Some Remedies for the Pain When Couples Talk Money
For more: http://nyti.ms/e0gAON
ONE of the most difficult conversations a couple can have is not about love or commitment. It is about money — how it is saved and invested and what it means for their lifestyle. According to a survey to be released this weekend by PNC Wealth Management, men and women are not any closer in their views about their investments than they were before the recession wreaked havoc on their portfolios.
Saturday, February 12, 2011
Elizabeth Warren Is Expecting Your Call
For more: http://nyti.ms/geC7bw
Consumers can submit their suggestions via Twitter, YouTube or directly to the agency via e-mail, and the agency will post video responses on the site.
For more: http://nyti.ms/geC7bw
Consumers can submit their suggestions via Twitter, YouTube or directly to the agency via e-mail, and the agency will post video responses on the site.
Sites That Answer Your Money Questions
For more: http://nyti.ms/hXZMLz
A spate of Q.&A. sites have started up in recent years with a personal finance focus.
For more: http://nyti.ms/hXZMLz
A spate of Q.&A. sites have started up in recent years with a personal finance focus.
Three Banks Are Closed by the F.D.I.C.
For more: http://nyti.ms/empmUL
Regulators on Friday shut down small banks in Florida, Michigan and Wisconsin, lifting to 17 the number of bank failures this year.
For more: http://nyti.ms/empmUL
Regulators on Friday shut down small banks in Florida, Michigan and Wisconsin, lifting to 17 the number of bank failures this year.
3 Ex-IndyMac Executives Are Accused of Fraud
For more: http://nyti.ms/eREf3F
The Securities and Exchange Commission on Friday accused three former top IndyMac executives of fraud, saying they painted a rosy picture of the California lender’s health even as it was collapsing in 2008.
For more: http://nyti.ms/eREf3F
The Securities and Exchange Commission on Friday accused three former top IndyMac executives of fraud, saying they painted a rosy picture of the California lender’s health even as it was collapsing in 2008.
Administration Calls for Cutting Aid to Home Buyers
For more: http://nyti.ms/i445n5
Federal programs subsidized nine in 10 mortgage loans made last year. If the Obama administration succeeds, that could plummet to a mere one in 10 loans by the end of the decade.
For more: http://nyti.ms/i445n5
Federal programs subsidized nine in 10 mortgage loans made last year. If the Obama administration succeeds, that could plummet to a mere one in 10 loans by the end of the decade.
Friday, February 11, 2011
Obama to offer solutions for housing finance
For more: http://wapo.st/dYuX8L
The Obama administration is poised to release long-awaited proposals for reducing government support of the mortgage market, but Congress will choose the path for reforming financially teetering housing finance giants Fannie Mae and Freddie Mac.
For more: http://wapo.st/dYuX8L
The Obama administration is poised to release long-awaited proposals for reducing government support of the mortgage market, but Congress will choose the path for reforming financially teetering housing finance giants Fannie Mae and Freddie Mac.
Mortgage finance overhaul begins to take shape
For more: http://wapo.st/eIGEbM
The Obama administration is pushing ahead with a vast rewrite of the rules of the nation's mortgage market separately from the delicate task of devising options to abolish mortgage finance giants Fannie Mae and Freddie Mac.
For more: http://wapo.st/eIGEbM
The Obama administration is pushing ahead with a vast rewrite of the rules of the nation's mortgage market separately from the delicate task of devising options to abolish mortgage finance giants Fannie Mae and Freddie Mac.
Foreclosure filings drop as officials raise questions over process
For more: http://wapo.st/fDwvhm
The uproar over faulty paperwork in mortgages is putting the brakes on the nation's foreclosure system. The number of foreclosure filings nationwide fell to about 260,000 last month, 17 percent lower than in January 2010.
For more: http://wapo.st/fDwvhm
The uproar over faulty paperwork in mortgages is putting the brakes on the nation's foreclosure system. The number of foreclosure filings nationwide fell to about 260,000 last month, 17 percent lower than in January 2010.
Thursday, February 10, 2011
Average rate on 30-year mortgage hits 5.05 pct
For more: http://bit.ly/ghaySo
The average rate on the 30-year mortgage topped 5 percent this week for the first time since April. Higher rates could further hamper the struggling housing market ahead of the spring's prime home-buying season.
