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News :

How to get on the housing ladder
CITY A.M.
For mortgages, the stick or twist question is whether to opt for a fixed or variable rate. Danny Cox of Hargreaves Lansdown thinks ?if an increase in interest rates will cause a problem, a fixed rate is a good choice to ensure certainty?, ...



WA today

Fixed rate doesn't outsmart the market
WA today
'My suggestion is that refinancing mortgage-holders are best served by the variable-rate system.' Photo: Jessica Shapiro PROFESSIONAL investors understand that you can't outsmart the market. Many try, most fail, and those who get away with it once ...

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Sydney Morning Herald

Fixed rate doesn't outsmart the market
Sydney Morning Herald
We saw this happen in March, when, according to the Australian Bureau of Statistics, the number of fixed-rate mortgages soared to 14.5 per cent of the total mortgage market, the highest ratio of fixed rates since May 2008. It's reasonable to deduce ...

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Brisbane Times

Fixed rate doesn't outsmart the market
Brisbane Times
'My suggestion is that refinancing mortgage-holders are best served by the variable-rate system.' Photo: Jessica Shapiro PROFESSIONAL investors understand that you can't outsmart the market. Many try, most fail, and those who get away with it once ...

and more »


The Age

Fixed rate doesn't outsmart the market
The Age
'My suggestion is that refinancing mortgage-holders are best served by the variable-rate system.' Photo: Jessica Shapiro PROFESSIONAL investors understand that you can't outsmart the market. Many try, most fail, and those who get away with it once ...

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Roger J Kerr questions whether local moneymarkets are sending correct signals ...
Interest.co.nz
The local interest rate market has become far too pessimistic in my view and they are over-reacting to recent Aussie interest rate cuts and European problems (which are hardly new). Local banks are slashing their mortgage lending interest rates (and ...



National Housing Fund: Banks, insurers owe N8.6trn in 5 years
Vanguard
But most of the banks are rather offering mortgage products of their own with rates clearly outside the 6 per cent stipulated by the NHF Act. When confronted with the provisions of the Act as regards their expected contributions, officials of these ...



Mortgage hike hits finances of households
The Independent
Mortgage holders were hit hardest after several lenders increased standard variable rates last month. Some 45 per cent noted a decline, compared to 7 per cent an improvement. Tim Moore, senior economist at Markit, said: "The UK economy continues to ...

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More moves in the mortgage rate market
MSN NZ News
By AAP A leading lender has cut its fixed home loan interest rates in a new round of action in the mortgage market. ANZ National has reduced its 18-month and two-year terms after a raft of cuts to fixed rates by other banks last week.

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Downsize UK: Property market dominated by elderly looking to cash in on homes
Mail on Sunday
Recent increases in mortgage interest rates have further dampened market activity, it said. Miles Shipside, director of Rightmove, said: 'There are more old people at the top of the chain trying to downsize and fewer at the bottom trying or able to ...

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Invest without a home country bias
Myiris.com
Over the last couple of years disenchanted Indian HNI equity investors have been moving away from equities to other asset classes such as commodities, real estate, debentures, direct private equity investments and so on. A plethora of tax-free bonds ...

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Volatile equity markets: Why investors should stick to defensive sectors and ...
Economic Times
More importantly, the impact will continue for some more time, which means that there is no immediate possibility of the market entering another bull phase. The best option that is likely to play out is that the market remains in a narrow range.



Private equity firm buys 4 newspapers in Midwest
Timesonline.com
An affiliate of a Philadelphia-based private equity firm is buying four newspapers in the Midwest, including one in northwest Ohio. Freedom Communications is selling the newspapers to an affiliate of Versa Capital Management LLC. Irvine, Calif.

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Is Bain Romney's Bane?
Wall Street Journal
Paul Gigot: This week on "The Journal Editorial Report," fresh from a high-dollar private-equity fund-raiser, President Obama attacks Mitt Romney for his ties to private equity. So when will Romney fight back? Plus, Greece on the brink.

