Portfolio

After years on the back burner, the Securities and Exchange Commission's rule governing mutual fund marketing fees is in store for a "complete overhaul," according to commission chairman Christopher Cox.

A new study from Tiburon Strategic Advisors takes a broad look at consumer wealth, the pending baby boomer savings crisis and boomers' likely liquefaction of assets. Consumer Wealth, Liquefaction and the Retirement Income Challenge addresses the financial concerns and savings goals of consumers and consumer households in the U.S. today.

Freddie Mac said it will raise prices further and add underwriting restrictions for the mortgages it guarantees, because of "continued deterioration of credit quality and declining home values in most areas of the country."

In the debate over whether lenders are doing enough to stem the tide of foreclosures, there has been little in the way of comprehensive data on such efforts, but $2.2 trillion Citigroup Inc. has taken a step to shine some light in this area.

The Dow Jones industrials dropped more than 100 point immediately after the opening bell on Friday and continued to fall through out the day, ending down more than 300 points.

One of the nation’s largest student loan operations announced this week that it will suspend making federal-guarantee loans starting next month, according to the New York Times.

Mortgage giant Fannie Mae has posted a $3.55 billion loss for the last quarter of 2007, blaming rising home loan defaults.

The wealth management unit of Citigroup Inc. has agreed to buy Legg Mason Inc.’s managed account trading and technology operations.

Hall Capital Names Boneparth as President

The vast majority of retirees opt against voluntarily annuitizing retirement savings. So, insurers need to better educate consumers about immediate annuity benefits.