Copyright (c) 2012 Yahoo! Inc. All rights reserved. http://news.yahoo.com/business/personal-finance business Personal Finance News en-us Mon, 13 Feb 2012 22:37:39 GMT 5 142 18 http://news.yahoo.com/business/personal-finance http://l.yimg.com/a/i/us/nws/th/main_142c.gif http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20120213/ap_on_bi_ge/us_bear_stearns_settlement ap/20120213/us_bear_stearns_settlement AP business Mon, 13 Feb 2012 22:37:39 GMT AP - Two former Bear Stearns executives reached settlements Monday with federal regulators over civil charges they mislead investors about risky mortgage securities when the housing market was collapsing. http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20120213/bs_nm/us_bearstearns_fundmanagers nm/20120213/us_bearstearns_fundmanagers Reuters business Mon, 13 Feb 2012 19:53:20 GMT Reuters - Two former Bear Stearns fund managers, who were acquitted of criminal charges over the demise of their mortgage-laden hedge funds, agreed on Monday to pay more than $1 million to resolve a civil lawsuit brought by market regulators. http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20120213/bs_nm/us_aig nm/20120213/us_aig Reuters business Mon, 13 Feb 2012 14:14:57 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20120213/bs_nm/us_aig"><img src="http://d.yimg.com/a/p/net/20091030/capt.5aa7f4495c5aaa61cfb3909f832bb9de.jpeg?x=122&y=130&q=85&sig=EljvSdUCn9cxueSPqSunhA--" align="left" height="130" width="122" alt="Rep. Thaddeus McCotter, R-Mich., questions AIG Chairman Edward Liddy during a hearing before the House Financial Services Subcommittee on Capitol Markets, Insurance and Government Sponsored Enterprises on Capitol Hill in Washington, March 18, 2009. (AP Photo/J. Scott Applewhite)" border="0" /></a>Reuters - For the second time in less than a year, the Securities and Exchange Commission has pressed bailed-out insurer American International Group to provide more disclosures in its quarterly reports, this time on guaranteed interest rates in its life insurance business.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20120213/bs_nm/us_aig"><img src="http://d.yimg.com/a/p/net/20091030/capt.5aa7f4495c5aaa61cfb3909f832bb9de.jpeg?x=122&y=130&q=85&sig=EljvSdUCn9cxueSPqSunhA--" align="left" height="130" width="122" alt="photo" title="Rep. Thaddeus McCotter, R-Mich., questions AIG Chairman Edward Liddy during a hearing before the House Financial Services Subcommittee on Capitol Markets, Insurance and Government Sponsored Enterprises on Capitol Hill in Washington, March 18, 2009. (AP Photo/J. Scott Applewhite)" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20120213/bs_nm/us_usa_housing_ads nm/20120213/us_usa_housing_ads Reuters business Mon, 13 Feb 2012 00:06:36 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20120213/bs_nm/us_usa_housing_ads"><img src="http://d.yimg.com/a/p/rids/20120213/i/r3814869604.jpg?x=130&y=86&q=85&sig=X4YVYlGlTQPSByGzcpSaTQ--" align="left" height="86" width="130" alt="Sarah Hostetler (C) and her parents Beth and Scott pose in front of their home in Buena Park, California, February 11, 2012. REUTERS/Josh Edelson" border="0" /></a>Reuters - When they saw the house on El Dorado Drive in this Los Angeles suburb being painted a startling orange and green and giant billboards hung on the outside, Scott and Beth Hostetler's neighbors were initially angry and confused. Some even considered calling the police.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20120213/bs_nm/us_usa_housing_ads"><img src="http://d.yimg.com/a/p/rids/20120213/i/r3814869604.jpg?x=130&y=86&q=85&sig=X4YVYlGlTQPSByGzcpSaTQ--" align="left" height="86" width="130" alt="photo" title="Sarah Hostetler (C) and her parents Beth and Scott pose in front of their home in Buena Park, California, February 11, 2012. REUTERS/Josh Edelson" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ac/20120210/bs_ac/10947300_boy_saves_grandmas_house_makes_happy_news ac/20120210/10947300_boy_saves_grandmas_house_makes_happy_news ContributorNetwork business Fri, 10 Feb 2012 21:20:51 GMT ContributorNetwork - According to The Week, a 12-year-old boy in Wisconsin has saved his grandmother's house from foreclosure. A youth with a history of community service, Noah Lamaide created a website to highlight his projects. In January, he edited his site to highlight the plight of his grandmother, who fell behind on mortgage payments after medical complications. Donations poured in, saving the home. http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20120210/ap_on_bi_co_ne/us_of_mutual_interest_money_funds