U.S. banks have taken another step to clear away the wreckage of the 2008 financial crisis. JPMorgan Chase, Bank of America, Wells Fargo and seven other banks have agreed to pay $8.5 billion to homeowners who were wrongfully thrown out of their homes.
WASHINGTON (AP) — Ten major banks and mortgage companies agreed Monday to pay $8.5 billion to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.
WASHINGTON (AP) — Lawmakers managed to avoid driving the U.S. over the so-called fiscal cliff with a late-night vote Tuesday. But higher taxes and brinksmanship in Washington are likely to sap strength from the fragile economy well into 2013.
(AP) – What lies ahead for the stock market? The AP asked leading market analysts and investment managers where they see the Standard & Poor’s 500 index winding up by the end of 2013 and why.
(AP) — Some of the nation’s biggest banks have extended temporary waivers on a variety of fees and late charges for residents of states hit hard by Superstorm Sandy. It’s an effort to ease pressure […]
DES MOINES, Iowa (AP) – A 68-year-old Des Moines man fired from Wells Fargo Home Mortgage over a minor crime 50 years ago has stirred national interest. Richard Eggers was fired in July when a […]
LONDON (AP) – U.S. banks have been buffeted by more than week of powerful cyberattacks whose perpetrators remain unknown. A series of American financial institutions have experienced disruptions after their sites were overwhelmed by unusually […]
WASHINGTON (AP) – Americans are more confident in the economy than they have been in seven months, an encouraging sign for President Barack Obama with six weeks left in the presidential race. A new survey […]
TWENTYNINE PALMS, Calif. (AP) – Investigators say an Inland Empire couple has been jailed for shackling their teenage son to a chair in the living room each night for about six months. San Bernardino County […]
By Jonathan Fahey, AP Business Writer The impulse to pay off your mortgage more quickly than you need to is understandable, especially these days. Interest rates are near historic lows, so it’s possible to replace […]