| NY AG announces probe of life insurance industry
(AP) |
AP - New York Attorney General Andrew Cuomo says his office has opened a fraud investigation into the life insurance industry. |
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| MetLife posts Q2 earnings of $1.5 billion, beating Street
(Reuters) |
Reuters - MetLife Inc , the biggest U.S. life insurance company, posted a second-quarter profit of $1.53 billion, helped by higher premium revenue from sales domestically and abroad. |
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| Florida mortgage firm settles federal charges
(AP) |
AP - Federal regulators say a Florida company they accused of misleading borrowers who were seeking to avoid foreclosure has agreed to repay the consumers $2.4 million to settle those charges. |
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| PMI Group narrows loss, but shares tumble
(AP) |
AP - PMI Group Inc. on Thursday reported a nearly $151 million loss, narrower than a year ago but far wider than Wall Street expected. Shares of the mortgage insurer tumbled nearly 15 percent. |
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| Congress to try to recoup Fannie, Freddie costs
(AP) |
AP - Lawmakers plan to study ways to get back some of the $145 billion the government has pumped into giant mortgage buyers Fannie Mae and Freddie Mac. |
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| Summary Box: Mortgage rates hit low of 4.54 pct.
(AP) |
AP - RATES KEEP FALLING: Mortgage company Freddie Mac said the average rate for 30-year fixed loans this week was 4.54 percent, down from 4.56 last week. |
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| Mortgage rates hit low of 4.54 percent
(AP) |
 AP - Mortgage rates are the most affordable in decades for those who can qualify for a loan.
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| Citigroup settles charges over misleading investors
(AFP) |
 AFP - US bank Citigroup agreed Thursday to pay a 75-million-dollar fine to settle charges it misled investors about exposure to subprime mortgage-related assets, the Securities and Exchange Commission said.
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| (AP) |
AP - Mortgage rates drop to 4.54 pct., hitting lowest level on record for fifth time in six weeks. |
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| Mortgage lenders must register in database
(AP) |
AP - Loan officers at banks will be required to provide their names and fingerprints to a national database as part of an effort to crack down on shady operators who fed the real estate bubble. |
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| Treasury says latest mortgage-aid report flawed
(AP) |
AP - The Obama administration is revising the latest report on its troubled mortgage-relief program, and the changes are likely to show a greater number of borrowers facing foreclosure after having their loans modified. |
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| Goldman and Citigroup to sell $788.5 million CMBS
(Reuters) |
Reuters - Goldman Sachs Group Inc and Citigroup Inc will sell a $788.5 million commercial mortgage-backed security, according to a term sheet sent to investors, in the largest deal of its kind since volume began crawling back after the financial crisis. |
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