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New Rules, Same Old Retail At Utah's 'Mormon Mall'

Finally, a mall the founder of the Mormon faith, Joseph Smith, could warm up to ... though it may not be the best shopping spot for your run-of-the-mill teenager.

Mortgage purchase demand rose last week: MBA

Demand for home purchases picked up for the third week in a row last week, though applications for refinancing sagged, an industry group said on Wednesday.

Pre-Market Movers (FRAN, ZION, RF, RVSN, CLWR, LSI, STI, C, MTGE, FITB)

The companies whose shares are moving in pre-market trade on Wednesday are: Francesca's Holdings Corp, Zions Bancorporation, Regions Financial Co, RADVision Ltd, Clearwire Corp, LSI Corp, SunTrust Banks, Citigroup, American Capital Mortgage Investment Corp and Fifth Third Bancorp.

Banks to pay $25 million to NY state over mortgage system

Five major U.S. banks have agreed to pay $25 million to New York State over their use of an electronic mortgage database that the state said resulted in deceptive and illegal practices that led to more than 13,000 foreclosures.

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As Jobs Reports Show Growth, Economists Present Divergent Visions of the Recovery's Future; Is Washington Listening?

Economists agree the current labor recovery is creating some jobs, but disagree as to which groups will benefit the most -- and what American society will end up looking like -- as a result. Their disagreements are full of useful insight that could be the base for future policies, if only policymakers were listening.

A man leaves the New York State Department of Financial Services Foreclosure Relief Unit in Brentwood, New York February 10, 2012

Court OK Of $25 Billion Mortgage Deal To Be Sought Monday

The $25 billion settlement between five large U.S. banks accused of abusive mortgage practices on the one side and federal and state government officials on the other side that was announced Feb. 9 will be filed in federal court on Monday, people familiar with the matter said.

Government to seek court approval of $25 billion mortgage pact

A previously announced $25 billion settlement between five major banks accused of abusive mortgage practices and government officials will be filed in federal court on Monday, people familiar with the matter said late Friday.

File photo shows the headquarters of mortgage lender Freddie Mac in McLean

Freddie Mac Swings To Profit, Asks For Bailout

Freddie Mac requested $146 million from the U.S. Treasury to meet interest payment obligations on bailout funds, despite swinging to a profit, the troubled mortgage buyer reported Friday.

BofA in side deal with government on mortgage foreclosures: WSJ

Bank of America, one of five banks in $25 billion settlement with the government over foreclosure practices, has struck a side deal that will allow it to reduce penalties in return for bigger cuts to borrowers' mortgage balances, the Wall Street Journal said.

America Headed Toward Hyper-Inflation; Expect Denial

My dear Aunt Louise’s husband of 52 years was dying.

Bank of America Defrauded Mortgage Modifiers, Whistleblower Claims

Bank of America, N.A., fraudulently sought to limit home-owner mortgage modifications under the Home Affordable Modification Program so as to avoid millions in losses, says a whistleblower complaint unsealed in federal court Wednesday.

15-Year US Mortgage Rate Hits New Low

U.S. 15-year fixed-rate mortgage declined to a new record low of 3.13 percent in the week ending March 8, according to Freddie Mac.

Whistleblower says BofA defrauded HAMP

Bank of America NA prevented homeowners from receiving mortgage-loan modifications under a federal program in order to avoid millions of dollars in losses while benefitting from financial incentives for participating in the program, according to a complaint unsealed in federal court Wednesday.

Top After Market NYSE Gainers (AMTG, SLT, FAF, UAM, HT, IRE, ISS, SSW, TG)

The top aftermarket NYSE gainers Tuesday were: Apollo Residential Mortgage, Sterlite Industries, First American Corp, Universal American Corp, Hersha Hospitality Trust, Bank of Ireland, iSoftStone Holdings, Seaspan Corp and Tredegar Corp.

Obama offers mortgage relief to millions of homeowners

President Barack Obama on Tuesday announced a cut in fees on many government-backed mortgages that he said could help millions of homeowners refinance, part of an election-year push to boost the shaky housing market.

Obama Expands Housing Relief to Military, FHA Borrowers

The U.S. government will cut fees on federally insured mortgages and move to expand home-loan relief to military veterans, President Barack Obama announced Tuesday.

Post-Market NASDAQ Gainers (SHFL, RAIL, CRZO, AEZS, CLWR, MTGE, ROSE, CSIQ, CIENA, ZGNX)

The top after-market NASDAQ gainers Monday were: Shuffle Master, Freightcar America, Carrizo Oil & Gas, Clearwire Corp, American Capital Mortgage Investment, Rosetta Resources, Canadian Solar, CIENA Corp and Zogenix.

Limbaugh Advertisers Continue to Boycott Radio Show After Sandra Fluke Comments

As of Sunday, seven companies have pulled their advertisements from Limbaugh's radio show after the conservative commentator called a Georgetown law student a prostitute and insisted she post online sex videos if she wanted free contraceptive coverage.

Justice Dept. Casts Wide Net with Mortgage Subpoenas

A U.S. Justice Department inquiry into the packaging and sale of home loans by the biggest U.S. banks casts a wide net and appears to significantly overlap with other enforcement efforts, according to people who have viewed subpoenas sent to the firms.

MORTGAGE

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