Under the Hood: Reverse Mortgages—What You Need to Know
Fred Thompson and The Fonz may extol the benefits of reverse mortgages, but the reality is quite different. Here's how to assess this product.
House to Examine SEC’s Money-Market Fund Plan
The Financial Services Committee’s Capital Market Subcommittee plans to hold a hearing Sept. 18 on the SEC's proposed rules.
Booming Housing Market Boosts U.S. Economy
With new home sales 29% higher than a year ago and home prices rising, the real estate market has established itself as a leading force in buoying the U.S. economy.
4 Ways to Repeat the Mortgage Mess: Peter Wallison
Peter Wallison decries Washington's latest “fix” to prevent another repeat of the housing market collapse.
President Romney’s Cabinet: Who Would He Choose?
If Gov. Romney wins the election, his Cabinet will take a very different direction on economic policy than Obama’s. Here are some of the choices to head those key posts.
Surprise: Congress May Make Spending Compromise
While nothing is certain yet, a proposal is expected to be ready later in the day for a measure that will allow the government to keep running past Friday even as larger battles are fought over the expiration of a payroll tax cut and the question of whether to extend...
FHA Reserves Hit Bottom, but Rebound Expected
Acting FHA Commissioner Carol Galante told reporters on Tuesday that “while the FHA is facing the most severe economic conditions,” the FHA’s “Mutual Mortgage Insurance (MMI) fund capital balance remains in positive territory and its programs are actuarially sound.”
AARP Sues Wells Fargo, Fannie Mae Over Reverse Mortgage Foreclosures
AARP is challenging reverse mortgage foreclosures, claiming that lenders failed to offer borrowers the option to purchase the property for its fair market value.
Banks to Pay Victims of Botched Foreclosures
JPMorgan, Wells Fargo, Bank of America and Citigroup among those that settle.
Obama, Geithner Push to ‘Wind Down’ Fannie and Freddie
The Obama administration delivered a report to Congress that seeks to reform America’s crippled housing finance market by eventually eliminating Fannie Mae and Freddie Mac.