The Supreme Court is slated to hear arguments Tuesday in a case that could determine when and how borrowers are allowed to cancel their mortgages.
The Federal Reserve said it sees further improvement in the labor market while confirming it will end an asset-purchase program that has added $1.66 trillion to its balance sheet.
The three-year-old U.S. consumer protection agency said it discovered that the largest mortgage servicers have been mishandling loan modifications and harming borrowers since new rules came into effect in January.
A final piece of Bank of America Corp.'s record $16.7 billion toxic-mortgage settlement is being held up by an internal fight at the Securities and Exchange Commission, said four people familiar with the case.
Making the GSEs out to be the villains of the mortgage crisis is an easy sell to a fearful and angry public, but doesnt make it true. Partly due to this mindset, housing markets remain held hostage.
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