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The Mortgage Professor: Escrow can raise costs, but add simplicity
The Mortgage ProfessorWhy did Jones pay more for his mortgage than Smith? One possible reason is that they borrowed at different times, when market conditions were different. Right now, the market is very favorable, but mortgages priced at 3.5 percent today were priced at 17...Tags: Finance, Property, Economy, Business and Finance, Condos
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Foreclosure settlement checks seen as inadequate
The Orange County RegisterTyler Reid struggled to hold onto his Ladera Ranch, Calif., condominium during the recession. He was self-employed. When his clients dried up, so did his software business. Reid sold his car, ate one meal a day, and paid his taxes with credit cards. He...Tags: Orange County Register, Politics, Finance, Government, Foreclosures
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Frantic housing market recalls boom times in battered Florida
The Miami HeraldThe open house on a leafy street near South Miami featured a snack wagon with cupcakes and chilled beverages, but the real draw was the newly listed house for sale for $435,000. Over a two-hour stretch on a Sunday afternoon, 44 groups of couples and...Tags: Federal Housing Administration, Finance, Property, Prices, Money and Monetary Policy
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In hot market, buy now or later?
Real Estate MattersBy Ilyce Glink and Samuel J. Tamkin Q: I am a married, 65-year-old retiree. I spent 22 years in the military (with a pension), and then worked another 22 years for corporate America. I want to sell our house when my wife retires in 2015. My wife and I...Tags: Politics, Real Estate, Ilyce Glink, Finance, Money and Monetary Policy
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Better Chicago housing market getting sellers off the fence
Forty percent fewer homes were available for sale in the nine-county Chicago area in April than a year ago, leading to higher sales prices. That, in turn, is prompting more homeowners to slap fresh paint on their walls and list their homes for sale....
Tags: Real Estate, Inventories, Ben Bernanke, Chicago Real Estate, Finance
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DNA evidence in model's death 'overwhelming,' prosecutor says
A Los Angeles prosecutor told jurors Wednesday that there was overwhelming DNA and other evidence to show that a mortgage broker assaulted and strangled an aspiring model in Santa Monica. Genetic testing proved that Kelly Soo Park's DNA was found on the...
Tags: General Practitioners, Lawyers, Biotechnology Industry, Justice System, Crime, Law and Justice
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$1.3 billion in consumer relief so far for Marylanders from mortgage settlement
The Baltimore SunMarylanders received more than $1.3 billion in relief from the National Mortgage Settlement during a 12-month period, Attorney General Douglas F. Gansler announced Tuesday. That assistance went to nearly 17,000 mortgage borrowers between March 1, 2012...Tags: Real Estate, Lawyers, Finance, Financial and Business Services, Foreclosures
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Chicago-area home sales, prices improve in April
Tribune staff reporterMore than 9,000 previously owned homes were sold in the Chicago area in April, another strong month for sales volume that was met by more pricing recovery. The Illinois Association of Realtors reported Wednesday that 9,152 single-family homes and...Tags: Real Estate, Inventories, Homes, Services and Shopping, Real Estate Sales
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BofA, JPMorgan say they have fulfilled mortgage settlement terms
Bank of America Corp. and JPMorgan Chase & Co. say they have satisfied their obligations to help troubled borrowers under last year's landmark mortgage settlement with state and federal officials. Another bank that signed the settlement, Wells Fargo &...
Tags: Bank of America Corp., Finance, Investments, JPMorgan Chase & Co., Banking
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Wolcott Man Pleads Guilty In Mortgage Fraud Scheme
The Hartford CourantA Wolcott man pleaded guilty in federal court on Tuesday to charges stemming from a mortgage fraud scheme, the U.S. Attorney's Office said. Daniel Monteiro, 34, pleaded guilty to one count of conspiracy to commit bank fraud, wire fraud, and money...Tags: Trials, Punishment
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Wealth lost in Orlando's foreclosure crisis: $720 million
Orlando has lost an estimated $720 million in wealth since the peak of the real estate market, particularly among low-income families, as a result of the area's wave of foreclosures, a national housing nonprofit reported Tuesday. The findings by the...
Tags: Real Estate, Financial and Business Services, Services and Shopping, Rick Scott
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Mortgage settlement brings relief to 25K in Illinois
Tribune reporterMore than 25,000 Illinois residents have received approximately $1.8 billion from the landmark national mortgage settlement, but servicer compliance with the pact remains an issue for several companies, according to a report from the settlement's...Tags: Bank of America Corp., Financial and Business Services, Consumers, Citigroup Incorporated
May 23, 2013
|Story| McClatchy-Tribune
May 23, 2013
|Story| McClatchy-Tribune
May 23, 2013
|Story| McClatchy-Tribune
May 23, 2013
|Column| Tribune Media Services
May 23, 2013
|Story| Chicago Tribune
May 22, 2013
|Story| Los Angeles Times
May 22, 2013
|Story| Baltimore Sun
May 22, 2013
|Story| Chicago Tribune
May 22, 2013
|Story| Los Angeles Times
May 21, 2013
|Story| Hartford Courant
May 21, 2013
|Story| Orlando Sentinel
May 21, 2013
|Story| Chicago Tribune
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