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NY's AG isn't backing down from Wall Street probe (AP) 2/10/2012 4:11 PM

FILE- In this March 18, 2011 file photo, New York Attorney General Eric Schneiderman answers a a question during a news conference in his New York City office. Although shrugging off the “sheriff of Wall Street” title, Schneiderman stood firm against major banks when he rejected a settlement over the mortgage collapse a year ago, because it shielded them from future investigations (AP Photo)AP - New York Attorney General Eric Schneiderman, a lead investigator into the mortgage collapse that wobbled the U.S. economy, hasn't taken the title "Sheriff of Wall Street" that one of his predecessors rode all the way to the governor's mansion.


Bernanke urges action to heal housing markets (Reuters) 2/10/2012 2:45 PM
Reuters - Federal Reserve Chairman Ben Bernanke on Friday issued a call to action to restore U.S. housing markets, saying depressed house prices and sales are a serious drag on the economic recovery.
The Foreclosure Deal: Obama and the Banks Win Big While Homeowners See Modest Reward (Time.com) 2/10/2012 12:45 PM
Time.com - Overall, it's a clear win for Obama and Democrats, a qualified win for the banks, and a minor, belated victory for homeowners
Housing a "significant headwind" to recovery: Fed's Pianalto (Reuters) 2/10/2012 12:34 PM
Reuters - The housing market is holding back the broader economic recovery now that foreclosures have become "a national crisis," a top Federal Reserve official said on Friday.
Bernanke urges action to heal U.S. housing markets (Reuters) 2/10/2012 11:57 AM

U.S. Federal Reserve Chairman Ben Bernanke speaks about housing markets in transition at the International Builders' Show organized by the National Association of Homebuilders in Orlando, Florida February 10, 2012. REUTERS/David Manning (UNITED STATES - Tags: BUSINESS POLITICS REAL ESTATE)Reuters - Federal Reserve Chairman Ben Bernanke on Friday issued a call to action to restore U.S. housing markets, saying depressed house prices and sales are a serious drag on the economic recovery.


Hawaii joins $25B mortgage servicing settlement (AP) 2/10/2012 9:18 AM
AP - Hawaii has joined what's being called a landmark $25 billion federal-state agreement with the nation's five biggest mortgage servicers.
W.Va. gets $34m in national mortgage lending deal (AP) 2/10/2012 8:30 AM
AP - A settlement between mortgage lenders and states over foreclosure abuses includes nearly $34 million for West Virginia.
U.S. banks agree to $25 billion in homeowner help (Reuters) 2/10/2012 8:30 AM

A view of a house for sale is seen in Los Angeles in this February 24, 2010 file photo. REUTERS/Mario Anzuoni/FilesReuters - Five big U.S. banks accused of abusive mortgage practices have agreed to a $25 billion government settlement that may help roughly one million borrowers but is no magic bullet for the ailing housing market.


'Shadow Inventory' Is Killing the Housing Market (Time.com) 2/10/2012 4:20 AM
Time.com - One factor hurting the prices of homes that are for sale is the enormous number of homes that aren't for sale but that should be
For America's hard-hit homeowners, little relief from settlement (Reuters) 2/9/2012 11:12 PM
Reuters - Crystal Morello's family pleaded for months with their lender for a cheaper mortgage on their family home in Belleville, Michigan. But time ran out last summer, and they left before they were evicted.
California to get $18 billion under mortgage deal (Reuters) 2/9/2012 4:45 PM

U.S. Attorney General Eric Holder (R) and U.S. Housing and Urban Development Secretary Shaun Donovan (at podium) announce February 9, 2012 in Washington that the federal government and 49 state attorneys general have reached a $25 billion agreement with the nation's five largest mortgage servicers to address mortgage loan servicing and foreclosure abuses. REUTERS/Gary CameronReuters - California's attorney general said on Thursday her state will receive up to $18 billion in benefits under a federal-state mortgage settlement to be announced later today.


What settlement will and won't do for homeowners (AP) 2/9/2012 4:26 PM
AP - The mortgage settlement that government officials announced Thursday is intended to help victims of foreclosure abuses that followed the housing bust.
Mortgage rates for the past 52 weeks, at a glance (AP) 2/9/2012 3:47 PM
AP - Mortgage rates for the past 52 weeks, at a glance
Timeline of events of nationwide mortgage deal (AP) 2/9/2012 3:34 PM
AP - On Thursday, 49 states reached a $25 billion deal with the nation's biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst.
Rate on 30-year mortgage stays at record 3.87 pct. (AP) 2/9/2012 3:32 PM
AP - The average rate on the 30-year fixed mortgage stayed at a record low this week, providing some added incentive for those looking to buy a home or refinance.
U.S. bank regulators roll fines into mortgage pact (Reuters) 2/9/2012 2:23 PM
Reuters - The Federal Reserve announced on Thursday it has reached an agreement with five U.S. banks on penalties totaling $766.5 million over problems in their mortgage servicing businesses as part of a larger $25 billion foreclosure deal struck between the banks and state and federal agencies.
Obama: Mortgage deal turns page on reckless era (AP) 2/9/2012 11:48 AM
AP - President Barack Obama says a $25 billion settlement between mortgage lenders and states over foreclosure abuses "will begin to turn the page on an era of recklessness that has left so much damage in its wake."
Will $26 billion settlement from big banks repair US housing market? (The Christian Science Monitor) 2/9/2012 11:25 AM
The Christian Science Monitor - In a historic settlement, five of America’s largest banks have agreed to pay $26 billion to settle a lawsuit charging poor servicing of mortgages as they went bad and illegal use of automatic signature devices on legal documents for the years 2008-11.
Colorado to get $205 million in foreclosure relief (AP) 2/9/2012 10:55 AM
AP - Colorado Attorney General John Suthers says Colorado will get about $205 million as part of a multistate settlement with the nation's five largest national banks over home foreclosures.
Hard-hit Californians more optimistic about economy (Reuters) 2/9/2012 2:08 AM
Reuters - Two thirds of Californians believe their personal financial situation will improve in the next 12 months, a sign that residents in one of the hardest-hit states in terms of unemployment and foreclosures are becoming more optimistic about the U.S. economy, according to a survey issued on Thursday.

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