A record 12% of homeowners with a mortgage are behind on their payments or in foreclosure as the housing crisis spreads to borrowers with good credit. And the wave of foreclosures isn't expected to crest until the end of next year, the Mortgage Bankers Association said today.
Sales of previously occupied homes rose modestly from March to April as buyers who were brave enough to dive into the market took advantage of prices that were 15.4 percent below year-ago levels.
U.S. home prices are at levels not seen since the end of 2002, but a closer look at data released Tuesday shows the worst may be over for some metropolitan areas.
Optimal Investment Services, the Geneva-based hedge fund arm of Banco Santander SA, has reached a settlement with Irving Picard, trustee for the liquidation of Bernard L. Madoff Investment Securities LLC, for $235 million.
The pool of money available to compensate victims of Bernard Madoff's massive pyramid scam is getting bigger.
Rates on 30-year mortgages inched downward this week, remaining below 5 percent for the tenth-consecutive week and just above record lows.
Toll Brothers Inc. said today its homebuilding revenue dropped by 51 percent in its fiscal second quarter, but the luxury homebuilder sees signs the real estate market is recovering.
A modest rebound in single-family home construction in April raised hopes Tuesday that the three-year slide in housing could be bottoming. But with the supply of unsold homes bulging, foreclosures rising and prices falling, no broad recovery is expected until next spring at the earliest.
Citing a growing interest in options trading, Charles Schwab & Co. Inc. today announced the launch of more-advanced options-trading tools, including screening capabilities and historical-options-price charts for its traders.
The legislative proposal is the administration's first major step in overhauling the nation's financial regulatory system.
Home prices fell in nearly nine out of every 10 U.S. cities in the first quarter of this year as first-time buyers looking for bargains dominated the market.
A prominent lawyer accused of defrauding hedge funds of at least $400 million is expected to plead guilty Monday to charges that carry a potential sentence of decades in prison.
Investors pulled $87.6 billion out of stock, bond, mixed-equity and money market mutual funds in March, the highest net redemption total since September 2008, according to a report released today by New York-based Lipper Inc.
Hedge funds gained almost 4% in April, but failed to keep pace with the surging broad market indexes.
Some industry observers are questioning whether an endowment model of investing — as popularized by the Yale University endowment fund — should be used for individual investors.
Michael Lauer, the head of two Connecticut hedge funds, was ordered to pay more than $62 million to settle charges he defrauded investors of more than $500 million by manipulating securities prices and lying about the holdings of his funds, the Securities and Exchange Commission announced today.
An analysis of the hedge fund industry’s first-quarter activity indicates that the $1.3 trillion industry is stabilizing, according to Credit Suisse/Tremont Hedge Fund Index LLC in New York.
Investors are rushing into stocks Monday as surprise increases in pending home sales and construction spending offered the latest signs that the economy is stabilizing.
As a result of shifting views of high-net-worth and ultrahigh-net-worth investors, financial advisers will have to re-evaluate business practices, including fees, portfolios and investment policies, according to wealth managers and industry observers.
A day before he and his hedge-fund consulting firm were stung by the Securities and Exchange Commission with $815,000 in fines and penalties, a major figure in the hedge fund world started his own effort to change hedge fund audits.
