The city of Chicago said on Tuesday that it would vigorously defend a lawsuit filed by the Federal Housing Finance Agency (FHFA), which challenges an ordinance regulating the maintenance of vacant properties.
Republicans raised concerns on Tuesday over the Obama administration's nominee to head the Federal Housing Administration (FHA), as a possible bailout for the agency looms.
The Federal Reserve on Tuesday pointed to turmoil Europe as a big risk to the economy, leaving the door open to a further easing of monetary policy even as it noted some improvement in the labor market.
The Federal Reserve on Tuesday left monetary policy on hold but said financial market turbulence posed threats to economic growth, leaving the door open to further easing next year.
Morgan Stanley (MS) is taking a step back to reach a mutually beneficial settlement with bond insurance firm MBIA. The investment bank announced Tuesday that it's willing to take a pre-tax loss of $1.8 billion in the current quarter to resolve outstanding legacy exposures.
It's not been a good year for former CSI star Gary Dourdan; He was arrested in November for domestic violence and drug possession the same night he was in a violent car crash and is now facing foreclosure on his home in California.
Washington Mutual Inc., the biggest bank to fail in U.S. history, said it reached a settlement in a dispute between shareholders and certain creditors that had prevented the bank from emerging from Chapter 11 bankruptcy proceedings.
A new attack ad on Massachusetts U.S. Senate candidate Elizabeth Warren mistakenly frames the well-known liberal as a friend to Wall Street bankers.
About 7 million Americans get jobless benefits under seven different state and federal programs. Around one-quarter of them will fall off the rolls in January unless the U.S. Congress renews an extended-benefits program that expires at the end of the year.
U.S. Sen. Johnny Isakson, R-Ga., introduced on Thursday a bill to wind down Fannie Mae and Freddie Mac and create a transitional mortgage program to be sold to the private sector after 10 years.
Analysts are hoping for a better fourth quarter for the household net worth as the U.S. stocks have performed well at the end of the third quarter.
The top aftermarket NYSE losers on Thursday were: Invesco Mortgage Capital, Texas Instruments, Stone Energy, Dynegy, Cincinnati Bell, Getty Realty, GenOn Energy, First Republic Bank, Esterline Technologies and MEMC Electronic Materials.
Canadian housing starts slumped last month, hurt by weakness in the condominium sector, in the latest sign that a property boom fueled by low interest rates is under pressure from global economic uncertainty.
Risks to Canada's financial stability rose sharply in the second half of the year largely because of the European sovereign debt crisis, even though domestic banks remain stronger than in most other countries, the Bank of Canada said on Thursday.
U.S. companies sat on their largest pile of cash on record during the third quarter, providing a substantial buffer against any blow that might come from Europe's debt crisis, data from the Federal Reserve showed on Thursday.
U.S. companies sat on their largest pile of cash on record during the third quarter, providing a substantial buffer against any blow that might come from Europe's debt crisis, data from the Federal Reserve showed on Thursday.
As the country continues to grapple with the devastating aftermath of the housing market's collapse, acts of civil disobedience centering on foreclosures and evictions represent a powerful tactic for the Occupy Wall Street movement.
As expected, Senate Republicans on Thursday held up the confirmation of the nominee to lead the Consumer Financial Protection Bureau because of concerns about the agency's structure.
The 30-year fixed-rate mortgage rate dropped to 3.99 percent in the week ending Dec. 8 from four percent in the previous week, according to Freddie Mac.
Susquehanna Financial cut its profit estimates of JPMorgan Chase & Co. (NYSE:JPM) after the company guided weak results for its investment bank unit.
The Home Affordable Refinance Program (HARP) is a program specially developed for home owners whose houses have lost value in the last few years and have not managed to get a refinance mortgage.
U.S. mortgage loan delinquencies are projected to decline to five percent by the end of 2012 from around six percent at the end of 2011, according to TransUnion.
