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 Bernanke recouped personal losses in 2009 (Reuters) 30 Jul 2010 at 5:25pm Reuters - Federal Reserve Chairman Ben Bernanke's personal finances recovered in 2009, disclosure forms released by the central bank on Friday showed.  Cuomo widens insurer probe with 6 more subpoenas (Reuters) 30 Jul 2010 at 2:32pm Reuters - New York Attorney General Andrew Cuomo has subpoenaed six more insurers as the state widens a probe into whether life insurance companies have defrauded families of deceased members of the military. Reverse Mortgages Aren't Catching On (U.S. News & World Report) 30 Jul 2010 at 11:51am U.S. News & World Report - The reverse mortgage industry, hammered for high fees and high pressure sales tactics, has steadily improved its procedures and its image. Loan fees and interest rates have been lowered, consumer disclosure has improved, and the federal government's insured reverse mortgage program has provided stability and credibility to the industry. A-list lenders have expanded their presence in the market; Wells Fargo and Bank America are the nation's top two reverse mortgage lenders. Fannie Mae portfolio grows, delinquencies decline (Reuters) 30 Jul 2010 at 10:22am Reuters - Fannie Mae expanded its mortgage portfolio in June, while the rate of late payments on loans it guarantees fell in May to the lowest level this year, the largest U.S. home loan purchaser said on Friday. NY AG announces probe of life insurance industry (AP) 29 Jul 2010 at 11:45pm AP - State Attorney General Andrew Cuomo said Thursday that he had opened a fraud investigation into how life insurers pay out benefits after policyholders die. MetLife posts Q2 earnings of $1.5 billion, beating Street (Reuters) 29 Jul 2010 at 6:43pm Reuters - MetLife Inc , the biggest U.S. life insurance company, posted a second-quarter profit of $1.53 billion, helped by higher premium revenue from sales domestically and abroad. Florida mortgage firm settles federal charges (AP) 29 Jul 2010 at 6:30pm AP - Federal regulators say a Florida company they accused of misleading borrowers who were seeking to avoid foreclosure has agreed to repay the consumers $2.4 million to settle those charges. PMI Group narrows loss, but shares tumble (AP) 29 Jul 2010 at 6:29pm AP - PMI Group Inc. on Thursday reported a nearly $151 million loss, narrower than a year ago but far wider than Wall Street expected. Shares of the mortgage insurer tumbled nearly 15 percent. Congress to try to recoup Fannie, Freddie costs (AP) 29 Jul 2010 at 6:04pm AP - Lawmakers plan to study ways to get back some of the $145 billion the government has pumped into giant mortgage buyers Fannie Mae and Freddie Mac. Summary Box: Mortgage rates hit low of 4.54 pct. (AP) 29 Jul 2010 at 4:25pm AP - RATES KEEP FALLING: Mortgage company Freddie Mac said the average rate for 30-year fixed loans this week was 4.54 percent, down from 4.56 last week.  Mortgage rates hit low of 4.54 percent (AP) 29 Jul 2010 at 4:09pm AP - Mortgage rates are the most affordable in decades for those who can qualify for a loan.  Citigroup settles charges over misleading investors (AFP) 29 Jul 2010 at 3:00pm AFP - US bank Citigroup agreed Thursday to pay a 75-million-dollar fine to settle charges it misled investors about exposure to subprime mortgage-related assets, the Securities and Exchange Commission said. (AP) 29 Jul 2010 at 10:01am AP - Mortgage rates drop to 4.54 pct., hitting lowest level on record for fifth time in six weeks. Mortgage lenders must register in database (AP) 28 Jul 2010 at 5:52pm AP - Loan officers at banks will be required to provide their names and fingerprints to a national database as part of an effort to crack down on shady operators who fed the real estate bubble. Treasury says latest mortgage-aid report flawed (AP) 28 Jul 2010 at 4:46pm AP - The Obama administration is revising the latest report on its troubled mortgage-relief program, and the changes are likely to show a greater number of borrowers facing foreclosure after having their loans modified. Goldman and Citigroup to sell $788.5 million CMBS (Reuters) 28 Jul 2010 at 4:41pm Reuters - Goldman Sachs Group Inc and Citigroup Inc will sell a $788.5 million commercial mortgage-backed security, according to a term sheet sent to investors, in the largest deal of its kind since volume began crawling back after the financial crisis. Summary Box: Mortgage applications down percent (AP) 28 Jul 2010 at 3:47pm AP - MORTGAGE APPLICATIONS DOWN: Applications for home loans fell 4.4 percent last week despite the lowest mortgage rates in decades, according to the Mortgage Bankers Association. Buy, Sell, or Hold Research In Motion? (The Motley Fool) 28 Jul 2010 at 1:34pm The Motley Fool - Right now, you can't go through a list of news articles for Research In Motion (Nasdaq: RIMM - News) without seeing gloomy headlines such as "Why RIM is a Risky Investment" (TheStreet.com) and "BlackBerry's Era May Be Ending" (The New York Times). Fears of market share declines because of Apple's (Nasdaq: AAPL - News) iPhone and Google's (Nasdaq: GOOG - News) Android platform clearly have investors on edge -- and an underwhelming earnings report last quarter didn't do much t... 5 Essential Components of a Retirement Plan (U.S. News & World Report) 28 Jul 2010 at 1:12pm U.S. News & World Report - When most people plan for retirement they think about saving and investing so they have a large nest egg to draw upon once they stop working. Investing is certainly important, but it is not the whole story. A secure retirement demands more than just a well-funded investment account. Here are five essential components of any retirement plan. Mortgage applications fall 4.4 percent last week (AP) 28 Jul 2010 at 9:30am AP - Applications for home loans fell last week despite the lowest mortgage rates in decades. Click here to view the "7 Reasons Why You Need XSitePro Now!" video About Susanna | Testimonials |
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