AP - Mortgage giant Fannie Mae's chief executive and a top government regulator warned Friday that canceling bonuses for workers at institutions receiving federal bailout money could undermine efforts to stabilize the U.S. housing market.
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Reuters - An AIG unit and Countrywide Financial Corp, now part of Bank of America Corp , have sued each other, alleging breach of contract, in a dispute over insurance losses for subprime mortgage loans now in default.
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AP - The running joke about student loans: Don't ever graduate, since you don't have to start paying them back until you do.
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Reuters - The U.S. Federal Trade Commission (FTC) will use new authority to bar lending practices by mortgage brokers who have deceived borrowers, Bloomberg said, citing the FTC's chairman.
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AP - A unit of embattled insurer American International Group Inc. filed suit against mortgage lender Countrywide Financial Corp. in California federal court Thursday, alleging Countrywide misrepresented the health of loans that the company insured, resulting in massive losses.
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AP - A unit of embattled insurer American International Group Inc. filed suit against mortgage lender Countrywide Financial Corp. in California federal court Thursday, alleging Countrywide misrepresented the health of loans that the company insured, resulting in massive losses.
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AP - Investors requested $4.7 billion worth of loans from a new government program that aims to jumpstart lending to consumers and small businesses, the Federal Reserve Bank of New York said Thursday.
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AFP - The United States is moving "very quickly" to remove the troubled home mortgage-based assets clogging the banking system, Treasury Secretary Timothy Geithner said Thursday.
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AP - Mortgage rates tumbled to historic lows Thursday after the Federal Reserve's sudden decision to print $1.2 trillion and pump it into the economy, a move that also triggered warning signs of inflation a weaker dollar and the highest oil prices of the year.
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AP - The Federal Reserve is expanding a $1 trillion program aimed at jump-starting consumer and small business lending.
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