Latest Finance News

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  • NY AG announces probe of life insurance industry (AP) - AP - New York Attorney General Andrew Cuomo says his office has opened a fraud investigation into the life insurance industry.
  • MetLife posts Q2 earnings of $1.5 billion, beating Street (Reuters) - Reuters - MetLife Inc , the biggest U.S. life insurance company, posted a second-quarter profit of $1.53 billion, helped by higher premium revenue from sales domestically and abroad.
  • Florida mortgage firm settles federal charges (AP) - AP - Federal regulators say a Florida company they accused of misleading borrowers who were seeking to avoid foreclosure has agreed to repay the consumers $2.4 million to settle those charges.
  • PMI Group narrows loss, but shares tumble (AP) - AP - PMI Group Inc. on Thursday reported a nearly $151 million loss, narrower than a year ago but far wider than Wall Street expected. Shares of the mortgage insurer tumbled nearly 15 percent.
  • Congress to try to recoup Fannie, Freddie costs (AP) - AP - Lawmakers plan to study ways to get back some of the $145 billion the government has pumped into giant mortgage buyers Fannie Mae and Freddie Mac.