The Dow Jones Industrial Average hovered agonizingly close to its historic 20,000 level, though failed to gather the last bit of momentum to top the milestone.
Stocks climbed as the Dow Jones Industrial Average continued its march toward the psychologically important 20,000 milestone, a level it flirted with last week.
The bank's shares are taking a hit after the Justice Department proposes a $14 billion settlement.
A healthy housing market is making mortgage-backed bonds all the more attractive
A bombardment of advertisements is exhorting retirees to take out a reverse mortgage for income in their golden years. But it's important to understand clearly how they work.
Fannie Mae and Freddie Mac took a lot of blame for the housing bust, and free-market purists aren't pleased they still exist. But most politicians don't want to discuss them.
The demand for housing is strengthening nationwide and that's creating opportunities in the non-agency mortgage-backed bond market, said Gary Singleterry, portfolio manager GAM Unconstrained Bond Strategy.
The demand for housing is strengthening nationwide and that’s creating opportunities in the non-agency mortgage-backed bond market, said Gary Singleterry, portfolio manager GAM Unconstrained Bond Strategy.
Although people borrowing money for a home typically want the lowest interest they can get, mortgage applications at Wells Fargo and Bank of America may actually increase as rates rise.
PNC Financial is jumping into a technological overhaul in order to keep pace with digital retail competitors and to protect its fee base, which already constitutes 44% of its revenue.
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