| Jan 8, 2014
| 10:04 AM
WASHINGTON -- Sens. Elizabeth Warren and Tom Coburn on Wednesday introduced legislation requiring federal agencies to disclose more information about settlements that end government investigations, such as whether the money paid by companies is tax-...
| Dec 13, 2013
| 10:05 AM
WASHINGTON — Senate leaders on Friday called a cease-fire in a weeklong fight over the chamber’s new rules that limit filibusters, ending a nearly 48-hour marathon session.
In the end, senators’ aversion to what would have been a...
| Dec 19, 2013
| 8:07 AM
Mortgage rates rose a bit this week following positive news on home building, with Freddie Mac saying lenders were offering a 30-year fixed-rate loan at an average of 4.47%, up from 4.42% last week.
The average for a 15-year fixed was 3.51%, up from 3....
| Dec 18, 2013
| 1:11 PM
Nothing like a little sugar to help investors swallow a bitter pill from the Fed.
The Federal Reserve's Open Market Committee announced Wednesday that it will finally start tapering its extraordinary efforts to stimulate the economy. Instead of printing...
| Dec 20, 2013
| 5:03 PM
WASHINGTON — In its last workday of the year, the Democratic-controlled Senate overcame GOP objections Friday to confirm two high-profile Obama nominees to the Department of Homeland Security and the Internal Revenue Service, but put off final...
| Dec 26, 2013
| 10:26 AM
It's the financial-market equivalent of a lump of coal.
Interest rates are steadily inching up, with the yield on the benchmark 10-year Treasury note brushing up against 3% on Thursday morning.
The movement in Treasury rates portends a potential...
| Dec 26, 2013
| 5:39 PM
NEW YORK — A federal judge will soon decide how much Bank of America should pay for some of Countrywide Financial Corp.'s sins in the lead-up to the financial crisis.
Federal prosecutors want BofA to pay $864 million after the bank's stinging...
| Dec 29, 2013
| 5:00 AM
WASHINGTON — An important resource for first-time home buyers and others who find themselves in unfair competition with deep-pocket investors bearing cash just got better: The two biggest players in the mortgage market, Fannie Mae and Freddie Mac,...
| Dec 30, 2013
| 7:21 AM
WASHINGTON — Wells Fargo & Co. said Monday it has agreed to pay $591 million to Fannie Mae to settle disputes over soured mortgages the bank sold to the seized housing finance giant during the subprime housing boom.
The agreement covers loans...
| Nov 21, 2013
| 9:32 AM
Fixed mortgage rates fell early this week in the wake of a decline in the inflation rate, with Freddie Mac pegging the 30-year loan at an average of 4.22%, down from 4.35% last week.
But the trend Thursday was once again toward higher rates.
| Nov 24, 2013
| 5:00 AM
WASHINGTON — For the growing numbers of home purchasers who care about energy efficiency, it's the ultimate "green" goal: Lenders should recognize the net savings that energy improvements provide to property owners and take them into account when...