ap/20120210/us_of_mutual_interest_money_funds AP business Fri, 10 Feb 2012 21:03:43 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20120210/ap_on_bi_co_ne/us_of_mutual_interest_money_funds"><img src="http://d.yimg.com/a/p/ap/20120209/capt.0c97a8ec34dc461d9bd8d5eb4c50c33e-0c97a8ec34dc461d9bd8d5eb4c50c33e-0.jpg?x=130&y=90&q=85&sig=Z0F1kPdlv4lXOO0edM_wGw--" align="left" height="90" width="130" alt="FILE - In this Dec. 6, 2011 file photo, SEC Chair Mary Schapiro testifies on Capitol Hill in Washington, before the Senate Banking Committee hearing on the implementation of the Wall Street reform act. The Securities and Exchange Commission staff is drafting proposals that Schapiro says are needed to safeguard the industry and the investing public before the next financial crisis. It’s an attempt to fix weaknesses exposed when a large money fund collapsed in 2008, creating a scare that led the government to temporarily guarantee money fund assets. (AP Photo/Evan Vucci, File)" border="0" /></a>AP - A fight is breaking out between the money-market mutual fund industry and federal regulators. Whatever the outcome, investors will question whether they can continue to rely on money funds as a safe place to keep cash readily accessible.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20120210/ap_on_bi_co_ne/us_of_mutual_interest_money_funds"><img src="http://d.yimg.com/a/p/ap/20120209/capt.0c97a8ec34dc461d9bd8d5eb4c50c33e-0c97a8ec34dc461d9bd8d5eb4c50c33e-0.jpg?x=130&y=90&q=85&sig=Z0F1kPdlv4lXOO0edM_wGw--" align="left" height="90" width="130" alt="photo" title="FILE - In this Dec. 6, 2011 file photo, SEC Chair Mary Schapiro testifies on Capitol Hill in Washington, before the Senate Banking Committee hearing on the implementation of the Wall Street reform act. The Securities and Exchange Commission staff is drafting proposals that Schapiro says are needed to safeguard the industry and the investing public before the next financial crisis. It’s an attempt to fix weaknesses exposed when a large money fund collapsed in 2008, creating a scare that led the government to temporarily guarantee money fund assets. (AP Photo/Evan Vucci, File)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20120210/ap_on_bi_ge/us_budget_deficit ap/20120210/us_budget_deficit AP business Fri, 10 Feb 2012 22:21:09 GMT AP - The federal deficit was lower through the first four months of the budget year than the same period last year. Still, the deficit is expected to top $1 trillion for the fourth year in a row, putting more pressure on Congress and President Barack Obama in an election year. http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20120210/bs_nm/us_usa_economy nm/20120210/us_usa_economy Reuters business Fri, 10 Feb 2012 19:10:06 GMT Reuters - Americans felt worse about their personal finances in early February, but rising confidence in the labor market's prospects should help to support spending and the broader economy. http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20120210/bs_nm/us_economy_sentiment nm/20120210/us_economy_sentiment Reuters business Fri, 10 Feb 2012 16:01:21 GMT Reuters - Americans felt worse about their personal finances in early February, even as they saw a light at the end of the tunnel for the jobs market, a survey released on Friday showed. http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20120210/ap_on_bi_ge/us_hawaii_mortgage_settlement_hawaii ap/20120210/us_hawaii_mortgage_settlement_hawaii AP business Fri, 10 Feb 2012 15:18:47 GMT AP - Hawaii has joined what's being called a landmark $25 billion federal-state agreement with the nation's five biggest mortgage servicers. http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/fool/20120210/bs_fool_fool/rx181096 fool/20120210/rx181096 The Motley Fool business Fri, 10 Feb 2012 15:09:21 GMT The Motley Fool - BE Aerospace (Nasdaq: BEAV - News), supplier of aircraft interiors, consistently posted high growth numbers all through 2011. Its bottom line in the first three quarters of 2011 grew by 49%, 47%, and 59%, respectively. In its latest quarter, BE Aerospace's income rose by a staggering 84% compared to last year. http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20120210/ap_on_bi_ge/us_mortgage_settlement_west_virginia ap/20120210/us_mortgage_settlement_west_virginia AP business Fri, 10 Feb 2012 14:30:19 GMT AP - A settlement between mortgage lenders and states over foreclosure abuses includes nearly $34 million for West