Story | Dec 7, 2013 | 4:33 PM
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Column | Dec 8, 2013 | 5:00 AMDear Liz: I will be inheriting around $300,000 over the next year. My instincts are to pay down debt with this money. I have two homes and for practical reasons need to keep them. One home has a $260,000 mortgage balance at 5%. The other has a $130,000 mortgage at 4%. We have $35,000 in credit card balances. Some are telling us to invest. I think we should pay off all the credit cards and then pay down the larger mortgage by $100,000 or more. Am I on the right track?
Story | Dec 2, 2013 | 6:27 AM
Bank of America Corp. agreed to pay government-backed Freddie Mac $404 million to resolve mortgage-repurchase claims. The deal covers about 716,000 loans created by Charlotte, North Carolina-based Bank of America from Jan. 1, 2000, to Dec. 31, 2009, and...
Story | Dec 1, 2013 | 5:00 AM
Story | Dec 5, 2013 | 6:40 PM
Los Angeles City Atty. Mike Feuer on Thursday filed lawsuits alleging discriminatory lending practices against Citigroup and Wells Fargo, two of the nation's largest banks. The lawsuits, filed in U.S. federal court, allege that the banks engaged in a...