Barely two weeks into a new government program that allows severely underwater borrowers with loans backed by Fannie Mae and Freddie Mac to refinance their loans to lower rates, the numbers are surging. Read More
Friday, the Commerce Department is expected to report the deficit on international trade in goods and services was $47.8 billion in December, unchanged from November. Read More
The French bank Credit Agricole is planning on major changes to the way it operates in order to avoid new capital requirements being imposed by global financial regulators. Read More