MORTGAGE

Freddie Mac

Freddie Mac Names Donald Layton CEO

Freddie Mac (OTC: FMCC), the second-largest U.S. mortgage guarantor, said Thursday it was appointing Donald Layton, the former head of E*Trade as its CEO.

Bernanke Warns Of Potential Problems With Community Banks

Federal Reserve Chairman Ben Bernanke waits to be introduced at a conference in Washington
Federal Reserve Chairman Ben Bernanke, speaking via teleconference to a Chicago bankers' conference, took an uncharacteristic swipe at community banks on Thursday, suggesting that those institutions might not be as sure-footed as their balance sheets would have them appear.
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Russia

Russia's Putin Orders Investment, Labor Shake-Up

Vladimir Putin ordered Russia's government to boost investment and shake up state-run industries in a flurry of decrees issued after he returned to the presidency on Monday with a call for a new economy.
Voter

Black, Latino Voter Registration Plummets

The number of blacks and Hispanics registered to vote has dropped precipitously since the 2008 election, diminishing two bastions of Democratic support that could prove crucial in what promises to be a tight presidential race.
2012 Election

Tepid April US Job Growth Makes Close 2012 US Presidential Race Even Tighter

In some U.S. presidential election years, one issue dominates, and that's likely to be the case in 2012. The issue: jobs, and so far the Obama administration's policies have not created enough. President Barack Obama needs to find ways to create more jobs, if he hopes to be re-elected.
Mortgage rates fell in mid-April.

US Mortgage Rates Hit New Low Of 3.84%: Freddie Mac

U.S. 30-year fixed-rate mortgages fell to a new record low of 3.84 percent in the week ending May 2, following subdued economic data, mortgage financier Freddie Mac said Thursday.
Nikkei Stock Exchange

Asian Stocks Fall on US, Europe Data

Asian stock markets declined on Thursday as weaker-than-expected economic reports from the US and Europe dampened investor sentiment.
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Nadya Suleman Fed Up With Fame After Child Protection Investigation, Wants To 'Sledgehammer And Crack Octomom In Half'

fter all the fame and popularity bestowed upon her by the public and media ever since she gave birth to octuplets, Nadya Suleman seems to be regretting everything. Her house was investigated for child neglect following a complaint registered by her hairstylist. The Octomom now says that she has been set up by her hairdresser and that she would reverse it all if she could.
File photo shows the headquarters of mortgage lender Freddie Mac in McLean

US Mortgage Rates Remain Near Record Lows: Freddie Mac

U.S. 30-year fixed-rate mortgage rates dipped to 3.88 percent in the week ending April 26, staying near record lows as the housing market remained mixed, mortgage financier Freddie Mac said Thursday.
Fed

Fed Sticks To Late 2014 Rate Hike Plan

The Federal Reserve on Wednesday repeated its promise to leave interest rates on hold until at least late 2014 but offered few clues into whether it might offer additional stimulus later this year.
Caterpillar

Caterpillar Inc. (CAT) Q1 Profit Rises, Lifts Forecast

Caterpillar Inc. (NYSE: CAT), the largest maker of construction and mining equipment, reported a 29 percent jump in its first-quarter profit that topped analysts' estimates and boosted its full-year outlook, as U.S. builders replaced their aging machinery and demand for mining equipment boomed.
AIG

Judge Denies AIG Motion In Bank Of America $8.5 Billion Settlement

A New York judge on Tuesday rejected an effort by AIG Inc (AIG.N) and other objectors to Bank of America Corp's (BAC.N) proposed $8.5 billion mortgage bond settlement to convert the case to a proceeding that may have widened its scope.
Home Sale

Home Prices Hit New Lows in Feb: S&P/Case-Shiller

The American market for single-family homes fell to new lows in February, but prices declined at a slower rate compared to the previous month, a private report showed Tuesday, as the housing market continues to struggle.
GE

GE 1Q Earnings, Revenue Top Street's Forecast

General Electric Co topped Wall Street's profit and revenue forecasts for the first quarter, helped by strong demand for energy equipment and railroad locomotives.
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US Stock Futures Rise After GE, Microsoft Earnings

Stock index futures rose on Friday, indicating the S&P 500 may snap a 2-day decline, after quarterly results from Microsoft and General Electric Co propelled a solid earnings season.
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Goldman wins mortgage case appealed by German bank

Goldman Sachs Group Inc and investment adviser TCW have survived an appeal by a German bank that sued them for fraud over a toxic derivative marketed at the height of the housing market bubble.
credit cards

Can You Have Too Many Credit Cards?

Vitaly Pecharsky, chief technology officer for the shopping site SlickDeals.net, is something of a credit card collector and has 40 active credit cards to show for his passion.
International Business Times Logo

Wells Fargo reports higher profit on mortgage gains

A surge in mortgage banking income lifted Wells Fargo & Co's first-quarter profit by 13 percent, but its shares fell on concern that the bank is falling behind on its drive to cut expenses.

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