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JPMorgan With Wells Fargo Lose Share to Small Rivals: Mortgages
(JPM) originations decreased 42 percent to $23.3 billion, outpacing the 27 percent fourth-quarter drop forecast by the Mortgage Bankers Association for the industry. Big banks are facing dual challenges of increased competition and a plunge in home

Judgment reserved on Fed first lady Janet Yellen
Judgment reserved on Fed first lady Janet Yellen Officially, the Fed has a dual mandate to maintain price stability while also maximising employment, something Democrat Yellen says can be done. “The mandate of the Federal Reserve is to serve all the American people,” she QE3, the third

CFPB shores up mortgage protections for military servicemembers
CFPB shores up mortgage protections for military servicemembers Lenders who proceed with a foreclosure against a homeowner, while simultaneously working with that borrower on a loan modification are dual tracking. The CFPB has said that mortgage servicers may no longer engage in dual tracking in any way, shape, 

JPMorgan boss saw 74% pay raise
JPMorgan boss saw 74% pay raise While JPMorgan emerged from the financial crisis as the only large US bank to avoid quarterly losses, the trading debacle in 2012 prompted some investors to call for the splitting of his dual roles. Shareholders rejected that proposal at a meeting in

Fed. Housing Finance Agency Dir. Ed DeMarco: on heels over Dual Track

The Senate Banking Committee held hearings Wednesday, probing mortgage services and foreclosure practices. Visit:

Federal lawsuit accuses Wells Fargo of unlawful foreclosure of Starkville man's home

Nationally, Wells Fargo, one of the largest banks in the United States, has been rocked with scandal over the last couple of years for creating fraudulent bank and credit cards accounts. Several lawsuits have been filed by Mississippians against Wells Fargo and other associated companies.

Last year, federal regulators announced a $1 billion penalty against Wells Fargo as punishment for its actions in its mortgage and auto loan businesses.

And last week, Mississippi Attorney General Jim Hood announced the state will receive more than $2.5 million of a $575 million multistate settlement reached with Wells Fargo to resolve claims that the bank violated state consumer protection laws.

Similar to the foreclosure lawsuit filed last week, Sandra Cummings, a  Eupora widow, filed a federal lawsuit in April against Wells Fargo Bank alleging the bank initiated foreclosure on her home without giving her notice.

Metro areas ranked by affordability, home price growth

“Some of those cities above the national average are experiencing a very robust recovery from the housing crisis. Areas that were very hard hit like Las Vegas, Tampa and Detroit are bouncing back,” says Ralph McLaughlin, deputy chief economist at CoreLogic.

New York, Washington, D.C., and Chicago, McLaughlin points out, are places that once led price growth and are now finally slowing down. He does, however, expect parts of New York and Washington to see a bump in prices due to eager investors who want to capitalize on the new Amazon headquarters.

New York and Washington remain largely unaffordable for most homebuyers, even with lagging price growth. Metro areas like Las Vegas are more homebuyer-friendly; for folks there, it might be wise to lock in a home now before prices climb higher.

Affordability ranking by city

By calculating annual median wage for full-time workers and using a 4.5 percent interest rate on a 30-year mortgage to buy a house at the median listing price, we used Bankrate’s “income required for mortgage” calculator , to estimate affordability in the top and bottom three cities for price growth. Here’s what we found.

is dual mortgage on split investment property possible?

I'm looking to form a real estate partnership with a sibling, and I'm curious if it is possible to do something specific.

Can two people jointly own a property, put down a separate down payment and each get a separate mortgage on the property.