JPMorgan Chase & Co Chief Executive Jamie Dimon said President Barack Obama's decision to expand investigations into home lending and sales of mortgage securities could stop settlement talks with the states over foreclosure practices. "It has a pretty good chance of derailing it," Dimon said in a televised interview with CNBC from Davos, Switzerland ...
Pending sales of existing U.S. homes dropped for a third successive month during September, a real estate industry group reported on Thursday, though a sales index was above year-ago levels. ...
Mortgage rates near historic lows have sparked a refinancing boom, and lenders are struggling to handle the surge. “There’s just so much volume,” says Kristin Wilson, a senior loan officer in Bloomington, Minn., for Fairway Independent Mortgage ...
A sharp slowdown in the pace of home foreclosures may help ease the financial burden on bankers by helping them unload a glut of repossessed homes more slowly and delay booking losses from the sale of distressed properties. But it will do little to help millions of Americans families at risk of being tossed ...
While the ECB is widely expected to leave the main refinancing rate at 1.25% in May, the focus is on the accompanying statement and the press conference as clues on the next rate hikes may be provided. Although President Trichet had said after April's rate hike that policymakers 'did not decide today that it ...
WASHINGTON — Lenders would be required to make sure prospective borrowers have the ability to repay their mortgages before giving them a loan, under a proposal released by the Federal Reserve on Tuesday. The rule, which is required by the Dodd-Frank financial reform law, is intended to tighten lending standards and combat home lending abuses ...
WASHINGTON — U.S. homebuilder sentiment slipped a notch in April as home prices continued to fall in most areas of the country amid widespread foreclosures, a survey released on Monday showed ...
The ECB is expected to leave the main refinancing rate unchanged at 1% and reiterate the current monetary policy as 'appropriate' in February. Concerning inflation, President Trichet will regard recent rise in inflation as temporary and stress that the ECB will be act if needed if it sees second-round effects from rising commodity prices. ...
8hr Emerging Manager Workshop Our team is hosting an intensive full day Emerging Manager Marketing & Business Improvement workshop from 7:30AM to 3:30PM on February 9th, 2011 at the midtown New York Athletic Club in New York City. To access the details regarding this fully catered event in a printable PDF format please click ...
Live Poll Should parents take the risk and help a child with a mortgage loan? By Will Springer, Editor for msnbc.com Should parents help a family member pay for a new home? Financially and emotionally, it can be a great investment - but at what price ...