Financial : How to Calculate Income

It can be difficult to calculate retirement income because it's hard to estimate what things will be like in 20 to 30 years, which is the case ...

Why You Need a Renewable Term Life Policy (The Motley Fool)

The Motley Fool - It's an unavoidable fact of life: Life insurance premiums increase with age. And then there's the matter of your health. If you develop certain medical conditions, life insurance suddenly becomes prohibitively expensive, if you can get it at all.

U.S. mortgage rates nudge closer to record low (Reuters)

Reuters - U.S. mortgage rates fell in the latest week, nudging closer to a recent record low, helped by government efforts to bring rates down to levels that will spur demand and help the hard-hit housing market begin to recover.

SunTrust Banks has big loss but beats forecasts (Reuters)

Reuters - SunTrust Banks Inc posted its second straight quarterly loss, though results topped forecasts as deposit growth and higher mortgage lending offset charges tied to the collapsing real estate market.

Sallie Mae narrows 1st-quarter loss (AP)

AP - Sallie Mae, the nation's largest student lender, narrowed its loss in the first quarter, despite government efforts to stabilize short-term debt markets that Sallie Mae says hurt its results.

Talks on mortgage relief plan hit a snag (AP)

AP - Negotiations between the banking industry and Senate Democrats on a mortgage relief plan hit a snag Wednesday after a trade association representing credit unions said it could not endorse the proposal.

Police investigating death of Freddie Mac official (AP)

AP - The chief financial officer of money-losing mortgage giant Freddie Mac was found dead in his basement early Wednesday morning in what police said was an apparent suicide.

Freddie executive death apparent suicide: police source (Reuters)

Reuters - The finance chief of troubled U.S. mortgage giant Freddie Mac, David Kellermann, was found dead on Wednesday after apparently committing suicide, a police source said.

Weyerhaeuser suspends 401k retirement matches (AP)

AP - Weyerhaeuser is suspending company matches to employee 401k retirement plans.

Wells Fargo has record profit, tops in mortgages (Reuters)

Reuters - Wells Fargo & Co posted a record first-quarter profit of $3.05 billion as a surge in mortgage refinancings helped it displace Bank of America Corp as the nation's largest home lender.

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