| Feb 10, 2014
| 8:54 PM
The letter that recently arrived at homes throughout California and other states features a picture of Sylvester Stallone in "Rocky II" training for another shot at greatness.
"As you're making your financial comeback," it says, "we want you to know...
| Feb 11, 2014
| 5:39 PM
WASHINGTON — The Federal Reserve's new leader, Janet L. Yellen, signaled that the central bank is likely to keep scaling back its signature stimulus program despite a recent string of weak economic data.
Making her first congressional appearance...
| Jan 24, 2014
| 9:10 PM
WASHINGTON — Atty. Gen. Eric H. Holder Jr., warning that no bank is "too big to indict," said the Justice Department will be bringing more cases involving "significant financial institutions" as it continues to investigate Wall Street misconduct....
| Feb 9, 2014
| 5:00 AM
WASHINGTON — Got problems with the company that services your home mortgage — the one that collects your payments, keeps track of your escrow account and lets you know when you're late?
So your monthly numbers don't look right? You got blown...
| Feb 13, 2014
| 8:07 AM
A five-week decline in fixed mortgage rates has ended, with Freddie Mac’s survey showing the 30-year home loan averaged 4.28% early this week, up from 4.23% a week ago.
The 15-year fixed-rate mortgage was unchanged at an average of 3.33%,...
| Feb 6, 2014
| 8:08 AM
Weaker signals from the housing markets sent mortgage rates lower for the fifth week in a row, with Freddie Mac reporting that lenders were offering 30-year fixed home loans to solid borrowers at an average of 4.23%, down from 4.32% a week ago.
| Feb 11, 2014
| 7:50 AM
Federal Reserve Chairman Janet Yellen said more work is needed to restore the labor market to health and pledged to maintain her predecessor's policies by scaling back stimulus in "measured steps."
While growth has picked up, "the recovery in the...
| Jan 23, 2014
| 8:34 AM
Fixed mortgage rates have drifted lower, according to Freddie Mac, which said lenders were offering 30-year fixed home loans at an average of 4.39% this week, down from 4.41% a week ago.
It was the lowest reading for the weekly survey since Nov. 27....
| Feb 5, 2014
U.S. stocks fell in Wednesday morning trading, effectively wiping out modest gains from a day earlier, as a survey on hiring did little to ease uncertainty over the health of the economy.
KEEPING SCORE: The Dow Jones industrial average was down 75...
| Jan 14, 2014
| 10:56 AM
Despite a sharp downturn in its market-leading mortgage business, Wells Fargo & Co. reported a 10% improvement in fourth-quarter earnings as loan losses declined and the San Francisco bank collected higher fees in other businesses.
Wells, which wrote...
| Jan 14, 2014
| 6:15 PM
Southern California home prices jumped in December, the first significant increase since June.
The median sale price in the six-county region hit $395,000 last month, a 2.6% gain from November and 22.3% over the same month a year earlier, research...