Homebuyers can still snag the absolute lowest rates, especially if they don’t plan on staying in their first home for more seven years. U.S. mortgage rates have risen in the aftermath of the presidential election, as potential homeowners face higher monthly payments amid a stagnant economy with slow wage growth.
Category: Home
Citigroup’s Larsen Exits as Retail Banking, Mortgage Head
Citigroup Inc.’s global head of retail banking and mortgages, Jonathan Larsen, who has been known as an advocate of digital banking, resigned for personal reasons, the lender said. The New York-based bank is yet to choose a replacement for his “critical role,” it said in an internal memo dated Dec. 9. Citigroup spokesman James Griffiths confirmed the contents of the document.
The 6 Best Tax Deductions for 2017
Most U.S. taxpayers can agree on one thing: We’d all like to pay as little as possible. Thankfully, there are a number of tax deductions that can shield more of your income from the IRS.
Time to Get a Reverse Mortgage in 2017?
Many seniors struggle financially in retirement. If you need a way to generate extra cash, you might be contemplating a reverse mortgage.
Deutsche Bank Admits Misleading Clients in Dark Pool Trades
Deutsche Bank AG agreed to pay $37 million and admit to misleading customers about its dark pool stock-trading platforms to settle a joint state and federal probe, bringing the bank a step closer to resolving several potentially costly legal challenges in the U.S. The bank will admit to violating state and federal securities laws over a two-year period by failing to address known technical problems with its proprietary dark-pool ranking model, the U.S. Securities and Exchange Commission and New York Attorney General Eric Schneiderman said Friday. “Misleading and self-serving statements that defraud investors will not be tolerated,” Schneiderman said.