Thousands of homeowners could be getting some much needed help... Starting this week. Some borrowers with mortgages backed by fannie mae and freddie mac will start receiving offers from lenders to lower their mortgage payments. The borrowers must be at least 90 days behind on payments, but can't be more than 24 months behind. The loans must be at least 12 months old. The principal balance on the loan must be 80 percent or more of the home's value. Officials won't say how many homeowners will ... More>>
There was no let-up in the flight from stocks and bonds as traders reacted to news that the Federal Reserve could end its massive bond-buying program as next year and as China's manufacturing slowed.
The Federal Reserve expects the U.S. unemployment rate to fall faster this year and next than it did in March. The Fed now predicts unemployment will fall to 7.2 percent or 7.3 percent at the end of 2013 from 7.6 percent now.
Capital Brewery says it will begin construction this summer on a new $11 million facility in Sauk City. The new brewery is expected to eventually produce nearly 10 times the beer Capital Brewery makes in Middleton.
The U.S. Occupational Safety and Health Administration has cited Gilman Cheese Corp. for 10 safety violations after a worker had two fingers cut off by an unguarded packing and labeling machine in December. More>>
The number of Americans seeking unemployment benefits dropped 12,000 to a seasonally adjusted 334,000 last week, a hopeful sign that steady job gains will continue.