Borrowers
« Previous Entries Next Entries »BofA to start reducing mortgage principal
Thursday, March 17th, 2011Bank of America Corp. is giving some of its most troubled mortgage borrowers relief from the threat of foreclosure.
Eurozone leaders: Greece plan to stabilize euro
Thursday, March 17th, 2011European leaders on Friday said their hard-won deal to rescue debt-ridden Greece after months of bitter wrangling will help calm jittery markets and stabilize the euro. But market reaction was cautious and experts warned the crisis had already dented the eurozone’s credibility.
Stocks rise after increase in consumer spending
Thursday, March 17th, 2011Stocks rose Monday after an increase in consumer spending boosted confidence in the economy.
Fed’s Evans: Monetary policy not effective for pricking bubbles
Thursday, March 17th, 2011Monetary policy is not an effective tool for pricking asset bubbles, but central banks without authority to supervise banks may have no alternative, Chicago Federal Reserve President Charles Evans said Tuesday.
Mortgage Servicer Profits May Threaten Obama Housing Programs
Thursday, March 17th, 2011Mortgage servicers may have to take a pay cut to participate in President Barack Obama’s programs to modify home loans and advance the sale of properties in default.
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