For more: http://bit.ly/ghaySo
The average rate on the 30-year mortgage topped 5 percent this week for the first time since April. Higher rates could further hamper the struggling housing market ahead of the spring's prime home-buying season.
Bipartisan support for scrapping Fannie, Freddie draws criticism
For more: http://wapo.st/hhoLjT
To many Republicans and the Obama administration, Fannie Mae and Freddie Mac, the government's mortgage giants, are ill. But rather than healing them, both sides agree that the companies should be left to die and that their support for the housing market should wither away.
For more: http://wapo.st/hhoLjT
To many Republicans and the Obama administration, Fannie Mae and Freddie Mac, the government's mortgage giants, are ill. But rather than healing them, both sides agree that the companies should be left to die and that their support for the housing market should wither away.
Banks Could Face $60 Billion Tab on Bad Mortgage Loans
For more: http://nyti.ms/hsWBJa
The exposure stems from risky loans that the banks packaged and sold as securities at the height of the mortgage bubble. The terms of the mortgage security deals often required lenders to repurchase loans that failed to meet certain underwriting criteria.
For more: http://nyti.ms/hsWBJa
The exposure stems from risky loans that the banks packaged and sold as securities at the height of the mortgage bubble. The terms of the mortgage security deals often required lenders to repurchase loans that failed to meet certain underwriting criteria.
In Congress, Bernanke Faces Questions About Inflation
For more: http://nyti.ms/eBIHEX
The Federal Reserve chairman, Ben S. Bernanke, parried tough questions Wednesday about rising gasoline prices in the United States and the soaring cost of food and grains in the emerging world as he defended the central bank’s $600 billion program to shore up the recovery.
For more: http://nyti.ms/eBIHEX
The Federal Reserve chairman, Ben S. Bernanke, parried tough questions Wednesday about rising gasoline prices in the United States and the soaring cost of food and grains in the emerging world as he defended the central bank’s $600 billion program to shore up the recovery.
New Questions Raised in Mortgage Financing
For more: http://nyti.ms/i31yJw
Banks have been fighting with disgruntled bond investors and insurers for months, arguing that they do not need to buy back soured mortgages they placed inside securities before the financial crisis.
For more: http://nyti.ms/i31yJw
Banks have been fighting with disgruntled bond investors and insurers for months, arguing that they do not need to buy back soured mortgages they placed inside securities before the financial crisis.
Wednesday, February 9, 2011
What to Make of Rising Food Prices
For more: http://bit.ly/gbA31P
As investors nervously watch the situation in Egypt, one theme has emerged that seems to underpin the protests there and elsewhere: rising food prices.
For more: http://bit.ly/gbA31P
As investors nervously watch the situation in Egypt, one theme has emerged that seems to underpin the protests there and elsewhere: rising food prices.
Home Affordability Returns to Pre-Bubble Levels
For more: http://bit.ly/fVje9d
Home affordability returned to pre-bubble levels in a growing number of U.S. markets over the past year as price declines laid the groundwork for a housing recovery.
For more: http://bit.ly/fVje9d
Home affordability returned to pre-bubble levels in a growing number of U.S. markets over the past year as price declines laid the groundwork for a housing recovery.
China Raises Interest Rates To Counter Inflation Risk
For more: http://nyti.ms/fsQeZy
Beijing has reacted with a range of tools aimed at containing price increases. These have included measures aimed specifically at the hot real estate sector — like property taxes recently announced for some cities — and instructions to the country’s state-controlled banks to lend less.
For more: http://nyti.ms/fsQeZy
Beijing has reacted with a range of tools aimed at containing price increases. These have included measures aimed specifically at the hot real estate sector — like property taxes recently announced for some cities — and instructions to the country’s state-controlled banks to lend less.
Plans Near for Freddie and Fannie
For more: http://nyti.ms/fhCNRB
The Obama administration and House Republicans are settling into a game of chicken over Fannie Mae and Freddie Mac, with each side daring the other to advance a plan for replacing the two housing finance companies.
For more: http://nyti.ms/fhCNRB
The Obama administration and House Republicans are settling into a game of chicken over Fannie Mae and Freddie Mac, with each side daring the other to advance a plan for replacing the two housing finance companies.
