BofA, MBIA Reach Settlement in Mortgage Dispute by Reuters May 6th 2013 3:00PM Bank of America agrees to pay MBIA $1.6 billion to settle a dispute over soured mortgage securities issued during the U.S. housing boom.
Fed Sticks to Stimulus Plan, Warns Growth Hampered by Budget Cuts by Reuters May 1st 2013 2:22PM The Fed is sticking with its bond-buying plan to push down borrowing costs and prop up the economy, citing risks to growth from recent budget tightening in Washington.
No Surprises Expected as Fed Ends 2-Day Meeting by The Associated Press May 1st 2013 6:43AM The Federal Reserve is widely expected Wednesday to stick with its aggressive efforts to strengthen a still-subpar economy.
Federal Reserve Seen Keeping Interest Rates Near Zero by The Associated Press Apr 30th 2013 6:22AM Scant inflation and still-modest U.S. economic growth will likely lead the Federal Reserve this week to maintain its drive to keep borrowing costs at record lows indefinitely.
Existing Home Sales Edge Down as Prices Rise by Reuters Apr 22nd 2013 1:40PM U.S. home resales edged downward in March, pointing to some slowdown in the housing market recovery pace as overall economic activity cools.
Bank of America to Pay $500M to Settle Investor Lawsuit by The Associated Press Apr 18th 2013 6:36AM Bank of America says it will pay $500 million to settle a class-action lawsuit involving investors who say they were misled in their purchase of mortgage-backed investments.
Home Foreclosures Fall to Lowest Level in 5-Plus Years by The Associated Press Apr 11th 2013 6:38AM The number of homes repossessed by lenders last month fell to the lowest level in more than five years, the latest evidence that the nation's foreclosure crisis is abating.
A Radical New Proposal for the Mortgage Interest Tax Deduction by John Grgurich Mar 29th 2013 5:00AM The Common Sense Housing Investment Act would help millions more Americans claim the mortgage-interest tax deduction -- and still boost the government's tax revenues.
