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· As for buybacks losing their bang, that could reflect changing tastes for how companies use cash. Anything from a growing preference for capital investment to aversion to piling on debt to pay for.
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American International Group Inc., the bailed-out insurer, sued Bank of America Corp. over $10 billion in losses on mortgage-bond investments, saying it was the victim of a “massive fraud.” Bank of.
but the math really gets serious as the price of the home climbs. Culp offers up the example of a $3,000 monthly mortgage for a 30-year loan. The monthly payment would jump to $4,500 a month with a 15.
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They questioned the timing of the decision, forecast how Facebook might change the cryptocurrency. Citigroup’s Consumer Lending Group, where he was responsible for overseeing the risk of a $300+B.
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Shares of private mortgage insurance companies, including MGIC Investment Corp. and Radian Group Inc., erased earlier losses. Some housing industry groups lauded the change, saying it could.