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What the new mortgage rules mean for borrowers

What the new mortgage rules mean for borrowers
Submitted by Fox First at Ten on January 17th
By Kirk HaverkampProvided by The Consumer Financial Protection Bureau (CFPB) rolled out long-awaited new rules for residential mortgages last week. So what will be the impact on mortgage borrowers? Like many newly released regulations, the full details are still being sorted out. However, in

What the new mortgage rules mean for borrowers

What the new mortgage rules mean for borrowers
Submitted by Fox First at Ten on January 17th
By Kirk HaverkampProvided by The Consumer Financial Protection Bureau (CFPB) rolled out long-awaited new rules for residential mortgages last week. So what will be the impact on mortgage borrowers? Like many newly released regulations, the full details are still being sorted out. However, in

What the new mortgage rules mean for borrowers

What the new mortgage rules mean for borrowers
Submitted by Fox First at Ten on January 17th
By Kirk HaverkampProvided by The Consumer Financial Protection Bureau (CFPB) rolled out long-awaited new rules for residential mortgages last week. So what will be the impact on mortgage borrowers? Like many newly released regulations, the full details are still being sorted out. However, in

No ethics breaches found in Countrywide VIP loans

No ethics breaches found in Countrywide VIP loans
Submitted by Fox First at Ten on December 27th
By LARRY MARGASAKAssociated Press WASHINGTON (AP) - The House Ethics Committee said Thursday it found no violations among House members whose mortgage loans went through the VIP section of the former Countrywide Financial Corp., the company whose subprime loans helped cause the foreclosure crisis.

No ethics breaches found in Countrywide VIP loans

No ethics breaches found in Countrywide VIP loans
Submitted by Fox First at Ten on December 27th
By LARRY MARGASAKAssociated Press WASHINGTON (AP) - The House Ethics Committee said Thursday it found no violations among House members whose mortgage loans went through the VIP section of the former Countrywide Financial Corp., the company whose subprime loans helped cause the foreclosure crisis.

No ethics breaches found in Countrywide VIP loans

No ethics breaches found in Countrywide VIP loans
Submitted by Fox First at Ten on December 27th
By LARRY MARGASAKAssociated Press WASHINGTON (AP) - The House Ethics Committee said Thursday it found no violations among House members whose mortgage loans went through the VIP section of the former Countrywide Financial Corp., the company whose subprime loans helped cause the foreclosure crisis.

Wells Fargo at a glance

Wells Fargo at a glance
Submitted by Fox First at Ten on December 6th
By By The Associated Press Some facts about Wells Fargo: - It is the country's fourth-largest bank by assets, with roughly $1.4 trillion. That puts it behind JPMorgan Chase, Bank of America and Citigroup. It is the biggest by stock market value - about $174 billion at Thursday's close

Wells Fargo boss talks bank fees, economy, taxes

Wells Fargo boss talks bank fees, economy, taxes
Submitted by Fox First at Ten on December 6th
By By CHRISTINA REXRODEAP Business Writer John Stumpf is a survivor. He's a CEO who kept his job as peers fell after the 2008 financial crisis, a strategist who expanded his company while others shrank theirs, a personable banker at a time of great anger toward his industry. Stumpf is the

US banks report stronger profits and more lending

US banks report stronger profits and more lending
Submitted by Fox First at Ten on December 4th
By By MARCY GORDON and CHRISTINA REXRODEAP Business Writers WASHINGTON (AP) - U.S. banks are enjoying their best profits in six years and are lending a bit more freely. The gradual improvement suggests that the industry will sustain its healing from the worst financial crisis in decades and

GM buying Ally assets in Europe and Latin America

GM buying Ally assets in Europe and Latin America
Submitted by Fox First at Ten on November 21st
By TOM KRISHERAP Auto Writer DETROIT (AP) - General Motors said Wednesday that it will buy Ally Financial's operations in Europe, China and Latin America as it tries to build a global finance unit to make low-interest car loans and boost sales. The auto giant's U.S. loan business, GM