Here’s a lesson for the government and Ally Financial in particular: With bank investors fretting about the potential costs of soured-mortgage claims, it is best to get the details out in the open. That’s the opposite of how Ally and Freddie Mac handled a...
Voters need to send “a whole new team” to town to change the perception that Washington is hostile to business and job creation, potential Republican presidential candidate Rick Santorum told CNBC. Using a familiar criticism that President Barack Obama is...
NEW YORK (CNNMoney) — “Good stuff here…” – Jason Hartman Home prices hit another new low in the first quarter, down 5.1% from a year ago to levels not reached since 2002. It was the third straight quarterly drop for the...
Arizona’s employment picture brightened considerably in April, with unusually high growth in jobs and a drop in the unemployment rate, the Arizona Department of Commerce reported Thursday. The state gained 17,200 jobs from March to April. That’s more than...
Where are Mortgage Rates Headed? We often talk about the COST of buying a house vs. the PRICE of the home. The price obviously is a major component of the cost. The other major component is the interest rate on your mortgage. A small hike in mortgage interest rate can...
Forget stocks. Don’t bet on gold. After four years of plunging home prices, the most attractive asset class in America is housing. From his wide-rimmed cowboy hat to his roper boots, Mike Castleman fits moviedom’s image of the lanky Texas rancher. On a...
