MORTGAGE

Home Prices: 5 Questions You Must Ask Before Buying a U.S. Home

U.S. Housing Sector
Incredibly, U.S. home mortgage rates continue to trend lower -- the average 30-year, fixed rate is now 4.07 percent, and they could drop even lower. Still, given soft home prices, jumping into the housing market is hardly a slam-dunk no-brainer, and here are five factors to consider before buying a home.

Calif. Open to Deal in Mortgage Settlement Talks-WSJ

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California Attorney General Kamala Harris remains open to a deal with large U.S. banks in multi-state mortgage negotiations provided it involves a stronger proposal from lenders, the Wall Street Journal reported.
Canada outshines U.S. with stunning jobs growth

Canada outshines U.S. with stunning jobs growth

Canada churned out a stunning 60,900 jobs in September, once again outshining the United States with an economy that is humming along even as other rich nations struggle with debt and slumping confidence.
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Elizabeth Warren speaks with voters as she campaigns after announcing her candidacy for the U.S. Senate in Framingham, Massachusetts

Warren in Senate campaign mode with first debate

Consumer advocate and former Obama administration official Elizabeth Warren got into the nitty-gritty of campaigning for the U.S. Senate in Massachusetts on Tuesday, facing off in her first political debate.
High-school students clash with riot police during a protest march against economic austerity and planned education reforms in Athens

Michael Lewis Sees Messy End for Greece

Greece will default on its debts, Ireland could too and Greek Prime Minister George Papandreou and German Chancellor Angela Merkel will be forced out as Europe's financial crisis plays out, author Michael Lewis predicted on Tuesday.
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Fed's Raskin: Need reforms in mortgage practices

The U.S. economy is still suffering from a shocking drop in homeowners' equity and reforms are needed in how mortgage loans are originated and handled, Federal Reserve Governor Sarah Bloom Raskin said on Tuesday.
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Fed's Raskin: Reforms needed in mortgage practices

The U.S. economy is still suffering from a shocking drop in homeowners' equity and reforms are needed in how mortgage loans are originated and handled, Federal Reserve Governor Sarah Bloom Raskin said on Tuesday.
Harris attends a news conference to announce the creation of the Mortgage Fraud Strike Force in Los Angeles

California Exits Mortgage Settlement Talks

The state of California pulled out of multi-state mortgage negotiations with large U.S. banks, dealing a sharp blow to long-running efforts to secure a broad settlement over allegations of lending abuses.
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Judge Dismisses Part of Fraud Case Against Citigroup

A U.S. federal judge dismissed part of a case brought by European bond investors accusing Citigroup Inc. and its directors of misrepresenting or failing to disclose Citi's exposure to toxic mortgage assets and its own solvency.
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California Quits U.S. Mortgage Settlement Talks

The state of California pulled out of multi-state mortgage negotiations with large U.S. banks, dealing a sharp blow to long-running efforts to secure a broad settlement over allegations of lending abuses.
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JPMorgan, BofA sued over mortgage debt losses

JPMorgan Chase & Co and Bank of America Corp were hit with new lawsuits by investors claiming losses on $4.5 billion of soured mortgage debt, adding to litigation targeting the two largest U.S. banks.
U.S. Banks: Dividend hikes, M&As on their way

U.S. Banks Woo California in Mortgage Settlement

The largest U.S. banks, eager to get legal protection after widespread evidence emerged of foreclosure shortcuts, are trying to convince California to be part of a multi-state mortgage settlement and not pursue its own aggressive deal.
U.S. home construction unexpectedly fell 1.1 percent in February

Good Time to Lock in a 30-Year Fixed Home Mortgage Rate?

Amid a sluggish U.S. economy with inadequate job growth, there has been one unabashed bright spot: home mortgage interest rates, currently about 4.10 percent for a 30-year, fixed-rate mortgage, are the lowest in decades. Is now a good time to take the plunge a purchase a home?
Philadelphia Federal Reserve President Charles Plosser

Fed's Plosser: Twist Will do Little for Growth

The Federal Reserve's move last week to further lower borrowing costs was risky and won't significantly speed up a painfully protracted recovery, one of the officials who dissented against the decision said on Thursday.
Home price index hits record high in July

Home price index hits record high in July

Resale home prices rose to a record high in July, their eighth consecutive monthly gain, according to report on Wednesday that an analyst said signaled a gradual slowdown in a strong market.
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Mortgage applications rose last week: MBA

Applications for U.S. home mortgages rose last week, reflecting a jump in demand for home loan refinancing as mortgage rates dropped, an industry group said on Wednesday.

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