News and Press Releases
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NY AG announces probe of life insurance industry
(AP)
Fri, 30 Jul 2010 03:45:28 GMT
MetLife posts Q2 earnings of $1.5 billion, beating Street (Reuters) Thu, 29 Jul 2010 22:43:10 GMT Reuters - MetLife Inc , the biggest U.S. life insurance company, posted a second-quarter profit of $1.53 billion, helped by higher premium revenue from sales domestically and abroad. Florida mortgage firm settles federal charges (AP) Thu, 29 Jul 2010 22:30:00 GMT AP - Federal regulators say a Florida company they accused of misleading borrowers who were seeking to avoid foreclosure has agreed to repay the consumers $2.4 million to settle those charges. PMI Group narrows loss, but shares tumble (AP) Thu, 29 Jul 2010 22:29:53 GMT AP - PMI Group Inc. on Thursday reported a nearly $151 million loss, narrower than a year ago but far wider than Wall Street expected. Shares of the mortgage insurer tumbled nearly 15 percent. Congress to try to recoup Fannie, Freddie costs (AP) Thu, 29 Jul 2010 22:04:26 GMT AP - Lawmakers plan to study ways to get back some of the $145 billion the government has pumped into giant mortgage buyers Fannie Mae and Freddie Mac. Summary Box: Mortgage rates hit low of 4.54 pct. (AP) Thu, 29 Jul 2010 20:25:55 GMT AP - RATES KEEP FALLING: Mortgage company Freddie Mac said the average rate for 30-year fixed loans this week was 4.54 percent, down from 4.56 last week. Mortgage rates hit low of 4.54 percent (AP) Thu, 29 Jul 2010 20:09:31 GMT
Citigroup settles charges over misleading investors (AFP) Thu, 29 Jul 2010 19:00:15 GMT
(AP) Thu, 29 Jul 2010 14:01:08 GMT AP - Mortgage rates drop to 4.54 pct., hitting lowest level on record for fifth time in six weeks. |
Mortgage lenders must register in database
(AP)
Wed, 28 Jul 2010 21:52:52 GMT AP - Loan officers at banks will be required to provide their names and fingerprints to a national database as part of an effort to crack down on shady operators who fed the real estate bubble. Treasury says latest mortgage-aid report flawed (AP) Wed, 28 Jul 2010 20:46:59 GMT AP - The Obama administration is revising the latest report on its troubled mortgage-relief program, and the changes are likely to show a greater number of borrowers facing foreclosure after having their loans modified. Goldman and Citigroup to sell $788.5 million CMBS (Reuters) Wed, 28 Jul 2010 20:41:56 GMT Reuters - Goldman Sachs Group Inc and Citigroup Inc will sell a $788.5 million commercial mortgage-backed security, according to a term sheet sent to investors, in the largest deal of its kind since volume began crawling back after the financial crisis. Summary Box: Mortgage applications down percent (AP) Wed, 28 Jul 2010 19:47:36 GMT AP - MORTGAGE APPLICATIONS DOWN: Applications for home loans fell 4.4 percent last week despite the lowest mortgage rates in decades, according to the Mortgage Bankers Association. Buy, Sell, or Hold Research In Motion? (The Motley Fool) Wed, 28 Jul 2010 17:34:32 GMT The Motley Fool - Right now, you can't go through a list of news articles for Research In Motion (Nasdaq: RIMM - News) without seeing gloomy headlines such as "Why RIM is a Risky Investment" (TheStreet.com) and "BlackBerry's Era May Be Ending" (The New York Times). Fears of market share declines because of Apple's (Nasdaq: AAPL - News) iPhone and Google's (Nasdaq: GOOG - News) Android platform clearly have investors on edge -- and an underwhelming earnings report last quarter didn't do much to calm their nerves. 5 Essential Components of a Retirement Plan (U.S. News & World Report) Wed, 28 Jul 2010 17:12:11 GMT U.S. News & World Report - When most people plan for retirement they think about saving and investing so they have a large nest egg to draw upon once they stop working. Investing is certainly important, but it is not the whole story. A secure retirement demands more than just a well-funded investment account. Here are five essential components of any retirement plan. Mortgage applications fall 4.4 percent last week (AP) Wed, 28 Jul 2010 13:30:13 GMT AP - Applications for home loans fell last week despite the lowest mortgage rates in decades. Mortgage demand dips on rising rates (Reuters) Wed, 28 Jul 2010 11:37:06 GMT
Why You Should Invest in European Stocks (U.S. News & World Report) Tue, 27 Jul 2010 20:27:49 GMT U.S. News & World Report - Much has been made of the fiscal difficulties that some European Union countries, most notably Greece, are experiencing. Less has been said about what opportunities may exist for investors interested in the countries in the EU. Dean Tenerelli, manager of the T. Rowe Price European Stock fund, says that there are many cheap opportunities in Europe. As a whole, he believes Europe is inviting for investors who are willing to look past some of the macroeconomic problems there. U.S. News caught up with Tenerelli to get his outlook for the region. Excerpts: How to Hedge for Uncertain Times (The Motley Fool) Tue, 27 Jul 2010 19:07:40 GMT The Motley Fool - Fed Chairman Ben Bernanke recently described the economic outlook as "unusually uncertain," and that's likely an apt description of what many investors are feeling. Summary Box: Conference on Fannie, Freddie (AP) Tue, 27 Jul 2010 19:01:04 GMT AP - CONFERENCE SCHEDULED: The Obama administration will hold a conference Aug. 17 to discuss the future of government-sponsored mortgage buyers Fannie Mae and Freddie Mac, which almost collapsed nearly two years ago. |
