UBS-US deal failure could lead to more tax evasion lawsuits
Thursday, March 17th, 2011UBS and other Swiss banks could be hit by more tax evasion lawsuits if a landmark settlement between UBS and the United States falls through, Switzerland’s banking regulator warned Tuesday.
Fannie Mae asks for more federal aid after Q1 loss
Wednesday, March 16th, 2011Fannie Mae (FNM.N), the largest U.S. residential mortgage provider, on Monday reported a net loss of $13.1 billion in the first quarter and said it tapped the Treasury for additional aid of $15.3 billion.
Goldman faces second investigation as mortgage assets leave bitter taste
Wednesday, March 16th, 2011Securities and Exchange Commission investigators are focusing on a second mortgage-backed asset created by Goldman Sachs as they attempt to bolster their $1 billion fraud case against the embattled bank.
Record low mortgage rates spur high interest in refinancing, sales
Wednesday, March 16th, 2011Interest rates are falling to hitherto-unseen lows, thanks to a persistently volatile stock market and the ongoing debt crisis in Europe.
Mortgage delinquencies fall but foreclosures up sharply
Tuesday, March 15th, 2011For the first time in two years, fewer homeowners are missing mortgage payments, Treasury Department regulators reported Wednesday, but foreclosures are surging as many loan-modification efforts fail.
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