US Homeownership Demographics Are About To Radically Change

Moriah Costa, Reuters via Business Insider Minorities will account for more than one-third of U.S. households by 2025 and make up nearly half of first-time homebuyers, according to a study released on Thursday. The Joint Center for Housing Studies of Harvard University estimated the number of households, which currently stands at slightly more than 122 […]

NY Appellate Court Says Sanctions Against Wells Fargo Went Too Far

David Dunn, Victoria McKenney and Jessica Ellsworth of Hogan Lovells For Reuters A New York state judge’s order sanctioning Wells Fargo for failing to negotiate during a foreclosure settlement conference violated the bank’s constitutional rights, a state appeals court ruled Wednesday. The Appellate Division, Second Department, reinstated a foreclosure action brought by Wells Fargo Bank […]

JPMorgan Chase Expected To Ge Spanked By Uncle Sam

Brett Wolf and Carrick Mollenkamp and Emily Flitter, Reuters via Huffington Post A U.S. regulatory probe of JP Morgan Chase & Co is expected to result in an order that the bank correct lapses in how it polices suspect money flows, in an action expected as soon as Friday, people familiar with the situation said. […]

AIG Mulling Lawsuit Alleging Unfair Bailout Terms By U.S. Government

Reuters via Huffington Post American International Group Inc, the insurer rescued by the U.S. government in 2008 with a bailout that ultimately totaled $182 billion, may now join a lawsuit against the government alleging the terms of the deal were unfair. The news prompted a swift reaction from one of AIG’s rescuers, with the Federal […]

Who In the World Of Finance Will End Up Like Augustus Gloop In 2013?

It’s Highly Unlikely They Will Receive An Umpa Lumpa Song Upon their Departure Dominic Elliott and Antony Currie, Reuters The authors are Reuters Breakingviews columnists. The opinions expressed are their own At least one of the three big bank chief executives to survive the financial crisis could be without a job by the end of […]

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