Mortgage Servicer Slapped for Fake ‘Equity Accelerator’ Program

Colorado-based payment processing company Paymap Inc. and LoanCare Servicing, a Virginia-based residential mortgage servicer, allegedly deceived consumers with advertising for a mortgage payment program that promised tens of thousands of dollars in interest savings if consumers agreed to more frequent (biweekly) mortgage payments. According to the Consumer Financial Protection Bureau, Paymap and LoanCare were partners…

Moscovici Pushes Merkel With Pledge for Greek Debt Relief

European Union economy chief Pierre Moscovici said Greece’s European creditors have agreed to provide debt relief so long as the country’s government can deliver on the terms of its third bailout package. The remarks contradict the German position that an easing in the repayment terms on Greece’s debt is up for discussion further down the…

Is a reverse mortgage right for you? – USA Today

As you near retirement, you may foresee a need for more money in the golden years than your savings can handle. You look to use Social Security, careful withdrawals from qualified accounts and maybe annuities. Can you also use one of your biggest assets: your home and its equity in the form of a reverse mortgage?…

Patterson-UTI Energy Reports Financial Results for Three and Six Months Ended …

Location information about the Companys drilling rigs and their individual inventories is available through the Companys website at www.patenergy.com. Statements made in this press release which state the Companys or managements intentions, beliefs, expectations or predictions for the future are forward-looking statements. It is important to note that actual results could differ materially from those…