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More 'Action Plans' for Mortgage Lenders

The Federal Reserve has released more detail on its new “action plans” for HSBC North America Holdings, Ally Financial Inc., and IMB HoldCo. (the holding company of OneWest Bank), “to correct deficiencies” in residential mortgage loan servicing and foreclosure processing,” among other things.

Wall Street Has Reached an Inflection Point

After posting a weak performance on Friday, the markets have reached an inflection point. At best, the market will trade sideways then climb; at worst, it may be in for a 10% pullback.

Keep Your Eye on the Index!

In last week’s blog, "It Seems So Right – But It Goes So Wrong," I shared an idea as to why a trade that looks like the ideal trade can be derailed by a trend in a larger timeframe. This week I have another reason why trades can sometimes look really good and turn out really bad. The indices! I have mentioned previously that at

12 Growth Stocks with both Price and Fundamental Momentum

I want to share one of my favorite screens that I have developed over the years. The goal of what I call my "Rocket" screen is to identify companies that are not widely followed and that are capable of high growth with strong balance sheets and solid profitability. In a strong market, as we appear to be enjoying, these types of stocks can attract increasing investor interest.