Business

7:41am

Tue January 31, 2012
The Two-Way

For Third Straight Month, Home Prices Dropped In November

Home prices dropped in November for the third consecutive month. Standard & Poor's/Case-Shiller home price index found a drop in 19 of the 20 cities tracked.

The AP reports:

"The biggest declines were in Atlanta, Chicago and Detroit. Phoenix was the only city to show an increase.

"The decline partly reflects the typical fall slowdown after the peak buying season.

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12:24am

Tue January 31, 2012
Business

Treasury To Probe Freddie Mac's Investments

Freddie Mac last month said it would stop making risky bets against homeowners after concerns were raised by its regulator, the Federal Housing Finance Agency. The statement by the FHFA was issued in response to an investigation by NPR and ProPublica that disclosed how Freddie Mac bought billions of dollars in securities that turned a profit if homeowners remained stuck in high rate mortgages. The White House said the Treasury Department is looking into Freddie Mac's investments. Steve Inskeep talks with NPR's Chris Arnold and Jesse Eisinger of ProPublica about their report.

5:00pm

Mon January 30, 2012
The Two-Way

Report Prompts Calls To End Freddie Mac's Conflict Of Interest

A sign for Freddie Mac in front of its headquarters in McLean, Va.
Alex Wong Getty Images

Several U.S. lawmakers and prominent economists on Monday said Congress and the White House should end a financial conflict of interest at the taxpayer-owned mortgage company Freddie Mac.

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3:08pm

Mon January 30, 2012
Economy

Mortgage Giant Places Bets Against Homeowners

Transcript

MELISSA BLOCK, HOST:

Freddie Mac is a gatekeeper in the mortgage market. In many cases, the taxpayer-owned mortgage company controls who qualifies to refinance a mortgage and who doesn't. Well, NPR has learned that Freddie Mac has been making financial wagers, betting against American homeowners being able to refinance. And now some lawmakers want to put a stop to it. NPR's Chris Arnold has been reporting this story in partnership with ProPublica.org. He has this report.

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2:55pm

Mon January 30, 2012
The Two-Way

Japanese Auto Parts Companies To Pay $548M In Fines For Price-Fixing

Originally published on Mon January 30, 2012 3:21 pm

One of the biggest antitrust investigations in the nation's history has led to fines of $470 million against one Japanese auto parts manufacturer and $78 million against another, the U.S. Justice Department announced today.

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