Reuters - Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender.
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Goldman to face mortgage debt class-action lawsuit (Reuters)
"The Voice" Judges Fire Back at Randy Jackson
Closing out the week with a trio of talents, Ellen DeGeneres welcomed the coaches of “The Voice” to her daytime TV program for a pre-taping of an episode airing on Friday (February 3). Grabbing seats on “The Ellen DeGeneres Show” couches were Christina Aguilera , Adam Levine and Blake Shelton - who are trying their best to build up interest for their music competition series’ second season debut airing after Super Bowl XLVI on February 5th. In a preview of the sitdown interview found below, Christina, Adam and Blake voiced their resentment over critical comments made by “American Idol” judge Randy Jackson, who dubbed “The Voice” as a “second chance place.” In response, the always-outspoken Levine said, “Shame on Randy Jackson for saying that, because he, out of anybody, should know that if you’re in this business you need second, third, fourth and fifth chances
Analysis: Obstacles high for more mortgage prosecutions (Reuters)
Reuters - Despite the determination of President Obama to take Wall Street to court for the financial crisis, prosecutors face an uphill struggle to win more convictions like the two they scored on Wednesday against former Credit Suisse Group AG mortgage traders.
Woman who stole mortgage money and gambled it away, gets prison (Reuters)
Reuters - A former foreclosure counselor who gambled away more than $300,000 she stole from her upstate New York clients was sentenced on Thursday to six years in federal prison.
Illinois accuses mortgage firm of robosigning (Reuters)
Reuters - The attorney general in Illinois on Thursday sued a mortgage document firm and said it filed “faulty” documents with local governments in a rush to process mortgages and foreclosures.
Olivia Wilde Talks Post-Divorce Weight Gain
She’s always been fit and fabulous, but Olivia Wilde recently admitted to gaining weight after she divorced her husband of 8 years Tao Ruspoli last year. The “House” starlet, who is featured in the new film “Butter,” says that after her bachelorette binge, she got back to a more sensible diet
Rate on 30-year mortgage falls to record 3.87 pct. (AP)
AP - The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed.
Rate on 30-year mortgage falls to record 3.87 pct. (AP)
AP - The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed.
Credit Suisse exec charged in NY mortgage probe (AP)
AP - The desire to fatten year-end bonuses motivated a Credit Suisse executive and two of his employees to conspire to hide the deteriorating condition of the U.S.
Obama plan to lower mortgage payments could help, but how much? (The Christian Science Monitor)
The Christian Science Monitor - President Obama fleshed out a new mortgage-relief plan Wednesday, saying the steps he outlines would “help millions of responsible homeowners” and the US economy.
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