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    Personal Finance Headlines
    Wall St ends flat as energy gains offset sentiment (Reuters)

    Traders work on the floor of the New York Stock Exchange, April 29, 2008. (Brendan McDermid/Reuters)Reuters - Stocks finished little changed on Friday as surging oil prices lifted energy shares and offset data that showed consumer confidence sank to its lowest in 28 years.


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    Fri, 16 May 2008 20:49:15 GMT - Yahoo! News: Personal Finance News
    Stocks pare losses to finish mixed after oil spikes (AP)

    Traders work on the floor of the New York Stock Exchange, April 29, 2008. (Brendan McDermid/Reuters)AP - Wall Street capped a week of big gains with modest moves Friday as investors grappled with surging energy prices that overshadowed news of a surprise increase in home construction.


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    Fri, 16 May 2008 22:00:19 GMT - Yahoo! News: Personal Finance News
    AOL sheds its brand to draw specialty audiences (AP)

    The AOL Running Man logo decorates a coffee mug in AOL's New York office on Monday, May 12, 2008. A company rooted in bringing the Internet to the masses, AOL is shifting its focus toward serving niche audiences with the launch of dozens of specialty Web sites. (AP Photo/Mark Lennihan)AP - Unless you're looking carefully, you'll likely miss the fact that the new Asylum Web site for young men is a creation of Time Warner Inc.'s AOL. Same for WalletPop on personal finance, Spinner on indie music and StyleList on fashion.


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    Fri, 16 May 2008 18:56:39 GMT - Yahoo! News: Personal Finance News
    Fannie Mae scraps higher downpayment requirements (AP)
    AP - Fannie Mae is doing away with higher minimum down-payment requirements for borrowers in parts of the country where home prices are dropping. -- read full article
    Fri, 16 May 2008 20:48:45 GMT - Yahoo! News: Personal Finance News
    Consumers' mood as grim as early-80s (Reuters)

    Consumer sentiment plunged in May to the lowest since June 1980 thanks largely to soaring food and fuel prices, according to the latest (University of Michigan survey of consumers. REUTERS/Graphics/Reuters)Reuters - U.S. consumer confidence tumbled to a 28-year low this month as rising prices strained household finances, while another drop in single-family housing starts underscored problems still plaguing the economy.


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    Fri, 16 May 2008 20:59:31 GMT - Yahoo! News: Personal Finance News
    Fannie Mae relaxes loan down-payment requirements (Reuters)

    The headquarters of mortgage lender Fannie Mae is shown in northwest Washington October 3, 2006. (Jason Reed/Reuters)Reuters - Fannie Mae, the largest U.S. home funding source, is setting a single national standard for down payments on mortgages it buys, including areas where home prices are falling, in an effort to stimulate the housing market.


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    Fri, 16 May 2008 21:12:40 GMT - Yahoo! News: Personal Finance News
    Summer may bring a turning point for stock market (AP)

    In this photo released by the New York Stock Exchange Euronext, members of the 90's vocal group 'New Kids on the Block' ring the closing bell at the exchange Thursday, May 15, 2008 in New York. From left are Jordan Knight; Donnie Wahlberg; Jonathan Knight; Joey McIntyre and Danny Wood. (AP Photo/NYSE Euronext, Mel Nudelman)AP - After nine months of turmoil that started with the collapse of the subprime mortgage market, Wall Street appears to be at a turning point of sorts.


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    Sat, 17 May 2008 07:57:44 GMT - Yahoo! News: Personal Finance News
    Bernanke: Banks must get better at foreseeing risk (AP)
    AP - Commercial banks and other financial institutions need to beef up their ability to detect and protect themselves against risks like the credit and mortgage debacles, Federal Reserve Chairman Ben Bernanke said Thursday. -- read full article
    Thu, 15 May 2008 15:36:27 GMT - Yahoo! News: Personal Finance News
    Rates on 30-year mortgages fall to lowest point in a month (AP)

    Inez Figueroa, of the New York City Comptrollers Office, left, speaks during a workshop called 'The Housing Crisis: How it Affects You, How it Affects our Neighborhood' Sunday, April 20, 2008 in a church gymnasium in the Queens borough of New York.  The program, sponsored by the Roman Catholic Diocese of Brooklyn, which includes the boroughs of Brooklyn and Queens, helps teach people how to spot predatory lenders and how to refinance sub-prime mortgages that are in danger of foreclosure. (AP Photo/Tina Fineberg)AP - Rates on 30-year mortgages edged down this week to their lowest point in a month, a spot of welcome news to would-be home buyers.


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    Thu, 15 May 2008 17:39:33 GMT - Yahoo! News: Personal Finance News
    Stocks rise on oil price drop, mixed economic data (AP)

    Traders work on the floor of the New York Stock Exchange, April 29, 2008. (Brendan McDermid/Reuters)AP - The stock market notched its second straight daily advance Thursday, with investors assuaged by a pullback in oil prices and some better-than-expected economic data.


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    Thu, 15 May 2008 21:33:08 GMT - Yahoo! News: Personal Finance News
    IRS says up to 350,000 didn't get child credit (AP)
    AP - As many as 350,000 households are not getting the $300 per child refund owed as part of economic stimulus rebate payments, the Internal Revenue Service said Thursday. -- read full article
    Thu, 15 May 2008 22:28:12 GMT - Yahoo! News: Personal Finance News
    Senators reach deal on housing rescue: sources (Reuters)

    Democratic presidential hopeful Senator Christopher Dodd (D-CT) speaks to supporters during a campaign rally stop at the Pella town hall in Pella, Iowa December 5, 2007. (Carlos Barria/Reuters)Reuters - Leaders of the Senate Banking Committee on Thursday reached a deal on a broad housing rescue plan in which Fannie Mae and Freddie Mac would support a federal mortgage insurance fund, two industry sources said.


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    Thu, 15 May 2008 23:22:01 GMT - Yahoo! News: Personal Finance News
    SMFG posts big rebound, forecasts modest growth (Reuters)
    Reuters - Sumitomo Mitsui Financial Group (8316.T) reported a threefold increase in fourth-quarter profit, rebounding from massive losses at its consumer finance unit a year earlier, and it forecast modest growth ahead. -- read full article
    Fri, 16 May 2008 08:55:09 GMT - Yahoo! News: Personal Finance News
    Fannie to change down payment policy: report (Reuters)

    The headquarters of mortgage lender Fannie Mae is shown in northwest Washington October 3, 2006. (Jason Reed/Reuters)Reuters - Fannie Mae is expected to announce on Friday that it is getting rid of a policy that requires higher down payments on home mortgages in areas where home prices are dipping, the Wall Street Journal reported.


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    Fri, 16 May 2008 10:50:22 GMT - Yahoo! News: Personal Finance News
    US foreclosure filings surge 65 percent in April (AP)

    A foreclosure sign stands outside an existing home on the market in Denver on Friday, May 9, 2008. More U.S. homeowners fell behind on mortgage payments last month, driving the number of homes facing foreclosure up 65 percent Wednesday, May 14, 2008, versus the same month last year and contributing to a deepening slide in home values. (AP Photo/David Zalubowski)AP - More U.S. homeowners fell behind on mortgage payments last month, driving the number of homes facing foreclosure up 65 percent versus the same month last year and contributing to a deepening slide in home values, a research company said Tuesday.


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    Wed, 14 May 2008 16:30:20 GMT - Yahoo! News: Personal Finance News
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