Copyright (c) 2009 Yahoo! Inc. All rights reserved. http://news.yahoo.com/i/1204 business Personal Finance News en-us Sat, 07 Nov 2009 00:35:17 GMT 5 142 18 http://news.yahoo.com/i/1204 http://l.yimg.com/a/i/us/nws/th/main_142b.gif http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091107/ap_on_bi_ge/us_earns_freddie_mac ap/20091107/us_earns_freddie_mac AP business Sat, 07 Nov 2009 00:35:17 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091107/ap_on_bi_ge/us_earns_freddie_mac"><img src="http://d.yimg.com/a/p/ap/20091107/capt.29eaf458e3f4437bb76aa007f49eb585.earns_freddie_mac__wx101.jpg?x=130&y=78&q=85&sig=.77z4px1OMkHMsKVfoZ_wA--" align="left" height="78" width="130" alt="FILE - In this July 13, 2008 file photo, the Freddie Mac's corporate offices are seen in McLean, Va. Freddie Mac says its losses narrowed to $6.3 billion in the third quarter and the company didn't need a federal cash infusion. (AP Photo/Pablo Martinez Monsivais, FILE)" border="0" /></a>AP - Freddie Mac's losses narrowed to $6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't need a federal cash infusion.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091107/ap_on_bi_ge/us_earns_freddie_mac"><img src="http://d.yimg.com/a/p/ap/20091107/capt.29eaf458e3f4437bb76aa007f49eb585.earns_freddie_mac__wx101.jpg?x=130&y=78&q=85&sig=.77z4px1OMkHMsKVfoZ_wA--" align="left" height="78" width="130" alt="photo" title="FILE - In this July 13, 2008 file photo, the Freddie Mac's corporate offices are seen in McLean, Va. Freddie Mac says its losses narrowed to $6.3 billion in the third quarter and the company didn't need a federal cash infusion. (AP Photo/Pablo Martinez Monsivais, FILE)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20091107/bs_nm/us_freddiemac_results nm/20091107/us_freddiemac_results Reuters business Sat, 07 Nov 2009 00:00:47 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20091107/bs_nm/us_freddiemac_results"><img src="http://d.yimg.com/a/p/rids/20091106/i/r447035111.jpg?x=130&y=91&q=85&sig=DjkxIUKKVd_w3q6L3ZPKfg--" align="left" height="91" width="130" alt="A couple listens as a representative from Freddie Mac talks to them about a loan modification for their home at the National Urban League's Economic Empowerment Tour in Dallas, Texas June 13, 2009. REUTERS/Jessica Rinaldi" border="0" /></a>Reuters - Freddie Mac , the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a "prolonged deterioration" in housing.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20091107/bs_nm/us_freddiemac_results"><img src="http://d.yimg.com/a/p/rids/20091106/i/r447035111.jpg?x=130&y=91&q=85&sig=DjkxIUKKVd_w3q6L3ZPKfg--" align="left" height="91" width="130" alt="photo" title="A couple listens as a representative from Freddie Mac talks to them about a loan modification for their home at the National Urban League's Economic Empowerment Tour in Dallas, Texas June 13, 2009. REUTERS/Jessica Rinaldi" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_bear_stearns_trial ap/20091106/us_bear_stearns_trial AP business Fri, 06 Nov 2009 22:48:50 GMT AP - Two former Bear Stearns hedge fund managers charged with lying to investors always were honest about the risks of investing in securities linked to the volatile subprime mortgage market, a defense lawyer told a jury on Friday. http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_new_retirement_account ap/20091106/us_new_retirement_account AP business Fri, 06 Nov 2009 20:31:13 GMT AP - Over the last year it's become abundantly clear that the stock market can devastate even seemingly healthy retirement accounts. Even so, with the guaranteed income of traditional pensions disappearing, most investors have little choice. http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_tax_cuts_lobbying ap/20091106/us_tax_cuts_lobbying AP business Fri, 06 Nov 2009 16:55:38 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_tax_cuts_lobbying"><img src="http://d.yimg.com/a/p/ap/20091105/capt.eec1634da48f457b8bd3d6b00830ca11.homebuyers_tax_credit_ohtd101.jpg?x=130&y=72&q=85&sig=cJqfOZ713B2iCHgMxTThdw--" align="left" height="72" width="130" alt="A sign rests in front of a house for sale Wednesday, Nov. 4, 2009, in Shelby, Ohio. Buying a home is about to get cheaper for a whole new crop of homebuyers &mdash; $6,500 cheaper. (AP Photo/Tony Dejak)" border="0" /></a>AP - Emergency help for the jobless will be a huge windfall for Realtors, homebuilders, mortgage bankers and others, and that's no accident.