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Thursday, March 21, 2013

Reuters Money: Stern Advice: New math for old mortgages

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03/21/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Stern Advice: New math for old mortgages
WASHINGTON (Reuters) - Wouldn't it be great if you could simply refinance your own high-interest mortgage, without going through a bank or paying closing costs?
50-Somethings have their own healthcare crisis
(Reuters) - At 54, Steven Eisen knows he's pretty lucky to be considering retirement from his Nashville law firm within the next year. But beyond the usual financial considerations, he has another advantage unavailable to most workers today: guaranteed employer-sponsored health benefits until he turns 65.
Getting past America's bad case of retirement blues
CHICAGO (Reuters) - The economic recovery is not helping Americans shake a bad case of the retirement jitters.
Justice Department probing banks' role in fraud by customers
WASHINGTON (Reuters) - The U.S. Justice Department is examining the role financial institutions play in fraud schemes perpetrated by bank customers offering deceptive products, a department official said on Wednesday.
UK unleashes the dogs of subprime: James Saft
(Reuters) - Cry 'Bubble!' and let slip the dogs of subprime.
"Rogue financier" Homm indicted in U.S. in $200 million fraud
(Reuters) - Florian Homm, a flamboyant hedge fund manager who was arrested in Italy this month after five years on the run, has been indicted by a federal grand jury in Los Angeles for running what prosecutors called a fraud that caused investors to lose $200 million.
Congressional Republican leader reassures muni bond issuers
WASHINGTON (Reuters) - One of the most powerful members of the Congress - House Majority Leader Eric Cantor - signaled his support on Wednesday for maintaining the tax exemption of interest paid by municipal bonds, offering reassurance to the state and local governments that use the debt to finance infrastructure and other projects.
Prominent entrepreneur says Goldman misrepresented debt fund
(Reuters) - The founder of a global medical device company who racked up personal losses of $1.4 million in a Goldman Sachs private debt fund is concerned about practices that may lure investors into securities that are riskier than sales pitches indicate.
Ex-Oregon governor candidate charged in Facebook IPO fraud
NEW YORK (Reuters) - A former Oregon gubernatorial candidate was arrested on Tuesday for his alleged role in defrauding investors who had hoped to buy shares of Facebook Inc before its initial public offering in May 2012, federal authorities said.
Judge orders fake fund manager Hicks to prison for 40 months
BOSTON (Reuters) - Andrey Hicks, who invented an Ivy League resume and Wall Street credentials to steal $2.3 million from investors for a made-up hedge fund, will spend more than three years in prison, a judge ordered on Tuesday.
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