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News on Personal Finance continually updated from thousands of sources around the net.

1 min ago | San Jose Mercury News

Brentwood man guilty of defrauding immigrant families in real estate scheme

A Brentwood man has been found guilty of defrauding more than 1,000 homeowners by promising to help them keep their homes after they fell behind on their mortgage payments, the U.S. Attorney's Office said Monday. Prosecutors say Alan Tikal, 46, ran a mortgage company called KATN that targeted immigrants who did not speak English, promising to reduce their outstanding debt in return for fees.

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Related Topix: Mortgage, Home, California, Science / Technology

Mon Sep 15, 2014

WTVY Dothan

Gov. Bentley Creates Small Business Commission

Alabama Gov. Robert Bentley is creating a commission to recommend ways the state can help small businesses get started and expand. Bentley signed an executive order Monday creating the Alabama Small Business Commission, and he appointed Rosemary Elebash to lead it.

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Related Topix: US Governors, Robert Bentley, Small Business, Alabama Government, Alabama

Cybercast News Service

Obama lends voice to DNC's first ads of 2014

President Barack Obama is lending his voice to national radio ads by the Democratic National Committee, seeking to motivate African-American, female and other voters who tend to sit out midterm elections. The first ads, aimed at African Americans, started running Monday and are part of a coast-to-coast buy worth more than $1 million.

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Related Topix: US Politics, US News, Barack Obama, African-American, Health Insurance, Health, Retirement

Inside Bay Area

Reverse mortgages showing signs of a rebound

Advertised as a path to an affordable retirement, federally insured reverse mortgages are showing signs of a rebound, drawing the scrutiny of regulators seeking to reduce historically high default rates that have cost the government billions. Industry analysts expect strong growth as the housing market improves, particularly in once hard-hit Sun Belt areas including Phoenix, Miami and San Diego, and aging Americans find value in growing old in their homes.

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Related Topix: Home, Mortgage, Industry, CA

The York Daily Record

Once-troubled reverse mortgages poised for rebound

Advertised as a path to an affordable retirement, federally insured reverse mortgages are showing signs of a rebound, drawing the scrutiny of regulators seeking to reduce historically high default rates that have cost the government billions. Industry analysts expect strong growth as the housing market improves, particularly in once hard-hit Sun Belt areas including Phoenix, Miami and San Diego, California, and aging Americans find value in growing old in their homes.

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Related Topix: Home, Mortgage, Social Security, Housing

KTVN Reno

Once-troubled reverse mortgages poised for rebound

11, 2014 photo, Myles Griffin, 74, poses for a photograph in front of his home in Philadelphia. . In this Thursday, Sept.

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Related Topix: Home, Mortgage, Social Security, Housing

KEPR CBS 19

Speculation swirls over Fed language on rate hike

When the Federal Reserve issues a policy statement after it meets this week, the financial world will be on high alert for two words: "Considerable time." The presence or absence of that phrase will trigger a rush to assess the likely timing of the Fed's first increase in interest rates since it cut them to record lows in 2008.

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Related Topix: Home, Mortgage, Financial Markets, Ben Bernanke

Redditch Advertiser

Tax expert to head up firm's private client department

David Gillies has taken on the role of private client director with responsibility for ten tax department staff at the firm's head office in Droitwich Spa. Mr Gillies has operated in the sector for more than 25 years.

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Related Topix: Estate Planning

The Review

30-year fixed mortgage rates rise above 4 percent

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 4.05 percent, up from 3.96 percent at this same time last week. The 30-year fixed mortgage rate gradually increased last week, peaking at 4.19 percent on Saturday before coming down to the current rate.

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Related Topix: Mortgage, Home

WNED

When Consumer Debts Go Unpaid, Paychecks Can Take A Big Hit

Kevin Evans relaxes in his small apartment after arriving home from work. Evans, who lost income and his home in the recession, is now having his wages garnished after falling behind on his credit card payments.

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Related Topix: Credit Card Debt

Reuters

Wells Fargo finds mortgage myths hamper home purchases

Getting a mortgage in the United States may be easier than many borrowers think, according to a survey released Monday by Wells Fargo & Co ( Nearly two-thirds of respondents thought that a very good credit score was necessary to buy a home, and more than 40 percent thought they needed a down payment equal to at least 20 percent of the purchase price to buy a home. Under government-backed programs, first-time home buyers with subprime credit scores can get a mortgage insured by the Federal Housing Administration, and they can put down as little as 3.5 percent of the purchase price.

