Finance & Mortgage
BOfA Made $8.1 Million in 2011
Double Housing Market Blow as Prices and Mortgage Approvals Drop
30-Year Fixed-Rate Mortgage Dips Back Below 4%
EDITOR'S PICKS
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Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
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Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
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What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
Yesterday, Nadya Suleman gave an eye widening view to the world as she posed topless with nude underwear for the UK's Closer magazine. It seems like it might be possible for the world to get an even more exposing view of the mom of 14. FINMA: Scant Improvement In Swiss Mortgage Lending Standards
Switzerland's financial regulator said on Tuesday mortgage lending standards had scarcely improved despite a sharp warning last year in the face of what experts and overseers describe as a growing bubble in the Swiss housing market. Lennar Seeing "Real" Signs Of Housing Recovery
Homebuilder Lennar Corp posted a sharp jump in new orders and said it was seeing real signs of recovery in the housing market, reassuring investors who had turned jittery after a recent string of bad news. China Banking Outlook: Profits Marred By Bad Loans
After years of strong growth, China's biggest banks could face a slump in 2012. Analysts warned that an economic slowdown could trigger defaults by real estate developers and the increase in bad loans would erode Chinese banks' profitability this year. Fannie, Freddie Regulator Says Principal Reductions Would Benefit Banks
The federal regulator of Fannie Mae and Freddie Mac is arguing that principal reductions for home loans would benefit the banks that hold secondary debt while weakening the mortgage giants' finances. Spain's Jobless Immigrants Take On Banks Over Mortgages
Every Tuesday evening dozens of homeowners who cannot pay their mortgages gather in a cramped community center near Madrid's main bullring to discuss strategy to fight their banks. U.S. Regulator Feels Pressure Over Freddie, Fannie
Mortgage giants Fannie Mae and Freddie Mac are being pushed to reduce borrowers' mortgage balances in order to shield U.S. banks from taking losses on distressed housing debt, the companies' regulator said in a Financial Times interview published on Sunday. CCB : China's Largest Mortgage Lender Posts Higher Q4 Profit, Loan Quality Worsens
China Construction Bank <0939.HK><601939.SS>, the world's No.2 lender valued at $193 billion, joined smaller rival AgBank <1288.HK> in reporting earnings lower than the market had expected as China's slowing growth squeezes its top lenders. Wells Fargo Scoffs At Subpoenas In $60B Fraud Probe: SEC
In conducting an investigation of possible fraud in relation to Wells Fargo & Co.'s sale of almost $60 billion in residential mortgage-backed securities, the U.S. Securities and Exchange Commission on Friday requested that a federal court order the country's largest mortgage lender to comply with its subpoenas. SEC Takes Wells Fargo to Court to Enforce Subpoenas
U.S. securities regulators accused Wells Fargo & Co on Friday of repeatedly ignoring its subpoenas for documents in connection with a probe into the bank's $60 billion sale of mortgage-backed securities.
