Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
The budget gridlock in Washington is affecting the mortgage business, LendingTree Founder and CEO Doug Lebda said Friday.
"D.C. is generally causing a lot (of) turmoil and mayhem in the mortgage market," Lebda warned. LendingTree is an online exchange connecting consumers with lenders offering mortgages and refinance loans, home equity loans and lines of credit.
Lebda said lenders are feeling a pinch but that's actually good for the company's business. LendingTree is counter-cyclical to the market, as it sends leads to lenders.
"When they've got all the volume they want, we're like selling ice cubes to Eskimos but at a time like this they're asking us for more and more," Lebda explained.
(Read more: Falling rates boost mortgage apps for second week)
Mortgage rates fell last week after the Federal Reserve announced its bond-buying stimulus program was here to stay, at least for the time being. The average 30-year fixed-income mortgage rate fell to 4.32% last week, down 4.5% from the week before, according to Freddie Mac.
Lebda also said mortgage lending guidelines are loosening. For those "who were left on sidelines because of tight guidelines, now we're seeing they're loosening up, and getting more appropriate... private securitizations are opening up," Lebda said.
"I think housing is going to continue to do fine. We're coming off of historic lows, we've got a lot investors who bought up investment properties so the market is still very tight but ultimately housing moves with the economy," he said.
However, he said the investor market is largely past us.
"People were buying investment properties, three, four,five years ago, what I hear is that's slowing down now and what you've got is normal consumers buying normal houses that they actually want to live in," he said.