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September 1, 2011, 4:34 pm Home prices are still falling and mortgage defaults rising, leading some to think a federal bailout of the housing sector is required. Think again.
September 1, 2011, 4:32 pm The Obama administration is considering a mortgage refinancing 'bailout' for the US housing sector, but a Wall Street critic says it will only make things worse for taxpayers and banks.
September 1, 2011, 4:30 pm NEW YORK, Sept 1 (Reuters) - The U.S. Federal Reserve'sbalance sheet shrank in the latest week with reduced holdingsof agency mortgage-backed securities, Fed data released onThursday showed. The Fed's ...
September 1, 2011, 2:47 pm Goldman Faces Monetary Penalty by Fed Goldman Sachs faces unspecified monetary penalties in an enforcement action by the Fed to address "a pattern of misconduct and negligence" in mortgage servicing.
September 1, 2011, 2:45 pm (Adds details) WASHINGTON, Sept 1 (Reuters) - The U.S. Treasury Departmentsaid on Thursday it took in another $12.7 billion during Augustfrom sales of mortgage-backed securities it bought in 2008 and2009 ...
September 1, 2011, 2:38 pm WASHINGTON, Sept 1 (Reuters) - The U.S. Treasury Departmentsaid on Thursday it took in another $12.7 billion during Augustfrom sales of mortgage-backed securities it bought in 2008 and2009 at the height ...
September 1, 2011, 2:23 pm The Federal Reserve orders Goldman to review its mortgage servicing unit on the same day Goldman sold the business.
September 1, 2011, 1:48 pm Shares of Goldman Sachs added to their losses Thursday afternoon following word that he Federal Reserve sanctioned the firm over deficient practices involving residential mortgage loan servicing and foreclosure processing at its former subsidiary, Litton Loan Servicing LP.
September 1, 2011, 1:47 pm The Federal Reserve ordered Goldman Sachs to hire an outside consultant to review mortgage loans serviced by a subsidiary in order to identify and compensate borrowers who were wrongly foreclosed upon, the central bank announced on Thursday.
September 1, 2011, 1:30 pm The Federal Reserve on Thursday sanctioned Goldman Sachs over deficient practices involving residential mortgage loan servicing and foreclosure processing at its former subsidiary, Litton Loan Servicing LP, in what's commonly referred to as the "robo-signing" scandal.
August 31, 2011, 3:16 pm * Jobless claims hit record high in July * Economists cut forecasts for 2011 GDP growth * Credit supply continues to shrink * Major mortgage provider warns on arrears (Adds report on mortgage proposals) ...
August 31, 2011, 11:00 am * Jobless claims hit record high in July * Economists cut forecasts for 2011 GDP growth * Credit supply continues to shrink * Major mortgage provider warns on arrears (Recasts, adds details) By Carmel ...
August 23, 2011, 9:39 am U.S. stocks rose on Tuesday, after gauges of Chinese and euro zone economic activity came in less gloomy than feared, but bank stocks fell as investors fretted Bank of America Corp may need to raise capital and could face additional mortgage lawsuit payouts.
August 18, 2011, 4:16 pm Shares of the parents of Moody's Investors Service and Standard & Poor's tumbled Thursday. Reports of a Justice Department investigation into whether the big credit rating agencies improperly graded dozens of high-risk mortgage securities in the years leading up to the financial crisis spooked investors, along with a broad market sell-off.
August 16, 2011, 3:45 pm WASHINGTON, Aug 16 (Reuters) - The U.S. Treasury Departmentsaid on Tuesday it took in $12.7 billion in proceeds on itsinvestment in mortgage-backed securities, including sales ofbonds with a market value ...
August 10, 2011, 6:44 pm The Federal Reserve's plan to keep interest rates super-low for at least two more years is great news for mortgage refinancers and other borrowers.
August 10, 2011, 6:08 pm ------ Fed's low rates are no fix for weak economy or retirees WASHINGTON -- The Federal Reserve's plan to keep interest rates super-low for at least two more years is great news for mortgage refinancers and other borrowers.
August 5, 2011, 2:00 pm Fewer homeowners fell behind on their mortgages during the month of June, according to a monthly Treasury report released Friday. According to the report, 4.4% of prime mortgages were at least 30 days late, down from 5.9% in 2010.
July 28, 2011, 4:30 pm NEW YORK, July 28 (Reuters) - The U.S. Federal Reserve'sbalance sheet shrank in the week ended July 27 with reducedholdings of federal agency debt securities and mortgage-backedsecurities, Fed data ...
July 22, 2011, 8:36 am The Treasury Department on Friday will report that its program to rid bank balance sheets of toxic residential mortgage loans is still profitable, but less so after a decline in the second quarter, according to people familiar with the data. News powered by Yahoo News
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