Stocks soared Friday, with the Dow industrials spiking more than 300 points, as oil prices slumped almost $5 a barrel to three-month lows and the dollar rallied against other major currencies.
The good news: Mortgage giant Fannie Mae is taking steps to shore up its finances. The bad news: You're going to pay for it when you take out a mortgage.
The cocktail chatter among my friends has taken a surprising turn in the past year or two. We're not gushing over rising home values or fad stocks anymore - and not just because there aren't any to gush about lately.
If your bank contacts you about a bond-like investment you made some time ago, don't ignore it. You could benefit from an unusual settlement that will allow you to get back 100% of your investment's value.
Mortgage finance giant Fannie Mae, in another sign the nation's housing problems are persisting, reported a much larger-than-expected loss in the second quarter and slashed its dividend on Friday.