A new report finds that the vast majority of short-term payday loans—4 out of 5—are not paid off within 14 days and are rolled-over or renewed.» Read More
Leveraged loans are under increased pressure amid the European debt crisis. Mark Attanasio, Milwaukee Brewers Baseball Club chairman/principal weighs in.
As the financial sector braces for another wave of losses due to FHA claim denials, Paul Miller, FBR Capital Markets, discusses the potential fallout.
CNBC's Courtney Reagan reports the purchasing managers index rose more than expected but Americans' income fell by a tenth of a percent in August. Also, Eastman Kodak says it is not considering bankruptcy, and the Energy Department has finalized more than $2 billion in loan guarantees.
President Obama’s proposal to expand access to mortgage refinancing has reignited a debate about the appropriate role for government in supporting the housing market. Some economists argue that the best way to spur the recovery is to stop intervening, let matters run their course, and allow home prices to normalize naturally.
CNBC's Steve Liesman breaks down the data on the health of the U.S. economy from the Fed.
Richard Bove, Vice President of Equity Research, Rochdale Securities shares details of the FHFA lawsuit against Bank of America.
CNBC's Phil LeBeau has the story on the comeback in subprime auto loans.
Small businesses are still struggling to get financing, and that has many entrepreneurs wondering how to go about getting the cash they need to either start or maintain their business.
Discussing low interest rates and whether now is the time to refinance your mortgage, with Frank Sorrentino, North Jersey Community Bank chairman/CEO.
Michael Menatian, Sanborn Mortgage, and Liz Pulliam Weston, "The 10 Commandments of Money" author, discuss whether its time to lock in rates when it comes to refinancing your mortgage.
CNBC's Mary Thompson has the details on the health of community banking in America.
Jeff Cox, CNBC.com reports bank loan volume just hit a trillion dollars but the news might not be as good as it sounds, with Russell Goldsmith, City National Bank, and CNBC's Herb Greenberg.
In 2010 it took almost a whole year to get $1 trillion loan volume. This year it took barely seven months.
CNBC's Diana Olick reports bankrupt Borders is dumping 10 million square feet of vacant space onto the retail real estate market; multifamily housing is showing healthy fundamentals; and the Mortgage Bankers Association is reversing course on lowering the conforming loan limit.
At the height of the financial crisis, the Federal Reserve evoked emergency powers to make loans to Wall Street firms without bothering to adequately explain the legal grounds for those loans.
Mortgage industry employees are still signing documents they haven't read and using fake signatures more than eight months after big banks and mortgage companies promised to stop the illegal practices that led to a nationwide halt of home foreclosures.
Fame ain't no thing for JPMorgan.
Discussing whether there's a lack of available credit for small business owners and its impact on the economy, with Drew Greenblatt, Marlin Steel Wire president, and Max Chafkin, Inc. Magazine senior writer.
Bank of America sure talked tough when it came to fighting claims by investors that it should buy back soured mortgages securities.
CNBC's Rick Santelli weighs in on New Jersey's money problems and its impact on the bond market.