GovernmentLoans

GS Deal Exposed; BofA Deal Nixed

Two surprises in the finance biz: A small group of bond investors has thrown a wrench into Bank of America's massive mortgage securities settlement, while the Fed revealed a secret $15 billion loan it made to Goldman Sachs in 2008. But in retail, there are no bad surprises on same-store sales so far.

Obama Administration Considering New Mortgage Industry Fees

President Barack Obama%u2019s administration may propose that any government backing of mortgages be funded by fees on mortgage lenders, The Wall Street Journal reported. The administration has not come up with a final plan for mortgage entities Fannie Mae and Freddie Mac, The Wall Street Journal reported without naming its sources. Still, the consensus is that the mortgage market requires some kind of government guarantee.