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Financial and Business Services

A collection of news and information related to Financial and Business Services published by this site and its partners.

Top Financial and Business Services Articles

Displaying items 111-121
  • Loan gives low-income borrowers a chance to build equity fast

    Two major banks have agreed to originate a new 15-year mortgage under pilot programs aimed at low- and moderate-income borrowers. In addition, the creators of the so-called Wealth Building Home Loan, which allows home buyers to build equity at a much...
  • Nathan Benefield: How to immunize Pa. taxpayers from chronic overspending

    Nathan Benefield: How to immunize Pa. taxpayers from chronic overspending
    Last week, two major bond-rating agencies (Fitch and Standards & Poor's) downgraded Pennsylvania's debt rating, citing poor fiscal health. While this should worry voters — taxpayers will be forced to pay more for state borrowing — it isn't too...
  • Deere to explore strategic options for crop insurance business

    Deere to explore strategic options for crop insurance business
    Deere & Co, the world's largest farm equipment maker, said it was exploring strategic options for its low-margin crop insurance business and had hired Citigroup as its adviser. The company said no formal decisions had been made and no agreements had...
  • First Niagara To Close Eight Connecticut Branches In Consolidation

    First Niagara To Close Eight Connecticut Branches In Consolidation
    The parent of First Niagara Bank said it will close eight Connecticut branches and a drive-up kiosk in a consolidation driven by a decline in routine transactions at branches in the face of electronic banking. In central Connecticut, branches at 35...
  • Maryland unemployment dips to 6.3 percent

    Maryland added about 2,800 jobs in September, enough to make a slight dent in the unemployment rate, but too few to signal significant growth, economists said Tuesday after the release of a monthly report by the Bureau of Labor Statistics. The addition...
  • Fannie, Freddie to accept lower down payment mortgages

    Fannie, Freddie to accept lower down payment mortgages
    Fannie Mae and Freddie Mac are close to allowing consumers to buy a home with as little as a 3 percent down payment and still have the mortgages backed by the two agencies. More details are expected to be announced in coming weeks, but the move from a 5...
  • Exclusive: Silver Lake explores sale of IPC Systems

    Private equity firm Silver Lake Partners LP is looking to sell IPC Systems Inc, a provider of communication systems for Wall Street traders, to exit one of its longest-held investments, according to people familiar with the matter. Silver Lake, which...
  • Wall Street urges U.S. regulators' joint cybersecurity approach

    Wall Street urges U.S. regulators' joint cybersecurity approach
    Wall Street's top trade group is calling for the creation of a new inter-agency working group of regulators and the White House that would be tasked with developing consistent cybersecurity rules for the financial industry. The recommendation by the...
  • Langley Federal Credit Union adds more staff

    Langley Federal Credit Union adds more staff
    Langley Federal Credit Union added several staff members, including a new real estate loan officer. John Burford was named as a loan officer after working as a senior mortgage loan officer at Fulton Mortgage Co. in Williamsburg, according to a news...
  • Refinance HELOC well before expiration, or expect trouble

    Refinance HELOC well before expiration, or expect trouble
    By Ilyce Glink and Samuel J. Tamkin Q: My husband and I took out a home equity line of credit in 2004 at the height of the economic boom with a major bank. This bank also holds our first mortgage. Of course we expected to pay it back before the 10-...
  • Fannie Mae, Freddie Mac reach deal to ease mortgage lending

    Mortgage financing giants Fannie Mae and Freddie Mac, together with their federal regulator, have drawn up rules aimed at loosening constricted lending standards to make mortgages more affordable and easier to get for those with less than stellar credit....