Amy Jo Lauber, president of Lauber Financial Planning, has only done one reverse mortgage with a client over the course of her 22-year-long career.
A former client living in North Carolina owned a home worth close to $800,000 and had 100% equity in the property. It was one of the only assets she retained in a divorce from her husband, and she didnt want to move because of her strong emotional attachment to it.
A reverse mortgage helped the woman get an income stream for life and keep the house, according to Ms. Lauber. It was really only needed in that situation, but it was the right situation and Im glad we used it, she said.
The question of how to finance a global transition from fossil fuels to clean energy is perhaps the most critical and difficult issue in the upcoming United Nations climate negotiations that will take place in Paris, starting in late November. Three contentious issues are on the table.
First, how should developed countries mobilize $100 billion a year by 2020 for mitigating and adapting to the adverse effects of climate change, largely through the Green Climate Fund (GCF) agreed upon during the Cancun round of UN negotiations. Second, what should be the balance between public and private sector funding in reaching the $100 billion a year goal. Third, to what extent should public funding...
Money doesnt mean that much to Rory McIlroy anymore. Asked about it ahead of the season-ending Tour Championship, where he has a chance to claim the FedEx Cup and its $10 million prize, Rory said winning tournaments is all he thinks about nowadays.
It wasnt always that way, though. While winning remained his first priority, there were times he wasnt used to the amount of money coming his way. Like when he was 18 and, after finishing in the top-10 in his second start as a pro, he spent his money on an expensive new watch:
I remember I wanted this watch. I was sort of looking at this watch for a while and I remember it was the week after the Dunhill Links in 2007 and it was one of the bigger...
Its one of the fastest-growing telephone scams in the US that has netted more than $20 million since 2013.
The victim gets a phone call from someone claiming to be an IRS employee. The fake agent tells them they owe taxes and must send cash loaded onto prepaid debit cards or face the dire consequences: arrest, deportation or drivers license suspension.
Its known as an IRS impersonation telephone scam and officials say it has so far claimed 4,200 victims.
The Treasury Inspector General for Tax Administration, J. Russell George, called it the largest, most pervasive impersonation scam in his offices history last month in testimony before a US Senate budget committee.
Mid America Mortgage will utilize document preparation and electronic signature and vaulting technology developed by DocMagic to facilitate paperless mortgage closings complete with e-signed promissory notes.
The technology implementation marks the first time that a lender has enabled a full e-mortgage capability using both DocMagics flagship doc prep software and the eSignSystems electronic signature, notary and vaulting platform that the Torrance, Calif.-based vendor acquired in October 2014.
The move comes as the mortgage industry prepares for the Oct. 3 implementation of the Consumer Financial Protection Bureaus TILA-RESPA Integrated Disclosures, also known as TRID, two new borrower...
Financial technology start-up Social Finance, or SoFi, received $1 billion in funding led by SoftBank on Wednesday. This marks the largest single financing round in fintech to date, according to the release announcing the funding. However, SoFi co-founder and CEO Mike Cagney told CNBCs Squawk Alley hes not necessarily ready for an initial public offering.
I think that it gives us some time, and some option in terms of when we want to go public, he said. I think its a phenomenal endorsement of SoftBank on SoFis business model and how were executing, but more importantly, on the vision of SoFi.
Cagney said that vision does not include being the origination arm of a bank.
Xerox Corporation (NYSE:XRX) traded with a cut of -0.04 points or -0.38% at $10.58 per share. As per the last available information, the stock aggregated $10.63 million in upticks and $6.87 million in downticks, keeping the net money flow capped at $3.76 million. The up/down ratio was found to be 1.55. For the week, the shares have seen a change of 1.44% in the share price.A block trade of $4.37 million in upticks and $0.84 million in downticks also took place during the day. The up/down ratio for the block stood at 5.18. The net money flow for this transaction was $3.53 million.
Xerox Corporation (NYSE:XRX) has received a short term rating of sell from research analysts at Zacks...