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Personal Finance News

News on Personal Finance continually updated from thousands of sources around the net.

2 hrs ago | Reuters

Holder won't meet with BofA CEO as mortgage talks stall: sources

Attorney General Eric Holder has formally refused to meet with Bank of America Corp Chief Executive Brian Moynihan to hammer out a multibillion-dollar deal, as talks to resolve probes into shoddy mortgage securities sold by the bank and its units remain at a standstill, according to people familiar with the matter.

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Related Topix: Home, Mortgage, Banking, Bank of America, Financial Services, US News

Wed Jul 09, 2014

Tri-cityherald.com

Mortgage registry ruling could aid Pa. counties

U.S. District Judge J. Curtis Joyner in Philadelphia ruled June 30 that Mortgage Electronic Registration Systems and its parent company, Merscorp Inc., collectively known as MERS, violated Pennsylvania law by using its members-only database to circumvent county recorder of deeds offices.

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Related Topix: Home, Mortgage, Montgomery County, PA, Philadelphia, PA, Foreclosures

Tri-cityherald.com

Memphis 'Blue Flu' symbol of pension troubles

Cuts approved by the City Council have led to protests from city workers, including police and fire staff, who say they cannot afford the changes and feel betrayed by a city they have served and protected.

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Related Topix: Pension, Fire, Economics News, Bankruptcy, US Politics, US News, US House of Representatives, Democrat, Rahm Emanuel, Illinois

Northern Michigan News

Fed split on signals for first rate increase

Federal Reserve officials are in broad agreement that they will likely announce an end to their monthly bond buying program in October, bringing to a close the third round of massive bond purchases the central bank has relied upon to boost economic growth following the Great Recession.

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Related Topix: Financial Markets, Mortgage, Home

Andover Advertiser

One million expected to strike

The Government will today be hit by the biggest strike over pay since it came to power when over a million public sector workers will walk out in bitter disputes over pay, pensions, jobs and spending cuts.

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Related Topix: Pension

KXLY-TV Spokane

Yes, the economy is getting better

In the case of the Federal Reserve's unprecedented stimulus program that has been a big driver of the five-year stock rally, the end is finally near.

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Related Topix: Mortgage, Home

WFAA-TV Dallas

Study: Families divided over personal finance decisions

When it comes to family conversations, many parents aren't discussing their retirement plans or other financial matters with their adult children.

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Related Topix: Retirement, Estate Planning, Kids, Family

Brandon Sun

Loonie flat amid Canadian housing starts, key employment report on Friday

There was little movement with the Canadian dollar Wednesday amid stronger than expected figures for Canadian housing starts, and ahead of a key employment report on Friday.

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Related Topix: North America, Canada, World News, Home, Mortgage, Housing

KMIZ

Citigroup faces $7B mortgage reckoning

Published reports say Citi is close to $7 billion deal to settle charges that it packaged bad mortgages during the run-up to the financial crisis.

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Related Topix: Home, Mortgage, Housing, Foreclosures

Switched

Citigroup May Pay $7 Billion To Resolve Mortgage Probe

Citigroup Inc is close to paying about $7 billion to resolve a U.S. probe into whether it defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, a source familiar with the matter said on Tuesday.

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Related Topix: Home, Mortgage, Banking, Financial Services, Citigroup, CitiMortgage, US News, Reuters

KMIZ

Stocks: 5 things to know before the open

There's only one game in town Wednesday and that's the latest insight into Federal Reserve thinking on interest rates.

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Related Topix: Financial Markets, Mortgage, Home

Daily Journal

Stocks fall for a second day; Nasdaq slumps

U.S. stocks are falling in midday trading Tuesday as investors await corporate earnings reports this week.

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Related Topix: Financial Markets, Mortgage

Tue Jul 08, 2014

KRVN-AM Lexington

Markets Drop Again, Mortgage Crisis Continues to Affect Homeowners

The markets tumbled on Tuesday, amidst a new report on the ongoing impact of the mortgage crisis.

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Related Topix: Mortgage, Home

Bellingham Herald

Customs under fire for sweeping scans of employeesa personal data

In one program, the agency's internal affairs division shared employees' Social Security numbers with the FBI, looking for possible criminal leads.

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Related Topix: Social Security, Criminal Defense Law, Law, US News, US Treasury

Bellingham Herald

US consumer borrowing rises at slower pace in May

Overall credit rose by $19.6 billion in May, down from a gain of $26.1 billion in April, the Federal Reserve said Tuesday.

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Related Topix: Credit Card Debt

Droitwich Advertiser

PEOPLE are being warned to take extra care during Thursday's firefighters' strike.

Hereford and Worcester Fire and Rescue Service will operate a reduced service from 10am to 7pm during one of a long series of strikes in a row over pensions.

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Related Topix: Fire, Pension

Business Journal

Mortgage rates lower than a year ago

Freddie Mac says a 30-year fixed-rate mortgage fell to 4.12 percent in the week ending July 3. A year ago, 30-year rates averaged 4.29 percent.

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Related Topix: Mortgage, Home, Freddie Mac, Financial Services

Lake Country Sun

5 ways for borrowers to keep their cool in a warming mortgage market

Both the weather and the slump of the previous years' housing markets are starting to thaw.

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Related Topix: Mortgage, Home

Mon Jul 07, 2014

Whittier Daily News

Successful Aging: Finding the right caregiver

Q: My parents are living with significant limitations from severe arthritis, macular degeneration, recent surgeries, plus the beginning of cognitive problems.

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Related Topix: Retirement, Pension, Geriatric Medicine, Medicine

KING-TV Seattle

Report: Homeowners paid $3.1B cash in settlement

A new report says homeowners have received about $3.1 billion in cash under a federal settlement with 13 big banks over alleged misconduct in processing mortgages that may have resulted in wrongful foreclosures.

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Related Topix: Home, Mortgage, Foreclosures, Seattle, WA

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