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A big day for the 1%

Posted by mortgage 21 days ago (Editorial)
The Dow Jones Industrial Average hit 13,338 Tuesday, it?s highest since December, 2007. The S&P 500 added 16 points. Wall Street will remember May 1 as a great day. But most of these gains are going to the richest 10 percent of Americans who own 90 percent of the shares traded on Wall Street. And the lion?s share of the gains are going to the wealthiest 1 percent. Shares are up because corporate
LUCKEY - After faithfully paying her mortgage for years, Belinda Brooks worries that she might lose the house she has made into a home for her family.
Judge certifies class action status for investors in $698 deal backed by risky mortgages.
NEW YORK ? One day after it was among five major banks sued by Massachusetts over deceptive foreclosure practices, GMAC Mortgage said Friday that it will stop purchasing new mortgage loans written by third parties in the state. The mortgage origination and servicing arm of Ally Financial Inc. said it will honor all commitments with correspondent lenders and wholesale brokers through Monday. The .
In the world of technology, gadgets improve drastically from year to year. If you look at the first iPod compared to the most recent iPod touch, for example, you can tell how quickly they?ve progressed from clunky and really only good for storing and playing music, to a device that?s lightweight, thin, has a touch [...]
All the business and finance news to help you feel smart this morning.
The nation?s largest online retail mortgage lender uses Twitter to ask, ?What makes your Dad amazing??
Just as the name implies a reverse mortgage works in the reverse way a usual mortgage works.

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