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_tax_cuts_lobbying"><img src="http://d.yimg.com/a/p/ap/20091105/capt.eec1634da48f457b8bd3d6b00830ca11.homebuyers_tax_credit_ohtd101.jpg?x=130&y=72&q=85&sig=cJqfOZ713B2iCHgMxTThdw--" align="left" height="72" width="130" alt="photo" title="A sign rests in front of a house for sale Wednesday, Nov. 4, 2009, in Shelby, Ohio. Buying a home is about to get cheaper for a whole new crop of homebuyers &mdash; $6,500 cheaper. (AP Photo/Tony Dejak)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_johanns_student_loans ap/20091106/us_johanns_student_loans AP business Fri, 06 Nov 2009 16:35:13 GMT AP - U.S. Sen. Mike Johanns said Thursday that his concern for Nebraska families is what's driving his opposition to legislation that would turn control of student loans over to the government &mdash; not lobbying from private student loan provider Nelnet Inc. of Lincoln. http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_earns_dolan_media ap/20091106/us_earns_dolan_media AP business Fri, 06 Nov 2009 13:49:14 GMT AP - Dolan Media Co., a provider of legal and professional publications and services, said Friday its third-quarter profit more than doubled as revenue grew sharply in its mortgage default processing services business. http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/apfn_us_consumer_credit_ahead_of_the_bell ap/20091106/apfn_us_consumer_credit_ahead_of_the_bell AP business Fri, 06 Nov 2009 11:36:38 GMT AP - Consumers likely reduced their borrowing for an eighth straight month in September, as layoffs continue and credit remains tight. The declines in borrowing are expected to drag on the fledgling economic recovery. http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_earns_fannie_mae ap/20091106/us_earns_fannie_mae AP business Fri, 06 Nov 2009 00:33:26 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_earns_fannie_mae"><img src="http://d.yimg.com/a/p/ap/20091106/capt.2c785b4714884ac98b5415cb9a3433e6.us_earns_fannie_mae_nybz201.jpg?x=130&y=78&q=85&sig=X9zxabzxouYwjnKff2.8qw--" align="left" height="78" width="130" alt="FILE- In this July 11, 2008 file photo, a sign in front of the Fannie Mae headquarters in Washington is seen. Seized by federal regulators 14 months ago, the problems at Fannie Mae and sibling company Freddie Mac have proven far worse than most experts had foreseen. Fannie Mae's request Thursday, Nov. 5, 2009, will bring the tab for rescuing both companies to about $111 billion. The government has promised up to $400 billion in assistance. (AP Photo/Manuel Balce Ceneta, File)" border="0" /></a>AP - Fannie Mae is asking for an additional $15 billion in government aid after posting another big loss in the third quarter as the taxpayer bill from the housing market bust keeps rising.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_earns_fannie_mae"><img src="http://d.yimg.com/a/p/ap/20091106/capt.2c785b4714884ac98b5415cb9a3433e6.us_earns_fannie_mae_nybz201.jpg?x=130&y=78&q=85&sig=X9zxabzxouYwjnKff2.8qw--" align="left" height="78" width="130" alt="photo" title="FILE- In this July 11, 2008 file photo, a sign in front of the Fannie Mae headquarters in Washington is seen. Seized by federal regulators 14 months ago, the problems at Fannie Mae and sibling company Freddie Mac have proven far worse than most experts had foreseen. Fannie Mae's request Thursday, Nov. 5, 2009, will bring the tab for rescuing both companies to about $111 billion. The government has promised up to $400 billion in assistance. (AP Photo/Manuel Balce Ceneta, File)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/afp/20091105/bs_afp/uspropertyfinancepublicaidcompanyearningsfanniemae afp/20091105/uspropertyfinancepublicaidcompanyearningsfanniemae AFP business Thu, 05 Nov 2009 23:53:16 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/afp/20091105/bs_afp/uspropertyfinancepublicaidcompanyearningsfanniemae"><img src="http://d.yimg.com/a/p/afp/20091105/capt.photo_1257465071656-1-0.jpg?x=98&y=130&q=85&sig=prhgByI2zy7YEMREObOMPw--" align="left" height="130" width="98" alt="The Fannie Mae headquarters in Washington, DC, 2008. US state-controlled mortgage lender Fannie Mae posted Thursday another multibillion-dollar quarterly loss and said it needed an additional 15 billion dollars in taxpayer funds.