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fell back on Monday from its record highs, but losses of less than 10 points reflected the continuing optimism among investors about the stock market's future prospects...GS ) has introduced a bond-market innovation that could either reawaken
Existing-home sales in May hit the fastest pace in seven months, thanks to a strengthening labor market, expanding inventories and falling mortgage rates, according to data released Monday. Rising for a second month, sales of existing homes grew 4.9%
Mike Trafton bought his retirement home in Eagle without signing a stack of mortgage papers. Trafton, 55, and his wife, Cindy, 54, paid $400,000 in cash for the 3,200-square-foot house after selling their 4,400-square-foot home in suburban Portland,
In an effort to recover losses incurred from the 2008 housing crisis, BlackRock Inc. (BLK) and Pacific Investment Management Co. (Pimco) have sued several trust banks for their part in abetting risky mortgage-backed securities.
Officials hoping for clear indications of what is happening in the housing market have been given a dose of bad news. The latest figures on mortgage lending amount to a "statistical fog", according to the Council of Mortgage Lenders (CML)...While the
The money is supposed to provide funding for loan modifications and other forms of relief over a three-year period. The state also expects about 1,200 Maryland borrowers to be eligible to apply for a one-time payment from a $40 million national fund.
Bank of America Corp ( BAC ) will have to face a lawsuit worth $1 billion that originated from Merrill Lynch's operations back in 2006. A New York appeals court upheld a previous ruling today, calling for the bank to face the lawsuit.
Department of Justice to pay more than $10 billion to settle a probe into the bank's sales of mortgage securities before the financial crisis, Bloomberg News reported on Friday. The report, which cited a person familiar with the investigation, said
From a technical perspective, the rising wedge formation we've seen over the past few weeks seems to have broken in the bulls' favor. It appears perhaps we now have an upside target of 2000 for the S&P 500 Index...Since markets are looking to get to
US authorities negotiating with BNP Paribas over alleged sanctions violations at one point suggested that France's biggest bank pay a penalty as high as $16 billion, according to people familiar with the matter. While the sources said that number was