Virginia. http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20120210/bs_nm/us_mortgage_settlement_homeowners nm/20120210/us_mortgage_settlement_homeowners Reuters business Fri, 10 Feb 2012 05:12:48 GMT Reuters - Crystal Morello's family pleaded for months with their lender for a cheaper mortgage on their family home in Belleville, Michigan. But time ran out last summer, and they left before they were evicted. http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20120210/ap_on_bi_ge/us_mortgage_settlement ap/20120210/us_mortgage_settlement AP business Fri, 10 Feb 2012 05:09:46 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20120210/ap_on_bi_ge/us_mortgage_settlement"><img src="http://d.yimg.com/a/p/ap/20120209/capt.92f1883701dc4e87936a26409cb46b80-92f1883701dc4e87936a26409cb46b80-0.jpg?x=130&y=83&q=85&sig=xwUO.zo7jwlJztGCx1_F6w--" align="left" height="83" width="130" alt="Attorney General Eric Holder, center, accompanied by Housing and Urban Development (HUD) Secretary Shaun Donovan, right, Iowa Attorney General Tom Miller, and other federal and state officials announces a settlement regarding mortgage loan servicing and foreclosure abuse, Thursday, Feb. 9, 2012, at the Justice Department in Washington. (AP Photo/Cliff Owen)" border="0" /></a>AP - A landmark $25 billion settlement with the nation's top mortgage lenders was hailed by government officials Thursday as long-overdue relief for victims of foreclosure abuses. But consumer advocates countered that far too few people will benefit.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20120210/ap_on_bi_ge/us_mortgage_settlement"><img src="http://d.yimg.com/a/p/ap/20120209/capt.92f1883701dc4e87936a26409cb46b80-92f1883701dc4e87936a26409cb46b80-0.jpg?x=130&y=83&q=85&sig=xwUO.zo7jwlJztGCx1_F6w--" align="left" height="83" width="130" alt="photo" title="Attorney General Eric Holder, center, accompanied by Housing and Urban Development (HUD) Secretary Shaun Donovan, right, Iowa Attorney General Tom Miller, and other federal and state officials announces a settlement regarding mortgage loan servicing and foreclosure abuse, Thursday, Feb. 9, 2012, at the Justice Department in Washington. (AP Photo/Cliff Owen)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20120209/ap_on_bi_ge/us_mortgage_settlement_q_a ap/20120209/us_mortgage_settlement_q_a AP business Thu, 09 Feb 2012 22:26:04 GMT AP - The mortgage settlement that government officials announced Thursday is intended to help victims of foreclosure abuses that followed the housing bust. http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ac/20120209/bs_ac/10946052_illinois_to_receive_1_billion_in_multistate_mortgage_settlement ac/20120209/10946052_illinois_to_receive_1_billion_in_multistate_mortgage_settlement ContributorNetwork business Thu, 09 Feb 2012 22:06:39 GMT ContributorNetwork - According to the Associated Press, Illinois Attorney General Lisa Madigan announced Illinois would receive about $1 billion in a settlement involving five of the biggest mortgage lenders. The settlement involves numerous other states, which are to receive $25 billion from Ally Financial, Bank of America, Citigroup, JPMorgan Chase and Wells Fargo. http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20120209/ap_on_bi_ge/us_mortgage_rates_glance ap/20120209/us_mortgage_rates_glance AP business Thu, 09 Feb 2012 21:47:32 GMT AP - Mortgage rates for the past 52 weeks, at a glance http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20120209/ap_on_bi_ge/us_mortgage_settlement_timeline ap/20120209/us_mortgage_settlement_timeline AP business Thu, 09 Feb 2012 21:34:06 GMT AP - On Thursday, 49 states reached a $25 billion deal with the nation's biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst. http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20120209/ap_on_bi_ge/us_mortgage_rates ap/20120209/us_mortgage_rates AP business Thu, 09 Feb 2012 21:32:47 GMT AP - The average rate on the 30-year fixed mortgage stayed at a record low this week, providing some added incentive for those looking to buy a home or refinance. http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20120209/bs_nm/us_financial_regulation_occ nm/20120209/us_financial_regulation_occ Reuters business Thu, 09 Feb 2012 20:23:08 GMT Reuters - The Federal Reserve announced on Thursday it has reached an agreement with five U.S. banks on penalties totaling $766.5 million over problems in their mortgage servicing businesses as part of a larger $25 billion foreclosure deal struck between the banks and state and federal agencies.