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.
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Analysis: Obstacles high for more mortgage prosecutions (Reuters)
Homebuilders see stable housing market ahead (AP)
AP - The CEOs of some of the nation’s biggest homebuilding companies say the housing market appears to have stabilized.
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.
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.
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. housing market in 2007 to keep the value of bonds based on subprime mortgages artificially high, authorities said Wednesday.
Exclusive: Mortgage deal would give states enforcement clout (Reuters)
Reuters - A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.
U.S. regulator kicks off foreclosure sales plan (Reuters)
Reuters - The regulator for housing finance firms Fannie Mae and Freddie Mac said on Wednesday investors could now sign up to pre-qualify to bid on foreclosed properties held by the government-controlled firms.
States to decide this week on mortgage deal (Reuters)
Reuters - State and federal officials are close to a settlement with the largest U.S.
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