Archive for the ‘Uncategorized’ Category

Battle of the Buffett Stocks: Wells Fargo vs. Bank of America

. . .   Battle of the Buffett Stocks: Wells Fargo vs. Bank of America   Piggybankblog posed on 08/20/14 Cross linked with fool.com   Over his several decades of investing, Warren Buffett has earned his position as one of the most successful investors of all time. Although the Oracle of Omaha does like to […]

+Continue Reading

U.S. mortgage applications rise in latest week : MBA

. . .     U.S. mortgage applications rise in latest week : MBA   Piggybankblog posted on 08/20/14 Cross linked with reuters.com   (Reuters) – Applications for U.S. home mortgages rose last week as demand for refinancing increased, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of […]

+Continue Reading

How The HARP Mortgage Changed The Way U.S. Homeowners Refinance

. . .   How The HARP Mortgage Changed The Way U.S. Homeowners Refinance   Piggybankblog posted on 08/19/14 Cross linked with themortgagereports   The traditional home refinance has changed. The result of extra-forgiving loan programs including HARP 2.0, the VA-to-VA refinance, and the FHA Streamline Refinance, today’s underwater homeowners are getting access to low rates […]

+Continue Reading

Mortgage Applications Are Going Nowhere — Here’s Why That Tells Us Nothing About The Health Of Housing

. . .     Mortgage Applications Are Going Nowhere   Piggybankblog posted on 08/19/14 Cross linked with businessinsider   The widely-followed MBA weekly mortgage application index used to be considered a leading indicator for home sales.   But in recent years mortgage applications have been flat while home sales have risen, according to Hui […]

+Continue Reading

The Bulgarian Banking Disaster

. . .   The Bulgarian Banking Disaster   Piggybankblog posted on 08/19/14 Cross linked with forbes.com   Two months after it was taken into conservatorship by the Bulgarian National Bank (BNB) after a catastrophic bank run, Bulgaria’s CorpBank is still closed. Well, nearly closed. It is now open for loan repayments. Depositors can’t get their […]

+Continue Reading

Inside The Dark, Labyrinthine, and Extremely Lucrative World of Consumer Debt Collection

. . .   Inside The Dark, Labyrinthine, and Extremely Lucrative World of Consumer Debt Collection   Piggybankblog posted on 08/18/14 Cross linked with nytimes.com   (Written by Jake Halpern) — One afternoon in October 2009, a former banking executive named Aaron Siegel waited impatiently in the master bedroom of a house in Buffalo that […]

+Continue Reading

Beware the shortcomings of data on home prices and mortgage rates

. . .   Beware the shortcomings of data on home prices and mortgage rates     Piggybankblog posted on 08/18/14 Cross linked with latimes.com It has been said that figures lie and liars figure. But even when the numbers are truthful, they often are nearly meaningless. Take average home prices. They are widely reported […]

+Continue Reading

Bank Overseer PwC Faces Penalty and Sidelining of Regulatory Consulting Unit

. . .   Bank Overseer PwC Faces Penalty . Piggybankblog posted on 08/18/14 Cross linked with nytimes   The giant consulting firm PricewaterhouseCoopers occupies a position of trust on Wall Street, acting as a shadow regulator of sorts that promises the government an impartial look inside the world’s biggest banks. But the firm — […]

+Continue Reading

US banks plan ahead for UK exit from EU

. . .     US banks plan ahead for UK exit from EU   Piggybankblog posted on 08/18/14 Cross linked with ft.com   Wall Street banks are drawing up preliminary plans to move some London-based activities to Ireland to address concerns that the UK is drifting apart from the EU. People familiar with Bank […]

+Continue Reading

Stated income loans make comeback as mortgage lenders seek clients

. . . . Stated income loans make comeback   Piggybankblog posted on 08/18/14 Cross linked with reuters.com   (Reuters) – Mortgage applicants who can’t provide tax returns or pay stubs to show their income are getting stated income loans again as companies such as Unity West Lending and Westport Mortgage chase customers they can […]

+Continue Reading

Warning: call_user_func_array() expects parameter 1 to be a valid callback, function 'w4sl_insert_visitor' not found or invalid function name in /home/piggybank/www/www/wp-includes/plugin.php on line 470