Finance & Mortgage
'Wells Fargo profit beats estimates, helped by one-time gains
'JPMorgan profit weaker than expected as trading revenue falls
'Canadian new housing prices remain tame in February
EDITOR'S PICKS
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Residents of a Chicago Mobile Home Park To Lose Water Access Days Before Thanksgiving
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Dozens Left Homeless After Apartment Fire Sparks In Durham
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Homebuying 101: 5 Red Flags To Watch Out For
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US Home Prices on the Rise: Here's Where Houses Are the Priciest
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Real Estate: 3 Things To Know Before You Start Investing
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U.S. stocks dipped on Thursday, with the Nasdaq underperforming other major indexes, as investors once again rotated into defensive names and sold momentum-driven stocks. -
'Fannie and Freddie add-on fees hampering home buying
The add-on fees charged on home loans by Fannie Mae and Freddie Mac, the two government-backed mortgage giants, are hampering new home buyers and doubling expenses for consumers, critics claim. -
'Momentum stocks sell off for second day; Nasdaq down 2 percent
The Nasdaq tumbled more than 2 percent on Friday as momentum stocks like Netflix and TripAdvisor sold off for a second straight session. -
'Fed survey: U.S. dealers see more private-label mortgage security demand
Big Wall Street firms have seen demand for private-label mortgage-backed securities pick up over the last few months, according to a survey released by the Federal Reserve on Thursday. -
'Bank of England says lenders expect to expand supply of credit to households, businesses
British lenders expect the availability of mortgages and business loans to pick up significantly in the second quarter of this year, a Bank of England survey showed on Thursday. -
'Cuba Gooding Jr. sells Pacific Palisades home for $10 million
Cuba Gooding Jr., Academy Award-winning actor known for his portrayal of Rod Tidwell in "Jerry Maguire," has just sold his 6,753-square-foot Pacific Palisades mini-estate for $10 million, reports TMZ. -
'Bank of England's Andrew Bailey says no let-up over bank capital levels
Banks still need to be persuaded that well-capitalized lenders are important to economic growth, Bank of England Deputy Governor Andrew Bailey said on Monday, but Britain's regulators will keep up the pressure to boost capital levels. -
'UK mortgage approvals dip in February, business lending contracts again
British mortgage approvals slowed in February by more than expected, possibly reflecting bad weather during the month, and there was another contraction in business lending. -
'Stocks rise on US data, China; European bond yields down
Global equity markets rose on Friday, bolstered by U.S. economic data that was largely promising and signs that China will step in to support a cooling economy, while euro zone government bond yields fell on renewed bets the European Central Bank will ease policy next week. -
'U.S. average 30-year-fixed mortgage rates reach two-month high at 4.4 percent
The average 30-year fixed mortgage rates in the United States spiked to reach a two-month high since January at 4.4 percent, Freddie Mac, the government-backed lending giant, announced Thursday. -
'Bank of America settles FHFA Lawsuit for $9.5 billion
Bank of America announced Wednesday that it has agreed to pay $9.33 billion to the Federal Housing Finance Agency (FHFA) to settle a lawsuit the Fannie Mae-Freddie Mac regulator filed following the housing market crash in 2008.
