News and Press Releases
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Romney proposes 28 percent top income tax rate
(Reuters)
Thu, 23 Feb 2012 00:26:40 GMT Reuters - Republican Mitt Romney revised his proposal for overhauling the U.S. tax code on Wednesday, calling for all individual tax rates to be cut by 20 percent while declining to offer specifics on how to make up the lost revenue from lower rates. JPMorgan, Citi, BofA sued for $949 million by Sealink (Reuters) Wed, 22 Feb 2012 16:17:14 GMT Reuters - JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. and more than a half dozen other major banks are being hit with a new lawsuit over $949 million in residential mortgage-backed securities. Consumer-finance watchdog probes overdraft fees (AP) Wed, 22 Feb 2012 12:40:35 GMT AP - The government's new consumer-watchdog agency is launching a probe into costly overdraft fees charged by big banks. U.S. mortgage applications sagged last week: MBA (Reuters) Wed, 22 Feb 2012 12:03:09 GMT Reuters - Applications for U.S. home mortgages tumbled last week as demand for loan refinancing sagged, an industry group said on Wednesday. U.S. proposes to reduce top corporate tax rate: report (Reuters) Wed, 22 Feb 2012 06:33:29 GMT Reuters - The Obama administration will propose slashing the top income tax rate for corporations to 28 percent from the current 35 percent, as part of a corporate tax reform plan that is set to be announced on Wednesday, the Wall Street Journal said. Fannie, Freddie need to tighten legal expenses: regulator (Reuters) Wed, 22 Feb 2012 05:32:31 GMT Reuters - A government watchdog on Wednesday said Fannie Mae and Freddie Mac's regulator needs to curtail the rising cost of their legal expenses since there is no end in sight to the widening taxpayer tab keeping the two firms afloat. Watchdog: Limit Fannie, Freddie legal fees more (AP) Wed, 22 Feb 2012 05:08:33 GMT AP - The U.S. government regulator for Fannie Mae and Freddie Mac must do a better job limiting legal expenses paid by the two mortgage giants to their former executives facing lawsuits, a new watchdog report says. Colorado woman must turn over computer password (AP) Tue, 21 Feb 2012 22:15:20 GMT AP - Sophisticated encryption software has become so readily available and so effective, it's surpassed the federal government's ability to seize computers and gather evidence in criminal cases. Regulator outlines new plan for Fannie, Freddie (Reuters) Tue, 21 Feb 2012 19:46:58 GMT
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I Was Told There Would Be No Math
(The Motley Fool)
Tue, 21 Feb 2012 18:56:08 GMT The Motley Fool - In a 2009 NBC/Wall Street Journal poll, 8 in 10 Americans said they were concerned about the federal deficit and growing national debt. Gov't seeks smaller role for Fannie, Freddie (AP) Tue, 21 Feb 2012 18:17:41 GMT AP - The government regulator for Fannie Mae and Freddie Mac has submitted a plan to Congress that would shrink the mortgage giants' role in the housing market. Banks to gulp half a trillion euros from ECB (Reuters) Mon, 20 Feb 2012 13:31:39 GMT Reuters - The European Central Bank will lend nearly half a trillion euros to banks at rock-bottom rates next week through its three-year refinancing operation, despite signs institutions already have adequate liquidity, Reuters polls showed on Monday. Citigroup whistleblower: I have no regrets (Reuters) Fri, 17 Feb 2012 03:33:38 GMT Reuters - It wasn't Sherry Hunt's original intent to go public on the shoddy quality control at a mortgage unit at Citigroup Inc , her employer since 2004. $923,411: What Santorum Made in 2010, but Still Much Less than Romney (ContributorNetwork) Fri, 17 Feb 2012 00:18:52 GMT ContributorNetwork - Politico reports Rick Santorum has released four years' worth of federal income tax returns. The news outlet posted all four returns as PDF files for anyone to examine from 2007 to 2010. It was noted that Santorum released four years of income tax data, more than competitors Mitt Romney and Newt Gingrich. Can the small-cap stock rebound last? (AP) Thu, 16 Feb 2012 20:37:59 GMT
Fewer Americans at risk of foreclosure in Q4. (AP) Thu, 16 Feb 2012 15:47:49 GMT AP - The number of Americans at risk of foreclosure is declining, as more homeowners climb out of debt and find steady work. Rate on 30-year mortgage stays at record 3.87 pct. (AP) Thu, 16 Feb 2012 15:39:20 GMT AP - The average rate on the 30-year fixed mortgage held steady at a record low for a third straight week, offering more incentive to those looking to buy a home or refinance. Mortgage rates for the past 52 weeks, at a glance (AP) Thu, 16 Feb 2012 15:13:12 GMT AP - Mortgage rates for the past 52 weeks, at a glance US housing starts rise modestly to start new year (AP) Thu, 16 Feb 2012 14:27:50 GMT
Citigroup pays $158 million in mortgage fraud pact (Reuters) Wed, 15 Feb 2012 23:21:20 GMT Reuters - Citigroup Inc has agreed to pay $158.3 million to settle U.S. civil claims that it defrauded the government into insuring thousands of risky home loans made by its CitiMortgage unit. |
