Tag Archives: Financial Services

Builder Stocks Rose. Mortgage Rates Could Keep Falling.

Text size Mortgage rate moves have dominated conversation about the housing market. Frederic J. Brown/Getty Images Builder stocks gained on Wednesday after the Federal Reserve lifted interest rates by a quarter of a percentage point, signaling a slower pace of monetary-policy tightening. Investors may be looking out for lower mortgage …

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AIG Terminates Interim Finance Chief Mark Lyons

AIG said it entered into a settlement agreement with Mark Lyons. Photo: Brendan McDermid/REUTERS American International Group Inc. said it terminated Mark Lyons from his position as the interim chief financial officer and executive vice president, global chief actuary and head of portfolio management after the company became aware that …

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Western Union Names New Finance Chief

Matthew Cagwin joined Western Union in July as the head of financial planning and analysis. Photo: eva marie uzcategui/Agence France-Presse/Getty Images Western Union Co. named Matthew Cagwin as its chief financial officer. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from …

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Mortgage Rates Fall to 6.15% as Inflation Cools

Text size So far this year, mortgage rates are retreating. Scott Olson/Getty Images Mortgage rates this week fell to the lowest levels since September 2022, with the drop coming a week after inflation declined for the sixth month in a row. The average interest rate on a 30-year fixed-rate mortgage …

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