|Filed Under:||Business & Finance|
|Posts on Regator:||11650|
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|Archived Since:||March 9, 2008|
In the realm of mortgages backed by Fannie Mae and Freddie Mac, California tends to fall into two categories -- high-cost counties where eligible single-family home loans can't be higher than $625,500 (Los Angeles, Orange) or those with the standard limit of $417,000 limit (Riverside, San...
Muhammad Yunus, a 2006 Nobel Peace Prize laureate for pioneering the concept of lending to tiny businesses and entrepreneurs who are poor, swung through Los Angeles over the weekend to mark the official launch of his Grameen America microfinance organization in the city.
Democratic senators on Friday hammered a key regulator over reports of lax oversight of large Wall Street banks that they said posed a risk to the financial system and broader economy.
The California unemployment rate held steady at 7.3% in October, even as the state generated the largest increase in jobs in the nation.
Orange County-based Corinthian Colleges Inc. said Thursday that it has agreed to sell off 56 campuses for $24 million to a nonprofit entity that collects student loan debt on behalf of the federal government.
Fixed mortgage rates edged lower this week, with Freddie Mac’s survey of lenders showing an average of just below 4% for 30-year fixed home loans.
The prices Americans paid for household staples were unchanged last month as falling gasoline and energy costs kept inflation low, the Labor Department said Thursday.
Japan's unexpected fall into recession — the latest stumble for its long-struggling economy — poses another obstacle to the U.S. recovery and demonstrates the problems many key nations still are having regaining their economic footing after the Great Recession.
The bad news: Los Angeles County is the second-least affordable housing market in the country for a middle-class family.
At P & Young Apparel Inc. in the Los Angeles garment district, the clock keeping tabs on sewing workers' hours was regularly unplugged.
Retail sales bounced back last month after a disappointing September drop, providing positive consumer-spending momentum heading into the holiday shopping season.
Underscoring a persistent complaint about Obamacare coverage, a California regulator found that two major health insurers violated state law and significantly overstated the availability of doctors on their new health-law policies.
With his nation in an unexpected recession, Japanese Prime Minister Shinzo Abe on Tuesday called early parliamentary elections to seek public backing for a delay in a scheduled tax increase that could worsen economic conditions.
Bob Marley brought reggae mainstream. Now his family hopes he can also hawk premium marijuana to the masses.
As President Obama and other world leaders arrive Saturday in Brisbane, Australia, for the annual G-20 summit, they will face a daunting challenge: steering a global economy that has seen most of its major players slowing down.
Maybe, just maybe, there are limits to what people will pay to live near San Francisco Bay.
Lenders were offering 30-year fixed mortgages to solid borrowers this week at an average of 4.01%, a Freddie Mac survey found, down a hair from 4.02% last week.
A top Federal Reserve policymaker said Thursday the economy still isn't strong enough to handle an increase in interest rates, but he expressed hope that will change sometime next year.
U.S. and China negotiators agreed to eliminate tariffs on technology products such as calculators, semiconductors, medical equipment and cash registers in a wide-ranging deal that backers say could generate up to $1 trillion in additional trade yearly.
For months, contract negotiations between a powerful union and multinational shipping lines progressed amicably in public, even though roughly 20,000 West Coast dockworkers labored without a contract.