Reuters - A judge questioned why Bank of America Corp’s $8.5 billion settlement with mortgage securities investors was being rushed for approval and whether the trustee that negotiated it treated investors fairly.

Reuters - A judge questioned why Bank of America Corp’s $8.5 billion settlement with mortgage securities investors was being rushed for approval and whether the trustee that negotiated it treated investors fairly.

Reuters - Bank of America Corp was sued by the trustee of a $1.75 billion mortgage pool, which seeks to force the bank to buy back the underlying loans because of alleged misrepresentations in how they were made.

Reuters - Big media’s results are holding up well in the face of a bleak economic outlook. Now, the question is how long can they outrun high unemployment, a lousy housing market and low consumer confidence?

Reuters - Applications for U.S. home mortgages slipped last week after a sharp jump the week before and as interest rates edged up, an industry group said on Wednesday

Reuters - Taylor, Bean and Whitaker Mortgage Corp’s former chairman, convicted of masterminding a $2.9 billion fraud scheme before the company collapsed, was sentenced on Thursday to 30 years in prison.

U.S. News & World Report - Seniors will have fewer avenues to secure steady retirement income, now that the two largest lenders in the reverse-mortgage business have decided to discontinue offering the product.

Reuters - U.S. prosecutors have urged a judge to send the former chairman of bankrupt Taylor, Bean & Whitaker Mortgage Corp to prison for the rest of his life for masterminding the $2.9 billion fraud scheme that took down the company.

U.S.

Reuters - Sales of new homes in the United States were down 2.1 percent in May, but inventories hit a record low due to reduced production, the U.S. Commerce Department said.