Fannie Mae and Freddie Mac are extending one of the most successful federal programs enacted in response to the mortgage crisis into next year, even as the pool of borrowers who could benefit from it.. Newsmax
U.S. home resales fell more than expected in July after four straight months of strong gains. A lack of inventory limited choice for buyers, but further gains in prices suggested the housing market.. Source: Wochit Business -
As technology continues to evolve the banking industry has continually been working to re-direct consumers towards more use of it's online tools, hoping to trim cost , however despite the convenience.. Source: Wochit Business -
A new report from credit agency Equifax shows debt delinquencies continue to soar in Canada's oil-producing regions, but it also shows a troubling new trend: Canada's youngest debtors are increasingly.. Source: HuffPost Canada Trends -
WASHINGTON The U.S. agency charged with protecting consumers' finances approved rules on Thursday that will help prevent wrongful home foreclosures, as the regulator continues to press on with.. Source: Wochit Business -
The Federal Reserve fined Goldman Sachs $36.3m for what it called the use and disclosure of confidential materials that the US uses in its supervision of banks. The Fed ordered the big Wall Street bank.. Source: Wochit Business -
*By Narda Zacchino*
*The California Dream*
Living in California is like living in a bowl of granola; what ain't fruits or nuts, is flakes.
—GALLAGHER, COMEDIANThis popular late '70s East Coast.. Huffington Post
Is there another subprime loan crisis brewing?
John Oliver, host of HBO’s “Last Week Tonight,” found disturbing similarities between the easy loans dished out for used cars and the mortgage.. Huffington Post
Submitted by Shaun Bradley via TheAntiMedia.org,
*The world has been captivated by a continuous stream of disturbing and shocking headlines.* Seemingly every other day, different terrorist attacks,.. Zero Hedge
WASHINGTON ― Sen. Tim Kaine (D-Va.) is on Hillary Clinton’s short list of potential vice presidential nominees. He’s also actively pushing bank deregulation this week as he campaigns for the.. Huffington Post
London's housing bubble is beginning to burst. The first effects are already being felt in London and it is very likely that over the next few weeks the prices of residential and commercial property.. Huffington Post
Authored by Sue Chang via MarketWatch.com,
*Andy Xie isn’t known for tepid opinions.*
The provocative Xie, who was a top economist at the World Bank and Morgan Stanley, found notoriety a decade.. Zero Hedge
Here's the draft of the Democratic Party platform. It is dramatically more progressive than the 2012 version. The nation's political center of gravity has changed. Thanks to grassroots movements like.. Huffington Post
"We are facing the largest macro imbalance in global history."
That's according to Kyle Bass, founder of hedge fund Hayman Capital Management.
Investors better prepare for a Chinese crisis.. Business Insider
Jointly owning a property in Germany without a contractual agreement can be very risky. Statistically, people in Germany own a property for longer than they are married. If the respective property is.. City A.M.
The largest Canadian banks would be able to absorb the impact of a severe downturn in the housing market without incurring "catastrophic losses," according to Moody's Investors Service. The ratings.. RTTNews
*U.S. prosecutors have abandoned their case against Angelo Mozilo, *the over-tanned character at the center of the risky subprime mortgages that fueled the financial crisis, after a two-year quest to.. Zero Hedge
Submitted by Adam Taggart via PeakProsperity.com,
This week, Chris interviews Time Magazine assistant managing editor and economic columnist Rana Foroohar about the findings within her new book.. Zero Hedge
It's no overstatement to say that new technologies and Big Data are upending many traditional industries. Sure, there are multi-billion-dollar darlings such Uber, AirBNB, and Lyft that are seemingly in.. Huffington Post