest rates on both 30-year and 15-year-fixed-rate mortgages set record lows for the third week in a row.
Topix.net | 17-May-2012 22:06
Home buying at most affordable level in decades
Nearly 78 percent of homes sold during the first quarter were affordable to those earning the national median income of $65,000, according to a report released Thursday by the National Association of Home Builders and Wells Fargo.
Topix.net | 17-May-2012 17:56
US 30-Year Mortgage Rate Falls
Average U.S. rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week.
Topix.net | 17-May-2012 17:56
Foreclosures Fall To Lowest Level Since 2007
Total foreclosure activity for April, including default notices, scheduled auctions and bank repossessions, was down 5% from March, according to RealtyTrac.
Topix.net | 17-May-2012 14:41
Report: Fewer US homes foreclosed upon in April
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Topix.net | 17-May-2012 10:27
Bank of America hiking relocation aid for troubled homeowners
Charlotte-based Bank of America Corp. is offering a new nationwide program that increases relocation payments to delinquent mortgage customers who complete qualifying short sales.
Topix.net | 17-May-2012 06:17
Foreclosed Americans Find Way Back to Home Ownership
When Jennifer Anderson's family could no longer afford their mortgage and lost their home, she expected many years to pass before they would again become property owners.
Topix.net | 17-May-2012 02:07
ABN Amro Q1 earnings fall on Dutch recession
ABN Amro, the state-owned Dutch bank, has reported a 32 percent fall in first-quarter profits, reflecting the ongoing recession in the Netherlands.
Topix.net | 17-May-2012 01:03
Crossroads announcing $25 million ad push
An independent group favoring Republican Mitt Romney is launching a $25 million, monthlong advertising campaign against President Barack Obama in 10 states, further escalating an expensive TV ad war in presidential battleground states less than six months before Election Day.
Topix.net | 16-May-2012 20:53
Mortgage Delinquencies Drop To 4-Year Low
The percentage of borrowers who have dropped behind on their mortgage payments fell to a four-year low in the first three months of 2012, a bankers' group said Wednesday.
Topix.net | 16-May-2012 18:48
US housing starts rose to 717,000 in April
The Commerce Department said Wednesday that builders broke ground at a seasonally adjusted annual pace of 717,000 homes in April from March.
Topix.net | 16-May-2012 15:39
Housing Prices Could Decline For Another Decade
Fast forward to 2022 - housing prices that were supposed to have recovered a decade ago are still at levels seen more than 20 years ago. Not possible you say? Optimists and shills for the housing industry might want to consider some inconvenient truths.
Topix.net | 16-May-2012 12:22
Shareholder voices from JPMorgan Chase's annual meeting
Protestors assembled outside the gate of JPMorgan Chase after the annual stockholders meeting Tuesday in Tampa, Fla.
Topix.net | 16-May-2012 11:24
Pace of new credit card accounts picked up in 1Q
U.S. credit card users are getting better about making their payments on time, even as banks are increasingly issuing cards to borrowers with less-than-stellar credit.
Topix.net | 16-May-2012 07:14
Federal regulator questions Calif. mortgage bills
The federal government's main regulator of home loans is objecting to mortgage-related bills in California and says they could end up increasing lending costs and harming the housing market.
Topix.net | 16-May-2012 03:00
White House: First Family Worth Millions
The White House released documents Tuesday that show President Barack Obama and the first family hold assets valued at between $2.6 million and $8.3 million.
Topix.net | 15-May-2012 23:55
Woman Sentenced In Dream Homes Mortgage Scam
A judge has sentenced a District woman to more than two years in prison and ordered her to pay $34 million in restitution for her part in a mortgage fraud scheme.
Topix.net | 15-May-2012 21:45
Residential Capital seeks Chapter 11 protection
The U.S. government is hoping that Monday's bankruptcy filing by Ally Financial Inc.'s troubled mortgage business will help the company repay its government bailout faster.
Topix.net | 15-May-2012 17:41
Canada's Housing Market Booms; Experts See Trouble
Housing prices are going through the roof in Canada. The real estate market there is one of the hottest in the developed world.
Topix.net | 15-May-2012 13:31
FHA Financing Is Putting Millions of Americans Into Upside Down Mortgages | FHA Mortgage
Most first time home buyers who have done their homework know that there are both benefits and disadvantages associated with FHA mortgage financing. Real estate agents and the mortgage industry will typically stress the benefits of a low down payment requirement and flexible underwriting standards with FHA financing. However, there are also disadvantages associated with FHA financing, that many first time buyers do not consider.
Topix.net | 15-May-2012 09:35
Editorial: Shady mortgage lenders up to same old tricks
Rules? We don't need more stinkin' rules. This, in essence, was how bankers reacted to a plan that would require mortgage lenders to more fully - and more clearly - disclose the fees they charge consumers.
Topix.net | 15-May-2012 05:06
Greek, European woe could cause problems for US
A crisis-hit housepainter looking for casual employment sits in the shade of a bus stop as he waits for customers in Athens, on Monday, May 14, 2012.
Topix.net | 15-May-2012 00:53
Wireless startup LightSquared files for bankruptcy
LightSquared hasn't given up. Chief Finacial Officer Marc Montagner said in a statement that the bankruptcy filing is intended to gain the company "breathing room" while it continues to work through its regulatory issues.
