| Nov 17, 2013
| 5:00 AM
WASHINGTON — Haven't we seen this movie before? On Capitol Hill for the second year in a row, key federal tax assistance for homeowners is heading for expiration within weeks. And there's no sign that Congress plans — or has the minimal...
| Oct 29, 2013
| 12:32 PM
Is this the end of bargain mortgage rates?
Home lending will fall by a third next year as interest rates rise, a mortgage industry group says in a new forecast.
The Mortgage Bankers Assn. said Tuesday that it expects to see $1.19 trillion in new...
| Oct 30, 2013
JPMorgan Chase is trying to reach a multibillion-dollar deal with the federal government to settle allegations of securities fraud — based largely on claims against two failing banks it rescued during the crisis at Washington's behest. The...
| 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...
| 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...
| Aug 20, 2013
| 6:49 AM
WASHINGTON -- The nation's largest banks are trying to scare the public about the impact of tougher capital requirements proposed by U.S. regulators, a top Federal Deposit Insurance Corp. official said Tuesday.
Requiring the eight largest banks to...
| Aug 21, 2013
| 8:08 AM
Sales of previously owned U.S. homes rose in July, as more inventory hit the market and an increase in mortgage interest rates likely motivated buyers.
Sales were up 6.5% from the prior month and 17.2% from the same month a year earlier. Homes sold at a...
| Aug 29, 2013
| 9:17 AM
Crude oil prices began pulling back Thursday as momentum for a U.S. military strike on Syria stalled.
The price of light, sweet crude for October deliver fell 80 cents to $109.30 a barrel Thursday from a previous settlement price of $110.10 Wednesday. ...
| Aug 30, 2013
| 6:09 PM
In a new legal challenge, financial industry opponents of the city of Richmond's plan to seize underwater home loans call the gambit a disguised attempt to profit at the expense of everyday investors.
Richmond is threatening to use eminent domain to...
| Sep 4, 2013
| 4:27 PM
The Federal Housing Administration wants to make it easier for people who have defaulted on their mortgages to get a new home loan with FHA backing.
But there's a catch. To qualify for the break, borrowers must show that their foreclosure or...