The Dow Jones industrial average and the Standard & Poor's 500 index closed at record highs Monday as the market delivered its fourth gain in as many trading days.
Pharmaceutical and technology stocks were among the big risers, while shares in energy companies fell sharply as the decline in oil prices deepened. Discouraging data on U.S. home sales failed to derail the "Santa" rally, what traders often call a pre-Christmas advance.
2. Mortgage manager agrees to $2B deal over loan abuses - Friday, December 20, 2013
WASHINGTON (AP) — Ocwen Financial Corp. will reduce struggling borrowers' loan balances by $2 billion in an agreement with federal regulators and 49 states over foreclosure abuses.3. Top residential real estate transactions for August 2012 - Friday, September 28, 2012
August 2012 residential real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.
Chandler Reports has been publishing Real Estate Market Data since 1968. That year, Chandler began collecting residential sales information for the Chandler Residential Report, considered the authoritative source for residential real estate sales information. Over the next three decades, the publications have been continually refined, enhanced and expanded, growing to include lot sales data, new residential construction and absorption information, and commercial sales. In 1987, Chandler Reports began one of the first on–line real estate market data services in the country, and is a nationally recognized leader in the industry. In 2004, Chandler Reports was purchased by The Daily News Publishing Co. In 2007, Chandler introduced RegionPlus, including property research for Nashville and Middle Tennessee. Visit online at chandlerreports.com.4. US stocks fall after dimmer outlook from Fed - Friday, March 30, 2012
U.S. stocks and Treasury prices dropped Tuesday after Federal Reserve policymakers said they were worried about a slowdown in hiring and appeared to resist buying more bonds to help the economy.
The Dow Jones industrial average was down as much as 133 points after the Fed released minutes of the March meeting of its Open Market Committee, which sets interest rates and monetary policy. It had been down 45 points before the minutes were released.5. JPMorgan, BofA take heat for foreclosure program - Friday, September 02, 2011
WASHINGTON (AP) — Two of the nation's largest mortgage lenders are not doing enough to help Americans avoid foreclosure, the Obama administration said Thursday.
The Treasury Department said that Bank of America and JPMorgan Chase & Co. have done a poor job helping people permanently lower their mortgage payments as part of the government's signature foreclosure-prevention program. The lenders have rejected people who were eligible for mortgage modifications, Treasury said.6. Gov't faults 3 lenders over mortgage-aid efforts - Friday, June 03, 2011
WASHINGTON (AP) — The Obama administration is blaming the three largest U.S. mortgage lenders for the failures of its foreclosure-prevention program. It says they've done little to help people at risk of losing their homes.