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Principal Adds Drew Lawton to Board of Directors

Principal Funds has named Drew Lawton, former CEO and senior managing director of New York Life Investment Management, to its board of directors. Lawton’s financial services career spanned more than 30 years and included roles with Aetna Life and Casualty, Fidelity Investments, Fridson Investment Advisors and, most recently, New York Life. His experience in these …

5 Common Reasons Why Property Taxes Go Up, No Matter Where You Live

mphillips007/iStock Homeownership is one of life’s great highlights, but ask homeowners about paying property tax and they’ll tell you it’s one of their least favorite responsibilities. But as much of a downer as they are, property taxes are vital for funding schools, libraries, police departments, fire departments, and public works like roads and parks. Savvy homeowners and prudent …

4 Options for Debt Consolidation You Need to Know

No one likes to have credit card debt, but plenty of consumers have accumulated too much of it over time. Debt consolidation is a solution many look to in order to manage their finances more effectively. According to NerdWallet.com, the average balance in April 2014 for households with credit card debt is $15,191. While consumers can …

Walmart’s Flipkart begins online wholesale service for Indian small businesses

close video Walmart buying Flipkart for $16B FBN’s Cheryl Casone on Walmart’s acquisition of SoftBank’s controlling stake in Flipkart. The Indian e-commerce company Flipkart launched a wholesale service for small businesses on Wednesday. Continue Reading Below The Walmart-owned firm is hoping to level the playing field against gargantuan competitors like Amazon, which leads the industry. FLIPKART BUYS PARENT …

AMG Announces Investment in Baring Private Equity Asia

Affiliated Managers Group, Inc, a global asset management company, has acquired an equity interest in Baring Private Equity Asia (“Baring Asia”). Baring Asia’s senior partners will continue to hold a majority of the equity of the business and, consistent with AMG’s partnership approach, direct its day-to-day operations. Based in Hong Kong, Baring Asia is the …

Why It’s Nearly Impossible to Find a Low-Doc Loan

MattKay/iStock You need to provide a lot of documentation to obtain a mortgage. It’s not necessarily a bad thing—lenders simply want a clear financial picture of your borrowing power. However, some home buyers may yearn for the days when mortgage lenders offered low-documentation loans to prospective buyers. So what happened? Low-doc loans have a bad reputation Low-documentation …

What Is CMO? A Popular Mortgage Option Explained

kate_sept2004/iStock What is CMO? If you’re thinking about investing in real estate, you may have come across this acronym, as well as the abbreviation CBO, while researching your options. They are two types of what are called collateralized debt obligations—basically, packages of revenue-bringing assets such as mortgages, bonds, and loans. So what is CMO? And …