| Apr 29, 2015
| 8:30 AM
The Great Recession and stock market rout eviscerated retirement nest eggs, changing the course of retirement planning for millions of people. And while the value of real estate also plunged, many older Americans owned their homes outright, allowing...
| Apr 28, 2015
| 8:30 PM
We tend to make financial plans looking backward, learning the lessons of our most recent costly experiences. That's why individuals don't buy stocks at the market bottom; they're simply too scared. And in a similar scenario, that's probably why people...
| Apr 24, 2015
| 8:03 AM
The transformation of Detroit into an energetic, high-tech, pedestrian- friendly destination feels a world away from a desolate East Side stretch where 64-year-old retired Chrysler worker Dmetris England was eating breakfast at Maison's Fine Food Diner, a...
| May 2, 2015
| 10:00 AM
It was hard not to see history on the TV screen Monday. Burning and looting on the streets of east and west Baltimore recalled the last time the national guard was called out to the city, on an April night 47 years ago following the assassination of...
| Apr 23, 2015
| 2:48 PM
The Justice Department is suing Quicken Loans, saying the lender approved hundreds of mortgage loans that didn't meet federal standards, leaving the government stuck with the bill when borrowers defaulted.
The U.S. Department of Justice said Thursday...
| Apr 23, 2015
| 8:56 AM
Mortgage rates have dropped slightly, Freddie Mac's survey of lenders shows, with the average for a 30-year fixed home loan at 3.65%, down from 3.67% in last week's report.
The average rate for a 15-year fixed mortgage edged down from 2.94% to 2.92%,...
| Apr 20, 2015
| 12:14 PM
Want to buy your first home with little or nothing down and maybe get a refund on part of your realty agent's commission?
Here's one way: Consider joining a credit union that is aggressively growing its mortgage business. Credit unions have been...
| Apr 14, 2015
| 12:30 PM
Accumulating a down payment and closing costs and qualifying for a mortgage have always been hurdles for first-time home buyers. But lately it's been tougher for many young people to save enough, partly because of the effects of the recession and partly...
| Apr 13, 2015
| 11:37 AM
WASHINGTON —- Interested in a reverse mortgage without a lot of hassles? Better get your application in fast. As of April 27, the federal government is imposing a series of extensive "financial assessment" tests that will make applying for a reverse...
| Apr 12, 2015
| 5:00 AM
Interested in a reverse mortgage without a lot of hassles? Better get your application in fast. As of April 27, the federal government is imposing a series of extensive "financial assessment" tests that will make applying for a reverse mortgage tougher...
| Apr 9, 2015
| 2:29 PM
A Rancho Cucamonga mortgage lender has agreed to pay $250,000 to settle accusations by federal regulators that its advertising deceived consumers into believing that the company was affiliated with the U.S. government.
The Consumer Financial...