Stories by Marcy Gordon

Articles from the Marcy Gordon section archive

Thursday, March 7, 2013

Fed says biggest banks in stronger position

The Fed's annual "stress tests" showed Thursday that as a group, the 18 banks hold fewer bad loans compared with last year, helped by a stronger economy.
By Marcy Gordon

Monday, Feb. 11, 2013

1 in 4 consumers has credit-report errors

The Federal Trade Commission study also said that 5 percent of the consumers identified errors in their reports that could lead to them paying more for mortgages, auto loans or other financial ...
By Marcy Gordon

Friday, Dec. 28, 2012

Fewer US banks failing as industry recovers

Fewer banks failed nationwide in 2012 and they had their most profitable year ever as the industry strengthened.
By Marcy Gordon

Monday, Dec. 10, 2012

Fannie, Freddie managers earned $200,000

A government report finds median pay for nearly 2,000 senior managers at government-controlled Fannie Mae and Freddie Mac exceeded $200,000 last year.
By Marcy Gordon

Monday, Nov. 26, 2012

SEC official to lead agency

Mary Schapiro will step down as chairwoman after a tumultuous tenure in which she helped lead the government's regulatory response to the 2008 financial crisis. Replacing her will be Elisse ...
By Marcy Gordon

Tuesday, Nov. 13, 2012

Tighter fund rules urged

A group of federal regulators is urging the Securities and Exchange Commission to adopt stricter rules for money-market mutual funds.
By Marcy Gordon

Thursday, Nov. 1, 2012

Consumer confidence at highest since Feb. 2008

The Conference Board said Thursday that its consumer confidence index increased in October to 72.2. That's up from a revised 68.4 in September and the highest reading since February 2008, two ...
By Marcy Gordon

Thursday, Oct. 11, 2012

US foreclosure filings fall to 5-year low

U.S. foreclosure filings dropped to a five-year low in September as fewer homes were on track to be seized by lenders.
By Marcy Gordon

30-year mortgage rises to 3.39 percent

Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan increased to 3.39 percent from 3.36 percent. The previous week's rate was the lowest since long-term mortgages began in ...
By Marcy Gordon

Friday, Sept. 28, 2012

Bank of America to pay $2.43 billion

Bank of America says it has agreed to pay $2.43 billion to settle a class-action lawsuit related to its acquisition of Merrill Lynch at the height of the financial crisis.
By Marcy Gordon

Wednesday, Aug 29, 2012

Contracts to buy US homes hits high

The National Association of Realtors said Wednesday that its index of sales agreements for previously occupied homes jumped 2.4 percent in July to 101.7.
By Marcy Gordon

Wednesday, Aug 8, 2012

Fannie Mae posts $2.2 billion net gain

Fannie Mae earned $2.2 billion from April through June.
By Marcy Gordon

Tuesday, July 31, 2012

Regulator bars Fannie-Freddie from reducing principal

The government is standing by its decision to bar Fannie Mae and Freddie Mac from reducing principal for borrowers at risk of foreclosure.
By Marcy Gordon

Thursday, July 12, 2012

Mortgage rates set new lows

Mortgage buyer Freddie Mac says the average rate on the 30-year loan fell to 3.56 percent.
By Marcy Gordon

Thursday, July 5, 2012

Fewer US banks closing

Fewer U.S. banks are failing than at any time since the financial crisis erupted in 2008. The healthier banking industry is helping sustain an economy.
By Marcy Gordon

Monday, June 25, 2012

Spanish banks downgraded

Moody's is cutting its credit ratings on 28 Spanish banks, saying the weakening condition of Spain's government is making it more difficult for that country to support its lenders.
By Marcy Gordon

Thursday, May 24, 2012

U.S. bank earnings at highest level in five years

U.S. bank earnings at highest level in five years
By Marcy Gordon

Saturday, March 24, 2012

E-mail links Corzine with transfer

WASHINGTON - A former MF Global executive appears to contradict testimony from Jon Corzine, saying the former senator ordered the transfer of $200 million out of a customer account.
By Marcy Gordon

Sunday, Nov. 7, 2010

Small banks failing; larger firms recover

U.S. banks are failing at the fastest rate in two decades. No, the financial crisis hasn't returned. Wall Street doesn't need another bailout.  
By Daniel Wagner and Marcy Gordon

Tuesday, Sept. 11, 2007

Inquiry of seminars finds fraud

WASHINGTON - An investigation by federal and state regulators of "free lunch" investment seminars aimed at seniors has found high-pressure sales pitches masquerading as educational sessions, ...
By Marcy Gordon