MORTGAGE

Bank of China Ltd, the country's No. 4 lender, expects growth in mortgage lending to slow this year as the government moves to cool property prices, the bank's president said on Saturday.

Chrysler Group LLC is in advanced discussions with banks on refinancing about $7 billion in government debt and establishing a credit facility in a process that would help clear the way for its initial public offering later this year.

Chrysler Group LLC is in advanced discussions with banks on refinancing about $7 billion in government debt and establishing a credit facility in a process that would help clear the way for its initial public offering later this year.

The text of Wisconsin Governor Scott Walker’s speech regarding the budget:

Futures on major U.S. indices point to modestly lower opening on Wednesday as investors eye economic data including ADP national employment report.

Financial penalties extracted from large banks over their mortgage servicing practices may be used for loan modifications, a top Obama administration official said on Monday.

Bank of America's online banking goes down and subsequently gets restored, says the company's Twitter account.

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Treasury Secretary Timothy Geithner said on Tuesday that future mortgage costs likely will be modestly higher after reforms are completed to the national housing finance system.

Chinese shares rose on Tuesday on decent volume suggesting further strength ahead, while markets in Hong Kong struggled to hold gains under pressure from a near 5 percent slide in heavyweight HSBC.

A former executive at Colonial Bank, which collapsed in part because of its close ties to the now-bankrupt Taylor, Bean & Whitaker Mortgage Corp, is expected to plead to criminal charges on Wednesday.

Michael Lewis, best-selling author of The Big Short about the mortgage meltdown, has been sued for defamation by an asset manager featured in the book.

The elevated level of shadow inventory of distressed homes still depresses the housing market, said Lawrence Yun, chief economist of the National Association of Realtors (NAR).

Homeownership as an investment is no longer the rock-solid foundation for the American Dream it once was, according to a survey released on Monday by the firm the government created in the 1930s to promote homeownership.

Ventas agreed to acquire smaller rival Nationwide Health Properties for $7.4 billion or $44.99 a share in stock, creating one of the largest publicly traded real estate investment trusts (REITs) in the United States.

China has ordered local authorities to implement existing property tightening measures or face punishment, the official Xinhua news agency said on Sunday, reflecting Beijing's resolve to tame sky-high property prices.

Wells Fargo & Co , the largest U.S. mortgage lender, said it is likely to face fines from regulators and other government agencies as a result of a probe into the industry's foreclosure practices.

Irish voters went to the polls on Friday to punish their government for bringing the former Celtic Tiger economy to its knees and leaving it a ward of the European Union and International Monetary Fund.

Why did the price of gold hit record highs in 2008? Take a look at the headlines - government bailouts of failed banks, mortgage and credit crises, rising inflation, slowing growth and global insecurity. In order to protect themselves from treacherous financial markets and depreciated paper currencies investors worldwide are turning to gold.

The automotive credit market showed a significant improvement in the final quarter of last year, as 30- and 60-day loan delinquencies exhibited sharp declines, says a new report.

A top Freddie Mac executive received notice the government may file charges against him for allegedly violating securities laws in the years leading up to the housing bust, according to a regulatory filing released on Thursday.