Banks' contribution to the economy may be hugely overstated, underscoring anger about the scale of taxpayer rescues and resultant government cutbacks, but a sharp retreat of banking worldwide looks painful for all and needs calibrating.
The Inspector General of the Federal Housing Finance Agency (FHFA) said in a report released on Tuesday that the regulator did not provide enough oversight of Fannie Mae and Freddie Mac in mortgage repurchases, executive compensation and other transactions.
U.S. homeowners with mortgages worth more than the value of their homes decreased slightly in the third quarter, according to a report from CoreLogic.
U.S. District Court Judge Jed S. Rakoff issued an acerbic order blocking the U.S. Securities and Exchange Commission's proposed $285 million deal with Citigroup that is "neither fair, nor reasonable, nor adequate, nor in the public interest."
The planned retirement of Congressman Barney Frank, D-Mass., leaves the Democratic party lacking in the YouTube mojo department. Partisan sniping aside, Frank was a regular source of one-liners and playful harassment of his legislative colleagues and TV talking heads.
More consumers are pulling back from the housing market, which pushed down their debt levels during July through September, the New York Federal Reserve said Monday.
Is the U.S. Federal Reserve likely to purchase more securities as part of a plan to help jump-start U.S. GDP growth? It is, if a survey of key bond dealers is accurate.
A judge last week sentenced a Rankin County, Miss., mother of two to three years in federal prison for lying on her food stamp application.
Adam Holm has been looking to sell his three-bedroom Victorian house in San Francisco's Potrero Hill neighborhood all year, but he needs one thing to happen first: gaming-company Zynga's initial public offering.
The Austrian banking system is on fire: getting singed not only by the heat of the Eurozone sovereign debt crisis, but also by the immolation of an Eastern European asset bubble the banks had been underwriting for a decade. Stumbling, contradictory guidance from the management of several banks has not helped either. And a stalling Austrian economy is only likely to make things worse
The U.S. average 30-year fixed-rate mortgage rate remained steady at 3.98 percent in the week ending Nov. 17, according to Freddie Mac.
Celebrity restaurants, long a fixture of New York and London, are now a confirmed Russian fad with the recent opening of a Moscow venue by a home-grown filmmaker raising the tally of eateries and bars backed by artists, actors, socialites.
Purchase applications for home mortgages rebounded last week, but demand for refinancing sagged for a second week in a row, an industry group said on Wednesday.
Purchase applications for home mortgages rebounded last week, but demand for refinancing sagged for a second week in a row, an industry group said on Wednesday.
Stock index futures pointed to a weaker open for equities on Wall Street on Thursday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.5 to 0.8 percent.
States are crafting a scaled-back mortgage abuses settlement with top U.S. banks that would exclude California, one of the states hardest hit by foreclosures and falling home prices.
Where do the top one percent live? Not actually possible, using IRS data, according to a Brookings Institution researcher. But his study did find out where the top three percent live.
With Steven J. Baum closing, foreclosure business is expected to diffuse among smaller, local firms in New York State, real estate lawyers told IBTimes.
The U.S. Department of Housing and Urban Development (HUD) is pushing back against a report that said the Federal Housing Administration (FHA), a major backer of residential mortgages, could require a bailout.
According to Republican presidential contender Newt Gingrich, child labor laws are the single biggest cause of income inequality in the U.S.
Sales of previously owned homes in the U.S. rose in October while the number of homes on the market continued to decline, according to the National Association of Realtors. Although falling property values and near record-low borrowing costs are starting to appeal to homebuyers, a growing trend of last minute cancellation suggests that even those who are looking to buy are worried about the housing market.
Presidential candidate Newt Gingrich has roared into the lead of the Republican nominating race, brushing off concerns about his work for a troubled housing company, a Reuters/Ipsos poll showed.
