AGs weeks from filing foreclosure settlement documents (NECN: Peter Howe, Boston) – Back in February 2012, to front-page headlines coast to coast, Massachusetts’ Martha Coakley and attorneys general from 48 other states signed a huge foreclosure relief.
They are: the UBS ETRACS Monthly Pay 2X Leveraged Mortgage REIT ETN (MORL) and a twin, which is essentially identical in all economic respects, the UBS ETRACS Monthly Pay 2X Leveraged Mortgage REIT.
LA man sentenced to 11 years in foreclosure scam Detroit’s $1,000 houses may be a lousy deal · The first house sold by the Detroit Land Bank sold for $86,499. It was purchased for $10,500, and the owner put $35,000 into the renovation, which means he made a profit of $41,000.has been sentenced to five years for a foreclosure scam in which dozens of struggling Bay Area and. Michael Douglas Young of Los Gatos, Calif. were based on 11 cases of fraud and theft totaling.
The Philly Fed Business Outlook hit a 25.8 for February. That’s a very strong reading that lands outside of even the high range of the consensus. It’s also a few points higher than the prior reading of 22.2. PPI-FD The Producer Price Index ticked up 0.4% in January. That puts it at 2.7% year over year.
Rising UK Borrowing Sets Stage for Bank of England Rate Hike. The BoE said British lenders approved 65,619 mortgages in June, a five-month high and up from 64,684 in May. A Reuters poll of economists had pointed to a reading of 65,500. There was also a bigger-than-expected increase in lending to consumers.
Ever wonder how you may be able to pay off your #mortgage within 5-7 years (depending on your situation) without adding a single penny to your payment and not #refinancing? Sam Kwak is going to.
Mortgage Rates Hit Three-Month High. October 26, 2017. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by combined lenders index was four percent for loans closed in late September, down five basis points from 4.05 percent in August, while the average.
The downtrend from November, line a, was finally broken as stocks were topping in the latter part of January, signaling that the market was trending lower. The ADX peaked in early February when the.
Agency loans hit new series high. The composite national mortgage Risk Index for Agency purchase loans stood at 12.33% in May, up 0.4 percentage point from the average for the prior three months and up 0.7 percentage point from a year earlier, according to the American Enterprise Institute’s International Center on Housing RIsk.
Explosive allegations in BofA hearing over $8.5B MBS settlement A New York State Supreme Court judge continued hearing explosive allegations in an article 77 hearing that will determine whether Bank of America’s (BAC) massive .5 billion mortgage-backed securities settlement with investors is approved. Investors have been pushing back at the settlement for well over a year, Seeking Alpha reports.
Reason Why MORL Offers a Double-Digit Dividend Yield. Since the ETN offers twice the leveraged exposure to the MVIS Global Mortgage REITs Index, MORL receives two times the dividend payments that each of its underlying index’s constituents pay out. As of July 31, 2016, MORL’s underlying index had a dividend yield of 11.40%, and MORL had a dividend yield of over 20%.