*Oil down on worries that Iran could add to supply. NEW YORK, March 31- The euro closed out the worst quarter in its 15- year history on Tuesday, slammed by monetary policy changes and worries about Greece, while U.S. stocks retreated a day after posting big gains. Federal Reserve will raise interest rates this year, while the European Central Bank's...» Read More
It should come as no surprise to anyone, given that the banks, Fannie and Freddie and several states had foreclosure moratoria that recently expired. Everyone was waiting to see the Obama plan for troubled loans, and once the Making Homes Affordable plan was set in motion, the moratoria were mostly lifted. Of course it begs the question, how exactly are those Obamamods doing?
Signs of long-term economic growth are still a way off, says Lawrence Lindsey, former National Economic Council director and president and CEO of the Lindsey Group. Lindsey predicts the stock market will retest its lows and says there is no bottom in sight for commercial real estate prices.
Global stocks declined Wednesday as grim data from China and the U.S. fueled concerns over the recovery of the global economy. Experts tell CNBC that although the economic slowdown is ongoing, the current rally still has some life in it.
I know we’ve been saying over and over that home affordability is soaring to record levels, but a report today from John Burns Real Estate Consulting really puts it into hard numbers, which I thought I’d share.
The Singaporean dollar gained against its American counterpart Tuesday after the country's central bank announced it was effectively devaluing its currency after posting its worst quarterly economic contraction ever. Experts tell CNBC the gain is unlikely to last.
All the government borrowing programs aimed at increasing liquidity have some economists worried that there could be a steep price to pay down the road.
Last week, while touting the success of one part of the Making Homes Affordable plan, President Obama issued a warning.
The US stock market appears to have hit bottom and the nation's economy might see an upward shift in the latter half of the year, widely watched investment strategist Abby Joseph Cohen told CNBC
More doom on the horizon? Or will happy days soon be here again? Take your pick. The confusion is enough to play havoc on a person's mood—or an entire nation's. In hard economic times, Americans turn to numbers to see whether things are getting better.
South Korea's economy averted a recession in the first quarter thanks to pump-priming and rate cuts, the central bank said on Friday, supporting market bets that interest rates had troughed.
After much ado on the international stage, President Obama decided to shift attention back to the domestic issues at hand, and where better to start than housing.
You've heard all the gloom and doom. Now here's some good news: the economic recovery could happen much sooner—and be much stronger—than anyone thought possible.
Assuming you can find one, how do you avoid paying a jumbo’s higher interest rate? You have three options.
Two of our top money advisors debunk this financial falsehood.
Global stocks rose Thursday, ahead of the long Easter weekend, as governments and central banks take concerted efforts to restore economic growth.
Pulte Homes' purchase of Centex certainly gave volume to the buzz that there is a housing recovery right 'round the corner.
Below are the minutes released by the Federal Open Market Committee after its Mar. 17-18 meeting:
Although oil prices should remain low for the next three to six months, the threat of surging prices remains, according to John Hofmeister, former Shell president and CEO of U.S. operations.
Global stocks fell Wednesday, tracking Wall Street's overnight slide, as poor earnings from Alcoa sparked concerns about other corporates. Experts tell CNBC that despite the volatility, there are still "amazing" opportunities out there.
I said it yesterday, and I’ll say it every day: Until the number of foreclosures in this country starts to go down instead of up, we will not see a full recovery in the housing market; I don’t care how upbeat you are about buyer traffic this spring.