U.S. Must ‘Stop Punishing Banks,’ Halt Loan Claims, FBR Says
Sept. 6 (Bloomberg) -- U.S. government-backed firms and agencies should “stop punishing banks” and suspend demands for mortgage repurchases because they are impeding an economic recovery, according…
U.S. Stock Futures Drop Amid Concern European Crisis Worsening
Sept. 5 (Bloomberg) -- U.S. stock futures fell, indicating the Standard & Poor’s 500 Index may slide for a third day when exchanges open tomorrow, as European markets showed growing concern the…
Financial Institutions around…
Obama Cancels Ozone Rules After Lobbying Push From Business
Sept. 2 (Bloomberg) -- President Barack Obama quashed proposed rules on ozone from the Environmental Protection Agency, agreeing with Republicans and industry to withdraw the costliest regulation…
Banks Overwhelmed by Mortgage Refinancing After Job Cuts
Sept. 2 (Bloomberg) -- Mortgage rates near historic lows have sparked a refinancing boom that has U.S. lenders struggling to handle the surge. “There’s just so much volume,” said Kristin Wilson, a…
Stocks plunge after US hiring dries up in August
NEW YORK (AP) -- Stocks tumbled Thursday after a dismal report on the job market renewed fears of another recession. No new jobs were created in the U.S. last month, the government said early Friday.…
Achieving Growth in Europe
Achieving Growth in Europe Eurozone manufacturing activity contracted for the first time in almost two years in August, underlining investor concerns about a deteriorating global growth picture. In a…
White House sharply cuts growth forecast
(Reuters) - President Barack Obama on Thursday sharply cut estimates for U.S. economic growth, underscoring the difficult challenge he faces in spurring a stronger recovery and creating more jobs.…
U.S. judge pans rush in BofA $8.5 billion mortgage pact
(Reuters) - A judge questioned why Bank of America Corp's $8.5 billion settlement with mortgage securities investors was being rushed for approval and whether the trustee that negotiated it treated…