Fed plans new rules to protect future homebuyers (AP)
AP - The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs.
I separate my paper and plastics. I take the train to work instead of driving, and I’m definitely going to buy a bunch of those screwy lightbulbs one of these weekends. And…well, when it comes to being green, I guess that’s about it. More Info…
AP - Bank of America Corp. completed its purchase of Countrywide Financial Corp. Tuesday, making the Charlotte-based bank the nation’s leading mortgage originator and servicer. More Info…
To get the most for your money, you need to know two things: when it’s worth paying extra and when the budget choice is good enough. Money magazine shows you how. More Info…
Reuters - Shares of Fannie Mae and Freddie Mac , the two largest providers of U.S. mortgage finance, rose after their regulator said on Tuesday that they should have adequate returns to raise capital.
AP - Wall Street struggled to notch a gain Tuesday amid sinking oil prices, with investors still jittery about the ailing financial system and weak economy ahead of second-quarter earnings.
