If the Australian government wants to guarantee a return to surplus, there's roughly 6 billion Australian dollars (US$6.44 billion) in their coffers targeted for mortgage-backed bond deals that have possibly overstayed their use.
Shelling out a $25 billion penalty is certainly painful. But it is something bank-stock investors may be able to grin and bear. The reason: The foreclosure-abuse settlement agreed on Thursday among banks, state attorneys general and the ...
The $25 billion settlement with banks over alleged foreclosure abuses will provide financial relief to an estimated one million at-risk borrowers, raising new hopes for an economy still hurting from the mortgage bust.
Foreclosure settlement: The $25 billion settlement with banks over alleged foreclosure abuses will provide financial relief to an estimated one million at-risk borrowers, raising new hopes for an economy still hurting from the mortgage ...
FRANKFURT (MarketWatch) — The U.S. dollar rose on Friday, with investors shying away from the euro and other assets viewed as carrying higher risk after euro-zone finance ministers delayed approval of a crucial bailout package for Greece.
Economists need to get out more -- Ahead of the Tape Shelling out a $25 billion penalty is certainly painful. But bank-stock investors may be able to grin and bear -- Heard on the Street
SAN FRANCISCO (MarketWatch) — The 30-year-fixed mortgage rate held the record low it hit a week ago, while average interest rates on the 15-year-fixed mortgage and other loan products inched higher in response to positive job-market news ...
Australia's retail banks are taking interest-rate matters into their own hands. Westpac and ANZ, Australia's second- and third-largest banks by market cap, hiked variable-rate mortgage rates by 0.1 and .06 percentage point respectively. The ...
The 30-year-fixed mortgage rate held the record low it hit a week ago, while average interest rates on the 15-year-fixed mortgage and other loan products inched higher.
NEW YORK—The Federal Reserve Bank of New York received $3.2 billion from the special entity it created to sell mortgage bonds it acquired in the 2008 bailout of American International Group Inc., according to data released Thursday.
Federal securities regulators plan to warn several major banks that they intend to sue them over mortgage-related actions linked to the financial crisis, according to people familiar with the matter.
A deal to lessen the burden Ireland faces in paying down €31 billion ($41 billion) in promissory notes, or IOUs, the Irish government has pledged for broken banks such as Anglo Irish Bank Corp., will be struck "in the next few weeks", ...
SAN FRANCISCO (MarketWatch) — U.S. financial stocks shed earlier gains and traded down Thursday following the announcement of a widely-expected mortgage settlement between big banks and the government.
Obama Administration officials and various state Attorneys General looked gleeful yesterday announcing a $25 billion settlement with five big tobacco—er, banks—and why not? The bankers coughed up shareholder money to settle a ...
NEW DELHI -- The National Housing Bank, a unit of the Indian central bank that funds mortgage lenders, plans to start the nation's first mortgage guarantee company next fiscal year, as it looks to deepen the housing finance market in the ...