MORTGAGE

U.S. President Barack Obama is naming Richard Cordray to be the country's chief consumer watchdog through a recess appointment, despite stubborn GOP opposition.

Demand for loans to buy homes and refinance mortgages slid in the final week of 2011, even as mortgage rates dipped, an industry group said on Wednesday.

Bank of America Corp. (NYSE:BAC) lost a key ruling against MBIA Inc. (NYSE:MBI), which granted the latter company court permission to pursue further legal action against Bank of America, Bloomberg reported Tuesday.

Wesley Durden isn't the first reality star who died by suicide. Many others have fallen under the bright light of reality television only to commit suicide after the television cameras leave.

JPMorgan Chase & Co has been sued for $95 million by the trustee for securities marketed in 2005 by the former Bear Stearns Cos over alleged misrepresentations regarding the underlying mortgage loans.

German President Christian Wulff is now in even more trouble after reports surfaced that he threatened news outlets against running stories on his loan scandal.

Ask any behaviorist: Resolutions rarely work. They are too big and sweeping. The minute you fall off the bandwagon, you abandon attempts to climb back on, mostly because you're too busy hating yourself.

Ken and Meredith Williams produced a satiric YouTube video warning Bank of America, "Don't let anybody tell you you're too big to fail, cause you belong in jail."

U.S. 30-year fixed-rate mortgage rates averaged 3.95 percent in the week ending Dec. 29, according to Freddie Mac.

You can’t blame Americans for wanting to drop investing in U.S. stocks like a bad habit as the new year begins. Is the Dow’s recent rise above 12,000 a buy signal or another false rally?

A Wall Street Journal article making the rounds this morning notes some big investors have turned bullish on the housing market in the past quarter. Among the big names mentioned are hedge funds run by SAC Capital Advisors LP, Blackstone Group LP and Goldman Sachs Group.

The Securities and Exchange Commission won a delay in its securities fraud lawsuit against Citigroup Inc, as the regulator tries to appeal a judge's decision to reject its $285 million settlement with the bank.

The U.S. Securities and Exchange Commission won a delay in its securities fraud lawsuit against Citigroup Inc, as the regulator tries to appeal a judge's decision to reject its $285 million settlement with the bank.

An appeals court on Tuesday granted an appeal of a controversial ruling that moved consideration of Bank of America Corp's $8.5 billion settlement over mortgage debt to federal court.

GE Capital, the financial services division of General Electric Co. (NYSE: GE), announced today that its wholly-owned bank affiliate, GE Capital Financial Inc. is acquiring MetLife Inc.'s (MET) U.S. retail deposit business as GE moves into online banking.

UBS will sacrifice its place in the top ten investment bank rankings as stricter capital rules force it to give up riskier fixed-income business, the Swiss bank's financial head said.

UBS will sacrifice its place in the top ten investment bank rankings as stricter capital rules force it to give up riskier fixed-income business, the Swiss bank's financial head said.

As the end of 2011 approaches, the housing market is another year removed from the subprime mortgage meltdown. But the legacy of the crash remains, as homeowners, lenders, regulators and brokers alike continue to deal with falling home prices, a glut of unprocessed foreclosures and an uncertain economy.

Taking a page from Judge Jed Rakoff: a month after a Securities and Exchange Commission settlement with Citigroup was rejected, federal judge in Milwaukee pressed the agency to explain its vague deal with a Wisconsin headphones manufacturer.

U.S. average 30-year fixed-rate mortgages hit another record low of 3.91 percent in the week ending Dec. 22, according to Freddie Mac.

Following the House of Representatives' rejection of legislation to extend the payroll tax cut and jobless benefits for two months, on Tuesday the White House took to social media asking people to comment on what the rejection meant to them. For an average taxpayer earning $50,000 a year, terminating the tax cuts could mean an extra $1000 in Social Security tax from Jan. 1, 2012. When broken down that is about $40 for a pay period of two weeks.