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Judge rules for Wells Fargo in NY challenge over mortgage settlement

By Aruna Viswanatha and Karen Freifeld WASHINGTON/NEW YORK (Reuters) – A U.S. judge on Monday rejected allegations by the New York state attorney general that Wells Fargo was violating the $25 billion mortgage settlement that federal and state authorities reached with five banks in 2012. U.S. District Judge Rosemary Collyer described Attorney General Eric Schneiderman's allegations as “so …

The Financial Mistake That Can Cost Homeowners a Bundle

Interest rates have bounced around historical lows for years, yet a surprising number of homeowners who could benefit from a refinancing still haven’t taken advantage of the potential cost savings, Ed Conarchy, a mortgage adviser for Cherry Creek Mortgage in Gurnee, Illinois, said in a new Bankrate report issued Monday. The Mortgage Bankers Association forecasted that rates might increase to a …