In a report released Tuesday, the Consumer Financial Protection Bureau said it has received more than 1,300 complaints from military borrowers since 2012. Most of the problems stem from military personnel trying to defer loan payments or cap their interest rates while on active duty or after being disabled, as is allowed under the law. The findings appear to...» Read More
There is a "serious risk" the global economy could slip back into recession if world wide government stimulus measures are taken away, George Soros, chairman of Soros Fund Management, told CNBC Wednesday.
What-did-they-know-and-when-did-they-know-it will be the over-arching theme of the questions. According to the US Treasury Department, Geithner was recused from "working on issues involving specific companies," including AIG after he was nominated on Nov. 24th, 2008, for the US Treasury Secretary.
I'm trying to refinance my mortgage right now, not because I have to, but because I'd like to take advantage of historically low interest rates, which will likely rise after the government begins pulling out of the housing business this spring.
It looks like Ben will get the votes necessary for another four year term, but at what cost? Harry Reid, he of the Senator Ben Nelson of Nebraska deal to sell 49 states down the Medicaid road to get one Senator's vote, alleged to have extracted a promise from Bernanke that Ben take additional steps to increase the flow of credit to the middle class.
Monetary policy will be a hot topic at conference, where participants will no doubt be debating who first, how much and when.
According to CNBC’s Bob Pisani if you have money in this market right now, the biggest risk to the downside probably comes from…
What exactly did Ben Bernanke promise Senate Democratic leader Harry Reid? That’s the big question right now. Reid reluctantly endorsed Bernanke after a one-on-one meeting. Here’s what Reid said, according to the Las Vegas Sun: “I made it clear that to merit confirmation, chairman Bernanke must redouble his efforts to ensure families can access the credit they need to buy or keep their home, send their children to college, or start a small business.”
The lead story in commercial real estate today is the dynamic duo of Tishman Speyer and BlackRock walking away from Stuyvesant Town and Peter Cooper Village in Manhattan. The two have been trying to refi $4.4 billion in debt on the 11,200-apartment property, to no avail. So now they're handing over the keys to the lenders.
Behavioral scientists are having a field day with this behavior and one professor states these borrowers are suffering from "norm asymmetry.
As the vote on Ben Bernanke's reconfirmation nears, two congressmen and two senators offered their insights on the Fed chief's performance on CNBC Monday.
Eight in 12 Asian countries will have negative real interest rates, said Rob Subbaraman chief economist for Asia at Nomura International, and that could lead to asset bubbles in the region.
Amid next week’s earnings deluge, which tech names will the Fast Money traders be watching closely?
President Barack Obama’s pledge to impose business line restrictions on banks appeared to catch the market by surprise yesterday, judging from the 200 point tumble in the Dow. Whether or not one supports these measures in concept, the announcements themselves were ill-advised.
The good news is that homeowners are expected to spend more on home remodeling in 2010, the bad news is that "green" remodeling isn't adding to home values. Two reports from the International Builders Show in Las Vegas this week have served to put me, and many other potential remodelers, into a conundrum.
Amid growing opposition in the Senate to Bernanke winning a second term, CNBC has learned that the Democratic leadership is still gauging support for the beleaguered central bank chief.
US efforts to clamp down on big banks are likely the first in a line of global moves to curb risk-taking in the financial sector, Pimco's Mohamed El-Erian said.
The global economy faces a 40 percent chance of plunging back into recession within the next couple of years and growth will remain weak, Stephen Roach, chairman, Asia of Morgan Stanley, told CNBC Friday.
Interventions in the market will bring about unintended consequences, the author of the "Gloom, Boom & Doom Report" said. He also weighs in on the dollar, stocks and gold.
Defaults on sovereign debt are likely to proliferate in the next crisis, Marc Faber, guest host for "Squawk Box Europe" and author of the "Gloom, Boom & Doom Report" said.
There are some interesting tallies in the 2009 report: Home prices began bouncing back moderately, up 6.3 percent on the National Index from its trough in Q2 2006. Peak to trough decline was 32 percent nationally. But one chart really stood out to me.