Renovation loans could expand Hispanic homeownership options

It’s been in the headlines for weeks now: Social Security is just six years away from a devastating 22% benefit cut, unless the government intervenes. Politicians on both sides of the aisle agree that this is a serious issue that needs fixing, but so far, they haven’t been able to put together a plan that…

Although JPMorgan recently showed that AI can outperform a 60-40 portfolio, investors are still likely to turn to human advisors during economic turmoil. Processing Content JPMorgan turned heads last week with a report suggesting that AI investing agents could beat the returns of a standard 60-40 portfolio, which allocates 60% of an investor’s assets to…

Beyond the missed payments, the lawsuit alleges the borrower breached an operating covenant that limits how much of the facility can be tied to a Governmental Payor Program – no more than 25% of residents under the first loan agreement, or 25% of beds under the second. The suit also says the borrower failed to pay insurance…

The number of foreclosure prevention actions by Fannie Mae and Freddie Mac continued to slow in May, dropping by 7.8% from the prior month. Processing Content However, since the government-sponsored enterprises entered conservatorship in September 2008, total foreclosure prevention activity undertaken has now topped 7.4 million, the Federal Housing Finance Agency report said. The May…

At the center of the case are 32 investment agreements between EFG and investors, with maturity dates starting in September 2026 and a combined value of $9,633,016.85. The products were described to investors variously as term deposits, third-party investments, or GICs, and each carried the same core pitch: a guaranteed return of principal at maturity,…