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Bank of America $8.5 billion settlement heads for court showdown
Reuters* Case involves Countrywide mortgage securities * Trustee BNY Mellon to present case for deal approval * Investors including BlackRock, Pimco support accord * AIG, Federal Home Loan banks call settlement inadequate By Karen Freifeld NEW YORK, June...Tags: Banking, Countrywide Financial Corp., Trials, Bank of America Corp., Finance
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Skittish tone after volatile week for US high-grade market
ReutersBy John Balassi June 3 (IFR) - Although stock futures are in the green Monday morning, tone in the credit markets remains skittish - and it has becoming increasingly tough for syndicate desks to correctly predict the week's supply. Consensus for this...Tags: Janet L. Yellen, Credit Ratings, Nikkei, Federal Reserve, Finance
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Congress, Obama should look at big picture on college affordability
San Jose Mercury NewsThe following editorial appeared in the San Jose Mercury News on Friday, May 31: Congress is again debating what to do about interest rates for federal student loans, which are set to double July 1, to 6.8 percent. Several proposed solutions are...Tags: Barack Obama, U.S. Congress, Teaching and Learning, Finance, Education
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Susan Tompor: Drive around to find better parking spot for extra cash
Detroit Free PressRewards, it would seem, don't just apply to credit cards. Savvy savers who want to squeak out an extra $200 to $400 in interest in a year can do it; yes, even in this super-low-rate environment. But savers need a chunk of cash and some patience to dig...Tags: Family, Colleges and Universities, Financial and Business Services, Freedom of the Press, Teaching and Learning
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Joseph Haskins Jr. navigated Harbor Bank of Maryland through tough times
At one point during the three years that Harbor Bank of Maryland operated under heightened federal scrutiny, a regulator asked CEO Joseph Haskins Jr. why he stuck it out. Why not just retire? But for Haskins, one of the founders of the Baltimore bank in...
Tags: Business Enterprises, Harbor, Financial Markets, Housing and Urban Planning, Realty
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Wilson College buyback program part of a plan to increase enrollment
roxann.miller@herald-mail.comLeslie Hoover graduated from Wilson College in May with a double major in accounting and economics. She’s one of the fortunate ones to graduate debt-free. Some of her friends weren’t as lucky and are scrambling to find jobs. Six months...Tags: Education, Colleges and Universities, Economy, Business and Finance, Teaching and Learning, Students
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Obama, Congress reenact battle over student loan rates
WASHINGTON -- President Obama complained about the looming interest rate hike on student loans in a Rose Garden event Friday morning and urged Americans to call, write and tweet their Republican members of Congress to do something about it. But on...Tags: Barack Obama, U.S. Senate, U.S. Congress, White House, Republican Party
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Obama pushes to hold down student loan interest rates
Reuters* Interest rates on federal loans set to double July 1 * Obama's plan includes fixed rate for the life of loan * Obama has threatened to veto Republican plan By Elvina Nawaguna WASHINGTON, May 31 (Reuters) - President Barack Obama on Friday pushed his...Tags: John Boehner, Barack Obama, White House, U.S. Congress, U.S. Senate
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California lawmakers OK a dozen gun-control measures
SACRAMENTO — California lawmakers Wednesday advanced a dozen gun-control measures, including background checks for ammunition buyers, and gave early approval to a tax penalty on the Boy Scouts for barring openly gay leaders. Legislators also voted...Tags: Ricardo Lara, Mark DeSaulnier, Social Organizations, Clubs and Associations, Social Issues
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Federal regulators ease definition of qualified mortgage
Federal regulators have eased the definition of a qualified mortgage — a presumably safe and affordable home loan — to enable small banks and credit unions to help more marginal borrowers. The changes, announced this week, help fine-tune...Tags: U.S. Consumer Financial Protection Bureau, Economy, Business and Finance, Mortgages, Consumers, Finance
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Money from China? Then "Made in China", shipowners told
ReutersBy Rujun Shen SINGAPORE, May 29 (Reuters) - Chinese banks have sharply increased loans to global shipowners as European lenders retreat from the market but some are driving a hard bargain: the finance often comes with the condition that vessels be...Tags: Softball, Government, Sports, Diana Shipping Incorporated, Finance
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The Home Economist: Middle-income students face tough loan decisions
The Miami HeraldCollege acceptance season is going well for Miami high school student Jennifer Jackson. She was wait-listed at Yale University and accepted to Boston University, Rensselaer Polytechnic Institute and the University of Florida. Her father, Gato Jackson,...Tags: Dwayne Johnson, Financial Aid, University of Wisconsin-Madison, Graduation, Family
Jun 3, 2013
|Story| Reuters
Jun 3, 2013
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Jun 3, 2013
|Story| McClatchy-Tribune
Jun 3, 2013
|Story| McClatchy-Tribune
May 31, 2013
|Story| Baltimore Sun
Jun 2, 2013
|Story| Herald Mail
May 31, 2013
|Story| Los Angeles Times
May 31, 2013
|Story| Reuters
May 29, 2013
|Story| Los Angeles Times
May 31, 2013
|Story| Los Angeles Times
May 28, 2013
|Story| Reuters
May 28, 2013
|Story| McClatchy-Tribune
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