A new U.S. agency envisioned as solution to mortgage woes (International Herald Tribune) Some lawmakers and experts are considering a longer-term legislative solution that would create a new agency to dispose of the mortgage-related assets at the core of Wall Street's woes.read more...
Bernanke to become 14th Fed chair Ben Bernanke will succeed the retiring Alan Greenspan as head of the Federal Reserve at the end of this month, becoming the 14th chairman since Congress created the central bank
U.S. households' net worth climbs to record high, reports U.S. Federal Reserve The net worth of U.S. households climbed to a record high in the final quarter of last year, boosted mostly by gains on stocks, the U.D. Federal Reserve reported Thursday.Commentread
Paperwork Refinancing Problems With all the home sales and re-financing that's been going on in recent years, problems with mortgages are bound to happen.read more...
Rebounding economy might lead Fed to bump rates WASHINGTON The economy ended 2005 like a lamb and is roaring back like a lion, a resounding rebound that economists say will lead the Federal Reserve to raise in terest
U.S. stocks end modestly higher after existing home sales report; Dow up 19.87 NEW YORK: Wall Street carved out a modest gain Friday after a surprise jump in sales of existing homes last month lent strength to the growing notion that the housing
Bank of America Corp. told employees last week that it will close the mortgage centers of the former MBNA Corp., shifting their work to its own centers, a spokeswoman said Thursday.The Charlotte company has not determined how many jobs will be lost as a result, spokeswoman Julie Davis said. Bank of America plans to cut 6,000 jobs in total as it swallows MBNA.
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