Financial

  • GOP campaign committee has $31M to hold House Associated Press - 53 minutes ago
    GOP campaign committee has $31M to hold House

    The House Republican campaign committee raised almost $10 million in March and has $31.2 million banked to defend the party's majority, according to financial reports filed Sunday. The National Republican ...

  • Need insurance to close on home? Bankrate.com - 4 hours ago

    As I purchase a home, do I really need to have both hazard insurance and mortgage insurance? The hazard insurance is $62.50 and the mortgage insurance is $134.21. Hazard or homeowners insurance protects the value of your home by paying for home repairs in the event of a covered loss. Mortgage insurance protects the lender from loss if you stop making the mortgage payments.

  • Consumer financial security holds steady in April Bankrate.com - 4 hours ago

    Financial security ticked higher in April as consumers noted an improvement in job security, net worth and their financial situation over the past year, according to a monthly survey by Bankrate.com. Comfort levels with debt and savings deteriorated, however. Bankrate's Financial Security Index rose to 100.5 from 100.4 in April 2013. That's lower than March's reading of 102.2, but any index above 100 still indicates improved financial security over the past year.

  • What is hazard insurance? And do I need it? Bankrate.com - 4 hours ago

    What is hazard insurance? Is it the same as homeowners insurance? Strictly speaking, there is no such thing as hazard insurance. I should say, however, that I have seen the term "hazard insurance" used incorrectly on mortgage loan applications.

  • NAB lags on business customer ratings AAP - 16 hours ago
    NAB lags on business customer ratings

    National Australia Bank continues to lag behind its major rivals when it comes to business customer satisfaction, despite a slight improvement. NAB, Australia's biggest business lender, had an average customer satisfaction rating of 7.0 out of 10 in March, which lagged behind ANZ, Commonwealth Bank and Westpac, which all scored 7.4. But according to the monthly DBM Consultants Business Financial Services Monitor (BFSM), NAB has improved its standing among small and medium sized business.

  • Providence, RI sues firms over stock trades Associated Press - Sat, Apr 19, 2014 11:10 AM NZST

    Providence, R.I. is suing dozens of Wall Street banks and other financial companies over high-frequency trading. The suit says stock exchanges, investment banks and others defrauded investors by manipulating ...

  • A "Historic" Bear Move Setting up in NZD/JPY DailyFX - Sat, Apr 19, 2014 6:45 AM NZST

    A "Historic" Bear Move Setting up in NZD/JPY

  • Can a car's brand image hurt its resale value? Bankrate.com - Fri, Apr 18, 2014 10:00 PM NZST

    I've never really paid attention to a car's brand image when I have bought a car, including any of the brand perception awards that some auto manufacturers advertise. But my current car doesn't have such a good image right now, thanks to some car recalls and some overall issues with the car brand. You can find out the resale value of car models that you're considering, but an unexpected event can put a dent in the price that you can ask for that car. According to ALG, which calculates so-called residual values and provides them to dealers, lenders and others in the industry, a car's brand image is a factor in calculating its resale value.

  • Kansas Tries to Shrink Its Way to Prosperity BusinessWeek - Fri, Apr 18, 2014 12:57 PM NZST

    Governor Sam Brownback turns his state into a budget-cutting, tax-slashing, Tea Party laboratory

  • A Guide to Reverse Mortgages US News - Fri, Apr 18, 2014 5:55 AM NZST

    In recent years, questions about reverse mortgages, and whether or not they are a practical way to supplement retirement income, have become more frequent. What is a reverse mortgage? There are three kinds of reverse mortgages. For example, money from a single purpose reverse mortgage could only be used to cover property expenses, including repairs, energy efficient improvements, taxes and insurance.

  • 2 ex-Anglo Irish Bank directors convicted of fraud Associated Press - Fri, Apr 18, 2014 5:23 AM NZST
    2 ex-Anglo Irish Bank directors convicted of fraud

    Two former executives of Anglo Irish Bank were found guilty Thursday of committing fraud in a loans-for-shares scandal — the first convictions to stem from a banking crisis that brought Ireland to the ...

