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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 78-88
  • BofA settles with insulted homeowner

    BofA settles with insulted homeowner
    It looks as if Daniel A. Bailey Jr. will be allowed to keep the home where he endured the wrath of Countrywide Financial kingpin Angelo Mozilo — and then skipped more than five years of mortgage payments. A loan modification, now close to final,...
  • Freddie Mac: Fixed mortgage rates edge higher; 30-year averaging 4.14%

    Freddie Mac: Fixed mortgage rates edge higher; 30-year averaging 4.14%
    Reversing a five-week trend, fixed mortgage rates edged higher this week, with lenders telling Freddie Mac they were offering 30-year loans at an average interest rate of 4.14%, up from 4.12% last week.  The 15-year fixed mortgage, a favorite of...
  • Banking regulators launch broad review of financial rules

    Banking regulators launch broad review of financial rules
    Three of the nation's financial regulators on Wednesday launched a broad effort to identify rules that are unnecessary or too burdensome for banks. Under a 1996 law, the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the...
  • U.S. Fed Hires Former Connecticut Insurance Chief To Oversee AIG, Prudential

    U.S. Fed Hires Former Connecticut Insurance Chief To Oversee AIG, Prudential
    Insurance companies large enough that their failure could disrupt the U.S. economy will face a familiar regulator as former Connecticut Insurance Commissioner Thomas R. Sullivan starts a newly created position next week at the U.S. Federal Reserve....
  • Full list of McAuliffe's University board appointments

    We focused on board of visitors appointments at Christopher Newport University here, but here's full list of Gov. Terry McAuliffe's appointments. Just a cut and paste from the governor's announcement yesterday. There are a number of notables....
  • State-Run Retirement Plan Rightfully Shelved

    Far too many workers don't save for retirement. Democratic lawmakers want to fix that, to their credit. But their proposed fix needs more work and a much better sales job. A Senate bill entitled "An Act Promoting Retirement Savings" would have...
  • L.A. sues JPMorgan Chase, alleges predatory home loans to minorities

    L.A. sues JPMorgan Chase, alleges predatory home loans to minorities
    The city of Los Angeles accused JPMorgan Chase & Co. of steering minority borrowers into risky home loans they couldn’t afford, triggering a foreclosure wave that hammered property values and city coffers. In a lawsuit filed Friday in U.S....
  • Freddie Mac: Mortgage rates at six-month low; 30-year averaging 4.2%

    Mortgage rates edged down a hair this week, hovering at the lowest level in six months, with Freddie Mac reporting that lenders were offering 30-year fixed home loans at an average of 4.2% compared to 4.21% a week earlier. The average rate for a 15-year...
  • Credit Suisse pleads guilty to helping Americans avoid income taxes

     Credit Suisse pleads guilty to helping Americans avoid income taxes
    Swiss banking giant Credit Suisse pleaded guilty to a criminal charge that it helped wealthy Americans dodge income taxes for decades, a plea federal officials said bolstered their efforts to show that no financial firm was too big to prosecute. The...
  • Zillow: Underwater mortgages hurt average homeowners the most

    Zillow: Underwater mortgages hurt average homeowners the most
    “Underwater” mortgages are taking the heaviest toll on average homeowners. Roughly 43 percent of mortgaged homes and condominiums valued at $86,100 and below are worth less than what's owed, according to a first quarter report Tuesday by...
  • IRA transfers vs. IRA rollovers

    Unfortunately, when it comes to Internal Revenue Service publications, you can't always depend on what they say. In a recent ruling about individual retirement account (IRA) rollovers, a tax court judge commented, "Taxpayers rely on IRS guidance at...