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Re/Max Flies Higher in NYSE Debut

Re/Max rallied 21% above its IPO price on its first day of trading, a sign investors are optimistic about the U.S. housing recovery.

A CEO Whose Passion Transcends Career

Zillow's Spencer Rascoff believes there’s more to life than work. He left two careers on Wall Street for one full of passion for entrepreneurship.

Here Lies Bank of America, Ex-Employees Allege

Several former Bank of America employees filed declarations in a federal court last week claiming the mortgage lender told them to lie to customers seeking loan modifications. The bank fired back, essentially calling them the liars.

Barclays, Wachovia to Pay $378M to Settle U.S. Mortgage Claims

British bank Barclays Plc and U.S. bank Wachovia, now part of Wells Fargo & Co , will pay a combined $378 million to resolve claims over toxic mortgage-backed securities sold to now-failed credit unions, a U.S. credit union regulator said on Monday.

Deja Vu for Lax Lending Standards?

The fear now is that once the Fed bumps interest rates higher and mortgage rates follow suit banks will lower their lending standards to offset the higher costs of borrowing and attract customers.