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Author Archives: The Associated Press

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Rules on bank risk in mortgage bonds being adopted (access required)

WASHINGTON  — Federal regulators are proceeding with new rules that ease guidelines for banks selling mortgage securities and could mean fewer borrowers will need to make hefty down payments. The Securities and Exchange Commission voted 3-2 Wednesday to adopt the ...

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Hearing scheduled on NC homeowners insurance rates (access required)

RALEIGH — North Carolina’s insurance commissioner is holding a hearing on a request from companies that want to increase homeowner insurance prices by an average of more than 25 percent in January. Insurance Commissioner Wayne Goodwin will hold the hearing Monday in Raleigh. ...

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