- US new-home sales jump to highest level in more than 8 years Updated: May-24-16 10:36 am
WASHINGTON - Americans ramped up their purchases of new homes in April to the highest level since January 2008, evidence of a strong start to the spring buying season.
- The Latest: Legislature's mad dash toward deadline is on Updated: May-22-16 10:13 pm
ST. PAUL, Minnesota - The Latest on the last work day for the Minnesota Legislature (all times local):
- US home sales growth driven mostly by Midwest Updated: May-20-16 10:41 am
WASHINGTON - Midwestern homebuyers helped spark a national increase in real estate sales during April, a sign that demand for housing remains steady despite rising prices and tight inventories.
- 2 charged with stealing identities to get student loans Updated: May-19-16 8:41 pm
ALEXANDRIA, Virginia - Federal prosecutors say two Louisiana residents have been indicted for stealing identities of four people, including a soldier recovering in a military hospital from injuries suffered in Afghanistan, to fraudulently obtain $67,000 in federal student loans.
- Average 30-year mortgage rate ticks up to 3.58 percent Updated: May-19-16 3:34 pm
WASHINGTON - Long-term U.S. mortgage rates were little changed this week at or near their lows for the year.
- NY regulators say $3M in payday loan restitution coming Updated: May-19-16 1:08 am
ALBANY, New York - Financial regulators say two debt buyers have agreed to stop collecting illegal payday loans in New York under consent orders expected to result in $3 million in restitution.
- Study finds high rate of repossessions in auto title loans Updated: May-18-16 2:02 pm
NEW YORK - People who put their cars up as collateral for what are supposed to be short-term emergency loans are being hit with interest rates of 300 percent, a high rate of repossession and long repayment periods.
- Vermont claims some credit for Google payday loan ad ban Updated: May-18-16 12:31 am
MONTPELIER, Vermont - Vermont Attorney General William Sorrell is claiming some credit for the decision announced by tech giant Google to stop selling ads to high-interest 'payday' lenders. Sorrell says Vermont began working with Google on the issue two years ago.
- Christian charity head admits using donations for sex habit Updated: May-17-16 5:47 pm
IOWA CITY, Iowa - The president of a Christian charity in Iowa admitted that he embezzled nearly a half-million dollars in donations and used the money to pay for a sex addiction, federal prosecutors said Tuesday.
- Massachusetts families grapple with rising college costs Updated: May-17-16 4:35 pm
WORCESTER, Massachusetts - Growing up next to the beckoning gleam of the city's colleges, Rose Molina's daughter envisioned herself going to one of those schools one day. "It was one of the things she'd talk about when she was very young," she said.
- Voters asked to sign off on lower police pension raises Updated: May-11-16 8:57 pm
PHOENIX - Voters are being asked to sign off on a major part of a police and firefighter pension system overhaul in next week's special election that was enacted by the Arizona Legislature earlier this year.
- Google to ban payday lending ads, calling industry 'harmful' Updated: May-11-16 5:24 pm
NEW YORK - Internet giant Google said Wednesday it will ban all ads from payday lenders, calling the industry "deceptive" and "harmful."
- US consumer borrowing jumps 10 percent in March Updated: May-06-16 3:27 pm
WASHINGTON - U.S. consumers sharply increased use of their credit cards in March, pushing up total borrowing at the fastest pace in more than a decade.
- Portal reopens for Michigan homeowners seeking mortgage help Updated: May-06-16 9:21 am
LANSING, Michigan - An online application portal is back open for Michigan homeowners seeking help due to unemployment or another hardship.
- Montana high court upholds award over mortgage foreclosure Updated: May-05-16 3:15 pm
HELENA, Montana - The Montana Supreme Court has upheld $426,000 in damages and attorney's fees awarded to a couple who sued a loan servicing company alleging it violated federal and state laws in repeatedly trying to foreclose on their house.
- Fannie Mae posts $1.1B profit in 1Q; paying $919M dividend Updated: May-05-16 9:35 am
WASHINGTON - Mortgage giant Fannie Mae posted net income of $1.1 billion for the first quarter, down from a year ago as declining interest rates reduced the value of the financial instruments it uses to hedge against rate swings.
- Freddie Mac posts $354M loss in 1Q; no dividend payment Updated: May-03-16 10:11 am
WASHINGTON - Mortgage giant Freddie Mac reported a net loss of $354 million for the first quarter, mostly due to losses it sustained on the investments it uses to hedge against swings in interest rates.
- Gov't launches new website for student loan borrowers Updated: Apr-28-16 12:04 am
WASHINGTON - The Department of Education has launched a new website to help people with student loans find a repayment option that best suits their needs.
- Committee passes watered-down payday loan bill Updated: Apr-27-16 9:38 pm
MONTGOMERY, Alabama - A House committee on Wednesday shelved a bill that would have given borrowers up to six months to repay payday loans, but agreed to send a watered-down version to the House for a full vote.