MORTGAGE

Payroll gains are the golden indicator for the US economy at this time because it reveals conditions in crucial areas and is the catalyst for the next step of the recovery process.

Bank of China Ltd and four other major state lenders will end preferential mortgage rates for first-time homebuyers in the southern boomtown of Shenzhen after the Lunar New Year holiday, a local newspaper said.

The companies whose shares are moving in pre-market trade on Monday are: Bristol Myers Squibb, Chesapeake Energy, Sprint Nextel, Valero Energy, Bank of America, Aetna, Verizon Communications, Weyerhaeuser, Nvidia and Corning.

Bank of America Corp appointed on Friday a new foreclosure and loan modifications czar, and created a new unit to oversee problem home loans in a bid to sort out its on-going foreclosure issues, becoming the first large U.S. bank to do so.

Australia's cruel summer of cyclones and floods could generate a new, devastating political storm for Prime Minister Julia Gillard, who now must buck hostile public opinion to find a way to pay for the clean-up.

Billionaire hedge fund manager John Paulson wrote in his 2010 year end firm report that US stocks will continue to rise.

Federal Reserve Chairman Ben Bernanke's speech to the National Press Club on Feb. 3, 2011

Workers union sues Bank of America and its Countrywide unit for not disclosing mortgage crisis sooner

The U.S. home loan demand rose sharply in the week ended Jan. 28, even as the mortgage rates continue to rise from their lowest levels, the Mortgage Bankers Association (MBA) said on Wednesday.

Manufacturing activity grew in January at its fastest pace since records began in 1992, and factory costs also surged, in a further sign that price pressures are building in the economy, a survey showed.

DR Horton Inc (DHI.N), the top U.S. homebuilder, reported a larger-than-expected quarterly loss, citing an increase in home foreclosures, and lingering anxiety among homebuyers that contributed to a sharp drop

Unless the U.S. addresses [its] fiscal problem, we’re going to see a train wreck, said Nouriel Roubini.

China's harsh measures to cool its booming property market is having limited impact on prices, property developer SOHO China's (0410.HK) chief executive said, underscoring the government's difficulty to curb credit growth on all fronts.

Applications for U.S. home mortgages slumped last week as bankers recorded the slowest refinancing activity in more than a year, an industry group said on Wednesday.

Applications for U.S. home mortgages slumped last week as bankers recorded the slowest refinancing activity in more than a year, an industry group said on Wednesday.

The gold naysayers are using rising rates as a way to dismiss gold. Let me explain why this belief is not only false but also utterly dangerous. First and foremost, the parameters have changed in just a few short years. Government debt has increased substantially in the last few years.

Firm's big bet on Citigroup pays off with a $1 billion gain.

Investor interest in derivatives-based strategies remains cold, as the financial bailout in 2008 and the Dodd-Graham Financial Overhaul Act has kept investors scared.

Scott Farah, the head of New Hampshire-based failed mortgage firm Financial Resources Mortgage has been sentenced to 15 years in prison by a federal judge for duping hundreds of investors.

A Massachusetts-based lawyer, who was suspended for defrauding 10 mortgage lenders of more than $10.6 million, has been sentenced to 12 years in prison.

A U.S. bankruptcy judge temporarily blocked bankrupt subprime lender Mortgage Lenders Network USA from destroying 18,000 boxes of original loan files after federal prosecutors said documents in them may be needed as evidence in more than 50 criminal investigations.