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| January 21, 2019

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LA Times Archives - Page 1157 of 1306 -

Freddie Mac: 30-year mortgage rate dips to 3.35%, near a record low

May 2, 2013 |

The benchmark 30-year mortgage rate dropped this week to an average of 3.35%, its lowest rate in four months and within a whisper of its record low of 3.31% in fall, Freddie Mac said Thursday.

    


L.A. Times – Business

Obama nominates Rep. Mel Watt to head Housing Finance Agency

May 2, 2013 |

But the GOP is likely to block Watt’s confirmation as disputes loom on possible legislation to overhaul the housing finance system.

WASHINGTON — President Obama nominated Democratic Rep. Mel Watt to be the top regulator for Fannie Mae and Freddie Mac, moving to replace a career bureaucrat who has been sharply criticized by liberals for not doing more to help troubled homeowners.

    


L.A. Times – Business

8 builders buy land in Great Park development

May 2, 2013 |

Construction of the new homes, priced from the high $ 600,000 range to $ 1.2 million, is expected to begin this month.

Construction is set to begin on the first phase of a massive housing development that is part of the city of Irvine’s long-awaited Great Park project.

    


L.A. Times – Business

L.A. stock brokerage Crowell Weedon is bought by rival

May 2, 2013 |

The acquisition by D.A. Davidson is expected to strengthen each firm. Combined, they will hold $ 43.5 billion in client assets.

Los Angeles stock brokerage Crowell, Weedon & Co. on Wednesday said it was acquired by a larger rival, though terms were not released.

    


L.A. Times – Business

Apartment rents keep on rising in Los Angeles County

May 1, 2013 |

Apartment vacancies plunged in Hollywood during the last 12 months and rents increased as the neighborhood continued to rebound from the recession. But vacancies were still more plentiful in the Santa Clarita Valley, where former renters bought low-priced homes.

    


L.A. Times – Business

Facebook users are not making themselves at Home, analyst says

May 1, 2013 |

SAN FRANCISCO — Facebook users are apparently not making themselves at Home.

    


L.A. Times – Business

Vancouver, Canada, sees sharp drop-off in movie, TV production

May 1, 2013 |

The city that pioneered the use of film incentives is losing ground to rivals in eastern Canada and states such as Georgia and North Carolina.

Hollywood North is going south.

    


L.A. Times – Business

Online poker website launches in Nevada; legal for residents only

May 1, 2013 |

Poker fanatics in Nevada now have an online play-from-home option to gamble. 

    


L.A. Times – Business

U.S. home prices keep rising, but homeownership is down

May 1, 2013 |

Home prices are rising at levels not seen since the real estate boom, driven higher by investors, but U.S. homeownership remains on the decline.

Home prices are rising at levels not seen since the real estate boom, but American homeownership remains on the decline.

    


L.A. Times – Business

Herbalife says KPMG’s resignation hindered stock buybacks

May 1, 2013 |

KPMG’s action led Herbalife to cancel plans to borrow money ‘to repurchase a meaningful amount of company stock,’ CFO John DeSimone said.

Herbalife Ltd. said it had to scale back plans to repurchase its shares after KPMG resigned in early April as its auditor and withdrew its review of the company’s annual financial statements for the last three years.

    


L.A. Times – Business