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AP - The Obama administration, battling a foreclosure crisis that shows no signs of relenting, will step up pressure on mortgage companies to do more to help people remain in their homes, officials said Saturday.
Government
Treasury Bills
Reuters - The Obama administration plans to announce on Monday a campaign to press mortgage companies to reduce payments for many more struggling homeowners, The New York Times reported in Sunday editions.
Government
US Treasury
White House
news.yahoo.com - 7 hours ago
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news.yahoo.com —
AP - The approach of a new decade
means a chance for a fresh start with your...
financial habits. Maybe your loved ones could use a nudge in that direction, too.
(more)
Personal finance books for kids, teens and adults
(AP)
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found this 7 hours agofound this
news.yahoo.com - 31 hours ago
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news.yahoo.com —
AP - The Arizona Supreme Court is being
asked to overturn the Legislature's use of budget laws...
to set state policy on topics ranging from teachers' seniority rights and immigration enforcement to mortgage lawsuits and municipal building codes.
(more)
Groups contend Arizona bills cross legal lines
(AP)
AP - A new New York law seeks to protect consumers by regulating "life settlements," in which the elderly sell their life insurance for far more than the value upon cancellation to get cash, often to stave off hard times.
Government
Retail Industry
AP - A lawyer for the owner of a closed mortgage company being investigated by the state says his client is back in New Hampshire.
Other
BusinessWeek - During> We> It> With> The> The> Because> Where> What> In> Credit> The> Whether> Nevertheless,> The> The> Just> Home> The> In> Consumer>
Stocks
BusinessWeek - During> We> It> With> The> The> Because> Where> What> In> Credit> The> Whether> Nevertheless,> The> The> Just> Home> The> In> Consumer>
Stocks
Reuters - Fannie Mae plans to raise minimum credit score requirements next month and limit the amount of overall debt that borrowers can carry relative to their incomes, The Washington Post reported on Thursday.
Stocks
Fannie Mae
tech.yahoo.com - 2 days ago
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tech.yahoo.com —
AP - If you're unhappy with your mutual
fund, you can easily find another. After all, there...
are nearly 8,000 to choose from.
(more)
Startups play matchmaker to challenge mutual funds
(AP)
news.yahoo.com - 3 days ago
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news.yahoo.com —
AP - Capmark Financial Group Inc. said it
has received approval to complete the $515 million sale...
of its North American servicing and mortgage banking units to a joint venture owned by Warren Buffett's Berkshire Hathaway Inc. and Leucadia National Corp.
(more)
Capmark Financial gets OK to sell units
(AP)
AP - Idaho Attorney General Lawrence Wasden is teaming with federal regulators and 26 other states to get tough on foreclosure rescue fraud.
Other
Foreclosure Crisis
AP - Freddie Mac reports that average rates for 30-year fixed mortgages have matched a record low of 4.78 percent this week.
Stocks
Freddie Mac
Federal Reserve
Reuters - U.S. consumer sentiment improved slightly in late November from earlier this month, but it was weaker than October on deep anxiety over personal finances, a survey showed on Wednesday.
Other
University of Cambridge
60 Minutes
AP - U.S. Sen. Harry Reid joined federal and state officials at an event in Las Vegas highlighting law enforcement efforts to identify and prosecute mortgage fraud in Nevada.
Other
AP - Fannie Mae says it won't consider offers from investors to buy its foreclosed properties until they have been on the market for 15 days.
Stocks
Fannie Mae
Housing Market
AP - A veteran state lawmaker and Democratic gubernatorial candidate on Tuesday proposed swapping Michigan's flat income tax rate for a graduated one, eliminating a business tax surcharge and some business tax breaks, and lowering the sales tax rate while extending it to services.
Government
AP - A Virginia Beach man faces up to 30 years in prison after pleading guilty to wire fraud in connection with a mortgage loan scheme.
Other
Ponzi Scheme
news.yahoo.com - 5 days ago
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news.yahoo.com —
Reuters - Freddie Mac, the U.S. mortgage finance
giant, said on Monday it is seeking $595 million...
in loan payments and other funds hung up after the bankruptcy of lender Taylor, Bean & Whitaker.
(more)
Freddie says TBW-related loss may grow, files claim
...
news.yahoo.com - 3 days ago
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news.yahoo.com —
AP - Mortgage finance company Freddie Mac said
Monday it could lose $500 million or more as...
a result of the bankruptcy protection filing of Taylor, Bean & Whitaker Mortgage Corp.
(more)
Freddie Mac: Taylor, Bean loss may be significant
(AP)
