WASHINGTON — Federal regulators are proposing that the eight biggest U.S. banks be required to further increase the amount of capital they set aside to cushion against unexpected losses. The proposed requirements are aimed at lessening the chances of future ...Read More »
WASHINGTON — Ahead of Congress’ midnight Thursday deadline, snags caused by policy differences are holding up a $1.1 trillion, government-wide spending bill, with efforts to relax new regulations on some risky financial products the prime culprit. The massive measure is ...Read More »
WASHINGTON — Some Americans will soon be able to buy a home with a down payment as low as 3 percent, compared with the current minimum of 5 percent, the mortgage giants Fannie Mae and Freddie Mac say. The new ...Read More »
WASHINGTON — A burst of U.S. hiring in November — the most in nearly three years — added 321,000 jobs and provided the latest evidence that the United States is outperforming other economies throughout the developed world. In addition, the ...Read More »
CLEMSON, S.C. — Students and professors at Clemson University have designed a home where they say a family of four can live comfortably in the South using local materials and having almost no impact on the environment. The home is ...Read More »
WASHINGTON — Average U.S. long-term mortgage rates fell for the fourth straight week, a continuing boon for potential homebuyers. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage declined to 3.89 percent this week from 3.97 ...
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WASHINGTON — Newly built homes and schools boosted U.S. construction spending in October to the highest level since May. The Commerce Department said Tuesday that construction spending rose 1.1 percent in October, after having slipped 0.1 percent in September. Fueling ...Read More »