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    May 14, 2013 |Column| Los Angeles Times
  1. BofA cuts 2 million customers loose

    It's long been a basic tenet of the business world: You give us more business, we'll reward your loyalty with better deals.
    It's long been a basic tenet of the business world: You give us more business, we'll reward your loyalty with better deals. That's how cable companies operate with their service packages. That's how phone companies work. And until now, that's pretty...

    Tags: Countrywide Financial Corp., Marketing, Satellite and Cable Service, Mortgages, Bank of America Corp.

  2. May 16, 2013 |Story| Los Angeles Times
  3. Freddie Mac: Mortgage rates rise; average 30-year loan at 3.51%

    Mortgage rates rose this week, with a widely watched survey reporting that lenders were offering 30-year fixed-rate loans at an average of 3.51%, up from a near-record low of 3.35% two weeks ago.
    Mortgage rates rose this week, with a widely watched survey reporting that lenders were offering 30-year fixed-rate loans at an average of 3.51%, up from a near-record low of 3.35% two weeks ago. The survey, released Thursday by mortgage financier...

    Tags: Mortgages, Credit Ratings, Freddie Mac, Financial and Business Services

  4. May 14, 2013 |Story| Los Angeles Times
  5. Veterans home-loan bond money going untapped

    SACRAMENTO — In the last century, Californians have said yes to every request for money to help veterans buy homes.
    SACRAMENTO — In the last century, Californians have said yes to every request for money to help veterans buy homes. Since 2000, they have signed off on $1.4 billion in bonds for that purpose. But most of that money remains untapped. In fact, the...

    Tags: Voting, Agriculture, U.S. Congress, Iraq, Health

  6. May 14, 2013 |Story| Los Angeles Times
  7. Federal deficit shrinks at surprising rate

    WASHINGTON &mdash; The federal deficit is shrinking more quickly than expected, and the government's long-term debt has largely stabilized for the next decade, the <a href="http://www.cbo.gov/publication/44172">Congressional Budget Office said</a> Tuesday in a report that could strengthen the Obama administration's hand in the budget battles with congressional Republicans.
    WASHINGTON — The federal deficit is shrinking more quickly than expected, and the government's long-term debt has largely stabilized for the next decade, the Congressional Budget Office said Tuesday in a report that could strengthen the Obama...

    Tags: Barack Obama, U.S. Congress, Debt Market, Productivity, U.S. House Committee on Ways and Means

  8. May 14, 2013 |Story| Los Angeles Times
  9. Families reduced their debt load in first quarter to 2006 level

    WASHINGTON -- American families reduced their debt load in the first three months of the year by 1%, bringing it down to pre-recession levels after an uptick in the last quarter of 2012, the Federal Reserve said Tuesday.
    WASHINGTON -- American families reduced their debt load in the first three months of the year by 1%, bringing it down to pre-recession levels after an uptick in the last quarter of 2012, the Federal Reserve said Tuesday. Outstanding household debt,...

    Tags: Federal Reserve, Consumers, Social Issues, Bank of America Corp., Financial and Business Services

  10. May 9, 2013 |Story| Los Angeles Times
  11. Mortgage rates tick up, Freddie Mac says: 30-year fixed at 3.42%

    Fixed mortgage rates have reversed course and ticked upward, with lenders offering 30-year home loans at an average of 3.42% compared with 3.35% last week, according to the latest Freddie Mac survey.
    Fixed mortgage rates have reversed course and ticked upward, with lenders offering 30-year home loans at an average of 3.42% compared with 3.35% last week, according to the latest Freddie Mac survey. The typical rate for a 15-year fixed mortgage rose...

    Tags: Mortgages, Freddie Mac, Financial and Business Services, Labor Markets

  12. May 8, 2013 |Story| Los Angeles Times
  13. Sen. Elizabeth Warren wants student loans to get Fed discount rate

    <iframe width="560" height="315" src="http://www.youtube.com/embed/P-4FhsyvJdM" frameborder="0" allowfullscreen></iframe>
    WASHINGTON -- Students taking out government loans to help pay for college should pay the same rock-bottom interest rate that the Federal Reserve charges big banks, Sen. Elizabeth Warren (D-Mass.) proposed Wednesday. With the interest rate on federal...

    Tags: Federal Reserve, Consumers, Elizabeth Warren, Money and Monetary Policy, Occupy Wall Street

  14. May 8, 2013 |Story| Los Angeles Times
  15. College is a bad financial bet for some, study says

    College can be a bad financial investment, and a fair number of people actually should not go to college, according to a new study.
    College can be a bad financial investment, and a fair number of people actually should not go to college, according to a new study. Higher education remains a smart financial choice for most people, especially those who attend selective colleges and get...

    Tags: Colleges and Universities, Teaching and Learning, Students, Economy, Business and Finance, Finance

  16. Apr 30, 2013 |Story| Los Angeles Times
  17. Lawmakers in Cyprus pass bailout plan

    ATHENS -- Despite sweeping public discord, Cyprus lawmakers on Tuesday approved a controversial $13-billion bailout imposed by international lenders to keep the island financially afloat, and its economy anchored to Europe&rsquo;s single currency.
    ATHENS -- Despite sweeping public discord, Cyprus lawmakers on Tuesday approved a controversial $13-billion bailout imposed by international lenders to keep the island financially afloat, and its economy anchored to Europe’s single currency....

    Tags: Crime, Law and Justice, National Government, Justice System, Economy, Business and Finance, European Debt Crisis

  18. Apr 27, 2013 |Story| Los Angeles Times
  19. Lenders venturing back into subprime market

    Michele and Russell Poland's credit was shot, but they managed to buy their suburban dream home anyway.
    Michele and Russell Poland's credit was shot, but they managed to buy their suburban dream home anyway. After a business bankruptcy and a home foreclosure, they turned to a rare option in this era of tightfisted banking — a subprime loan. The...

    Tags: Freddie Mac, Economy, Business and Finance, Homes, U.S. Consumer Financial Protection Bureau, Financial and Business Services

  20. Apr 22, 2013 |Story| Los Angeles Times
  21. Fisker Automotive misses Energy Department loan payment

    Troubled sports car maker Fisker Automotive Inc. failed to make a $10-million payment on a federal government loan Monday, tipping the Anaheim company closer to a bankruptcy reorganization or liquidation.
    Troubled sports car maker Fisker Automotive Inc. failed to make a $10-million payment on a federal government loan Monday, tipping the Anaheim company closer to a bankruptcy reorganization or liquidation. Fisker was scheduled to start to pay down...

    Tags: Manufacturing and Engineering, Hybrid Vehicles, Bankruptcy, Ford, Aston Martin

  22. Apr 18, 2013 |Story| Los Angeles Times
  23. Student debt could hamper future economic growth, study says

    Looming student debt could hamper future economic growth as young people tamp down on spending and borrowing in the years to come.
    Looming student debt could hamper future economic growth as young people tamp down on spending and borrowing in the years to come. Compared with counterparts not saddled with student loans, these young workers are less likely to take out mortgages or...

    Tags: Federal Reserve, Career and Workplace, Employees, Consumers, Housing Industry

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