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Sunday Show Wrap: Obama Surrogate Booker Calls Bain Attacks ?Nauseating?Crap?
National Review Online (blog)
?I'm not about to sit here and indict private equity. . . we're getting to a ridiculous point here in America. . .? Bain has ?done a lot to support businesses, grown businesses, and this to me I'm very uncomfortable with.? Booker went on to note that ...

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'No law against stupidity,' Boehner says of JP Morgan mess
FOX 4 News
House Speaker John Boehner (R-Ohio) weighed in Sunday on the recent JP Morgan Chase trading debacle, saying, "There's no law against stupidity. No law against stupid trades." In an interview on ABC's "This Week," Boehner said there was not "anything" ...

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'No law against stupidity,' Boehner says of JP Morgan mess
WOGX
House Speaker John Boehner (R-Ohio) weighed in Sunday on the recent JP Morgan Chase trading debacle, saying, "There's no law against stupidity. No law against stupid trades." In an interview on ABC's "This Week," Boehner said there was not "anything" ...

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Obama's Bain Attack Leaves Democratic Ally Uneasy
Wall Street Journal (blog)
By Ian Talley and Damian Paletta President Obama's re-election strategy of attacking Bain Capital, Mitt Romney's former private-equity firm, has made at least one fellow Democrat uneasy. Newark Mayor Cory Booker on Sunday said he felt ?very ...

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Feeder funds have no track record, yet idea catches up with local AMCs
mydigitalfc.com
For instance, ICICI Prudential Mutual Fund has recently filed an offer documents for ICICI Prudential Global Stable Equity Fund, SBI Mutual Fund for SBI Global Emerging Market Fund and Reliance Mutual Fund for Reliance US Dollar Fund.

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No Plans To Sell UK Newspapers, Murdoch Insists
Care2.com (blog)
News Corp. is said to be in the very early stages of creating a trust to manage its newspaper assets; of pursuing a joint venture with a media partner; or simply selling the papers to private equity. A News International spokesperson emphasized that ...

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News :

Mergers and acquisitions
Minneapolis Star Tribune
5/11 Patagonia Investment SA Empresas Iansa SA Sugar producer Empresas Iansa SA bought 95 percent of Chile Santiago, Chile the shares of holding company Patagonia Investment SA from Wayzata-based Cargill Inc. 5/14 Residential mortgage Nationstar ...



Nichols Kaster, PLLP Files Class Action Against Citibank and Midland Mortgage ...
Albany Times Union
The Complaint alleges that Citibank and Midland Mortgage routinely force-place excessive amounts of flood insurance on borrowers, and improperly arrange for commissions for themselves or their affiliates on force-placed policies. On May 17, 2012, ...

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Hires and Promotions (May 19, 2012)
In-Forum
Angela Searls has joined Valley Mortgage, 3301 13th Ave. S., Fargo, as a mortgage banker. Searls graduated from the University of Minnesota Carlson School of Management with a bachelor's degree in business. She has 16 years of sales experience.

and more »


Politics in Minnesota: The Weekly Report Vol. 7, Issue 40 ? 5/18/2012
Politics in Minnesota
As this is written, GOP activists from all over the state are flocking to St. Cloud for the Republican Party of Minnesota's 2012 state convention, and many among them are sorely riled by the performance of the Republican majorities that controlled the ...

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Nichols Kaster, PLLP Files Class Action Against Citibank and Midland Mortgage ...
Virtual-Strategy Magazine
The Complaint alleges that Citibank and Midland Mortgage routinely force-place excessive amounts of flood insurance on borrowers, and improperly arrange for commissions for themselves or their affiliates on force-placed policies. On May 17, 2012, ...

and more »


Nichols Kaster, PLLP Files Class Action Against Citibank and Midland Mortgage ...
DigitalJournal.com (press release)
On May 17, 2012, Nichols Kaster, PLLP filed a class action lawsuit in the Northern District of New York on behalf of Plaintiff Gordon Casey and other borrowers with mortgages serviced by Citibank or Midland Mortgage. The Complaint alleges that Citibank ...