Tuesday, February 8, 2011
Cash Buyers Lift Housing
For more: http://bit.ly/gyy7vo
Buyers in markets around the U.S. are snapping up homes in all-cash deals, betting that prices are at or near bottom and breathing life into some of the nation's most battered housing markets.
For more: http://bit.ly/gyy7vo
Buyers in markets around the U.S. are snapping up homes in all-cash deals, betting that prices are at or near bottom and breathing life into some of the nation's most battered housing markets.
Borrowing by Consumers Rose 3% in December
For more: http://nyti.ms/gIBXsa
Americans are beginning to charge more on credit cards after two years of cutting back, a sign of more confidence in the economy.
For more: http://nyti.ms/gIBXsa
Americans are beginning to charge more on credit cards after two years of cutting back, a sign of more confidence in the economy.
Big Banks to Pay More to Insure Deposits
For more: http://nyti.ms/evLKdL
Big financial institutions will pick up a greater portion of the cost to protect deposits when banks fail, under a plan adopted Monday by federal regulators.
For more: http://nyti.ms/evLKdL
Big financial institutions will pick up a greater portion of the cost to protect deposits when banks fail, under a plan adopted Monday by federal regulators.
Copper Prices and Incidences of Copper Theft Rise
For more: http://nyti.ms/hPsjZX
Near-record prices for copper, platinum, aluminum and other metals have spurred a resurgence in the past several months in the theft of common items that in better economic times might be overlooked — among them, catalytic converters from automobiles and copper wiring that is being stripped out of overhead power lines, tornado warning sirens, coal mines and foreclosed homes, where thieves sometimes tear down walls to get to copper pipes and wiring. The thieves then make quick money by selling the items to scrap yards.
For more: http://nyti.ms/hPsjZX
Near-record prices for copper, platinum, aluminum and other metals have spurred a resurgence in the past several months in the theft of common items that in better economic times might be overlooked — among them, catalytic converters from automobiles and copper wiring that is being stripped out of overhead power lines, tornado warning sirens, coal mines and foreclosed homes, where thieves sometimes tear down walls to get to copper pipes and wiring. The thieves then make quick money by selling the items to scrap yards.
A Seer on Banks Raises a Furor on Bonds
For more: http://nyti.ms/f0clfF
If one stock-picker emerged intact from the wreckage of the financial crisis, it was Meredith Whitney. With a prescient warning about bank stocks in 2007 — as well as a gift for the perfect sound bite — she became a media darling, celebrated in a Fortune cover article and in frequent television appearances as a market seer.
For more: http://nyti.ms/f0clfF
If one stock-picker emerged intact from the wreckage of the financial crisis, it was Meredith Whitney. With a prescient warning about bank stocks in 2007 — as well as a gift for the perfect sound bite — she became a media darling, celebrated in a Fortune cover article and in frequent television appearances as a market seer.
Monday, February 7, 2011
Foreclosures Soar Among Military Families
For more: http://bit.ly/hd2tLt
The number of foreclosure filings in 2010 among veterans, active-duty troops, and reservists rose 32 percent over 2008, reports RealtyTrac, a foreclosure research firm.
For more: http://bit.ly/hd2tLt
The number of foreclosure filings in 2010 among veterans, active-duty troops, and reservists rose 32 percent over 2008, reports RealtyTrac, a foreclosure research firm.
Worst mistakes first-time home buyers make
For more: http://bit.ly/eYiABu
When Chris Kiskuna bought her first house in 1985, she was so anxious to close the deal quickly, she skipped the home inspection – a decision she paid for the first time she turned on the tap in the bathroom sink.
For more: http://bit.ly/eYiABu
When Chris Kiskuna bought her first house in 1985, she was so anxious to close the deal quickly, she skipped the home inspection – a decision she paid for the first time she turned on the tap in the bathroom sink.
Feasting on Foreclosures: Foreclosure sales can wreck lives, neighborhoods
For more: http://bit.ly/gPlMEl
A lender had taken the deed to the property and sold it to a local investor for $36,100, who then flipped it to Ms. Hernandez, nearly doubling his money in two months. But saddled with a defective home and a mortgage she couldn't afford, Ms. Hernandez let the home go back into foreclosure, where an Ohio-based investor bought it for $3,122. In just three years, the house lost, apparently, 90 percent of its value.
