| 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...
| Dec 6, 2013
| 1:25 PM
WASHINGTON -- One of the Senate’s longest-serving Republicans said Friday that he would seek reelection in 2014, setting up another intraparty test between the party’s old guard and tea party forces.
Mississippi Sen. Thad Cochran’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...
| Nov 3, 2013
| 5:00 AM
WASHINGTON — Should you be concerned that the maximum loan amount you'll be able to obtain through the biggest players in the mortgage industry — Fannie Mae and Freddie Mac — might be cut sometime next spring? Maybe you should.
| Oct 31, 2013
| 7:17 PM
WASHINGTON — Senate Republicans' rejection Thursday of two key nominations by President Obama revived a battle over filibuster rules and opened a new partisan front just as congressional leaders and the White House are searching for a budget...
| 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.
| Oct 31, 2013
| 11:54 AM
WASHINGTON -- Four new U.S. senators have taken the oath of office since the start of the 113th Congress but only one, Cory Booker, New Jersey’s new junior senator, has attracted much attention.
Vice President Joe Biden administered the oath to...