| Oct 25, 2013
| 6:18 PM
NEW YORK — The widely expected $13-billion settlement between JPMorgan Chase & Co. and the federal government started to take shape with details in a key deal unveiled Friday.
The New York bank agreed to pay $5.1 billion to the regulator...
| 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...
| Nov 27, 2013
| 7:48 AM
A nervous mortgage market drove interest rates higher this week ahead of the Thanksgiving holiday, with the average for a 30-year fixed-rate loan rising to 4.29% from 4.22% a week earlier, Freddie Mac said.
The rate for a typical 15-year fixed...
| Nov 27, 2013
| 10:17 AM
Bitcoin, the unregulated digital currency that once was valued at $10, hit a record Wednesday, trading above $1,000 per bitcoin on the Mt. Gox online exchange.
Speculators from China and the U.S. have been snapping up the digital currency as it...
| Dec 2, 2013
| 7:45 AM
WASHINGTON -- Bank of America Corp. agreed to pay $404 million to Freddie Mac to settle claims related to bad mortgages the bank sold to the housing finance giant, the companies said Monday.
The settlement resolves all disputes between the two firms...
| Nov 19, 2013
| 2:28 PM
The headline number on the big JPMorgan Chase legal settlement with state and federal regulators hasn't changed in the weeks since the negotiations over the deal first broke into the open: $13 billion. The deal's sponsors are falling all over themselves...
| Dec 5, 2013
| 9:38 AM
Good news for the economy translated into bad news this week for mortgage borrowers, who were being offered an interest rate of 4.46% for the typical 30-year fixed loan, the highest level since mid-September, according to Freddie Mac.
The rate, released...
| Oct 31, 2013
| 7:52 AM
Mortgage rates slipped lower this week, with Freddie Mac saying lenders were offering the 30-year fixed-rate home loan at an average 4.1%, compared with 4.13% last week.
The average rate for a 15-year fixed mortgage was 3.2%, down from last week’s...
| Oct 31, 2013
| 10:35 AM
WASHINGTON -- The nomination of Rep. Mel Watt to be the regulator for housing finance giants Fannie Mae and Freddie Mac failed a key procedural vote Thursday because of strong Republican opposition.
President Obama nominated Watt, a veteran Democrat...
| Nov 1, 2013
| 6:01 PM
WASHINGTON — In blocking the nomination of Rep. Mel Watt to head a top housing agency, Senate Republicans showed they preferred to keep oversight of Fannie Mae and Freddie Mac in the hands of a career bureaucrat who opposes providing more aggressive...