Merrill Lynch must face $1 billion lawsuit
Bank of America's Merrill Lynch unit has failed to quash a lawsuit over shoddy mortgage bonds
Supreme Court to decide case on loan officer pay
The Supreme Court has agreed to hear a dispute over whether loan officers are exempt from regulations governing minimum wage and overtime pay
Ocwen mishandled loans, illegally foreclosed on properties – state probe
Ocwen Financial Corporation, already plagued with allegations that it has mishandled customers' loans, has agreed to pay $3.7 million to settle a Massachusetts probe that alleged it illegally foreclosed on properties to which it didn't hold ...
Amount spent on housing affects kids’ cognitive abilities -- report
The cognitive abilities of children in low income families are affected by how much their parents spend on housing, according to a new Johns Hopkins University study
Builder confidence still down, but rising
Builder confidence was up significantly this month, but most builders are still pessimistic about the market
Two more CFPB whistleblowers to be subpoenaed by House
A House subcommittee has voted to subpoena two more whistleblowers who allege discrimination and retaliation at the Consumer Financial Protection Bureau.
Government preparing to sue Citi for fraud -- report
The Justice Department is preparing a fraud lawsuit against Citigroup after talks over a settlement of up to $10 billion broke down, according to reports
Freddie Mac: Prospective home buyers overestimate required down payment
According to a recent study, prospective home buyers commonly believe they'll need a much bigger down payment than they actually will
Fannie, Freddie recapitalization would take 20 years -- official
In an answer to investors who want Fannie and Freddie reprivatized, a Treasury official says that truly rehabilitating the companies would take 20 years -- and in the meantime, taxpayers would be on the hook to bail them out in another down ...
Rate snapshot: MBS prices lower, markets rattle on Iraq news
Early trades had MBS prices lower today, and markets were rattled on news that militants in Iraq were gaining control of northern cities. All this and more in today's rate snapshot