MORTGAGE

Bernanke Warns US Job Market Weak Despite Gains

The Fed chairman said U.S. job market conditions remain weak despite three months of strong hiring and that the improved employment data seem to be out of sync with the overall pace of economic growth.

Wells Fargo Scoffs At Subpoenas In $60B Fraud Probe: SEC

In conducting an investigation of possible fraud in relation to Wells Fargo & Co.'s sale of almost $60 billion in residential mortgage-backed securities, the U.S. Securities and Exchange Commission on Friday requested that a federal court order the country's largest mortgage lender to comply with its subpoenas.

Is Zsa Zsa Gabor Safe With Her Husband? Daughter Seeks Conservatorship

Ninety-five-year-old actress and great-aunt of Paris Hilton, Zsa Zsa Gabor, has been in and out of the hospital since the early 2000's. The ailing 95-year-old is making headlines as her much younger husband, Prince Frederic Von Anhalt and her daughter, Constance, Francesa Hilton, prepare to duke it out in court over a conservatorship of Gabor.

Can Higher Mortgage Rates Affect U.S. Housing Recovery?

Last week's rise in 10-year U.S. Treasury yields from 2.0 percent to 2.3 percent suggests that it might not be long before mortgage rates increase from their current record low of just above 4 percent, according to Capital Economics.

WaMu Exits Bankruptcy, On Heels Of Lehman

Washington Mutual Inc , one of the biggest corporate casualties of the 2008 financial crisis, on Monday emerged from bankruptcy protection, just two weeks after Lehman Brothers Holdings Inc also emerged from Chapter 11.

Treasury nets $25 billion profit on mortgage debt

The Treasury Department said on Monday it made a $25 billion profit on sales of mortgage-backed securities acquired during the financial crisis, part of its ongoing efforts to wind down taxpayer-financed bailout programs.

US Stocks: Dow 13,000 - Market Top or Pit Stop?

You can't blame investors for feeling a bit squeamish regarding deploying new money in the U.S. stock market these days, despite the Dow Jones Industrial Average's (DJIA) recent rise to 13,000. Where's the Dow headed in the next three months?

US Economic Snapshot: How Are We Doing?

In the context of a quiet week with comparatively few headlines out of Europe and U.S. government data showing relatively few surprises, many economists predicted a continuation of a positive mood, driven by recent growth in the labor market. However, there are concerns about gasoline prices.

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Pre-Market Movers (FRAN, ZION, RF, RVSN, CLWR, LSI, STI, C, MTGE, FITB)

The companies whose shares are moving in pre-market trade on Wednesday are: Francesca's Holdings Corp, Zions Bancorporation, Regions Financial Co, RADVision Ltd, Clearwire Corp, LSI Corp, SunTrust Banks, Citigroup, American Capital Mortgage Investment Corp and Fifth Third Bancorp.
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Banks to pay $25 million to NY state over mortgage system

Five major U.S. banks have agreed to pay $25 million to New York State over their use of an electronic mortgage database that the state said resulted in deceptive and illegal practices that led to more than 13,000 foreclosures.
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Watchdog says banks impeded foreclosure inquiry

Top banks impeded a federal inquiry into their foreclosure processes, according to a report released Tuesday, dragging their feet on turning over documents and blocking investigators' attempts to interview bank employees.
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