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- (Reuters) - Bank of America (BAC.N: Quote , Profile , Research , Stock Buzz ) has agreed to settle claims brought by U.S. state attorneys-general regarding certain risky loans originated by Countrywide Financial Corp, it said on Monday, in a deal ...
- A county court in North Carolina late Sunday ruled against Citigroup Inc. in its fight against Wells Fargo & Co. to acquire Wachovia Corp. It is the third court to become involved with the battle. The Superior Court Division of Mecklenburg County ...
- Bank of America has agreed to settle claims brought by U.S. state attorneys-general regarding certain risky loans originated by Countrywide Financial Corp., it said on Monday, in a deal that could be worth more than $8.6-billion (U.S). The deal ...
- An estimated 125,000 Californians who are struggling with risky mortgages from Countrywide Financial Corp. may get their loans modified and payments reduced under a program to be announced today. In a pact that could save mortgage holders billions of ...
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(Reuters) - Bank of America
has agreed to settle claims brought by state attorneys general regarding certain risky loans originated by Countrywide Financial Corp in a deal that could be worth more than $8.6 billion, the Wall Street Journal ... - CALABASAS, Calif., Oct. 6 /PRNewswire/ -- Bank of America today announced the creation of a proactive home retention program that will systematically modify troubled mortgages with up to $8.4 billion in interest rate and principal reductions for ...
- Oct 6 (Reuters) - Bank of America (BAC.N: Quote , Profile , Research , Stock Buzz ) has agreed to settle claims brought by U.S. state attorneys-general regarding certain risky loans originated by Countrywide Financial Corp, in a deal that could be ...
- Oct 6 (Reuters) - Bank of America (BAC.N: Quote , Profile , Research , Stock Buzz ) has agreed to settle claims brought by U.S. state attorneys-general regarding certain risky loans originated by Countrywide Financial Corp, in a deal that could be ...
- The reason most people object to a bailout of our financial elite is that no provision addresses the root cause of the problem. The only way to address this problem is to pass a law that ends the adjustable rate mortgage. The law should be ...
- NEW YORK— Wachovia Corp. , at the center of a fight between Wells Fargo & Co. and Citigroup Inc. over who will buy the beleaugered bank, is moving ahead with its deal to sell itself to Wells Fargo -- while questions arise about the damaging effects ...
- WASHINGTON, D.C. (AP) - Rates on 30-year mortgages rose for a second consecutive week, climbing to the highest level in a month. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.10 percent last week ...
- The consequences of the housing boom and subprime mortgage meltdown in the past several years is having substantial effects on Oregon's economy. Although Oregon and Salem did not have the hyper-appreciation of home prices like in hot markets in ...
- With all the news about mortgage lenders struggling and borrowers defaulting, it seems like a good time to review some principles about shopping for a mortgage. If you're looking at an adjustable rate loan that is about to go up or if you've got a ...
- The government should first look at the root cause, the mortgage loans that people find difficult to pay. If they had addressed that when the folks on Main Street first started saying we have a problem, we wouldn't be where we are. Q: But what you're ...
- We all owe a debt of thanks to the wingnuts and the populists, the soldiers of the far left and (gulp) the far right, the know-nothings and the know-it-alls, the income redistributionists and the free-market fundamentalists -- all the skeptics who ...
- WASHINGTON - Rates on 30-year mortgages have risen for a second straight week, climbing to the highest level in a month. Freddie Mac , the mortgage company, reported yesterday that 30-year, fixed-rate mortgages averaged 6.10 percent this week, up ...
- Lawyers for Washington Mutual Inc. and its bondholders stood before a Delaware bankruptcy court judge on Friday to tussle over assets — including $5 billion in cash — and set timelines for the organized demise of what was once the nation’s ...
- WASHINGTON— Rates on 30-year mortgages have risen for a second straight week, climbing to the highest level in a month. Freddie Mac , the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.10 percent this week, up ...
- REICHEL: It's not impossible to finance or refinance. It's really dependent on credit score, whether you have equity in the home. ANDERSON: I don't see any way in a bailout or no bailout that we don't have tighter credit, particularly for people who ...
- NEW YORK, Sept 28 (Reuters) - Wachovia Corp is in talks with rivals to be taken over, sources familiar with the situation said on Sunday, after the U.S. bank's shares fell 27 percent on Friday due to concerns about its portfolio of illiquid mortgage ...
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