The number of mortgage applications filed increased by 28.4% for the week ended Jan. 11.
JPMorgan Chase said forth-quarter profit fell 34% after the firm posted a $1.3 billion write-down on subprime mortgages.
“The NAIC investigated itself with an attorney who used to work for the insurers,” said the Life Insurance Settlement Assoc. chief.
U.S. consumer prices rose 0.3% in December of 2007, followoing an 0.8% bump in November, the largest of 2007.
Producer prices were up 6.3% in 2007, the largest full-calendar-year rise since 7.1% in 1981.
Doug Townsend has been the vice president and controller of both entities since January 2004.
Many financial advisers are in a mood to buy stocks despite the drubbing their portfolios have taken in the first few trading sessions of 2008.
The Interstate Insurance Product Regulation Commission today added two new regulators.
Ameriprise Financial Inc. has experienced the defection of another top representative, this time a leading producer in its franchisee group, to LPL Financial.
Incentive stock options are thought of more favorably than non-qualified stock options because ISOs can create capital gains while NQOs create ordinary income.
Two of the Section 529 college savings plan industry's most sought-after contracts up for renewal this year have been taken off the table, leaving Michigan as the biggest prize for ambitious program managers in 2008.
The Financial Industry Regulatory Association encourages investors to check on the professional backgrounds of brokers by using its BrokerCheck system.
If the timing is right, there’s a compelling case for converting a traditional IRA to a Roth IRA, even though Roth conversions are a tough sell.
As managing director and head of fixed income trading, Bill Parry will oversee all fixed income traders.
The RBC CASH Index, which has gauged consumer confidence since 2002, hit a new low this month.
Economists polled by The Wall Street Journal put the chance of recession at 42%, up from 23% just six months ago.
The U.S. trade deficit grew to $63.1 billion in November 2007, an increase of 9.3% over October.
Amid signs of inflation, European Central Bank today left its key interest rate unchanged at 4.0%.
Wholesalers posted a 2.2% increase in sales in November, marking the largest gain in over two years.
The model act covers the secondary market for life insurance, including disclosures for viatical settlements brokers.
