| Sep 20, 2013
| 8:16 PM
WASHINGTON — Could the end of the refinancing boom be stimulating slightly more favorable mortgage terms for home buyers? The latest comprehensive study of activity in the market suggests the answer could be yes.
Ellie Mae Inc., a mortgage...
| Oct 3, 2013
| 7:59 AM
WASHINGTON -- A federal government default caused by a failure to raise the debt limit could trigger a worse financial crisis than in 2008, the Treasury Department said Thursday in a report designed to pressure Congress to act before the Oct. 17 deadline....
| Sep 19, 2013
| 12:16 PM
Not only do women face a gender gap when it comes to compensation, they lack confidence about investing the money they do earn, a new study has found.
The study, funded by Wells Fargo & Co. and released Thursday, found that 41% of affluent women were...
| Sep 6, 2013
| 9:08 PM
Dear Liz: My son is 12 and receives a regular monthly allowance that I've been giving to him in cash. I think it might be time for a checking account. I would like to teach him about using a debit card and not overdrawing his account. All the banks that I...
| Sep 13, 2013
| 11:23 PM
There are two ways to think about how far we've come in protecting against a repeat of the financial meltdown five years ago that plunged the world into recession.
You can conclude that we've pretty much eradicated the risk of another such crisis. That'...
| Sep 12, 2013
| 4:08 PM
A federal judge in San Francisco said Thursday that he would toss out a lawsuit challenging a plan by Richmond, Calif., to seize underwater mortgages and write down their balances, agreeing with the city that the lawsuit is premature.
| Oct 3, 2013
| 3:12 PM
Wells Fargo & Co. has fired about 30 branch employees in the Los Angeles region who the bank said had opened accounts that were never used and attempted to manipulate customer-satisfaction surveys.
“We found a breakdown in a small number of our...
| Sep 12, 2013
| 8:09 AM
Fixed mortgage rates have leveled off more than a percentage point above recent lows, with Freddie Mac reporting that lenders this week were offering the 30-year home loan at an average of 4.57%, the same as last week.
The average offering rate for a...
| Sep 9, 2013
| 11:26 AM
Regulators plan to lower the maximum size of mortgages that can be backed by Freddie Mac and Fannie Mae, which is now $417,000 in much of the country and $625,500 in expensive areas such as San Francisco, Los Angeles and Orange County.
| Oct 2, 2013
| 6:09 PM
Wells Fargo & Co. subjects borrowers seeking mortgage modifications to "Kafkaesque delays and obstructions," in violation of last year's $25-billion national mortgage settlement, New York Atty. Gen Eric Schneiderman said in a federal lawsuit.
| Sep 5, 2013
| 5:18 PM
With mortgage rates rising to levels not seen for two years, it's hard work finding a great deal on a home loan — unless you're rich enough to need a jumbo mortgage.
These loans on steroids certainly aren't for everyone: Jumbos are defined as...