MORTGAGE

Bank of America Corp. employees are flooding rival companies with resumes as a major cost-cutting program gets under way at the second-largest U.S. bank

The Federal Reserve looks set to take a breather from monetary stimulus measures on Wednesday, even if financial market turbulence heightens the chances of action later.

U.S. private employers added more jobs than expected last month, while planned layoffs dropped sharply, underscoring the view the economy is on a path of slow growth.

Applications for U.S. home mortgages were little changed last week as purchase demand improved but refinancing activity stagnated, an industry group said on Wednesday.

Prosecutors sued a large U.S. mortgage broker and two top executives for an alleged decade-long fraud that cost the government hundreds of millions of dollars on risky home loans.

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.

Prosecutors have filed a lawsuit against Allied Home Mortgage Capital Corp and its executives, Jim Hodge and Jeanne Stell, claiming that the company misled the federal Department of Housing and Urban Development (HUD) with bad mortgages.

Philadelphia Mafia member Nicodemo Scarfo Jr. was indicted on Tuesday along with 12 others for white collar crimes.

Mortgage borrowers with homes that were foreclosed on between 2009 to 2010 will have a chance for an independent review, the Treasury Department's Office of the Comptroller of the Currency (OCC) announced on Tuesday.

The Federal Reserve could begin to prepare financial markets for further monetary easing at the conclusion of a two-day meeting that began on Tuesday, even if it refrains from any new stimulus just yet.

To say that the bankruptcy filing of MF Global and a Greek referendum on its bailout package have unnerved institutional investors would be an understatement. Where's the Dow headed in the next 3-6 months?

A White House official said President Barack Obama will sign an executive order on Monday ordering the FDA to take steps to reduce vital medication shortages across the nation.

MF Global Holdings Ltd was in talks on Sunday with possible buyers with the aim squarely on doing a deal, though all options were on the table, a person briefed on the matter said.

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.

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.

CBRE Group Inc., the world's largest real estate brokerage and services company, reported third quarter revenue to $1.5 billion, up 21% from $1.3 billion in 2010.

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.

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.

Steve Martin book of tweets coming out next year.

The student debt relief plan that President barack Obama announced on Wednesday was a nod to the Occupy Wall Street movement, some commentators are saying.

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.