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Personal Finance News

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

31 min ago | The Modesto Bee

A new challenge to HUD's reverse-mortgage program

The United States faces a retirement funds crisis: a rapidly growing number of people who retire without the financial capacity to support themselves during ever-increasing life spans.

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Related Topix: Home, Mortgage, Retirement, Health, AARP, Business News

Thu Jul 10, 2014

Salisbury Journal

OBR warning on ageing population

A fresh wave of tax hikes or spending cuts will be needed to meet the growing cost of Britain's ageing population, the financial watchdog has warned.

Comment?

Related Topix: Pension, Long Term Care, Health

Business Journal

Blue Shield, state regulators accidentally release private data of 18,000 doctors

Blue Shield of California and the California Department of Managed Health Care managed to accidentally release social security numbers of 18,000 California doctors, the San Francisco-based health insurer confirmed Thursday.

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Related Topix: Social Security, San Francisco County, CA, San Francisco, CA

Myrtle Beach Online

Your Place: Best to watch long-term trends in real-estate market

When I started writing about real estate full time, the experts cautioned me not to chase month-to-month data, and to focus instead on quarterly and yearly figures.

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Related Topix: Real Estate, Home, Mortgage, Housing, Education

Sunherald.com

Average US 30-year mortgage rate rises to 4.15 pct

Mortgage buyer Freddie Mac said Thursday that the nationwide average rate for a 30-year loan rose to 4.15 percent from 4.12 percent last week.

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Related Topix: Mortgage, Home

Business Times

UK housing market may be starting to moderate: RICS

More signs emerged last month that the upturn of Britain's housing market is starting to moderate, even in hotspots like London, a survey showed on Thursday [LONDON] More signs emerged last month that the upturn of Britain's housing market is starting to moderate, even in hotspots like London, a survey showed on Thursday.

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Related Topix: Mortgage, Home

Reuters

Holder won't meet with BofA CEO as mortgage talks stall: sources

Attorney General Eric Holder has formally refused to meet with Bank of America Corp Chief Executive Brian Moynihan to hammer out a multibillion-dollar deal, as talks to resolve probes into shoddy mortgage securities sold by the bank and its units remain at a standstill, according to people familiar with the matter.

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Related Topix: Home, Mortgage, Banking, Bank of America, Financial Services, US News

Wed Jul 09, 2014

Tri-cityherald.com

Mortgage registry ruling could aid Pa. counties

U.S. District Judge J. Curtis Joyner in Philadelphia ruled June 30 that Mortgage Electronic Registration Systems and its parent company, Merscorp Inc., collectively known as MERS, violated Pennsylvania law by using its members-only database to circumvent county recorder of deeds offices.

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Related Topix: Home, Mortgage, Montgomery County, PA, Philadelphia, PA, Foreclosures

Tri-cityherald.com

Memphis 'Blue Flu' symbol of pension troubles

Cuts approved by the City Council have led to protests from city workers, including police and fire staff, who say they cannot afford the changes and feel betrayed by a city they have served and protected.

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Related Topix: Pension, Fire, Economics News, Bankruptcy, US Politics, US News, US House of Representatives, Democrat, Rahm Emanuel, Illinois

Northern Michigan News

Fed split on signals for first rate increase

Federal Reserve officials are in broad agreement that they will likely announce an end to their monthly bond buying program in October, bringing to a close the third round of massive bond purchases the central bank has relied upon to boost economic growth following the Great Recession.

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Related Topix: Financial Markets, Mortgage, Home

Andover Advertiser

One million expected to strike

The Government will today be hit by the biggest strike over pay since it came to power when over a million public sector workers will walk out in bitter disputes over pay, pensions, jobs and spending cuts.

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Related Topix: Pension

KXLY-TV Spokane

Yes, the economy is getting better

In the case of the Federal Reserve's unprecedented stimulus program that has been a big driver of the five-year stock rally, the end is finally near.

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Related Topix: Mortgage, Home

WFAA-TV Dallas

Study: Families divided over personal finance decisions

When it comes to family conversations, many parents aren't discussing their retirement plans or other financial matters with their adult children.

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Related Topix: Retirement, Estate Planning, Kids, Family

Brandon Sun

Loonie flat amid Canadian housing starts, key employment report on Friday

There was little movement with the Canadian dollar Wednesday amid stronger than expected figures for Canadian housing starts, and ahead of a key employment report on Friday.

Comment?

Related Topix: North America, Canada, World News, Home, Mortgage, Housing

KMIZ

Citigroup faces $7B mortgage reckoning

Published reports say Citi is close to $7 billion deal to settle charges that it packaged bad mortgages during the run-up to the financial crisis.

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Related Topix: Home, Mortgage, Housing, Foreclosures

Switched

Citigroup May Pay $7 Billion To Resolve Mortgage Probe

Citigroup Inc is close to paying about $7 billion to resolve a U.S. probe into whether it defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, a source familiar with the matter said on Tuesday.

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Related Topix: Home, Mortgage, Banking, Financial Services, Citigroup, CitiMortgage, US News, Reuters

KMIZ

Stocks: 5 things to know before the open

There's only one game in town Wednesday and that's the latest insight into Federal Reserve thinking on interest rates.

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Related Topix: Financial Markets, Mortgage, Home

Daily Journal

Stocks fall for a second day; Nasdaq slumps

U.S. stocks are falling in midday trading Tuesday as investors await corporate earnings reports this week.

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Related Topix: Financial Markets, Mortgage

Tue Jul 08, 2014

KRVN-AM Lexington

Markets Drop Again, Mortgage Crisis Continues to Affect Homeowners

The markets tumbled on Tuesday, amidst a new report on the ongoing impact of the mortgage crisis.

Comment?

Related Topix: Mortgage, Home

Bellingham Herald

Customs under fire for sweeping scans of employeesa personal data

In one program, the agency's internal affairs division shared employees' Social Security numbers with the FBI, looking for possible criminal leads.

Comment?

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

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