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In an investment market starved for yield, the double digit yields of agency mortgage real estate investment trusts (AMREITs) are extremely attractive. There has been a great deal of confusion about this sector and it is important for investors ...
Jan. 13 (Bloomberg) -- About a dozen state attorneys general met this week to discuss their mortgage investigations and how they might work together as settlement talks with banks over foreclosures drag on, three people familiar with the matter ...
Q. I filed for Chapter 13 bankruptcy in June 2011. As part of the bankruptcy, I only have to pay my secured credit - the arrears on the mortgage on my home -and not the unsecured credit. I recently got a new job and I want to refinance my ...
Jan. 13 (Bloomberg) -- Toronto-Dominion Bank, Canada's second-largest bank, reduced its four-year fixed-rate mortgage to 2.99 percent, following a rate cut yesterday by smaller rival Bank of Montreal. The lower rate is effective tomorrow and ...
Mortgage Real Estate Investment Trusts (MREITs) have the highest yields of any stock grouping available today. As might be expected in today's yield-starved environment, this group receives a lot of attention. There are many informative ...
The US economy may be healing, but banks are suffering from a housing hangover. JPMorgan Chase spent US$3.2 billion last year to fight lawsuits, almost all of them over poorly written mortgages. That was down from US$5.7 billion in 2010, but it ...
There are no secrets in the bond markets. The New York Fed should know that. A couple of hours Thursday afternoon in the markets for riskier mortgage-backed bonds show how hard it is for the Fed to be a player in sophisticated credit markets ...
SYDNEY Jan 13 (Reuters) - Australia and New Zealand Banking Group left its variable mortgage rate unchanged on Friday, though it said funding costs were elevated, as it begins setting mortgage rates independent of the central bank. Australia's ...
Mortgage payments for new borrowers have reached their most affordable levels for 14 years, with typical payments in some areas of Scotland and northern England taking up less than a fifth of disposable incomes, research from Halifax has found. Average ...
Queens has been harder hit by foreclosures than any other New York borough, and the Federal Bureau of Investigation believes it has found a culprit. Last July, the F.B.I. accused Edul Ahmad, a local broker, of a $50 million mortgage fraud ...