AP – Attorney General Lisa Madigan filed a lawsuit Tuesday against Countrywide, alleging the fallen mortgage industry giant discriminated against blacks and Latinos buying home mortgages in Illinois.
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AP – Senate approves tough new sanctions against Iran, targeting Iran’s energy industry.
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The Motley Fool – The way some people are talking, you might think that the multi-trillion-dollar mutual fund industry’s days are numbered. But as long as investors believe they can beat the market — and there will always be believers — then mutual funds will have their place among investment opportunities.
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Reuters – The U.S. thrift industry reported its third consecutive quarter of profit, earning $1.82 billion during the first three months of the year.
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The Motley Fool – Vicious competition among well-known discount brokers may not be good news for the brokerage industry, but it’s almost definitely great news for investors. Several of the largest brokerage companies now give their investors commission-free access to ETF trading.
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AP – Construction of new homes rose more than expected in April but new building permits fell sharply, signaling the industry’s rebound could be short-lived.
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AP – A Democratic plan to rein in the financial industry is flawed because it fails to tighten control over two large government-sponsored mortgage companies blamed for creating a demand for risky loans and inflating the housing bubble, a leading GOP senator on banking issues says.
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AP – A Democratic plan to rein in the financial industry is flawed because it fails to tighten control over two large government-sponsored mortgage companies blamed for creating a demand for risky loans and inflating the housing bubble, a leading GOP senator on banking issues says.
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AP – A Democratic plan to rein in the financial industry is flawed because it fails to tighten control over two large government-sponsored mortgage companies blamed for creating a demand for risky loans and inflating the housing bubble, a leading GOP senator on banking issues says.
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AP – A Democratic plan to rein in the financial industry is flawed because it fails to tighten control over two large government-sponsored mortgage companies blamed for creating a demand for risky loans and inflating the housing bubble, a leading GOP senator on banking issues says.
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