Topix.net | 14-May-2012 23:54
Bernard Hickey: How to lower your mortgage
Put down your coffee and croissant and pick up a pen. Now, put a note in your diary to ring your banker tomorrow to ask for a better deal on your mortgage.
Topix.net | 13-May-2012 18:44
The Window of Mortgage Opportunity Has Opened
Also read: This Week's Santee Real Estate Wrap-Up Mortgage rates were down on average last week.
Topix.net | 13-May-2012 14:34
Iconic Coliseum freeway sign may be mortgaged to USC to raise cash
The Los Angeles Memorial Coliseum is so broke that officials want to mortgage its iconic electronic advertisement sign near the 110 Freeway to USC.
Topix.net | 13-May-2012 10:25
Mortgage deal cash is divvied
About half of the $410 million flowing into California's coffers from the national mortgage settlement with major banks will be pumped into the state's housing counselors and legal services agencies that help struggling homeowners.
Topix.net | 13-May-2012 06:20
Shooting victim facing jail over mortgage fraud
A PROPERTY developer who was shot in the back outside a city gym is facing jail after admitting he carried out 145,000 in mortgage frauds to buy flats in the Capital.
Topix.net | 13-May-2012 02:11
Retirement, Reverse Mortgages, Education Funding
After Jack's appearance, we fielded several retirement questions. Margaret from TX wanted to know in what order she should draw down her retirement assets; Eileen needs to boost retirement income; Sandie from Washington wants to know if she should contribute more to retirement or pay down her mortgage; and Mark asked about the rules for a ... (more)
Topix.net | 12-May-2012 22:06
Underwater homeowners get help with mortgages
Underwater borrowers with loans held by two government-backed companies, Fannie Mae and Freddie Mac, finally have a shot at reducing the amount they owe on their mortgages.
Topix.net | 12-May-2012 17:47
Obama's Weekly Address: Republicans 'Wrong' to Seek Tax Cuts
Continuing to cast himself as an activist president defying slim odds for election-year legislative compromises, President Obama in his weekly address pushes "a few common-sense policies that would make a difference" with the economy.
Topix.net | 12-May-2012 13:27
Obama Claims Credit for Refinancing Surge; Critics Doubt Policies' Role, Impact
After two days with his same-sex marriage position in the spotlight, President Obama Friday sought to shift focus back to the economy, visiting a neighborhood hit hard by the housing crisis, to claim success at helping struggling homeowners and call on Congress to do more.
Topix.net | 12-May-2012 09:23
US Consumer Financial Protection Bureau to Propose New Mortgage Rules
Even the most sophisticated home buyer can find mortgages daunting. And that's precisely why the U.S. Consumer Financial Protection Bureau is planning to propose new rules that will simplify things like mortgage points and fees, and bring greater transparency to the mortgage origination loan market, the agency said in a statement this week.
Topix.net | 12-May-2012 05:13
JP Morgan $2 billion loss stirs memories of 2008 crisis
Despite the unexpected trading losses, Dimon said the bank was still profitable with after tax earnings of about $4 billion.
Topix.net | 12-May-2012 01:04
Obama Heads to Nevada to Claim Progress on Housing
President Obama on Friday will visit a Reno, Nev., neighborhood hit hard by the housing crisis to hail a success story in his efforts to turn things around.
Topix.net | 11-May-2012 20:59
3 indicted in $750,000 mortgage fraud scheme
A federal undercover investigation dubbed Operation Madhouse has resulted in the indictment of 3 for allegedly scheming to get $750,000 in mortgage loans.
Topix.net | 11-May-2012 16:54
$211 Trillion In Speculative Bets By Big Banks Threaten Financial System | Problem Bank List
Evidence of the fact that the Too Big To Fail Banks have not taken the Volcker Rule seriously can be seen in the latest numbers published by the FDIC. As of December 31, 2011, the 7 largest banks in the country held an astonishing $211.2 trillion in derivative contracts. By way of comparison, the entire gross domestic product of the United States is only about $15 trillion.
Topix.net | 11-May-2012 12:47
Bernanke: even worthy borrowers can't get mortgages
Nearly two-thirds of private sector job creation has come under Democratic presidents during the last five decades, according to a new study by Bloomberg News.
Topix.net | 11-May-2012 10:50
Highlights of House GOP budget cuts
Food Stamps -- Cuts $35.8 billion by eliminating benefit increases in President Barack Obama's economic stimulus and tightening eligibility requirements.
Topix.net | 11-May-2012 06:35
Deutsche Bank to pay $202m in mortgage fraud case
Selling risky US mortgages through a subsidiary has ended with Deutsche Bank paying $US202m to settle civil fraud charges.
Topix.net | 11-May-2012 02:26
Freddie Mac names former E*Trade chief as new CEO
The headquarters of mortgage lender Freddie Mac is seen in Mclean, Virginia, near Washington, in this September 8, 2008 file photo.
Topix.net | 11-May-2012 00:21
Another Record Low for Mortgage Rates
Mortgage interest rates hit new lows this week as both the 30-year and the 15-year fixed-rates fell, according to a weekly survey by Freddie Mac.
Topix.net | 10-May-2012 21:12
U.S. mortgage rates fall again, to an all-time low
The average rate for a 30-year mortgage in the U.S. has fallen again, to an all time low.
Topix.net | 10-May-2012 17:57