(AFP/File/Karen Bleier)" border="0" /></a>AFP - US state-controlled mortgage lender Fannie Mae posted Thursday another multibillion-dollar quarterly loss and said it needed an additional 15 billion dollars in taxpayer funds.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/afp/20091105/bs_afp/uspropertyfinancepublicaidcompanyearningsfanniemae"><img src="http://d.yimg.com/a/p/afp/20091105/capt.photo_1257465071656-1-0.jpg?x=98&y=130&q=85&sig=prhgByI2zy7YEMREObOMPw--" align="left" height="130" width="98" alt="photo" title="The Fannie Mae headquarters in Washington, DC, 2008. US state-controlled mortgage lender Fannie Mae posted Thursday another multibillion-dollar quarterly loss and said it needed an additional 15 billion dollars in taxpayer funds.(AFP/File/Karen Bleier)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20091105/bs_nm/us_fanniemae_results nm/20091105/us_fanniemae_results Reuters business Thu, 05 Nov 2009 23:32:31 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20091105/bs_nm/us_fanniemae_results"><img src="http://d.yimg.com/a/p/rids/20091105/i/r1030063384.jpg?x=130&y=87&q=85&sig=VcSO1ZckzyEwRIjOWuZJ9A--" align="left" height="87" width="130" alt="A woman takes a brochure detailing how homeowners can make their mortgage payments more affordable at the Fannie Mae booth set up at the Housing Rescue Fair, part of the National Urban League's Economic Empowerment Tour, in Dallas, Texas June 13, 2009. REUTERS/Jessica Rinaldi" border="0" /></a>Reuters - Fannie Mae, the largest provider of funding for U.S. home loans, said on Thursday bad mortgages and a federal foreclosure prevention program left it with a $18.9 billion loss, forcing it to tap the Treasury again to plug a hole in its net worth.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20091105/bs_nm/us_fanniemae_results"><img src="http://d.yimg.com/a/p/rids/20091105/i/r1030063384.jpg?x=130&y=87&q=85&sig=VcSO1ZckzyEwRIjOWuZJ9A--" align="left" height="87" width="130" alt="photo" title="A woman takes a brochure detailing how homeowners can make their mortgage payments more affordable at the Fannie Mae booth set up at the Housing Rescue Fair, part of the National Urban League's Economic Empowerment Tour, in Dallas, Texas June 13, 2009. REUTERS/Jessica Rinaldi" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091105/ap_on_bi_ge/us_foreclosures_rentals ap/20091105/us_foreclosures_rentals AP business Thu, 05 Nov 2009 23:25:04 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091105/ap_on_bi_ge/us_foreclosures_rentals"><img src="http://d.yimg.com/a/p/ap/20091106/capt.2c785b4714884ac98b5415cb9a3433e6.us_earns_fannie_mae_nybz201.jpg?x=130&y=78&q=85&sig=X9zxabzxouYwjnKff2.8qw--" align="left" height="78" width="130" alt="FILE- In this July 11, 2008 file photo, a sign in front of the Fannie Mae headquarters in Washington is seen. Seized by federal regulators 14 months ago, the problems at Fannie Mae and sibling company Freddie Mac have proven far worse than most experts had foreseen. Fannie Mae's request Thursday, Nov. 5, 2009, will bring the tab for rescuing both companies to about $111 billion. The government has promised up to $400 billion in assistance. (AP Photo/Manuel Balce Ceneta, File)" border="0" /></a>AP - Can't pay the mortgage? You still might be able to stay in your home. Government-controlled mortgage company Fannie Mae is going to give borrowers on the verge of foreclosure the option of renting their homes for a year.