| Feb 10, 2013
WASHINGTON — If you want to buy a house with minimal cash by using an FHA-insured mortgage, here's some sobering news: Because of an ongoing series of fee increases and underwriting tweaks, those mortgages are getting steadily more expensive and may...
| Jun 20, 2013
| 3:00 PM
California will report Friday how the labor market fared in May. Economists expect the California jobs report to show modest growth, but they will be watching a few key industries that will signal whether the recovery is still on track.
| May 24, 2013
| 7:57 PM
WASHINGTON — Here's a heads-up for the growing ranks of seniors whose post-retirement monthly incomes aren't sufficient to qualify for a mortgage under today's tough underwriting standards: Thanks to a rule change by the largest players in the...
| Jun 18, 2013
| 9:17 PM
For all the mixed messages from the Fed and the uncertainty that has roiled financial markets recently, one thing looks very clear: The era of declining interest rates is over.
After three decades in which borrowing costs for Americans have pretty...
| May 17, 2013
| 8:20 PM
WASHINGTON — Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather...
| May 9, 2013
| 8:05 AM
WASHINGTON -- Bailed-out housing finance giant Fannie Mae said Thursday it would pay the U.S. government $59.4 billion after posting a record profit for the first three months of the year.
The fortunes of the company, which is 80% owned by taxpayers...
| May 1, 2013
| 12:25 PM
WASHINGTON -- President Obama on Wednesday nominated new heads of the Federal Communications Commission and the Federal Housing Finance Agency, saying they would both help expand the economy.
Obama tapped venture capitalist Thomas Wheeler to replace...
| Apr 26, 2013
| 7:54 PM
Dear Liz: My husband and I are recovering from a job loss four years ago. We used up all our savings and home equity. My husband is now employed, but we are struggling to keep ahead even with a salary of about $100,000. I was a stay-at-home mom for the...
| Oct 9, 2012
"Now Gov. Romney believes that with even bigger tax cuts for the wealthy, and fewer regulations on Wall Street, all of us will prosper. In other words, he'd double down on the same trickle-down policies that led to the crisis in the first place." —...
| Dec 27, 2011
I've made a disturbing discovery: I am a member of the conservative "establishment." I felt like Michael Douglas at the end of "Falling Down": "I'm the bad guy?"
For the last few years, the rank and file of the GOP and the conservative movement have...
| Jan 24, 2012
Newtzilla is back.
Six weeks ago, during the last Newt Gingrich surge, I wrote here that "conventional weapons are useless against Newtzilla…. Everything bad about Gingrich — the flip-flops, the wives, the ego — is known. Once voters...