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    May 9, 2013 |Story| Reuters
  1. Fannie Mae makes record $58.7B profit in 1Q

    Fannie Mae, the nation's biggest mortgage finance company, on Thursday posted a record profit of $58.7 billion, most from $50 billion tax-related gain.
    Reuters
    Fannie Mae, the nation's biggest mortgage finance company, on Thursday posted a record profit of $58.7 billion, most from $50 billion tax-related gain. The mortgage lender said it will pass that windfall, and then some, to the U.S. Treasury in the...

    Tags: Companies and Corporations, Finance, U.S. Congress, Earnings, Loans

  2. May 9, 2013 |Story| South Florida Sun-Sentinel
  3. Mortgage interest rates rise for first time in 6 weeks

    Sun Sentinel
    Average interest rates on both 15- and 30-year fixed-rate mortgages increased this week after falling for five weeks in a row,  Freddie Mac said Thursday. Average 30-year, fixed-rate loans jumped to 3.42 percent this week after dipping to 3.35 ...

    Tags: Finance, Money and Monetary Policy, Economy, Business and Finance, Freddie Mac

  4. May 9, 2013 |Story| Chicago Tribune
  5. Mortgage rates rise on April jobs strength

    Mortgage rates moved higher this week, for the first time in six weeks, as a result of a stronger-than-expected April jobs report.
    Tribune reporter
    Mortgage rates moved higher this week, for the first time in six weeks, as a result of a stronger-than-expected April jobs report. Freddie Mac said Thursday that the average rate for a 30-year, fixed-rate mortgage was 3.42 percent, up from 3.35 percent...

    Tags: Labor Markets

  6. May 8, 2013 |Story| Reuters
  7. Problem is not inflation but fiscal stalemate: Fed's Fisher

    Reuters
    (Reuters) - The Federal Reserve's extremely accommodative monetary policy has not boosted jobs as much as it should because the U.S. Congress and White House cannot agree on tax and spending policies, a top Fed official said on Wednesday. "Inflation is...

    Tags: White House, Central Bank, Derivative Securities, U.S. Congress, Budgets and Budgeting

  8. May 8, 2013 |Story| Reuters
  9. FACTBOX-Freddie Mac to pay $7 billion bailout dividend

    Reuters
    May 8 (Reuters) - Mortgage finance company Freddie Mac said on Wednesday it earned a net $4.6 billion in the first quarter while paying a $5.8 billion dividend to the U.S. Treasury under the terms of its government bailout. It said it would make...

    Tags: Finance, Economy, Business and Finance, Freddie Mac, Fannie Mae

  10. Apr 30, 2013 |Story| Los Angeles Times
  11. U.S. home prices keep rising, but homeownership is down

    Home prices are rising at levels not seen since the real estate boom, but American homeownership remains on the decline.
    Home prices are rising at levels not seen since the real estate boom, but American homeownership remains on the decline. The two trends underscore the nature of the housing rebound: Gains in pricing have been driven significantly by investors, leaving...

    Tags: Blackstone Group, L.P., Real Estate Buyers, Property, Foreclosures, Financial and Business Services

  12. Apr 30, 2013 |Story| Baltimore Sun
  13. Settlement for Baltimore woman denied mortgage while pregnant

    A mortgage lender based in Utah has agreed to pay a Baltimore woman $13,000 for denying her a loan because she was pregnant and on maternity leave, the U.S. Department of Housing and Urban Development announced Tuesday.
    A mortgage lender based in Utah has agreed to pay a Baltimore woman $13,000 for denying her a loan because she was pregnant and on maternity leave, the U.S. Department of Housing and Urban Development announced Tuesday. Primary Residential Mortgage Inc....
  14. May 8, 2013 |Story| Reuters
  15. Billionaire investors take aim at Fed's policies at Sohn event

    Reuters
    NEW YORK (Reuters) - Wealthy money managers bashed Federal Reserve Chairman Ben Bernanke's easy money policies at a closely watched annual investment conference and charitable event on Wednesday. The Sohn Investment Conference, which raises money for...

    Tags: Elections, Derivative Securities, Finance, Central Bank, Bankruptcy

  16. May 8, 2013 |Story| Hartford Courant
  17. READER SUBMITTED: Simsbury Bank Provides Funds For Improvements To Simsbury Memorial park

    Simsbury
    Simsbury Bank is very pleased to announce that it is the lead sponsor of the Simsbury Little League's capital initiatives, providing $25,000 for improvements and renovations to the Little League facilities at Simsbury Memorial Park. The improvements...

    Tags: Simsbury, Avon (Hartford, Connecticut), Finance, Banking, Economy, Business and Finance

  18. May 8, 2013 |Story| Reuters
  19. Former UK central bankers say mortgage scheme fuels debt risk

    Reuters
    LONDON (Reuters) - Two former Bank of England policymakers criticized on Wednesday a flagship government scheme to boost mortgages, saying it would encourage more risky lending in an economy already overburdened with debt. Former deputy governor Rachel...

    Tags: Finance, England, Money and Monetary Policy, Economy, Business and Finance, United Kingdom

  20. Apr 30, 2013 |Story| Reuters
  21. Genworth's profit more than doubles on U.S. unit performance

    Reuters
    April 30 (Reuters) - Life and mortgage insurer Genworth Financial Inc's first-quarter profit more than doubled, helped by strong performance in its U.S. mortgage insurance business. Net income rose 124 percent to $103 million, or 21 cents per share,...
  22. May 7, 2013 |Story| Reuters
  23. Goldman Sachs must face fraud claims from insurer -N.Y. court

    Reuters
    By Joseph Ax NEW YORK, May 7 (Reuters) - Goldman Sachs Group Inc must face fraud claims brought by CIFG Assurance North America over insurance it provided for $275 million in mortgage-backed securities, a New York state appeals court ruled on Tuesday....

    Tags: Derivative Securities, Manhattan (New York City), Prosecution, Goldman Sachs Group, Inc., Crime, Law and Justice

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