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Near-retirees need a plan for debt
Retiring a mortgage can be the biggest boost to cash flow. But like the sequestration that continues to play out in Washington, it might be time for some pre-retirees to engage in their own personalized version of across-the-board spend- ing cuts.
Legg Mason's Bill Miller seeks redemption as housing bull
Legg Mason Inc.'s Bill Miller, who beat the S&P 500 for a record 15 years before crashing on bank stocks, is seeking redemption as a housing bull.
Buffett makes $3.85B bid for ResCap mortgage business
Warren E. Buffett, whose prediction last year of a housing recovery was premature, is raising his bet on a rebound with his $3.85 billion bid for a mortgage business and loan portfolio from bankrupt Residential Capital LLC.
‘Good Morning Vietnam' DJ accused of preying on troubled homeowners
A company run by Adrian Cronauer has been accused of improperly sought thousands of dollars in up-front fees in exchange for helping borrowers negotiate better mortgage terms by a Washington-based fair-credit watchdog.
Is the real estate downturn over?
“Well, real estate is always good, as far as I'm concerned.”— Donald Trump“If we all worked on the assumption that what is accepted as true is really true, there would be little hope of advance.”— Orville WrightJust five or six years ago, there was near universal agreement with the Donald Trump
False bottom? Home prices plunging again
Housing values down 3.7% in November in 20 major cities; 'a turn for the worse'
Thirty-year fixed still fixed below 4%
Eight straight weeks home loans have hovered around record lows; should client's refi?
Fund ready to place bets on individual mortgages
The housing market might be down, but that has not eliminated the $13 trillion mortgage marketplace, which is rich with investment opportunities.
No mortgage rebound until 2015: KB&W
Market has hit bottom, firm says — and will stay there for a while; no income, no houses
Mortgage rates surge, now at 'extremely low levels'
Thirty-year fixed back to 4%; move away from Treasuries could hike rates further
Genworth stock worth more on upgrade
Up 13% after Citigroup analyst said insurer can withstand mortgage-related losses
Lending drought strands advisory clients
Although interest rates are near record lows, many financial advisory clients still face a challenging lending environment for securing small-business loans and refinancing mortgages
Second-home tax break is in jeopardy
As Congress mulls new ways to increase revenue, the mortgage interest deduction on second homes is seen as a likely target for elimination
Federal refi program won't mean beans to many homeowners
Advisers say homeowners who have mortgages through private lenders will still find it hard to refinance properties and take advantage of low interest rates — even as the government moves to ease lending for federally guaranteed mortgages. “Even people with good credit are still challenged to get
Second home tax break could be first casualty of deficit wars
Advisers say mortgage interest deduction makes for an easy target for politicians; could hurt middle class more than rich, though
Explore your opportunities and be informed for your next move.
Mary Beth Franklin, InvestmentNews