| May 29, 2014
| 7:34 AM
Fixed mortgage rates declined for the fifth straight week, with Freddie Mac reporting that lenders were offering 30-year home loans at an average of 4.12%, down from 4.14% a week earlier.
The average offering rate for a 15-year fixed loan fell to 3.21%...
| May 13, 2014
| 4:23 PM
Former Treasury Secretary Timothy Geithner's memoir, "Stress Test," is being picked apart fairly intensively by the Washington and Wall Street press gangs, who are busily retailing the book's snarks and slights.
We're more interested in a nugget in...
| Apr 9, 2014
| 7:31 PM
When it comes to meeting California's state pension obligations, everyone agrees that paying the bills is a challenge. But exactly how big is the "unfunded liability"? Pessimists and optimists throw out wildly different totals for the state's 80...
| Jun 4, 2014
| 8:14 PM
| Jun 18, 2014
| 5:41 PM
As lawmakers struggle to craft a water bond proposal for voters, there's a huge reservoir of wonderful, non-controversial project ideas. But practically everyone is suffering from tunnel vision. Literally.
Not just the politicians, but —...
| May 14, 2014
| 6:20 PM
Stock prices are near all-time highs, but the real place to be this year is the bond market.
To the surprise of many on Wall Street, the long-underestimated fixed-income market is quietly outperforming its equity counterpart.
Many investors expected...
| May 15, 2014
| 7:47 AM
Mortgage rates edged down a hair this week, hovering at the lowest level in six months, with Freddie Mac reporting that lenders were offering 30-year fixed home loans at an average of 4.2% compared to 4.21% a week earlier.
The average rate for a 15-year...
| May 28, 2014
Love it or leave it ... or play the wallflower.
The wallflower role has been the preferred stance in the stock market this year. Investors have been willing to hang around after the thrill of 30 percent gains last year and modest growth in corporate...
| Mar 28, 2014
| 11:17 AM
Park Ridge Finance Director Kent Oliven recently told aldermen that, as things currently stand, the city will have to raise its property tax levy by 16.38 percent, or $2.9 million, in December to cover the ballooning debt to a special taxing district used...
| May 8, 2014
| 8:28 AM
After a recent past that can only be described as rocky, the Broward School Board wants voters to approve an $800 million bond referendum this November.
I'm going to withhold final judgment for now, but let me clue in superintendent Robert Runcie and...
| Apr 1, 2014
| 7:57 PM
Charles H. Keating Jr., who became the poster child of the savings and loan debacle 25 years ago after his Irvine thrift was seized by federal regulators in what at the time was the nation's costliest bank collapse, has died. He was 90.
In the early...
| Mar 21, 2014
| 5:00 AM
A major player in the burgeoning business of renting single-family homes is cashing in on its portfolio — to raise money to buy more.
Colony American Homes — an arm of Santa Monica-based Colony Capital LLC — plans to issue $513.6...