  • US average rate on 30-year home loan 4.27 percent Associated Press - Fri, Apr 18, 2014 4:01 AM NZST

    Average U.S. rates on fixed mortgages fell for the second straight week as the spring home-buying season begins. Here's a look at rates for fixed and adjustable mortgages this week and over the past year:...

  • Early Glance: Insurance companies Associated Press - Fri, Apr 18, 2014 3:31 AM NZST

    Shares of some top insurance companies are mixed at 10 a.m.: ACE L rose $.30 or .3 percent, to $101.67. Aflac Inc. rose $.18 or .3 percent, to $62.79. American International Group rose $.21 or .4 percent, ...

  • CD rates for April 17, 2014 Bankrate.com - Thu, Apr 17, 2014 10:00 PM NZST

    Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Compare CD rates nationally and in your area. CDs 0.24% (1-year CD yields) 0.79% (5-year CD yields) Rates on certificates of deposit ...

  • Credit card interest rates for April 17, 2014 Bankrate.com - Thu, Apr 17, 2014 10:00 PM NZST

    Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Find the best credit card offers available. Credit Cards 13.02% (all fixed) 15.61% (all variable) Credit card rates were unchanged ...

  • When does old debt fall off your credit report? Bankrate.com - Thu, Apr 17, 2014 10:00 PM NZST

    Here's how you know if a debt has vanished: Check your credit reports. You can view your credit reports from the three major credit bureaus, Equifax, Experian and TransUnion, for free once each year. One warning though: Many companies advertise free credit reports, but in the fine print of the deal, you must sign up for some other service you may not want or need for a cost to get your free reports. AnnualCreditReport.com is where you should go for your free reports.

  • Where will mortgage rates head next week? Bankrate.com - Thu, Apr 17, 2014 10:00 PM NZST

    Will rates go up, down or remain unchanged? Intro Up 22% Down 22% Unchanged 56% Panel Prediction Up Down Unchanged 22% 22% 56% This week (April 17-23), 22 percent of the panelists believe mortgage rates ...

  • Home equity loan rates for April 17, 2014 Bankrate.com - Thu, Apr 17, 2014 10:00 PM NZST

    Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Find the best home equity rates in your area. Home Equity 4.92% (line of credit) 6.2% (loan) Rates on loans backed by home equity ...

  • Auto loan rates for April 17, 2014 Bankrate.com - Thu, Apr 17, 2014 10:00 PM NZST

    Rates on new and used car loans were mostly stagnant this week, according to Bankrate's latest survey of interest rates. Only the rate on the average 48-month used car loan moved, dropping 1 basis point to 4.87 percent, but the average rate on a 36-month used car loan held steady this week at 4.79 percent. The average rate for a 36-month new car loan remained this week at 4.12 percent. Similarly, the average rates for a 60-month new car loan and a 48-month new car loan also stayed the same as last week, at 4.22 percent and 4.14 percent, respectively.

  • Can Dad's new wife steal his Social Security? Bankrate.com - Thu, Apr 17, 2014 10:00 PM NZST

    We learned that she went to Social Security to collect his benefits. Can Dad's new wife steal his Social Security? Social Security has a "Representative Payment Program" that provides financial management for people who aren't capable of managing their own benefits. If you suspect your stepmother is using the money on herself, you could call the fraud hotline for the Social Security Administration's Office of Inspector General at (800) 269-0271 from 10 a.m. to 4 p.m. Eastern Standard Time.

  • National mortgage rates for April 17, 2014 Bankrate.com - Thu, Apr 17, 2014 10:00 PM NZST

    Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Find the best mortgage rates in your area. Mortgages 4.43% (30-year fixed) 0.33 (average points) Mortgage rates edged lower for the ...

  • Mortgages drop, but are they due for a bounce? Bankrate.com - Thu, Apr 17, 2014 10:00 PM NZST

    The benchmark 15-year fixed-rate mortgage fell to 3.48 percent from 3.52 percent last week. The benchmark 5/1 adjustable-rate mortgage fell to 3.32 percent from 3.34 percent. That's the million-dollar question, and mortgage experts say potential borrowers shouldn't stretch their luck by waiting. The United States is still perceived by investors as one of the safest places to park their money, despite some recent mixed economic news.

