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Government faults 3 lenders over mortgage-aid efforts
WASHINGTON — The Obama administration is blaming the three largest U.S. mortgage lenders for the failures of its foreclosure-prevention program. It says they’ve done little to help people at risk […]
Consumer Confidence Index falls to a six-month low
Americans are losing faith that the economy will keep improving, according to a monthly survey. The Conference Board’s Consumer Confidence Index fell to a six-month low of 60.8 from a […]
Chrysler repays $7.6B in government loans
DETROIT — Chrysler has eliminated most of its bailout IOU by paying off $7.6 billion in loans to the U.S. and Canadian governments. The company repaid the money on Tuesday […]
Gary S. Williams: Credit is a fact of life, but use it carefully
Credit was once defined as “man’s confidence in man.” But in fact, the definition of credit today is more like “man’s confidence in himself.” Using credit today means you have […]
New data shows car title loans big business in Virginia
RICHMOND, Va. — Virginia car title lenders doled out nearly 25,000 loans worth more than $21 million in the last three months of 2010, according to data collected for the […]
Foreclosures in spotlight at annual Bank of America meeting
CHARLOTTE, N.C. — Foreclosures and home mortgage modifications took center stage at Bank of America Corp.’s annual meeting Wednesday. Outside the headquarters of the nation’s largest bank, protesters held signs […]
Chrysler to repay $7.5B of government bailouts
DETROIT — Chrysler will take out bank loans and sell bonds to repay $7.5 billion in bailout money from the U.S. and Canadian governments, another sign that the automaker is […]
New-home sales rose in March after weak winter
WASHINGTON — More people bought new homes in March, giving the battered industry a small lift after the worst winter for sales in almost a half-century. New-home sales rose 11 […]
Baltimore can proceed with suit against Wells Fargo
It took more than three years and three major edits, but Baltimore’s mortgage discrimination lawsuit against banking giant Wells Fargo has finally survived a defense motion to dismiss the case. […]
IRS paid $513M in undeserved homebuyer tax credits
WASHINGTON — The Internal Revenue Service has paid out more than a half-billion dollars in homebuyer tax credits to people who probably didn’t qualify, a government investigator said Friday. Most […]
Robert Nusgart: FHA insurance premium hike is hours away
If you’re in the market for an FHA government insured loan, there are only hours left before a hike in the annual mortgage insurance premium charged by the agency goes […]
O’Malley says Maryland racetrack funding in jeopardy
ANNAPOLIS — Millions of dollars in grants and loans needed to save horse racing in Maryland is in jeopardy in the legislature. Gov. Martin O’Malley said Monday the compromise measure […]