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Related Topix: Home, Mortgage, Wells Fargo , Banking, Financial Services, Home Buying

The Pleasantville Daily Voice

Learn About Elder Planning At Three-Part Lecture Series By NWH

Northern Westchester Hospital and SeniorBridge invites the senior community to a free three-part lecture series regarding elder asset planning at Northern Westchester Hospital's Chappaqua Crossing site. The first lecture will focus on Top 10 Estate Planning Mistakes and it will be held on Thursday, Sept.

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Related Topix: Chappaqua, NY, Estate Planning, Events

Sun Sep 14, 2014

SFGate

Real Estate Investing for Retirement Account Holders Now Explained in New Audio Guide Online

A real estate investing program for retirement account holders is now in effect through the JWB company online at http://jwbrealestatecapital.com . Men and women who have set up retirement accounts in hopes of building future wealth can now use these accounts to purchase real estate.

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Related Topix: Retirement, 401K, Business News

The Age

Australia's house prices second-highest in world: BIS

According to the BIS's latest quarterly review of global housing, Australia was the second most expensive market. Photo: Erin Jonasson Australian house prices are among the world's most expensive when measured against incomes and rents, according to the Bank for International Settlements, but it also finds real price growth in the country has been flat once adjusted for long-term trends.

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Related Topix: Home, Mortgage

SFGate

New Mexico vets' personal information compromised

The personal identifying information of thousands of New Mexico veterans may have been compromised because of a misplaced folder, New Mexico Veterans Affairs officials said Saturday. Agency officials said they are notifying more than 2,600 veterans that a folder with their names and Social Security numbers was found in a women's restroom July 30 at the Raymond G. Murphy VA Medical Center in Albuquerque.

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Related Topix: US Politics, US News, US House of Representatives, Democrat, Representative Michelle Lujan, Life, Veteran Affairs, Social Security, Science / Technology

News Herald

5 foolish mistakes first-time home buyers make5 foolish mistakes...

Check out this story on portclintonnewsherald.com: http://usat.ly/1tQXJnI Buying a home is exciting, especially when you're buying for the first time. In the midst of all of the excitement, it's easy to become blinded by beautiful back-splashes, granite and quartz counter tops, hardwood floors, and fenced-in backyards.

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Related Topix: Home Buying, Home, Mortgage

KMIZ

Investors tell Fed: Don't fumble interest rates

America's central bank wraps up its two-day meeting on Wednesday and will subsequently outline its latest monetary policy. The Fed has been holding down the federal funds rate near zero since the financial crisis, but a strengthening economy has lead to speculation that it will raise rates sooner than later.

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Related Topix: Financial Markets, Home, Mortgage

KOB-TV New Mexico

Personal information of more than 2,600 veterans inadvertently misplaced

The names and social security numbers of more than 2,600 local veterans were left in a folder in a public restroom in the lobby of the VA Medical Center in Albuquerque. The VA said that folder was misplaced back in July, but patients are just now getting letters from the VA that their information was compromised.

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Related Topix: Social Security, Albuquerque, NM

West Australian

China August factory growth slows to near six-year low, calls grow for more stimulus

China's factory output grew at the weakest pace in nearly six years in August while growth in other key sectors also cooled, raising fears the world's second-largest economy may be at risk of a sharp slowdown unless Beijing takes fresh stimulus measures. The output data, combined with weaker readings in retail sales, investment and imports, pointed to a further loss of momentum as the cooling housing market increasingly drags on other sectors from cement to steel and saps consumer confidence.

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Related Topix: Home, Mortgage

Sat Sep 13, 2014

Customer Interaction Solutions

Ex Steals from Mom and Child While Attempting to Defraud Operator;...

SubscriberWise, the leading provider of analytics driven subscriber decision management technology and the nation's first and largest issuing consumer reporting agency for the communications industry, announced today that the company president has counseled a woman about an identity theft where she and her 7-year-old daughter are the crime victims. "The timing is remarkable," stated David Howe, president of SubscriberWise.

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Related Topix: Prison, Criminal Defense Law, Law, Social Security, US News

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