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Nichols Kaster, PLLP Files Class Action Against Citibank and Midland Mortgage ...
Insurance News Net (press release)
On May 17, 2012 , Nichols Kaster , PLLP filed a class action lawsuit in the Northern District of New York on behalf of Plaintiff Gordon Casey and other borrowers with mortgages serviced by Citibank or Midland Mortgage. The Complaint alleges that ...

and more »


FHA Mortgages For Condos : Guidelines About To Loosen?
The Mortgage Reports
For buyers of condominiums in places like Chicago, Illinois; New York City, New York; or Minneapolis, Minnesota, the FHA's popular 3.5% low-downpayment mortgage program has been elusive. Because of the FHA's strict condo requirements, few buildings are ...

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Mortgage Electronic Registration Systems, Inc. vs Carrillo
Farmington Independent
THE RIGHT TO VERIFICATION OF THE DEBT AND IDENTITY OF THE ORIGINAL CREDITOR WITHIN THE TIME PROVIDED BY LAW IS NOT AFFECTED BY THIS ACTION. to pay the debt secured by said mortgage and taxes, if any, on said premises and the costs and disbursements, ...

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April foreclosures a mixed bag
Minneapolis Star Tribune
While Minnesota's foreclosure rate has consistently been below the national average, recent increases in the number of default notices that are being sent to homeowners suggest that the number of homeowners who can't pay their mortgage remains elevated ...

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Culver in politics again, resurfacing for Obama
Online Athens
He cites his appointment to the credentials committee of the Democratic National Convention and Obama's appointment of him to a seat on the board of the Federal Agriculture Mortgage Corp., known as Farmer Mac. That job pays about $100000 a year, ...

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Former Iowa Gov. Culver in politics again, resurfacing for Obama
Sioux City Journal
He cites his appointment to the credentials committee of the Democratic National Convention and Obama's appointment of him to a seat on the board of the Federal Agriculture Mortgage Corp., known as Farmer Mac. That job pays about $100000 a year, ...

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Culver re-emerges at campaign events for Obama
Mason City Globe Gazette
He cites his appointment to the credentials committee of the Democratic National Convention and Obama's appointment of him to a seat on the board of the Federal Agriculture Mortgage Corp., known as Farmer Mac. That job pays about $100000 a year, ...

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President Obama insisted that Congress help homeowners
Examiner.com
Against the backdrop of a middle-class neighborhood in economically hard-hit Nevada, President Obama touted steps his administration has already taken to help homeowners refinance their mortgages. But the president said he needed help from lawmakers in ...

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eCreditDaily.com

HARP 2.0, Record Low Rates Fuel Refinancing Boom
eCreditDaily.com
The boom is being bolstered by several factors, including surging interest in the enhanced Obama Administration effort to expand historic homeownership affordability to underwater borrowers ? especially those holding mortgages from Fannie Mae and ...

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Obama visit sparks plenty of reactions
Reno Gazette-Journal
?But if you don't have a job, you are not going to be able to afford your mortgage.? That's a good point. Lots of modified loans still foreclose, said Bill Uffelman, president of the Nevada Bankers Association. You can get a lower rate, but you still ...

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Barack Obama's New Slogan: The Buck(s) Stop Here!
Canada Free Press
His assets appear to tally between $2.6 million and $9.9 million. He holds a mortgage on his Chicago home of $500000 to $1 million. As was clear from Obama's income tax filing, much of his income continues to roll in from book royalties.



The Guardian

North Carolina: a study in presidential election polling paradoxes
The Guardian
In these states, approval for Obama's handling of the mortgage crisis was highest in North Carolina at 41%. Part of that can be attributed to the fact that North Carolina has not been hit as hard as other states by the mortgage crisis.

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Culver in politics again, resurfacing for Obama
Muscatine Journal
He cites his appointment to the credentials committee of the Democratic National Convention and Obama's appointment of him to a seat on the board of the Federal Agriculture Mortgage Corp., known as Farmer Mac. That job pays about $100000 a year, ...

and more »


Culver in politics again, resurfacing for Obama
Quad City Times
He cites his appointment to the credentials committee of the Democratic National Convention and Obama's appointment of him to a seat on the board of the Federal Agriculture Mortgage Corp., known as Farmer Mac. That job pays about $100000 a year, ...

and more »