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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 56-66
  • Group picked by Quinn administration made no loans, but kept $150,000

    Group picked by Quinn administration made no loans, but kept $150,000
    As Gov. Pat Quinn's aides sought to pump up an anti-violence program ahead of his November 2010 election bid, they decided to add to the pot $3.76 million in federal disaster recovery funds from Hurricane Ike to make loans to small businesses. In the...
  • Mortgage rates rise slightly, but still near year low

    Mortgage rates rise slightly, but still near year low
    Mortgage rates rose slightly higher this week, but still remaining near a year low. The rate on a 30-year, fixed-rate mortgage averaged 4.14 percent, compared with 4.12 percent last week. At this time last year, it averaged 4.4 percent. A 15-year...
  • Ex-Fannie Mae worker gets prison in kickback case

    A former Fannie Mae specialist in foreclosures was sentenced to 15 months in prison for soliciting illegal kickbacks from a real estate broker, a practice he said was "a natural part of business" at the nation's largest mortgage finance company. Armando...
  • Annuity ingenuity

    Of all of the products that the financial services industry creates for retirement savers, the one that tends to cause the largest number of questions is the oft-sold, and rarely understood, annuity. An annuity is a financial contract issued by a life...
  • Too-big-to-fail banks' living wills are inadequate, regulators say

    Too-big-to-fail banks' living wills are inadequate, regulators say
    Six years after the financial crisis, regulators said that 11 banks deemed too big to fail still have produced no workable procedures to help regulators shut them down should they ever reach the brink of failure. The Federal Reserve and the Federal...
  • Prosecutors drop most real estate fraud charges

    Prosecutors drop most real estate fraud charges
    When Guilfort Dieuvil was arrested in May 2012, authorities said he had taken advantage of numerous South Florida homeowners during the region's foreclosure crisis. The business executive was accused of luring victims through Haitian and Spanish radio...
  • Lender demands more data for loan in good standing

    Q: I have a vacation home loan that is a couple of years old. I always pay promptly, and I pay more than the monthly requirement, because I hope to pay it off early. I have gotten a request from the lender for tax returns for the last three years and a...
  • Feds: Debt collector a lawsuit 'factory'

    After an Atlanta-area county court garnished Eduardo Austin's wages to collect more than $3,300, the software developer thought he was done paying an old credit card debt from his college days. But three years later the same law firm that came after...
  • U.S. government looking at car insurance affordability

     U.S. government looking at car insurance affordability
    The U.S. government in recent years has started building a database of consumer complaints about banks and credit card companies, and levying millions of dollars in fines against what it believes to be bad actors. Now there's a potential new...
  • Impac Mortgage rolls out loans with easier qualifying terms

    An Irvine mortgage company that pulled the plug on its higher-risk loans a year before the Great Recession has launched an array of rule-bending home loans nationwide — a sign of a thaw in tightfisted lending standards in place since the housing...
  • The Hartford Announces Organizational Changes

    The Hartford Financial Services Group is changing its organizational structure less than a month after an executive shuffle resulting from Liam E. McGee's departure as CEO. Changes announced Tuesday afternoon consolidate property-casualty functions while...