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WASHINGTON (Reuters) - Housing market rescue legislation cleared a procedural test vote in the U.S. Senate on Friday ahead of final passage expected on Saturday, and lawmakers asked banks to suspend further foreclosures until a...
Shares of Fannie Mae and Freddie Mac fell Friday, reflecting investors' continued concerns about the mortgage finance companies' financial stability even as lawmakers work to complete a rescue plan for the troubled firms.
New York State Attorney General Andrew Cuomo Thursday brought a multi-billion dollar civil lawsuit against the Swiss banking giant UBS for allegedly pushing everyday investors into buying troubled auction-rate securities.
Added 7m ago NEW YORK - The number of households facing the foreclosure process more than doubled in the second quarter compared to a year ago, according to data released today. Nationwide, 739,714 homes received at least one...
To Make Up For New Losses, Card Companies Raise Interest Rates, Lower Limits By ALICE GOMSTYN ABC NEWS Business Unit Paul Takhar has $50,000 in credit card debt. The California man said that since his real estate business went...
Sales of new homes fell in June for the seventh time in the past eight months, but the decline was less than had been expected, raising faint hopes that the severe U.S. housing recession could be approaching a bottom. The...
DETROIT -- Chrysler LLC said Friday its financial arm will get out of the auto leasing business by the end of the month because economic conditions have made leasing more expensive than buying, for both consumers and the company.
