Saturday, February 12, 2011

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.
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.
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.
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.
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.
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.

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.
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.
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.

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.
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.
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.
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.
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.

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.