Obama threatens veto of House student loan plan
President Barack Obama on Wednesday threatened to veto legislation by House Republicans that would avert a doubling of student loan interest rates on ...
Average credit card debt, late payments fall in 1Q
Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax ...
House advances student loan fix
The days of fixed-rate student loans could be coming to a close, with House Republicans on Thursday advancing a proposal that would link rates to ...
US rate on 30-year mortgage rises to 3.51 pct.
Average U.S. rates on fixed mortgages rose this week but stayed near their historic lows. Cheaper mortgages have helped the economy by spurring more ...
Obama's assets worth between $1.8M and $6.8M
President Barack Obama and first lady Michelle Obama held assets last year that were worth between $1.8 million and nearly $7 million, according to ...
Record profit signals healthier Fannie Mae
Fannie Mae said something Thursday that would have been unthinkable a few years ago: It earned a record $58.7 billion profit in the January-March ...
Ferguson key in Man U's financial transformation
Manchester United and Sir Alex Ferguson. Apple and Steve Jobs. Will one of the world's most recognized soccer clubs face the same challenges the ...
Late-payment rate on mortgages tumbled in 1Q
A resurgent housing market, rising home values and steady job gains are helping more U.S. homeowners stay on top of their mortgage payments.
NY officials vow attack on predatory debt-fixing
Federal authorities announced a crackdown Tuesday on predatory businesses that cheat "desperate and vulnerable" people harmed by the 2008 financial ...
US consumers cut back on credit card use in March
Americans cut back on using their credit cards in March, suggesting many were reluctant to take on high-interest debt to make purchases.
US rate on 15-year mortgage at record 2.56 pct.
The average U.S. rate on the 15-year fixed mortgage fell to a new record low last week, and the rate on the 30-year fixed loan declined.
US construction spending down 1.7 percent in March
Spending on U.S. construction projects fell in March as the biggest drop in government projects in more than a decade overwhelmed strength in home ...
New-homes sales rise 1.5 percent in March to 417K
U.S. sales of new homes rose in March to a seasonally adjusted annual rate of 417,000. The increase added to evidence of a sustained housing recovery ...
US home sales slip as supply remains tight
Sales of previously occupied U.S. homes dipped in March as the supply remained tight. But the sales pace remained ahead of last year's. The National ...
Capital One 1Q profit drops 25 pct; sales up
Capital One Financial Corp. said Thursday that its first-quarter net income tumbled 25 percent from the same period last year, when the lender booked ...
At 2 big banks, record earnings, but lower revenue
JPMorgan Chase and Wells Fargo, bellwethers for the banking industry, reported record earnings Friday, but those numbers masked troubling declines in ...
Well Fargo first-quarter profit surges 22 percent
Wells Fargo, the nation's biggest mortgage lender, said its first-quarter profit surged 23 percent after it cut expenses. The bank's expenses fell ...
RealtyTrac: US home repossessions fell in March
The number of U.S. homes repossessed by lenders last month fell to the lowest level in more than five years, the latest evidence that the nation's ...
An agency-by-agency guide to Obama's 2014 budget
President Barack Obama has proposed a $3.8 trillion budget for fiscal 2014 that aims to slash the deficit by a net $600 billion over 10 years, raise ...
US consumer borrowing up $18.2B in February
Americans borrowed more in February to buy cars and attend school, but were more careful with their credit cards. The Federal Reserve said Friday that ...
Card maker American Greetings agrees to go private
American Greetings has agreed to be taken private by a group led by some of its top executives in a deal that values the company at about $580 million
Congressional inaction could cost college students
Congressional inaction could end up costing college students an extra $5,000 on their new loans. The rate for subsidized Stafford loans is set to ...
Neither party has cash for student loan rate fix
Incoming college freshmen could end up paying $5,000 more for the same student loans their older siblings have if Congress doesn't stop interest rates ...
Student loan interest rates set to double July 1
Incoming college freshmen could end up paying $5,000 more for the same loans their older siblings have, if Congress doesn't keep interest rates from ...
US rate on 30-year mortgage ticks up to 3.57 pct.
Average U.S. rates on fixed mortgages edged up this week but remained near historic lows. Low rates have helped drive the housing market's steady ...
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