MLM Counties News. Notices. Need-to-know Information.

Cash is keeping residential sales trudging along while mortgage lending plummets, hurt by rising interest rates and stiff credit requirements. Americans seeking a loan to purchase their first dwelling are increasingly shut out.

The Federal Reserve is seeking input on a measure that would bar U.S. banks from acquisitions that would push their share of all financial-company liabilities above a 10 percent threshold.

Tagged with: Federal Reserve

The FHA boosted its fees after a surge in defaults during the housing crash depleted its capital reserves. The increases, which have helped replenish the FHA’s coffers, have also prevented hundreds of thousands of first-time purchasers from getting FHA loans.

In advance of Missouri Lawyers Media’s info-packed MOney 20 law-firm rankings report, which will be included in the May 19 edition, we took a peek at another set of rankings: The American Lawyer’s Am Law 100 Report.

Cash is king in most arenas, except the law office.

The Internal Revenue Service collected $5.7 billion in 2011 from penalties, meaning that Americans took out about $57 billion from retirement funds before they were supposed to.

Warren Buffett, the world’s third-richest man, said requiring disclosure of more executives’ salaries could hurt shareholders.

U.S. Attorney General Eric Holder said his department is readying criminal cases against banks that show financial institutions aren’t too big to prosecute.

The Missouri General Assembly on Tuesday overrode Gov. Jay Nixon's veto of tax-cut legislation.

Fannie Mae and Freddie Mac could require an additional bailout of as much as $190 billion in a severe economic downturn, according to the results of stress tests released by the regulator for the U.S.-owned companies.

As U.S. Justice Department prosecutors angle to bring the first criminal charges against global banks since the financial crisis, they’ll have to stare down warnings of uncontainable collateral damage.