CNBC's Sue Herera looks back at the week's top business and financial stories.» Read More
The fact is, modification programs won't work unless the principal on the loan is written down, giving the homeowner at least some financial stake in the house. But we all know how willing lenders are to write down principal.
Thursday: U.S. jobless claims eased from a 26-year peak but still showed weakness in the economy. After the Federal Reserve's moves this week, homeowners are scrambling to refinance; the dollar is sliding against the euro. And the second half of the $700 billion TARP bailout fund looks likely to go toward foreclosure relief and economic stimulus. CNBC heard from experts who say crude oil prices are finally correct — and oil, stocks and gold are going to soar.
While the plunge in mortgage rates is definitely a step in the right direction to stabilize the housing market, it might not as much help as many are hoping.
Global markets look set to remain volatile until year-end, as the dollar reverses several months of gains and hits a 2-1/2 month low against the euro, and as oil falls to the $40-a-barrel level despite OPEC's historic supply cut.
As the end of the year closes in, volumes in global markets remain low, with many indexes trading sideways, as investors remain in government bonds for both safety and yield.
Consumers will be shielded from increases in interest rates on existing account balances on their credit cards under new rules being adopted by federal regulators.
Lately we’ve heard a lot of talk comparing the U.S. and Japan. You might remember, their financial system froze in the late ‘90’s.
Stocks briefly popped into positive territory before resuming their descent amid waning enthusiasm for the Fed's near-zero target rate.
Following Tuesday’s Fed decision many on Wall Street are wondering, now what?
The dollar tumbled on Wednesday, hitting its lowest in more than 13 years versus the yen and also falling against the euro...
Now that Fed Chairman Bernanke has answered how low he would take interest rates, he needs to explain what's next.
The Fed and Treasury have already had to institute a program to help institutions buy securities backed by credit card debt so that these companies can keep extending people credit. If we pass laws saying they can't charge high rates, they'll do even less lending.
Mortgage brokers I talked to this morning said the floodgates are open, and it’s mostly refis. In fact, the Mortgage Bankers Association’s weekly applications survey showed that last week, with rates historically low, 77 percent of applications were for refis, not new purchases.
The latest attempt to restart the economy has got American talking. In fact, CNBC’s Dylan Ratigan is talking about it with Barbara Walters.
Are the technical forces powerful enough to keep the S&P 500 on its current uptrend toward 1,000? Also why isn't Apple CEO Steve Jobs making the keynote address at Macworld?
A CNBC panel of experts thinks Federal Reserve Chairman Ben Bernanke is tops when it comes to the business world.
Stocks opened lower Wednesday as enthusiasm about the Federal Reserve's near-zero target rate waned and worries about how long and how deep the recession will be were reignited.
It is surprising to me that there is not more consumer advocacy on the subject of credit card interest rates. They are utterly abusive to consumers while reaping extraordinary profit margins for the lenders.
The dollar dropped to an 11-week low and government bonds rose Wednesday after the Federal Reserve cut its base rate to a range of zero to 0.25 percent. The central bank said it would employ "all available tools" to battle a year-long recession.
U.S. stock index futures fell Wednesday, when enthusiasm about the Federal Reserve's near-zero target rate waned and worries about how long and how deep the recession will be were reignited.