For more: http://bit.ly/gPlMEl
A lender had taken the deed to the property and sold it to a local investor for $36,100, who then flipped it to Ms. Hernandez, nearly doubling his money in two months. But saddled with a defective home and a mortgage she couldn't afford, Ms. Hernandez let the home go back into foreclosure, where an Ohio-based investor bought it for $3,122. In just three years, the house lost, apparently, 90 percent of its value.
Commercial Real Estate Coming Back, but Unevenly
For more: http://bit.ly/eH0Eef
Commercial property took less of a drubbing than residential real estate in the recession but still faces a long and painful recovery.
For more: http://bit.ly/eH0Eef
Commercial property took less of a drubbing than residential real estate in the recession but still faces a long and painful recovery.
Five Beloved Myths of the Mortgage Market
For more: http://nyti.ms/esLr7K
America’s mortgage market almost sank the world economy. But rather than rushing to fix it, the government has blown two deadlines for proposals. The ideas are finally due as early as this week from the Treasury, and those recommendations will frame the debate. But the danger is they will be based on dogma that should in fact be seriously questioned.
For more: http://nyti.ms/esLr7K
America’s mortgage market almost sank the world economy. But rather than rushing to fix it, the government has blown two deadlines for proposals. The ideas are finally due as early as this week from the Treasury, and those recommendations will frame the debate. But the danger is they will be based on dogma that should in fact be seriously questioned.
Sunday, February 6, 2011
Online Mortgage Shopping Made Easier
For more: http://nyti.ms/gGDIB3
CONSUMERS who have practically made a national sport out of hunting down the best price for everything from lipstick to laptops online often fail to comparison-shop for mortgages, finding the Web sites unhelpful or difficult to navigate.
For more: http://nyti.ms/gGDIB3
CONSUMERS who have practically made a national sport out of hunting down the best price for everything from lipstick to laptops online often fail to comparison-shop for mortgages, finding the Web sites unhelpful or difficult to navigate.
Housing Bubbles Are Few and Far Between
For more: http://nyti.ms/hBLK0U
WHAT’S the outlook for home prices over the next decade? It’s not easy to tell. We need to confront the basic fact that near the beginning of the 21st century, the market for homes in much of the world suddenly became more speculative than ever.
For more: http://nyti.ms/hBLK0U
WHAT’S the outlook for home prices over the next decade? It’s not easy to tell. We need to confront the basic fact that near the beginning of the 21st century, the market for homes in much of the world suddenly became more speculative than ever.
Preapproved: Well, It Sounded Good
For more: http://nyti.ms/h0s6a0
MELISSA CALDERONE was ready for a fresh start when she made plans last year to move to Florida from New Jersey. Recently remarried, she signed a contract in mid-March on a house to be built in Windermere, Fla., by Pulte Homes, the nation’s largest homebuilder. The neighborhood had good schools for her three children and two stepchildren. It was also close to where Ms. Calderone’s parents lived.
For more: http://nyti.ms/h0s6a0
MELISSA CALDERONE was ready for a fresh start when she made plans last year to move to Florida from New Jersey. Recently remarried, she signed a contract in mid-March on a house to be built in Windermere, Fla., by Pulte Homes, the nation’s largest homebuilder. The neighborhood had good schools for her three children and two stepchildren. It was also close to where Ms. Calderone’s parents lived.
Stock-Hedging Lets Bankers Skirt Efforts to Overhaul Pay
For more: http://nyti.ms/fYmuvs
Intent on fixing a banking system that contributed heavily to the recent financial crisis, lawmakers and regulators pushed Wall Street to overhaul its pay practices. Big banks responded by shifting more compensation into stock, a move intended to align employees’ interests more closely with those of investors and discourage excessive risk-taking.
For more: http://nyti.ms/fYmuvs
Intent on fixing a banking system that contributed heavily to the recent financial crisis, lawmakers and regulators pushed Wall Street to overhaul its pay practices. Big banks responded by shifting more compensation into stock, a move intended to align employees’ interests more closely with those of investors and discourage excessive risk-taking.
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