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    May 16, 2013 |Story| Los Angeles Times

  1. 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: Financial and Business Services, Freddie Mac, Mortgages, Credit Ratings

    2. May 14, 2013 |Column| Los Angeles Times

  2. 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: Bank of America Corp., Finance, Economy, Business and Finance, Countrywide Financial Corp., American Express Company

    3. May 14, 2013 |Story| Los Angeles Times

  3. 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, Politics, U.S. Congress, Marketing, Elections

    4. May 14, 2013 |Story| Los Angeles Times

  4. 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: Politics, Barack Obama, U.S. Congress, Debt Market, Credit and Debt

    5. May 14, 2013 |Story| Los Angeles Times

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

    6. May 9, 2013 |Story| Los Angeles Times

  6. 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: Financial and Business Services, Freddie Mac, Labor Markets, Mortgages

    7. May 8, 2013 |Story| Los Angeles Times

  7. 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: Elizabeth Warren, Federal Reserve, Consumers, Economy, Business and Finance, Finance

    8. May 8, 2013 |Story| Los Angeles Times

  8. 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: Finance, Economy, Business and Finance, Colleges and Universities, Students, Teaching and Learning

    9. Apr 30, 2013 |Story| Los Angeles Times

  9. 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: Politics, Cypriot Banking Crisis (2013), Finance, Crime, Law and Justice, International Monetary Fund

    10. Apr 27, 2013 |Story| Los Angeles Times

  10. 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: Federal Reserve, Politics, Finance, Money and Monetary Policy, Interior Policy

    11. Apr 22, 2013 |Story| Los Angeles Times

  11. 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: Prius, Fuel-efficient Vehicles, Companies and Corporations, Chrysler, Aston Martin

    12. Apr 18, 2013 |Story| Los Angeles Times

  12. 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: Productivity, Federal Reserve, Consumers, Career and Workplace, Housing Industry

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