Displaying 124 results
Second-home tax break is in jeopardy
As Congress mulls new ways to increase revenue, the mortgage interest deduction on second homes is seen as a likely target for elimination
Lending drought strands advisory clients
Although interest rates are near record lows, many financial advisory clients still face a challenging lending environment for securing small-business loans and refinancing mortgages
Federal refi program won’t mean beans to many homeowners
Despite easing of refinancing standards, home loans still tough to come by
U.S. consumer bureau seeks input on military financial products
The U.S. Consumer Financial Protection Bureau is seeking public comment on financial products aimed especially at members of the military.
BofA wealth management untouched by record loss from mortgages
Bank of America Corp. is continuing to invest in its wealth management division, despite suffering a record loss from mortgages.
Reverse mortgages should be first resort for advisers
Twenty-two years after they were introduced by the Department of Housing and Urban Development, reverse mortgages still aren’t…
BofA wealth management untouched by 2Q losses
Bank of America Corp. continues to invest in its wealth management division while reining in other lines of business to prepare for new Basel III capital requirements
Mortgage tax break set for the wrecking ball?
Poll reveals more Americans willing to give up home-loan interest deduction
Home prices in big cities hit lowest level in five years
The latest data shows property values in 20 metropolitan areas dropped another 3.6% in March. And there's more where that came from: one expert says the foreclosure pipeline is 'full to bursting.'
Obama’s stimulus plan made things worse, says Taleb
'Black Swan' author slams President, White House officials, U.S. debt level, mortgage interest tax deduction; likes Canada, however
Raising bar on net-worth requirements
The value of an investor's primary home wouldn't be taken into account when determining whether the individual were an accredited investor, according to a rule proposed by the Securities and Exchange Commission
Bank of America to exit mortgage brokerage biz
Bank of America plans to stop offering home loans through independent brokers, focusing on direct lending and acquiring debts from other originators.
Refinance roulette can send clients spinning out of control
Financial advisers whose clients are calling and saying, “Hey, I see that rates have fallen 1% below my current rate; shouldn't I refinance?” may have to remind them that though a 1% drop is considered enough reason to refinance, the homeowner still has to pay closing costs, and if they are planning to move soon, they may leave the home before they reach the break-even point
New rules of the real estate game
With the U.S real estate market still struggling to get back on its feet, financial advisers continue to find themselves facing a barrage of questions from anxious clients about everything from depressed home values to whether now is the time to buy or sell property.
New York tops nation in mortgage fraud
New York has earned the dubious honor of being the nation's leader in mortgage fraud last year, according to a report from the LexisNexis Mortgage Asset Research Institute.
Obama administration unveils plan to shrink home loans
After months of criticism that it hasn't done enough to prevent foreclosures, the Obama administration is announcing a plan to reduce the amount some troubled borrowers owe on their home loans.
Is this a sign? Hedgies closing distressed debt funds
Did you hear? The credit crisis is officially over — at least according to the handful of hedge fund managers who have shut down their “credit crisis funds” over the past few weeks.
Former GunnAllen, Questar broker charged with fraud in Ponzi scheme
The Securities and Exchange Commission last week charged Frank Bluestein with fraud for allegedly being the single-largest salesperson in a $250 million Ponzi scheme that collapsed in August 2007.
State insurance regulators approve new way to value residential-mortgage bonds
State insurance regulators yesterday voted in favor of using a new method to evaluate residential mortgage-backed securities that would allow them to reduce the capital requirements related to these investments.
Marathon wraps up initial close on public-private fund
Marathon Asset Management LP has completed an initial closing of an investment fund established under the Public-Private Investment Program, the Department of the Treasury announced today.
