US taxpayers lose over banks deal
As details of the $40bn foreclosure abuse agreement dribble out, it appears the deal may give big banks reason to celebrate and mortgage bond investors and taxpayers reason to pause
US foreclosure crisis
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US banks are facing mounting pressure from politicians, the courts and regulators over their shoddy mortgage foreclosure procedures
US housing market improves slightly
Existing home sales rose 4.3 per cent in January to a seasonally adjusted yearly rate of 4.57m. Median price fell 4.6 per cent in the month
Mortgage plan calls for single securities platform
The plan by the Federal Housing Finance Agency sets out how it will shrink Fannie Mae and Freddie Mac over the next few years while trying to minimise foreclosures
US taxpayers lose over banks deal
As details of the $40bn foreclosure abuse agreement dribble out, it appears the deal may give big banks reason to celebrate and mortgage bond investors and taxpayers reason to pause
US taxpayers to subsidise $40bn housing settlement
An unannounced clause in the provisional agreement allows banks to count future loan modifications made under Hamp towards their new restructuring obligations
Citigroup to pay $158m to end mortgage probe
The bank admitted it defrauded a federal insurance programme designed to encourage home ownership out of hundreds of millions of dollars
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