| Oct 24, 2013
| 6:24 PM
Jamie Dimon, arguably the nation's most powerful banker, has navigated intense scrutiny from Congress, the White House and regulators around the globe.
But it's a federal prosecutor in Sacramento, far from the world's financial and political capitals,...
| Oct 23, 2013
| 3:52 PM
The vacuum at the center of the few federal lawsuits brought against banks in connection with the 2008 financial crisis is that actual people seldom seem to be held responsible for the alleged wrongdoing. It's as if the fraud and misrepresentation charged...
| Oct 24, 2013
| 7:37 AM
Here’s one clear effect of the government shutdown: Mortgage rates have tumbled to their lowest level since spring.
Freddie Mac said Thursday that lenders were offering the 30-year loan early this week at an average 4.13%, down from 4.28% last...
| Oct 19, 2013
| 4:21 PM
Yes, $13 billion in penalties--the figure at the center of the JPMorgan mortgage settlement deal being reported Saturday--is eye opening. Yes, it's a record in a civil proceeding against a major corporation.
But the most significant thing about...
| Oct 17, 2013
| 7:46 AM
Fixed mortgage rates rose early this week amid the debt crisis, Freddie Mac's latest survey showed, with lenders offering the 30-year home loan at an average of 4.28%, up from 4.23% a week earlier.
The offering rate for 15-year fixed mortgages...
| Oct 13, 2013
| 5:00 AM
Anyone thinking of skating on mortgages owned by either Fannie Mae or Freddie Mac may want to think again. As a result of new government reports, the two companies say they are going to do a better job of going after so-called strategic defaulters....
| Oct 14, 2013
| 6:43 AM
WASHINGTON -- Upset that the fiscal stalemate in Washington is threatening the global economy, China called for the U.S. dollar to be replaced as the international reserve currency as well as for broader steps to create a "de-Americanized world."...
| Oct 11, 2013
| 5:01 PM
Jay Joerger was set to close a long-planned sale of his Palm Springs condominium this week until he was blindsided by an unexpected problem: the shutdown of the federal government.
The condo sits on land owned by an Indian tribe, so the sale must be...
| Oct 10, 2013
| 7:41 AM
Mortgage interest rates have leveled off at their lowest levels since June, with 30-year fixed-rate loans averaging 4.23%, statistically unchanged from 4.22% last week, according to Freddie Mac's weekly survey.
The home finance giant's widely watched...
| Oct 8, 2013
| 8:21 AM
California home sales will increase next year and price gains will moderate as an inventory crunch loosens with more homes on the market, according to an industry forecast.
The California Assn. of Realtors forecasts sales to climb 3.2% in 2014, after...
| Oct 3, 2013
| 7:54 AM
Mortgage rates have tumbled for the third straight week, with Freddie Mac pegging the 30-year fixed loan at an average of 4.22%, down from 4.32% last week to the lowest level since June.
But what good is a low rate if a lender can't process your...