MORTGAGE

Gingrich Consulting Firm Files For Bankruptcy

Newt Gingrich
The Gingrich Group LLC, a consulting firm whose work repeatedly ensnared Newt Gingrich's presidential campaign in controversy, has filed for Chapter 7 Bankruptcy, the Atlanta Business Chronicle reported.
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U.S. Federal Reserve Chairman Ben Bernanke pauses during a news conference following a two-day policy session in Washington

Bernanke Warns US Job Market Weak Despite Gains

The Fed chairman said U.S. job market conditions remain weak despite three months of strong hiring and that the improved employment data seem to be out of sync with the overall pace of economic growth.
The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011.

Wells Fargo Scoffs At Subpoenas In $60B Fraud Probe: SEC

In conducting an investigation of possible fraud in relation to Wells Fargo & Co.'s sale of almost $60 billion in residential mortgage-backed securities, the U.S. Securities and Exchange Commission on Friday requested that a federal court order the country's largest mortgage lender to comply with its subpoenas.
Zsa Zsa Gabor Turns 95, Ailing

Is Zsa Zsa Gabor Safe With Her Husband? Daughter Seeks Conservatorship

Ninety-five-year-old actress and great-aunt of Paris Hilton, Zsa Zsa Gabor, has been in and out of the hospital since the early 2000's. The ailing 95-year-old is making headlines as her much younger husband, Prince Frederic Von Anhalt and her daughter, Constance, Francesa Hilton, prepare to duke it out in court over a conservatorship of Gabor.
U.S. Housing Sector

Can Higher Mortgage Rates Affect U.S. Housing Recovery?

Last week's rise in 10-year U.S. Treasury yields from 2.0 percent to 2.3 percent suggests that it might not be long before mortgage rates increase from their current record low of just above 4 percent, according to Capital Economics.
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WaMu Exits Bankruptcy, On Heels Of Lehman

Washington Mutual Inc , one of the biggest corporate casualties of the 2008 financial crisis, on Monday emerged from bankruptcy protection, just two weeks after Lehman Brothers Holdings Inc also emerged from Chapter 11.
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Treasury nets $25 billion profit on mortgage debt

The Treasury Department said on Monday it made a $25 billion profit on sales of mortgage-backed securities acquired during the financial crisis, part of its ongoing efforts to wind down taxpayer-financed bailout programs.
DJIA

US Stocks: Dow 13,000 - Market Top or Pit Stop?

You can't blame investors for feeling a bit squeamish regarding deploying new money in the U.S. stock market these days, despite the Dow Jones Industrial Average's (DJIA) recent rise to 13,000. Where's the Dow headed in the next three months?

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