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PNC paying $35M to resolve loan claims (access required)

WASHINGTON  — PNC Financial Services Group is paying $35 million to resolve government claims of discrimination in residential loans against a Cleveland-based bank that PNC bought in 2009. The agreement announced Monday by the Justice Department and the Consumer Financial ...

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5 ways Fed’s influence has expanded over 100 years (access required)

WASHINGTON  — The press called it an early Christmas present for President Woodrow Wilson: On Dec. 23, 1913, Congress passed legislation creating the Federal Reserve. Hours later, Wilson signed the Federal Reserve Act into law. No one at the White ...

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US mortgage applications tumble to a 13-year low (access required)

WASHINGTON — The number of Americans applying for mortgages has fallen 63 percent since a May peak, reflecting a cooling housing market and higher borrowing rates. The Mortgage Bankers Association says applications fell a seasonally adjusted 6.3 percent last week ...

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Vegas mortgage fraud scheme mastermind sentenced (access required)

LAS VEGAS — The mastermind of a Las Vegas mortgage fraud scheme has been sentenced to just over 11 years in prison. U.S. District Judge Gloria Navarro handed down the sentence Wednesday to 60-year-old Lloyd Gardley, who pleaded guilty in ...

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US economy expands at 4.1 percent rate (access required)

WASHINGTON — The U.S. economy grew at a solid 4.1 percent annual rate from July through September, the fastest pace since late 2011 and significantly higher than previously believed. Much of the upward revision came from stronger consumer spending. The ...

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