Housing Market, Investors | featured news

(Image from article: "BofA near $8.5 billion settlement on securities: report")

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Investors revel as housing looks for bottom

Often blamed for helping to create the U.S. housing boom and crash by driving up prices, investors are now being welcomed as a key support for the battered property market.

BofA near $8.5 billion settlement on securities: report

Bank of America Corp is close to a deal to pay $8.5 billion to settle claims from investors that lost money on mortgage-backed securities, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

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