Monthly Archives: August 2015

Mortgage Madness Returns

Last month I bought a house in Potomac, Md., a trade-up on my current home, and was shocked to learn in the ensuing weeks that I couldnt get a mortgage loan. First, I went to PNC bank. Then Wells Fargo. … Continue reading

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Heartland Bank to purchase American Midwest in cash sale

The Bloomington-based bank#x2019;s parent company, Heartland Bancorp Inc., is buying American Midwest Bank. Pending federal regulatory approval, the sale is expected to be completed by year#x2019;s end or early 2016. Details of the cash transaction were not disclosed. #x201c;The transaction … Continue reading

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FBI says key player in East Bay mortgage scam takes plea deal

The company is the largest privately-owned construction company in the Bay Area for building homes, so its huge. They build a lot of homes, said Michele Ernst, a public affairs specialist for the FBI. Ayman Shahid worked for Discovery Sales, … Continue reading

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Consider reverse-mortgage costs

Seniors considering a reverse mortgage should keep in mind that windstorm insurance would be required, and the cost of such insurance may outweigh the benefits of the reverse mortgage. Many seniors whose mortgage loans are paid off have dropped windstorm … Continue reading

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Oxford Lane Capital Has ‘Got Some Splainin’ To Do’ (OXLC)

As I Love Lucys Ricky Ricardo often said to his wife Lucy, Honey, you got some splainin to do, so might Oxford Lane Capital (NASDAQ: OXLC) shareholders expect some explanation from the funds management after it quietly announced its quarterly … Continue reading

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Mortgage 101: Demystifying interest rates

A few months ago, I explained how difficult and confusing it is to try to predict what interest rates are going to do. When economic fundamentals are in play, predicting and forecasting rates can be quite simple and straightforward. However, … Continue reading

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Prepare like a politician when it comes financial planning

We suggest you add a little politics to your household financial planning. The objective is to use this current federal election to motivate you to consider your own priorities. This years federal election, to be held Oct. 19, is going … Continue reading

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Active Stocks Roundup: Vertex Pharmaceuticals (NASDAQ:VRTX), SVB Financial …

On Wednesday, Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX)’s shares inclined 1.30% to $137.64. Vertex Pharmaceuticals Incorporated ( VRTX) expressed combined monetary results for the quarter finished June 30, 2015. Vertex likewise raised its budgetary direction for aggregate 2015 KALYDECO┬« (ivacaftor) incomes and … Continue reading

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Think twice before taking out high-interest loans to pay school expenses

Financial experts predict families will spend anywhere from $600 TO $1,200 getting their kids ready to go back to school. But what if you dont have that money? Experts say if youre considering a personal loan, proceed with extreme caution. … Continue reading

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Making the most out of personal loans

Cash flow can be a problem for many people. And one solution to pay off an unexpected amount of money — say for medical bills, travel, tuition, etc — can be personal loans. But when you opt to borrowing to … Continue reading

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