Finance & Mortgage

Bank of America CEO Moynihan: Don't be Quick to Ditch Fannie and Freddie

Bank of America Chief Executive Brian Moynihan on Friday said the taxpayer-supported mortgage giants, Fannie Mae and Freddie Mac, should not be eliminated as policymakers calibrate the right balance of government support for home buying.

California Lumberyards Against 1 Percent Tax Hike

A recent hike of 1 percent tax hike proposed by the governor of California has upset lumber sellers as they are afraid it will affect business

Federal Clampdown Looming on Reverse Mortgages

The federal government is proposing to make big changes to its reverse mortgage program early next year that should make the loans safer for seniors who use them to tap home equity.