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Allied Home Mortgage sued for lending fraud

Prosecutors sued Allied Home Mortgage Capital Corp and two top executives for at least $2.5 billion, accusing the company of a decade-long fraud in which it misled the government into believing its risky loans qualified for federal insurance.
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DeMarco delivers testimony on robo-signing and foreclosures at a hearing of the Housing and Community Opportunity Subcommittee of the House Financial Service Committee, in Washington

Federal Regulator Rebuts Critics of Housing Policies

Fannie Mae's and Freddie Mac's regulator on Saturday rejected criticism he was obstructing a housing recovery by taking too narrow a view of his mission to protect the financial health of the two massive, taxpayer-supported mortgage firms.
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Regulator rebuts critics on housing help

Fannie Mae's and Freddie Mac's regulator on Saturday rejected criticism he was obstructing a housing recovery by taking too narrow a view of his mission to protect the financial health of the two massive, taxpayer-supported mortgage firms.
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Mortgage Probe May Open New Path for Housing Relief

A controversial weapon could be deployed soon in the U.S. fight against the housing crisis as states and top banks near a deal in their dispute over mortgage abuses -- cutting the mortgage debt owed by homeowners.
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Obama Unveils Student Loan Relief Plan

President Obama, on Wednesday, announced a series of new measures aimed at easing the burden of debt on students struggling to repay their federal college loans.
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Regulator said to mull forgiving mortgage debt

The regulator for Fannie Mae and Freddie Mac was reviewing a proposal to help troubled homeowners by forgiving a portion of their outstanding mortgage debt, Democrats in the House of Representatives said on Wednesday.
President Obama

Obama Announces Student Debt Relief to Mixed Response

President Obama announced a much-heralded plan on Wednesday to help recent college graduates struggling to pay back their student loans. Reactions were mixed, with some people lauding the President for taking decisive action and others saying he didn't go far enough.
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Investors show interest in foreclosure plan

Big investors are showing interest in an evolving Obama administration plan to sell off foreclosed homes, although the government will have to make the offer sweet enough to coax private funds.
Greece: Bond Vigilante Target

Why Greece Matters to Your Life

A whirl-wind day in the financial crisis: the European Central Bank renewed loans to key banks, and Germany backed an increase in the bailout fund ahead of a European leader summit to discuss debt-plagued Greece. Is the crisis over? Far from it, but it is a start. Here's how the Greece situation can affect your life.
A man works on a new home being built by developer Azeem Kahn in Chicago

New Home Sales Rise in September, Prices Fall

New single-family home sales rose at their fastest pace in five months in September, a government report showed on Wednesday, but sustained price declines indicated the housing market is far from recovery.
A real estate for sale sign is displayed outside a home in Chandler Heights, Arizona

Mortgage applications bounced last week: MBA

Applications for home mortgages rose last week, recouping some of the steep decline a week before as demand for both purchases and refinancing perked up, an industry group said on Wednesday.
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Obama's Student Loans Plan Won't Require Congressional Approval

President Barack Obama's student loans deal will be announced in Denver on Wednesday, Business Day reports. The plan will not require any action from congress, and will announced in tandem with a new plan to make it easier for homeowners to refinance their mortgage.

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