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Tribune reporterAllstate Corp. investors voted down two shareholder proposals and approved the re-election of its board members at the Northbrook-based insurer's annual meeting. In preliminary results disclosed at the meeting, individual directors received 92 to 99...
WASHINGTON — Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather...
Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather than having negotiated a...
Sun SentinelAverage interest rates on both 15- and 30-year fixed-rate mortgages increased for the second week in a row, with the 30-year jumping above 3.5 percent for first time in weeks, Freddie Mac said Thursday. Average 30-year, fixed-rate loans rose to 3.51...
Tribune reporterMortgage rates passed the 3.5 percent mark this week, largely due to a strong report on consumer spending. Freddie Mac reported Thursday that the average interest rate on a 30-year fixed-rate mortgage was 3.51 percent this week, compared with 3.42...
Mortgage rates rose this week, with a widely watched survey reporting that lenders were offering 30-year fixed-rate loans at an average of 3.51%, up from a near-record low of 3.35% two weeks ago. The survey, released Thursday by mortgage financier...
AP Economics WriterWASHINGTON (AP) — Foreign demand for U.S. Treasury securities rose to a record level in March, signaling further confidence in U.S. debt. The Treasury Department said Wednesday that total foreign holdings increased 0.7 percent in March from...
Tags: China, U.S. Congress, Public Finance, Fannie Mae, Politics
WASHINGTON — President Obama nominated Democratic Rep. Mel Watt to be the top regulator for Fannie Mae and Freddie Mac, moving to replace a career bureaucrat who has been sharply criticized by liberals for not doing more to help troubled homeowners....
Tags: Bob Corker, Barack Obama, Finance, Elections, Politics
WASHINGTON — Sen. Elizabeth Warren, the newest member of the Senate Banking Committee, waited patiently for her first chance to question top financial regulators at a recent hearing on Capitol Hill. When her turn finally came after 90 minutes,...
WASHINGTON -- A nearly $60-billion dividend payment to the government by taxpayer-owned Fannie Mae will help push off the effective date on which the U.S. would hit its debt limit until at least Labor Day, Treasury Secretary Jacob J. Lew said Friday....
Tags: Finance, Jack Lew, Holidays, Politics, Republican Party
WASHINGTON -- Bailed-out housing finance giant Fannie Mae said Thursday it would pay the U.S. government $59.4 billion after posting a record profit for the first three months of the year. The fortunes of the company, which is 80% owned by taxpayers...
Q: What is a "hard money" loan? A: Technically, it is a loan that is given in exchange for money, rather than to assist a consumer in buying a house. The latter would be called a "purchase money" mortgage. Hard-money lenders do not rely on the...
May 21, 2013 |Story| Chicago Tribune
May 17, 2013 |Story| Los Angeles Times
May 18, 2013 |Story| Hartford Courant
May 16, 2013 |Story| South Florida Sun-Sentinel
May 16, 2013 |Story| Chicago Tribune
May 16, 2013 |Story| Los Angeles Times
May 15, 2013 |Story| AP Broadcast
May 2, 2013 |Story| Los Angeles Times
May 10, 2013 |Story| Los Angeles Times
May 10, 2013 |Story| Los Angeles Times
May 9, 2013 |Story| Los Angeles Times
May 10, 2013 |Story| Chicago Tribune
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