Why did the price of gold hit record highs in 2008? Take a look at the headlines - government bailouts of failed banks, mortgage and credit crises, rising inflation, slowing growth and global insecurity. In order to protect themselves from treacherous financial markets and depreciated paper currencies investors worldwide are turning to gold.
The automotive credit market showed a significant improvement in the final quarter of last year, as 30- and 60-day loan delinquencies exhibited sharp declines, says a new report.
A top Freddie Mac executive received notice the government may file charges against him for allegedly violating securities laws in the years leading up to the housing bust, according to a regulatory filing released on Thursday.
U.S. regulators' efforts to settle with banks over improper mortgage foreclosures are being hampered by infighting among the groups involved in the talks, and a settlement may take a while, according to sources familiar with the matter.
A Chinese state company has tapped Sun Hung Kai Properties Ltd and Guoco Group Ltd as potential investors for a fund that aims to raise up to 20 billion yuan ($3.1 billion) to develop Shanghai's Bund district, a source said on Thursday.
China's top five banks have scrapped mortgage rate discounts for first home buyers in Beijing, the official China Securities Journal said on Thursday, as part of efforts to cool a red-hot property market.
Jeffrey Gundlach of DoubleLine Capital, dubbed 'King of Bonds' by Barron's, sees a major collapse in the municipal-bond market. After the carnage happens, he plans to scoop up the bargains left behind.
Utah's attorney general's office said ReconTrust Co., a subsidiary of Bank of America Corp. (BofA), has violated the state's law on foreclosures.
A federal court is on the verge of throwing out a lawsuit filed by Maine homeowners facing foreclosure action against Ally Financial Inc.'s GMAC mortgage unit, which has been accused of wrongful foreclosure practices.
One in four counties in the U.S. are ”dying” – meaning, they are recording more deaths than births – according to findings by the U.S. Census Bureau.
U.S. homeowners facing foreclosure action haven't made a mortgage payment in an average of 17 months, compared to 11 months two years ago, and the time frame may increase, according to a USA Today report.
New York's chief judge has taken steps to provide homeowners facing foreclosure legal representation free of charge.
Reality TV, Facebook, Twitter, paid-for plastic bags were ranked among the Top 10 worst innovations of the decade by Britons in a survey.
Federal Reserve Chairman Ben S. Bernanke’s prepared remarks at the Banque de France Financial Stability Review Launch Event, Paris, France, Feb. 18, 2011
Mortgage foreclosures “have clearly turned the corner,” said the Mortgage Bankers Association (MBA) chief economist Jay Brinkmann.
Fewer than one in 10 of Kenya's urban dwellers can afford a mortgage, while rural incomes are too low for a mortgage market to develop, a central bank and World Bank study showed on Wednesday.
U.S. bank regulators are finalizing punishments against mortgage servicers after a probe found critical deficiencies with the industry's foreclosure processes.
U.S. home loan demand fell sharply in the week ended Feb. 11, recording a second consecutive weekly decline, the Mortgage Bankers Association (MBA) said on Wednesday.
Fannie Mae has booted Florida-based foreclosure law firm Ben-Ezra & Katz from its retained attorney network after noticing that the firm was not handling its matters in strict compliance with proper procedures, ethical codes of conduct and legal requirements.
Many U.S. consumers have no choice and are held captive to home mortgage-related companies that are often aggressively fast, commit errors in paperwork and refuse to answer questions, and whose continuing problems are holding back the country's economic recovery, a top U.S. regulator said on Friday.
A top Federal Reserve official on Friday warned mortgage servicing industry executives they could face enforcement actions and that they shoulder some of the blame for a sluggish economic recovery.
The Obama administration favors creating a national standard for mortgage servicers such as Bank of America Corp and JPMorgan Chase & Co that have been accused of botching home foreclosure procedures.
