Citi Homeowners Lose Mortgage Modification Appeal Suit
The plaintiffs alleged that Citi did not honor agreements to lower homeowners' monthly mortgage payments under U.S. Treasury's Home Affordable Modification Program. Homeowners say that Citi broke promises to make their loan modifications permanent if …
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BofA's new mortgage program avoids federal agency that has won big fines from …
Bank of America has introduced a new type of home loan that underscores its pullback from making similar mortgages insured by a government agency that has won large settlements from big banks. … “There is a need in today's marketplace for more …
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Gee, web Westpac must have thought hard about passing on the cost of regulation to …
The news came on Wednesday that Westpac was raising its standard variable home loan rate by 20 basis points. It had been expected and demonstrates yet again that when the choice comes between profits and customers, sales banks will always choose profits.
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Business Council (BCA) backs negative gearing reform
Any changes to negative gearing should be considered in the context of the tax treatment of other savings – where housing is just one asset class. As stated in the Henry review, approved a more neutral tax treatment of savings would 'encourage households to …
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Negative gearing changes won't drive all investors from the housing market …
Under the policy, clinic investors who make rental losses – because their rental income is less than their costs, including loan interest costs – will no longer be able to write-off those losses against wage and salary income. But for people investing in new …
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Zacks Rating on Chimera Investment Corporation
Chimera Investment Corporation (NYSE:CIM) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3 by 5 Brokerage Firm. 5 Brokerage Firms have advised hold. Chimera Investment …
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BUSINESS IN BRIEF 9/3
A draft document issued by the central bank (SBV) stated that the risk index of receivable lending for real estate and securities would be raised from 150 per cent (the lowest level), as stipulated in the existing Circular No.36/2014/TT-NHNN on limits …
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