MORTGAGE

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Mortgage deal faces setbacks, again

A multi-state mortgage settlement in the works for more than a year will likely be pushed back again as dissident U.S. states continue to press specific concerns and ignore a Monday deadline to decide whether they will sign it.

Housing plan helps nearly 1 million homeowners

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Nearly 1 million U.S. homeowners have won permanent reductions on mortgage payments since the Obama administration launched its foreclosure prevention program in 2009, the U.S. Treasury said on Monday, only a fraction of the total it aimed to reach.
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Tracy Morgan

Tracy Morgan on Tom Brady: 'We Was Both in Special-Ed School Together'

Tracy Morgan may be attracting more attention for his behavior lately than his comedy. In addition to accusations of neglecting his mother, Morgan made a memorable appearance on the Jimmy Fallon Show this week. I grew up with Tom Brady, Morgan said on the talk show last night in Indiana. We was both in special-ed school together. Tom Brady used to wear a crash helmet on the little bus, spit on the window.
Roseanne Barr For President: Inside Green Party Campaign By U.S. Comedian

Roseanna Barr For President 2012: Inside Green Party Bid By U.S. Comedian

It's no joke: Roseanne Bar, the comedian best known for '80s sitcom Roseanne, is running for the Green Party's nomination in a bid to become President of the United States. What's her platform? How is she ranked among the other Green Party candidates? And does Roseanne Barr actually have a chance?
Former Credit Suisse employee David Higgs walks away after appearing in United States Court in the Manhattan borough of New York

Analysis: Obstacles High for More Mortgage Prosecutions

Despite the determination of President Obama to take Wall Street to court for the financial crisis, prosecutors face an uphill struggle to win more convictions like the two they scored on Wednesday against former Credit Suisse Group AG mortgage traders.
A real estate for sale sign is displayed outside a home in Chandler Heights, Arizona

Mortgage Deal Would Give States Enforcement Clout

A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.
A pair of housing units are shown for sale in San Francisco

Mortgage Deal Would Give States Enforcement Power

A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.
BSE Sensex

BSE Sensex Posts Highest Close in 12 Weeks; Metals, Autos Gain

The BSE Sensex rebounded in late trade on Wednesday to post its highest close in 12 weeks, as metal producers and auto makers jumped, although investors were doubtful the rally could be sustained after a rise of nearly 12 percent so far this year.
File photo shows the headquarters of mortgage lender Freddie Mac in McLean

Freddie Mac's Image Problem: Conflict of Interest Charged

On Monday, NPR and ProPublica published a report revealing that Freddie Mac, the government-owned mortgage giant, had purchased $3.4 billion in mortgage securities that became more profitable if homeowners were unable to refinance at lower rates.for homeowners to pay off their mortgages. It's the latest public blow to a firm that has been blamed for its role in the housing crisis, even as it continues to deal with the fallout of the toxic mortgages that it continues to hold
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States to decide this week on mortgage deal

State and federal officials are close to a settlement with the largest U.S. banks over mortgage abuses, with states facing an end-of-the-week deadline to decide whether they will sign on, people close to the talks said.
UBS trader Kweku Adoboli arrives at City of London magistrates' court in the City of London

Ex UBS Trader Adoboli Denies Fraud, Faces Trial

The trial, which is likely to shine a searching light on the adequacy of the bank's management and risk controls, could land Adoboli with a maximum 10-year jail sentence if convicted of the two counts of fraud and two of false accounting.
A realtor and bank-owned sign is displayed near a house for sale in Phoenix, Arizona, January 4, 2011.

Obama Administration Acts to Bolster Homeowner Lifeline

The U.S. administration on Friday expanded its main foreclosure-prevention program and pushed to open it to those with loans backed by mortgage giants Fannie Mae and Freddie Mac, a move that could meet resistance from their regulator, the Federal Housing Finance Agency.
U.S. Attorney General Eric Holder

Eric Holder Launches Probe into Mortgage-Backed Securities Fraud

U.S. Attorney General Eric Holder Friday announced the formation of a task force focused on probing residential mortgage-backed securities following President Barack Obama's call for a unit to probe the finance industry's conduct leading up to the financial crisis.

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