Archive for August, 2013


QM Rule Changes Avert a Housing Recovery Slowdown

It’s a rare circumstance that benefits both lenders and borrowers. But changes to the upcoming Qualified Mortgage Rule, aimed at preventing the kind of subprime mortgage crisis that created the great housing collapse, might do just that – and head off a potential roadblock to the emerging housing recovery. The Qualified Mortgage, or QM Rule, […]

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AMA

AMA 59 – Logan Mohtashami: Student Loan Debt and The Economy

Jason talks with financial expert Logan Mohtashami regarding the massive student loan debt problem and how students can make smarter decisions. They also discuss where the economy is going. Logan Mohtashami is a senior loan manager at his family-run mortgage company, AMC Lending Group, which has been providing mortgage services for California residents since 1987. […]

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AMA

Prosecutors Race the Clock in Bank Fraud Cases

By last count, the nation’s big banks have spent $66 billion in the last three years to fight an array of civil and criminal charges for misconduct ranging from foreclosure fraud to bribery. But there’s more to come. Although the US Department of Justice, aided by the attorneys general of all 50 states, has been […]

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Septaper’s Coming: Are You Ready?

After months of mixed messages, the Federal Reserve now says it plans to taper off its massive buyou of mortgage-backed securities starting in September 2013. But although those plans could change again, the financial world is bracing for the effects of a process the media have given the awful moniker of “Sptaper.” Just a year […]

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Social Media Tools: A Game Changer for Investors

Social media has forever changed how people do business. From the early days of personal blogs and Facebook accounts for chatting with family and friends, social media sites ranging from the obvious old standbys like Twitter and Facebook to more specialized professional services like LinkedIn have leveled the playing field for both business people and […]

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Fannie and Freddie Tweak the Numbers For Profit’s Sake

In the nearly five years since the nations historic housing collapse, megalenders Fannie Mae and Freddie Mac have gone from bankruptcy and government bailout to posting record profits. But as Washington policy makers ponder their future, a new report from the two agencies’ overseers claims that those profit numbers may be offset by Famine and […]

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Eminent Domain Seizures Threaten Mortgage Lending

Every state has the right of eminent domain – the legal right to seize private property for the public good. Cities generally exercise those rights for things like building roads or schools. But one California city is using its eminent domain rights to seize homes in danger of foreclosure –with potential repercussions for the mortgage […]

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Is Retirement Hazardous To Your Health?

The conventional picture of retirement – a time when there’s no clock to punch and the days are filled with hobbies and family – has been the holy grail of the American workplace for decades. But a slumping economy and changing workplace realities are forcing many would be retirees to keep working, or start new […]

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Don’t Skip The Home Office Deduction

It’s the age of the entrepreneur. Economic hardships, job dissatisfaction and a desire to take charge of their own financial future are among the reasons why more people than ever before are creating businesses and launching investing ventures from home. That means creating a workspace at home – and while home office expenses are easily […]

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Short Term Renters Try Communities Before They Buy

The new wave of American retirees is challenging traditional thinking about housing in retirement. The stereotype of the old folks serenely sitting on the porch of the house they’ve owed for forty years has given way to a new kind of retiree – restless, peripatetic and often inclined to abandon the old homestead for a […]

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Bank Fraud Investigations Keep On Coming

The housing market is finally back on track after the catastrophic collapse of a few years ago. But the damage done by the nation’s biggest mortgage lenders continues to unfold, Bank of America has been grabbing headlines for its ongoing and unapologetic bad behavior, but now JP Morgan Chase, another of the megabanks responsible for […]

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Well-Crafted Agreements Prevent Legal Woes

Court dockets across the country are jammed with cases large and small that hinge on loopholes in legal agreements and contracts. For income property investors, loopholes and omissions in leases and rental agreements can cause a myriad of problems that can jeopardize the investment – and potentially land both investor and tenant in one of […]

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Protection Pays: Making the Most of Insurance

Dancers insure their legs and singers insure their vocal cords. Almost anything can be insured against loss, to the point of absurdity – and the insurance industry is happy to make money off people’s greatest fears. But the right insurance can save money – even it it’s never used. And for investors looking to make […]

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Putin Decides Jailing Entrepreneurs Not Good for Economy

The concept of object permanence is pretty important in order for a human being to achieve any level of success on this planet. In short, it allows us to realize that something still exists even when it is out of sight. For example, see this can of beer I’m holding? I’m going to put it […]

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More Lawsuits Reveal Lending Industry Fraud

Second verse, same as the first. Since the housing collapse of 2008 brought to light misleading, fraudulent and downright illegal tactics by the country’s major lenders, lawsuit after lawsuit has been filed by both government and private entities against these megabanks. But in spite of all efforts to clean up the dirty side of mortgage […]

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Do New Employment Numbers Mean the Return of Stagflation?

Stagflation – that ugly combination of stagnation and inflation – was a buzzword coined in the dark economic times of the seventies and rarely heard since. But according to a new report from The Street, even though today’s employment numbers appear to hint at a modest upswing in the economic recovery, a closer look suggests […]

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Is Investing Power Shifting Westward?

The sun may be setting on Asian investing power. Although the past few years have seen a surge in growth for rapidly developing countries such as China as well as the mature economies of Japan and Hong Kong, new data reported recently by Business Insider suggest that the pendulum of economic clout may be swinging […]

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Top 5 Real Estate Scams: Old Tricks, New Tools

Scam artists flourish in desperate times. And for many people, the years following the housing collapse of 2008 have been pretty desperate, thanks to a weak economy and bleak job outlook. The resulting turmoil in the housing market has opened new doors for scammers and schemers taking advantage of new tools to target victims at […]

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Cash for Real Estate May Not Be a Bargain

Even as housing prices are continuing to rise around the country, some houses are going up for sale for unimaginably low prices – $1,000, $500 and even a dollar. But even those stunt prices don’t alter the fact that paying cash for a quick buy on a cheap property may end up yielding less than […]

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Palladium: The Other Silver Metal

Palladium is the hottest metal you’ve never heard of. Currently outperforming other precious metals in the markets, this cousin of platinum is showing its strengths even as gold, long the standard of financial stability, drops to levels not seen in three decades. The fate of palladium and gold are entwined with the ups and downs […]

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