Finance & Mortgage
'Foreclosure Filings Down While Home Default Notices Rise in February
'Citigroup Failure in Fed Test Raises Questions
'Mortgage Rates Follow Bond Yields Higher
EDITOR'S PICKS
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Residents of a Chicago Mobile Home Park To Lose Water Access Days Before Thanksgiving
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Dozens Left Homeless After Apartment Fire Sparks In Durham
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Homebuying 101: 5 Red Flags To Watch Out For
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US Home Prices on the Rise: Here's Where Houses Are the Priciest
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Real Estate: 3 Things To Know Before You Start Investing
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In the carnage of the U.S. financial crisis, a familiar refrain echoed throughout Wall Street as the stock market tried to recover: "The market needs the banks for a healthy rally." -
'Whistleblowers Reap Millions in U.S. $25 Billion Mortgage Settlement
Troubled homeowners are not the only ones set to get a financial lift from the U.S. government's $25 billion landmark mortgage settlement. -
'China PBOC Urges Lending to First-home Buyers
The People's Bank of China (PBOC), the central bank, said Monday thatcommercial banks should put in place a differentiated credit policy to guarantee housing loansto qualified first-home buyers. -
'Watchdog Says Banks Impeded Foreclosure Inquiry
Top banks impeded a federal inquiry into their foreclosure processes, according to a report released Tuesday, dragging their feet on turning over documents and blocking investigators' attempts to interview bank employees.The inquiry led to the wide-ranging $25 billion mortgage settlement with the five largest mortgage servicers that was announced last month and filed in federal court on Monday. -
'Michigan to Present Detroit Consent Agreement on Tuesday
JPMorgan Chase & Co is paying the federal government $45 million to settle a lawsuit alleging it charged veterans hidden fees in mortgage refinancing. -
'JPMorgan paying $45 million to settle mortgage suit
JPMorgan Chase & Co is paying the federal government $45 million to settle a lawsuit alleging it charged veterans hidden fees in mortgage refinancing. -
'Mortgage Deal : Government Promises Tough Oversight
The government released the fine print of its landmark $25 billion mortgage settlement, and promised to closely police the banks' pledges to bring widespread housing relief, even while letting them dodge admission of wrongdoing. -
'Citigroup Could Be Surprise Winner in Stress Tests
Citigroup Inc may be a surprise winner when the Federal Reserve reveals the results of bank stress tests designed to gauge the health of the biggest U.S. banks. -
'US to closely police banks in mortgage settlement
* Previously announced pact filed in federal court * Banks commit to $25 bln, much as mortgage relief * Ally Financial negotiated reduced penalty - sources * Federal officials tout strong enforcement mechanism -
'Taylor Wimpey Starts FY 2012 with Encouraging Patterns; HSBC assigns 'Overweight' Rating
Taylor Wimpey, the homebuilding company, says that it is too early to judge the market for the year as a whole, but the early weeks of trading in 2012 have followed the encouraging patterns of the second half of 2011, with good visitor levels, healthy reservations and low cancellations. -
'Gold Price Turns Nearly 1% Higher After U.S. Jobs Data
Gold rose nearly 1 percent in heavy trading on Friday, reversing early sharp losses, lifted by higher crude oil and U.S. equities' following an encouraging U.S. job report. -
'Stock Futures Point to Lower Wall Street Open
Stock index futures pointed to a lower open for equities on Wall Street on Monday, with futures for theS&P 500, the Dow Jones and the Nasdaq 100 falling 0.2 to 0.3 percent.
