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China’s BoCom Beijing branch clarifies definition of ’second mortgage
Forbes - The two banks also said that the new rule would also apply to a couple who had bought an apartment on mortgage loans before marriage. The Bank of China included parents who intend to buy a second apartment in the name of their underage children into
Source: www.forbes.com

FHFB Appoints Two Directors to FHLBank Pittsburgh Board
dBusinessNews.com - FHLBank Pittsburgh provides reliable access to low-cost funds, competitive pricing in the purchase of mortgage loans, correspondent banking services, technical assistance, affordable housing grants and other programs so members can better serve their
Source: pittsburgh.dbusinessnews.com

Net worth isn’t the big picture
Seattle Times - Determining your net worth is simple. Add all your assets such as savings accounts, a home, car, a 401(k) and other investment accounts, and valuable collections. Subtract liabilities including a mortgage, car loans, student loans and credit-card
Source: seattletimes.nwsource.com

Banking disparity criticized
Detroit Free Press - The Service Employees International Union released a report Wednesday showing that Bank of America Corp. fared worse than other top banks when it comes to locating retail branches in minority neighborhoods and in making more mortgage loans to whites
Source: www.freep.com

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