Trump budget calls for Wall Street regulators to face restructuring
WASHINGTON, May 22 Two Wall Street financial regulators would face cuts or major structural changes under President Donald Trump's fiscal 2018 budget proposal
NEW YORK Jan 17 Fewer U.S. homeowners were underwater on their mortgages in the third quarter of last year, helped by an improvement in home prices, data analysis firm CoreLogic said on Thursday.
There were 10.7 million homeowners who owed more on their mortgages than their home was worth in the third quarter of the year, down from 10.8 million in the first six months of 2012, CoreLogic said.
That accounted for 22 percent of properties, down from 22.3 percent. An additional 2.3 million borrowers had less than 5 percent equity in their homes, considered to be near negative equity.
The large number of underwater homeowners - also known as being in negative equity - has raised concerns borrowers could choose to walk away from their homes rather than struggle with burdensome mortgages.
About 100,000 homeowners returned to positive equity in the third quarter, adding to the more than 1.3 million that were above water in the second quarter.
Negative equity totaled $658 billion at the end of the third quarter, down from $689 billion at the end of the second.
WASHINGTON, May 22 The Trump administration's budget proposal would convert some of the United States' foreign military grants to loans, part of a larger effort to slash spending on diplomacy, aid and programs abroad by more than 29 percent, the White House said on Monday.
BRASILIA, May 22 The Brazilian government said on Monday it is committed to business-friendly reforms after S&P Global Ratings threatened to downgrade the country further into junk territory amid a political crisis.