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    Personal Finance Headlines
    Dow ends up 152 on decline in oil, Bernanke talk (AP)

    Trader Michael Capolino, right, talks on his mobile phone as he works on the floor of the New York Stock Exchange, Thursday July 3, 2008. Stocks fluctuated in volatile trading Thursday after a private research group reported that the nation's services sector contracted last month and as investors absorbed a mostly tame report on employment. (AP Photo/Richard Drew)AP - Wall Street finished sharply higher Tuesday as oil prices dropped for the second straight day and investors were encouraged by the possibility of more help for the ailing financial system. The Dow Jones industrials gained more than 150 points, and all the major indexes were up more than 1 percent.


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    Tue, 08 Jul 2008 22:15:27 GMT - Yahoo! News: Personal Finance News
    Fed plans new rules to protect future homebuyers (AP)

    Federal Reserve Chairman Ben Bernanke delivers remarks at the FDIC Forum on Mortgage Lending for Low and Moderate Income Households, Tuesday, July 8, 2008, in Arlington, Va. (AP Photo/Luis M. Alvarez)AP - The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs.


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    Tue, 08 Jul 2008 20:47:16 GMT - Yahoo! News: Personal Finance News
    Ka-ching! Consumers borrow mostly on credit cards (AP)
    AP - Consumers boosted their borrowing in May, mostly reflecting heavy credit card use to finance their purchases. -- read full article
    Tue, 08 Jul 2008 19:55:27 GMT - Yahoo! News: Personal Finance News
    Fannie, Freddie rise after dive a day earlier (AP)
    AP - Shares of mortgage financiers Fannie Mae and Freddie Mac bounced back Tuesday, a day after plunging over worries the pair might need billions of dollars in new capital if a new accounting rule is put into effect. -- read full article
    Tue, 08 Jul 2008 20:58:22 GMT - Yahoo! News: Personal Finance News
    IndyMac depositors pull cash as mortgage woes grow (Reuters)

    A man walks past an IndyMac Bank branch office at the company's corporate headquarters in Pasadena, California July 8, 2008. . (Danny Moloshok/Reuters)Reuters - Mortgage lender IndyMac Bancorp Inc said on Tuesday depositors had been withdrawing cash at an "elevated" pace since a key U.S. senator questioned its ability to survive the housing crisis.


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    Tue, 08 Jul 2008 23:46:47 GMT - Yahoo! News: Personal Finance News
    Stocks rise modestly on oil decline, Bernanke talk (AP)

    Elizabeth Millea of Bear Wagner Specialists looks at an overhead monitor from the floor of the New York Stock Exchange, Tuesday, July 8, 2008 in New York. Wall Street fluctuated Tuesday, with investors still jittery about the nation's ailing financial system but relieved to hear Federal Reserve chairman Ben Bernanke say the central bank might extend its lending efforts to investment banks. (AP Photo/Henny Ray Abrams)AP - Wall Street struggled to notch a gain Tuesday amid sinking oil prices, with investors still jittery about the ailing financial system and weak economy ahead of second-quarter earnings.


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    Tue, 08 Jul 2008 18:32:12 GMT - Yahoo! News: Personal Finance News
    Fannie, Freddie shares gain after OFHEO comments (Reuters)

    A man walks out of the headquarters of Freddie Mac in a file photo. Fannie Mae and Freddie Mac shares plunged to their lowest in nearly 16 years on Monday while costs to insure their debt against default rose on concern the two largest U.S. mortgage funders may need to raise vastly more capital amid larger-than-expected losses. (William Philpott/Reuters)Reuters - Shares of Fannie Mae and Freddie Mac , the two largest providers of U.S. mortgage finance, rose after their regulator said on Tuesday that they should have adequate returns to raise capital.


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    Tue, 08 Jul 2008 13:05:14 GMT - Yahoo! News: Personal Finance News
    Fed plans new rules to protect future homebuyers (AP)

    Federal Reserve Chairman Ben Bernanke delivers remarks at the FDIC Forum on Mortgage Lending for Low and Moderate Income Households, Tuesday, July 8, 2008, in Arlington, Va. (AP Photo/Luis M. Alvarez)AP - The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs.


    -- read full article
    Tue, 08 Jul 2008 17:12:00 GMT - Yahoo! News: Personal Finance News
    SEC finds shortcomings in credit raters (Reuters)
    Reuters - Credit rating agencies did not properly manage their conflicts of interests when assigning ratings to structured products such as mortgage-backed securities, a report by the U.S. Securities and Exchange Commission said on Tuesday. -- read full article
    Tue, 08 Jul 2008 17:30:20 GMT - Yahoo! News: Personal Finance News
    Fannie, Freddie rise after dive a day earlier (AP)
    AP - Shares of mortgage financiers Fannie Mae and Freddie Mac bounced back Tuesday, a day after plunging over worries the pair might need billions of dollars in new capital if a new accounting rule is put into effect. -- read full article
    Tue, 08 Jul 2008 18:44:16 GMT - Yahoo! News: Personal Finance News
    Struggling IndyMac says depositors pulling cash (Reuters)

    Mailing envelopes and mortgage statements from IndyMac Bank are seen in Los Angeles July 8, 2008. (Danny Moloshok/Reuters)Reuters - IndyMac Bancorp Inc on Tuesday said depositors were withdrawing cash at an "elevated" pace after a prominent U.S. senator recently questioned the big mortgage lender's ability to survive the U.S. housing crisis.


    -- read full article
    Tue, 08 Jul 2008 18:55:52 GMT - Yahoo! News: Personal Finance News
    ALL BUSINESS: Wall Street CEOs should return pay (AP)
    AP - If Wall Street CEOs really want to revive their credibility, they should return the bloated bonuses they got when they made what eventually turned into wrongheaded bets on the mortgage market. -- read full article
    Tue, 08 Jul 2008 19:00:22 GMT - Yahoo! News: Personal Finance News
    Treasuries move higher on concerns about economy (AP)
    AP - Treasury bonds rose Monday as investors fled the stock market amid growing concerns about the financial sector. A Federal Reserve official warned that financial companies' problems might worsen, and a Wall Street analyst raised questions about government lenders Freddie Mac and Fannie Mae. -- read full article
    Mon, 07 Jul 2008 21:24:29 GMT - Yahoo! News: Personal Finance News
    Financial worries weigh on Wall Street (Reuters)

    (R-L) John Casey, Francis Mastroianni, and Anthony Fazio work in the Rice Pit at the Chicago Mercantile Exchange, April 24, 2008. (John Gress/Reuters)Reuters - Stocks fell on Monday on concerns that the top two mortgage providers would have to raise even more capital, severely devaluing existing shareholders' stakes, while big energy companies fell along with oil prices.


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    Mon, 07 Jul 2008 21:35:48 GMT - Yahoo! News: Personal Finance News
    Stocks fall on worries about financial sector (AP)

    (R-L) John Casey, Francis Mastroianni, and Anthony Fazio work in the Rice Pit at the Chicago Mercantile Exchange, April 24, 2008. (John Gress/Reuters)AP - Wall Street lost more ground in extremely volatile trading Monday, as investors recoiled at a cautious economic outlook from a Federal Reserve official and the possibility of more financial troubles of Fannie Mae and Freddie Mac.


    -- read full article
    Mon, 07 Jul 2008 21:39:52 GMT - Yahoo! News: Personal Finance News
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