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Banks expect to tighten terms on credit cards in response to a new law that aims to protect consumers from sudden rate increases, the Federal Reserve said on Monday. ...more
November 10, 2009
David Stevens, president of the Long & Foster Companies Inc. real estate firm, is expected to be selected today to run the Federal Housing Administration. ...more
March 23, 2009
Fannie Mae plans to pay retention bonuses of at least $1 million to four key executives as part of a plan to keep hundreds of employees from leaving the government-controlled company. ...more
March 18, 2009
The number of new housing projects that builders broke ground on in February rose sharply, defying economists' forecasts for yet another drop in activity. ...more
March 17, 2009
Many banks have made it harder for borrowers to obtain all kinds of loans over the past three months despite a $700 billion federal bailout program and a flurry of other bold moves to stem the worst financial crisis to hit the country since the 1930s. ...more
February 3, 2009
The hemorrhaging among the nation's biggest banks was supposed to have subsided after the government doled out $350 billion in federal bailout money last fall. That hasn't happened. ...more
January 17, 2009
GMAC LLC will no longer have exclusive rights to provide no- or low-interest loans to people who take advantage of General Motors financing incentives, as part of the complex deal that gave the troubled lender billions in federal aid. ...more
January 3, 2009
"Credit, the disposition of one man to trust another, is singularly varying," Walter Bagehot, the financial journalist, wrote 135 years ago. "In England, after a great calamity, everybody is suspicious of everybody; as soon as that calamity is forgotten, everybody again confides in everybody." ...more
January 1, 2009
The full scope of the housing meltdown isn't clear and already there are ominous signs of a new crisis, one that could shutter malls, hotels and storefronts nationwide. ...more
November 28, 2008
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