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091105/ap_on_bi_ge/us_foreclosures_rentals"><img src="http://d.yimg.com/a/p/ap/20091106/capt.2c785b4714884ac98b5415cb9a3433e6.us_earns_fannie_mae_nybz201.jpg?x=130&y=78&q=85&sig=X9zxabzxouYwjnKff2.8qw--" align="left" height="78" width="130" alt="photo" title="FILE- In this July 11, 2008 file photo, a sign in front of the Fannie Mae headquarters in Washington is seen. Seized by federal regulators 14 months ago, the problems at Fannie Mae and sibling company Freddie Mac have proven far worse than most experts had foreseen. Fannie Mae's request Thursday, Nov. 5, 2009, will bring the tab for rescuing both companies to about $111 billion. The government has promised up to $400 billion in assistance. (AP Photo/Manuel Balce Ceneta, File)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091105/ap_on_bi_ge/us_citi_primerica_ipo ap/20091105/us_citi_primerica_ipo AP business Thu, 05 Nov 2009 23:16:45 GMT AP - Citigroup Inc. filed plans for an initial public offering of its Primerica Inc. life insurance unit late Thursday, and said it will sell the rest of the unit after it goes public. http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091105/ap_on_bi_ge/us_earns_roundup_fannie_mae ap/20091105/us_earns_roundup_fannie_mae AP business Thu, 05 Nov 2009 22:33:13 GMT AP - Among the earnings stories for Thursday, Nov. 5, from AP Financial News: http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20091105/bs_nm/us_usa_fed_discount nm/20091105/us_usa_fed_discount Reuters business Thu, 05 Nov 2009 22:32:01 GMT Reuters - The U.S. Federal Reserve's balance sheet grew slightly in the latest week on increased holdings of government and mortgage agency debt, Fed data showed on Thursday. http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091105/ap_on_bi_ge/us_of_mutual_interest__fund_fees ap/20091105/us_of_mutual_interest__fund_fees AP business Thu, 05 Nov 2009 22:07:36 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091105/ap_on_bi_ge/us_of_mutual_interest__fund_fees"><img src="http://d.yimg.com/a/p/ap/20091105/capt.cb9b92fc408e40f9b468ffccf896848f.of_mutual_interest_fund_fees_nybz135.jpg?x=130&y=80&q=85&sig=gyiXva.DBCXIjSp.0yar5Q--" align="left" height="80" width="130" alt="FILE - In this March 5, 2009 file photo, the Supreme Court Building is seen in Washington. After hearing arguments Monday, Nov. 2, 2009, the Supreme Court must decide whether to adopt a new standard to determine when mutual fund fees are excessive. (AP Photo/J. Scott Applewhite, file)" border="0" /></a>AP - The U.S. Supreme Court is taking a close look at a question individual investors have long asked about their mutual funds, but the courts have largely ignored: Why am I getting charged twice as much as big institutional clients?</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091105/ap_on_bi_ge/us_of_mutual_interest__fund_fees"><img src="http://d.yimg.com/a/p/ap/20091105/capt.cb9b92fc408e40f9b468ffccf896848f.of_mutual_interest_fund_fees_nybz135.jpg?x=130&y=80&q=85&sig=gyiXva.DBCXIjSp.0yar5Q--" align="left" height="80" width="130" alt="photo" title="FILE - In this March 5, 2009 file photo, the Supreme Court Building is seen in Washington. After hearing arguments Monday, Nov. 2, 2009, the Supreme Court must decide whether to adopt a new standard to determine when mutual fund fees are excessive. (AP Photo/J. Scott Applewhite, file)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091105/ap_on_bi_ge/us_mortgage_rates ap/20091105/us_mortgage_rates AP business Thu, 05 Nov 2009 19:40:24 GMT AP - Rates for 30-year home loans dipped below 5 percent this week after rising for three straight weeks. http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091105/ap_on_bi_ge/us_earns_omnicare ap/20091105/us_earns_omnicare AP business Thu, 05 Nov 2009 16:46:10 GMT AP - Omnicare Inc., which dispenses drugs to nursing homes and long-term care facilities, said Thursday its third-quarter profit rose 13 percent as lower costs and an income tax adjustment offset a dip in revenue. http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20091105/bs_nm/us_usa_mortgages_rates nm/20091105/us_usa_mortgages_rates Reuters business Thu, 05 Nov 2009 16:18:42 GMT Reuters - U.S. mortgage rates fell below 5 percent for the first time in three weeks, a key level that may boost home loan demand and help the hard-hit housing market recover, a closely watched mortgage survey showed Thursday. http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20091105/ap_on_bi_ge/us_supreme_court_foreclosure ap/20091105/us_supreme_court_foreclosure AP business Thu, 05 Nov 2009 13:11:37 GMT AP - Mediation would be a good way to expedite a flood of mortgage foreclosures, members of a foreclosure task force said Wednesday, but some disagreed on the details in oral arguments before the state Supreme Court.