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Fannie Mae files suit against nine banks

Fannie Mae files suit against nine banks

NEW YORK, Oct. 31 (UPI) -- The Federal National Mortgage Association, known as Fannie Mae, sued nine banks Thursday for manipulating a key benchmark lending rate.
Senate Republicans block two Obama nominees

Senate Republicans block two Obama nominees

WASHINGTON, Oct. 31 (UPI) -- Senate Republicans Thursday killed efforts to end filibusters blocking debate on President Barack Obama's nominees for a cabinet post and a federal judgeship.

Commentary: Costly greed

WASHINGTON, Oct. 28 (UPI) -- Wall Street greed coupled with dire online warnings of financial disasters to come paint a grim picture of the state of democratic capitalism.
ARNAUD DE BORCHGRAVE, UPI Editor at Large
JPMorgan Chase reaches $5.1 billion agreement with FHFA

JPMorgan Chase reaches $5.1 billion agreement with FHFA

NEW YORK, Oct. 26 (UPI) -- U.S. financial giant JPMorgan Chase said it agreed to pay $4 billion to resolve litigation issues with the Federal Housing Finance Agency.
Jury finds Bank of America guilty of loan fraud

Jury finds Bank of America guilty of loan fraud

NEW YORK, Oct. 23 (UPI) -- A Manhattan jury found Bank of America guilty of fraud by purchasing Countywide Financial, which, in 2007, rushed to sell loans to national mortgage brokers.
Home prices up slightly in August

Home prices up slightly in August

WASHINGTON, Oct. 23 (UPI) -- The U.S. Federal Housing Finance Agency's House Price Index rose 0.3 percent in August with prices now higher for 19 consecutive months, the agency said.

Report: JPM, Justice Dept. reach $13B settlement

WASHINGTON, Oct. 19 (UPI) -- JPMorgan Chase & Co. has tentatively agreed to pay $13 billion to settle civil complaints in its mortgage securities business, U.S. officials said.

JPMorgan Chase could face fine of $11 billion or more

WASHINGTON, Sept. 27 (UPI) -- A Department of Justice settlement with JPMorgan Chase could result in a fine of more than $11 billion, sources told The Wall Street Journal.

June to July, home prices rise

WASHINGTON, Sept. 24 (UPI) -- Home prices rose from June to July, a government agency and a private firm reported Tuesday.

The almanac

UPI Almanac for Tuesday, Sept. 24, 2013.
By United Press International

Easy money is narcotic

COLLEGE PARK, Md., Sept. 20 (UPI) -- Easy money is a painkiller, not a cure.
PETER MORICI, UPI Outside View Commentator

JPMorgan Chase to pay more than $700 million fine over trading losses

NEW YORK, Sept. 16 (UPI) -- Authorities are prepared to fine U.S. bank JPMorgan Chase more than $700 million in response to $6 billion in trading losses, sources told The New York Times.

Hank Paulson: Recession could have been worse

WASHINGTON, Sept. 15 (UPI) -- Former Treasury Secretary Hank Paulson said Sunday the financial crisis in 2008 could have been as bad as the Great Depression.

Second quarter GDP revised higher

WASHINGTON, Aug. 29 (UPI) -- The U.S. economy grew at an annual rate of 2.5 percent in the second quarter of 2013, the Commerce Department said Thursday in the second of three estimates.

U.S. home prices rose in second quarter

WASHINGTON, Aug. 22 (UPI) -- Rising prices drove the U.S. Federal Housing Finance Agency House Price Index up 2.1 percent in the second quarter of 2013, its eighth straight quarterly gain.
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