Mark Zandi, a well-known economist, is a front-runner to lead the U.S. housing regulator and oust Edward DeMarco, who critics say hasn't done enough to aid homeowners, the Wall Street Journal reported.
Bank stock investors are braced for a disappointing first quarter, but there is still plenty of value in select mid-cap names. TheStreet.com takes a closer look.
This Friday starts the earnings season for the nation's largest banks. What should the long-term investors pay attention to? TheStreet.com gives an overview.
I fear that one day when I wake up a meteor will hit the earth and it will alter everything in my life. Is this a possibility? Yes, of course it is. But is this a probability? Should my actions be based on my fear or on what I believe to be probable?
Deutsche Bank cut its previously reported 2012 pretax profit by 600 million euros, hit by new charges related to mortgage-related lawsuits and other regulatory investigations.
U.S. mortgage finance company Freddie Mac is suing more than a dozen banks for losses from the alleged manipulation of the benchmark interest rate known as Libor.
Fannie Mae and Freddie Mac will form a joint venture for securitizing home loans that could end up replacing the two government-controlled mortgage finance giants.
U.S. government-run mortgage finance provider Freddie Mac earned $11 billion last year, the first annual increase in its net income since 2006.
Some of banking's best-known names are still trading at very attractive valuations to book value and earnings estimates, TheStreet.com says.
One Oppenheimer analyst has "outperform" ratings on four bank stocks and says his price targets generally assume "that the banks trade at their historical average of 70 percent of the market multiple." TheStreet.com reports.
Fannie Mae and Freddie Mac exacerbated the mortgage crisis and that's why the government should get out of the home loan business, former Wells Fargo CEO Richard Kovacevich told CNBC.
Bank of America reached a $10 billion settlement with Fannie Mae to resolve claims related to the sale and delivery of residential mortgage loans.
TheStreet.com identifies bank stocks that are trading at low multiples to forward earnings estimates.
TheStreet.com details one pro's opinion that BofA's surplus capital build-up will "reduce the perception of risk around BAC and drive an increase in the valuation multiple."
Bank stock investors may be looking at some very attractive dividend yields next year. TheStreet.com reports.
*Freddie Mac has repaid 31 pct of total Treasury draw. Nov 6- Freddie Mac reported a third-quarter profit on Tuesday, driven by a U.S. housing market on the mend, and said it was not requesting funds from the U.S. Freddie Mac had net earnings of $2.9 billion in the quarter that ended Sept. 30, contrasting a $4.4 billion loss a year earlier.
Nov 6- Freddie Mac reported a third-quarter profit on Tuesday, driven by a U.S. housing market on the mend, and said it was not requesting additional funds from the U.S. Freddie Mac had net earnings of $2.9 billion in the quarter that ended Sept. 30, contrasting a $4.4 billion loss a year earlier.
Nov 2- The health of the U.S. economy has been central to the campaign for the White House, with both President Barack Obama and Republican challenger Mitt Romney seeking to convince voters they have a plan to usher in faster growth and job creation.
WASHINGTON, Nov 1- Wells Fargo has gone to court to challenge a financial-crisis lawsuit recently brought against it by the Justice Department, saying a prior multi-bank $25 billion mortgage settlement already cleared it of some liability.
Nov 1- A significant portion of customers in Wells Fargo& Co's $1.9 trillion mortgage servicing portfolio remain strong candidates for refinancings, the head of the bank's home lending unit said on Thursday.