Latest Finance News

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  • Wells Fargo eyes end to Baltimore mortgage lawsuit (Reuters) - Reuters - Wells Fargo & Co may be moving toward a settlement of Baltimore's lawsuit accusing it of steering minority borrowers to expensive home loans.
  • UK home loans fall by half in January (AP) - AP - The value of home mortgage advances in January fell by half from December, when there was a late rush to complete deals before a tax break ended at the New Year, the Council of Mortgage Lenders said Friday.
  • Summary Box: Citi CEO sees return to profitability (AP) - AP - BULLISH OUTLOOK: Citigroup Inc. says its returning to "sustained profitability" after losing billions on bad loans and taking a federal bailout. CEO Vikram Pandit says the bank is shedding risky mortgage assets and shifting focus to emerging markets like Latin America and Asia.
  • Fannie Mae to offer $6b in notes (AP) - AP - Fannie Mae on Thursday said it will offer $6 billion of new 3-year notes due May 7, 2013.
  • Gov't official warns on home down payment hikes (AP) - AP - The head of the Federal Housing Administration is warning that boosting the minimum down payment borrowers must provide to qualify for home loans backed by the agency could threaten the housing market.