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Personal Finance News

News on Personal Finance continually updated from thousands of sources around the net.

2 hrs ago | KING-TV Seattle

Winning calls by Levy forecasters over decades

It's a forecast so out of the mainstream, it's hard to believe: a U.S. economy in recession next year, triggered by steep downturns abroad.

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Related Topix: Mutual Funds, Seattle, WA

5 hrs ago | Sacramento Bee Newspaper

Homes sales improve but stress remains

Sales of existing homes improved for the third consecutive month in June, the National Association of Realtors reported Tuesday in one of several new data points that suggest a steadily better economy.

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Related Topix: Real Estate, Housing, Home, Home Selling, Mortgage, Foreclosures

6 hrs ago | Reuters

JPMorgan begins to provide consumer help under $13 billion settlement

JPMorgan Chase & Co has begun to provide the debt forgiveness and other help to struggling homeowners under last year's $13 billion accord with federal and state authorities, though it has only turned over a handful of details, a monitor of the deal said in a report released on Tuesday.

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Related Topix: Banking, JP Morgan Chase , Home, Mortgage

11 hrs ago | The Wichita Eagle

US home sales increase 2.6 percent in June

In this July 10, 2014 photo, a mailman delivers mail to a house for sale in Quincy, Mass.

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Related Topix: Housing, Quincy, MA, Real Estate, Home, Home Selling, Mortgage

11 hrs ago | Sunherald.com

US home sales increase 2.6 percent in June

The National Association of Realtors says that sales of existing homes increased 2.6 percent to a seasonally adjusted annual rate of 5.04 million homes.

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Related Topix: Housing, Real Estate, Mortgage, Home

12 hrs ago | The Raw Story

Detroit workers, retirees vote in favor of city's debt plan

Detroit's city workers and retirees overwhelmingly agreed to accept the city's debt adjustment plan, according to results filed late Monday, potentially clearing the way for the struggling city to exit bankruptcy in the next few months.

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Related Topix: Economics News, Bankruptcy, Pension

16 hrs ago | Business Journal

Mortgage, tax charges hit BB&T earnings

BB&T booked net income of $425 million in the second quarter, down from $547 million a year earlier in part due to $88 million worth of mortgage and tax-related reserve adjustments.

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Related Topix: Home, Mortgage, BBT, Banking, Financial Services

Mon Jul 21, 2014

Deseret News

Consumers are padding their checking accounts

With wounds from the Great Recession still fresh, chastened Americans are hoarding more cash in their checking accounts than at any time in the last 25 years.

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Related Topix: Home, Mortgage

Hillingdon Times

New low in youngsters buying homes

Just 3% of those buying property in June were aged 18 - 30, according to the National Association of Estate Agents , the lowest it has ever recorded.

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Related Topix: Mortgage, Home

Tri-cityherald.com

Judge tosses Wisconsin senator's health care suit

Sen. Ron Johnson, a Wisconsin Republican, filed the lawsuit in January after the Office of Personnel Management decided months earlier that lawmakers and their staffs should continue to receive health care benefits covering about 75 percent of their premium costs after leaving the health insurance program for federal workers.

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Related Topix: US Politics, US News, Senator Ron Johnson, US Senate, Republican, Health Insurance, Health, Small Business

Tri-cityherald.com

Pennsylvania sees 3rd rating downgrade in 2 years

New York-based credit ratings agency Moody's Investors Service dropped Pennsylvania's $11.1 billion of general obligation bonds a rung on its rating ladder, from Aa2 to Aa3, leaving it ranked among the six worst states in Moody's ratings for the 47 states with general obligation debt.

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Related Topix: US Governors, Tom Corbett, Pension, Financial Services, Moodys, Financial Markets, US News

The Tribune

Pain of Atlantic City casino closings far-reaching

Yomary Blanco cleans rooms at Trump Plaza, one of three Atlantic City casinos that could shut down by September.

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Related Topix: Home, Mortgage, Small Business, Life, Food, Seafood

The Modesto Bee

US Treasury bill rates mixed at weekly auction

The Treasury Department auctioned $26 billion in three-month bills at a discount rate of 0.025 percent, unchanged from last week.

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Related Topix: Home, Mortgage, Business News

Centre Daily Times

Senate panel: Banks helped hedge funds skirt taxes

The probe by the Senate Permanent Subcommittee on Investigations will be the subject of a daylong hearing on Tuesday and also spells more trouble for the embattled Internal Revenue Service.

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Related Topix: Tax, Banking, Financial Services, Deutsche Bank AG, US News, US Senate, Democrat, US Politics, Carl Levin, Home, Mortgage

WECT-TV Wilmington

Five valuable credit report lessons

Your credit report is a record of many your finance-related activities, including activity with credit card accounts and loans.

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Related Topix: Home, Mortgage, Credit Card Debt

Edmonton Journal

Freedom 58? Half of Canadians doing more to pay down their mortgages, says CIBC

The survey also found that just over half of those polled were taking advantage of the current low interest rate environment to pay down their mortgages faster.

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Related Topix: Home, Mortgage, North America, Canada, World News

Radio City

Savers To Get Free Advice On Pension Pots

Millions of people are to be given free, impartial advice on how to make the most of their retirement savings.

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Related Topix: Pension

Click Orlando

Millennials love cash

Americans between 18 and 29 years old are three times more likely to keep their long-term investments in the form of cash rather than in the stock market, according to a survey from Bankrate.com.

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Related Topix: Bankrate, Computers, Media, Retirement

Sun Jul 20, 2014

The Globe and Mail

Britain set to shake up annuity market

Britain will announce new rules Monday for the pensions industry that will give retirees greater access to their savings, fleshing out plans announced earlier this year that shook the share value of British insurers.

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Related Topix: Pension

Sacramento Bee Newspaper

David Cay Johnston: State’s job growth defies predictions after tax increases

Dire predictions about jobs being destroyed spread across California in 2012 as voters debated whether to enact the sales and, for those near the top of the income ladder, stiff income tax increases in Proposition 30. Million-dollar-plus earners face a 3 percentage-point increase on each additional dollar.

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Related Topix: California, Tax, Small Business, Sacramento, CA

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