Business : Personal Finance
AP - Mortgage rates mostly edged up last week as investors' fears about the economy eased.
FDIC's Bair warns of government "exposure" in mortgages (Reuters)Reuters - A key U.S. banking regulator raised concern on Wednesday about the risk of "exposure" the government is taking on in the mortgage market and urged more stringent standards for underwriting mortgages.
Financial crisis panel tells NV leaders to be bold (AP)
AP - From mortgage problems to education and budget issues, Nevada leaders on Wednesday delivered a sobering assessment of the state's future as a result of the Great Recession during seven hours of testimony before a federal panel investigating the country's financial meltdown.
AP - Consumer borrowing fell again in July as households cut back on their credit card use for a 23rd consecutive month, adding more drag on an economy struggling to mount a sustained rebound.
Bankers urge government to pull plug on Fannie, Freddie (Reuters)Reuters - The federal government should take mortgage finance giants Fannie Mae and Freddie Mac off life support sooner rather than later, the Mortgage Bankers Association urged on Wednesday.
Freddie Mac to issue new 5-year note due 2015 (AP)AP - Government sponsored mortgage buyer Freddie Mac said Wednesday it plans to issue new five-year notes due on Sept. 10, 2015.
Oppenheimer downgrades H&R Block to 'Perform' (AP)AP - Tax preparation company H&R Block has struggled for the last two tax seasons and faces uncertainty over the mortgages it still holds from its former lending operations, an Oppenheimer analyst said Wednesday.
What Great Chess Players Can Teach Investors (The Motley Fool)The Motley Fool - The constant iterative calculation of risk and reward required in every chess move translates well to the investing world. I thought it might be instructive to look at three chess world champions and see how their style matches up to various investment styles. Do you see your own style in any of these Grandmasters?
Summary Box: Mortgage lending falls 1.5 pct (AP)AP - MORTGAGE APPLICATIONS SLIP: Applications for home loans dipped last week as mortgage rates ticked up slightly from the lowest level in decades, according to the Mortgage Bankers Association.
Mortgage lending down 1.5 pct as rates inch up (AP)AP - Applications for home loans dipped last week as mortgage rates ticked up slightly from the lowest level in decades.
