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Special Report: Cheap money bankrolls Wall Street's bet on housing
ReutersLAS VEGAS (Reuters) - Michael Marchillo, a plumber, has been trying and failing for months to buy a bigger home for his family here in Sin City. He was pre-qualified by a bank for a $130,000 mortgage, which a year ago would have landed a typical three-...Tags: Foreclosures, Home Improvement, Federal Reserve, Mutual Funds, Services and Shopping
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N.Y. to sue Wells Fargo, Bank of America over mortgage practices
NEW YORK -- New York state's attorney general plans to sue Wells Fargo and Bank of America over alleged violations of a national mortgage settlement reached last year. Atty. Gen. Eric Schneiderman's office said Monday it intends to sue the banks for...
Tags: Mortgages, JPMorgan Chase & Co., Litigation, Banking, Trials
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MOVES-ResCap, Northern Trust, Houlihan Lokey
ReutersMay 6 (Reuters) - The following financial services industry appointments were announced on Monday. To inform us of other job changes, email to moves@thomsonreuters.com. RESIDENTIAL CAPITAL LLC ResCap Chief Executive Thomas Marano has resigned as the...Tags: Arthur Andersen, Northern Trust Corporation, Wells Fargo & Co., Economy, Business and Finance, Finance
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ON THE MOVE-Raymond James managers move to Stifel, LPL
ReutersMay 6 (Reuters) - Two former Raymond James Financial Inc branch managers based in Austin, Texas have moved to rival firms Stifel, Nicolaus & Co and LPL Financial LLC. Both managers, who moved in April, were registered with Raymond James & Associates, the...Tags: Raymond James Financial Incorporated, Stifel Financial Corporation
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Housing costs overwhelm South Florida working families
South Florida continues to lead the nation with the highest percentage of working families struggling to pay housing costs. The region has had this distinction for four consecutive years, according to a report last week. Roughly 41 percent of 730,777...Tags: Orlando, Washington, DC, Homes, Miami (Miami-Dade, Florida), Property
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Foreclosure fights drag market down
Janet and Paul Arndt fell behind on their bills a couple of years ago after Janet lost her job as an office administrator and Paul had back and neck problems that prevented him from working as a painter. Their Heidelberg Township home went into...
Tags: Foreclosures, Marketing, Mortgages, Bethesda (Montgomery, Maryland), National Government
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Business people - May 5
Christian Caine SHEPHERDSTOWN, W.Va. — Jennifer Blackford Fountain has been promoted to general manager at Christian Caine in Shepherdstown. In her new position, Fountain is responsible for overseeing all store operations and staffing....
Tags: Small Businesses, Hagerstown (Washington, Maryland), Sears, Science and Technology, Services and Shopping
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Latest Michigan news, sports, business and entertainment:
Jury convicts Lansing man in toddler's death LANSING, Mich. (AP) — The ex-boyfriend of a Lansing woman has been convicted in the slaying and torture of her 2-year-old son. The Lansing State Journal reports that an Ingham County Circuit Court...Tags: Punishment, Executive Branch, Motorvehicle Accidents, Justice System, Shootings
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WRAPUP 3-U.S. job market shows surprising strength in April
Reuters* Nonfarm payrolls up 165,000 in April * February and March revised up by net 114,000 jobs * Jobless rate falls to 7.5 percent, labor force expands By Lucia Mutikani WASHINGTON, May 3 (Reuters) - U.S. employment rose more than expected in April and...Tags: Labor Markets, Marketing, Career and Workplace, Federal Reserve, Unemployment
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Ex-president of mortgage processor DocX sentenced to up to 20 years in prison in Michigan case
GRAND RAPIDS, Mich. (AP) — The former president of a mortgage document processing company has been sentenced to up to 20 years in prison on a racketeering charge in a Michigan case. Lorraine Brown pleaded guilty in February. The attorney general'...Tags: Punishment, Mortgages, Justice System, Trials, Crime, Law and Justice
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Obama nominates new heads of FCC and federal housing agency
WASHINGTON -- President Obama on Wednesday nominated new heads of the Federal Communications Commission and the Federal Housing Finance Agency, saying they would both help expand the economy. Obama tapped venture capitalist Thomas Wheeler to replace...
Tags: Washington, DC, Freddie Mac, Federal Communications Commission, White House, Parties and Movements
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CORRECTED-COMPLY-Regulators eye troubling credentials for advising seniors
Reuters(Corrects that CRPC designation is available from College for Financial Planning, not the Certified Financial Planner Board of Standards) By Suzanne Barlyn NEW YORK, May 2 (Reuters) - Financial advisers may need to be more careful then ever when using...Tags: Politics, Securities, Regulatory Policy and Organizations, Retirement Planning Services, Personal Finance
May 6, 2013
|Story| Reuters
May 6, 2013
|Story| Los Angeles Times
May 6, 2013
|Story| Reuters
May 6, 2013
|Story| Reuters
May 4, 2013
|Story| South Florida Sun-Sentinel
May 4, 2013
|Story| Allentown Morning Call
May 5, 2013
|Story| Herald Mail
May 4, 2013
|Story| AP Michigan
May 3, 2013
|Story| Reuters
May 3, 2013
|Story| AP Michigan
May 1, 2013
|Story| Los Angeles Times
May 3, 2013
|Story| Reuters
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