Money Matters
QUESTION: I am a senior with no children and have initiated the process to obtain a federally guaranteed home equity conversion mortgage, or HECM.
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With bills to pay, life to build, it's easy to run up huge debt Jerry and Deborah Alciatore fled New Orleans with nothing but a couple of overnight bags, an ice chest and their credit cards.read more...
Speculators Drive Dollar Ahead of Trade Balance The inactivity of the dollar in yesterday's trading has given way to some selling in the morning hours of today's New York session.read more...
Banks told to toughen mortgage guidelines (The Charlotte Observer) Federal banking regulators on Friday told the companies they regulate to tighten mortgage lending standards in a belated effort to end abuses that have led to a surge in foreclosures.
Holiday season ideal time to buy real estate Make the most of motivated sellers, fewer competitors Are you a serious home buyer? If you are, get ready for the best time of the year to purchase.read more...
Officer pleads guilty in mortgage fraud scheme (The Indianapolis Star) South Bend -- A veteran police officer has pleaded guilty to federal bank fraud charges for his role in an elaborate mortgage fraud scheme that bilked lenders out of hundreds
Mortgage crisis is threat to prosperity (The Buffalo News) The subprime mortgage crisis that is shaking the nation?s credit and stock markets is the biggest threat to derail a five-year stretch of unprecedented global prosperity, CNBC senior analyst Ron