  • BNZ names Anthony Healy as new CEO, replacing Thorburn BusinessDesk - Thu, Apr 17, 2014 11:06 AM NZST

    Bank of New Zealand, the local unit of Australia's third-biggest mortgage lender, named the head of its business bank, Anthony Healy, as its new chief executive. Healy will head the local unit from May 12, replacing Andrew Thorburn who will take over as group chief executive of BNZ's Melbourne-based parent, National Australia Bank, in August.

  • Sales of homes for more than $10 million increase Associated Press - Thu, Apr 17, 2014 10:22 AM NZST
    Sales of homes for more than $10 million increase

    Connecticut's Gold Coast is living up to its name, with a record $120 million sale of a waterfront estate in Greenwich leading an increase in sales of homes for more than $10 million. Five homes sold this ...

  • Sallie Mae 1Q net income slips 18 percent Associated Press - Thu, Apr 17, 2014 9:44 AM NZST

    Sallie Mae said Wednesday its net income sank 18 percent in the first quarter as some one-time gains came off the books and costs related to the spinoff of its Navient unit increased. Sallie Mae said its ...

  • Midday Glance: Insurance companies Associated Press - Thu, Apr 17, 2014 5:30 AM NZST

    Shares of some top insurance companies are mixed at 1 p.m.: ACE L rose $1.03 or 1.0 percent, to $101.14. Aflac Inc. rose $.81 or 1.3 percent, to $62.44. American International Group rose $.29 or .6 percent, ...

  • House Democrats' committee sitting on $40M fund Associated Press - Wed, Apr 16, 2014 11:17 PM NZST

    Donors gave more than $10 million in March to the committee tasked with electing House Democrats and helped it amass a $40 million fund to fight skepticism that Republicans can be ousted from their majority ...

  • How do I pay off $7,500 in credit card debt? Bankrate.com - Wed, Apr 16, 2014 10:00 PM NZST
    How do I pay off $7,500 in credit card debt?

    I currently have a credit card with an existing balance of $7,500 with an interest rate of 15.99 percent. My financial institution has reviewed my account and will not lower my APR, or annual percentage rate. There are ways to get rid of massive credit card debt. It looks like you carry an average interest rate on your credit card, so I'm assuming that you haven't had any recent late payments.

  • Which school expenses are covered by 529 plan? Bankrate.com - Wed, Apr 16, 2014 10:00 PM NZST

    I know that funds from a 529 plan can be used to pay for the cost of graduate school. Can the funds also be used to pay for graduate school application fees? IRS Publication 970, which covers this general subject of 529 plans, doesn't specifically discuss college application fees and whether they are qualified education expenses. Some schools specifically indicate application fees are NOT considered a qualified education expense.

  • Insider Tips: Smart Money Moves to Save Big Bucks Kiplinger - Wed, Apr 16, 2014 11:30 AM NZST

    Get your financial house in order with help from these expert tips.

  • No big surprises from Aussie Reserve Bank Newstalk ZB - Wed, Apr 16, 2014 9:51 AM NZST

    No major surprises from the Reserve Bank of Australia.

  • Southern California home prices climb in March Associated Press - Wed, Apr 16, 2014 7:21 AM NZST

    Southern California's median home sale price hit $400,000 in March to set a fresh six-year high as tight supplies limited sales, a research firm said Tuesday. The median price for new and existing houses ...

  • EU lawmakers complete financial system overhaul Associated Press - Wed, Apr 16, 2014 2:25 AM NZST

    The European Union's Parliament on Tuesday completed the biggest overhaul of the bloc's financial system since the introduction of the euro currency, passing laws to minimize the risk and cost posed by ...

  • 7 Excuses People Use to Avoid Financial Responsibility US News - Wed, Apr 16, 2014 2:01 AM NZST

    The recipe for finding financial success is an easy one. If you do that over and over, you will see financial success.

  • City leaders unanimously approve deal for Pacers Associated Press - Wed, Apr 16, 2014 1:32 AM NZST

    The Pacers' biggest win so far this season came Monday — off the court. One day after breaking out of a slump by beating Oklahoma City and hours before Miami rested its star players, essentially ceding ...