'uneven' Mortgage-plan Results

WSJ.com: What's News US, Wall Street Journal
Tue, 08/04/2009 - 7:57am

The Treasury said less than 10% of eligible borrowers have received trial modifications under the White House's effort to help struggling homeowners.

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Banks Revive Risky Loans and Mortgages
Investments that were vulnerable in the last financial crisis and believed to be gone for good have largely escaped new rules that were made to prevent another crisis. More
Fannie earns $17.2B in 2012, biggest annual gain
Fannie Mae earned $17.2 billion last year, the biggest annual profit in the U.S. mortgage giant's history, helped by a record fourth quarter. More
Fewer underwater homeowners at regional, national level
The number of underwater homeowners in the Washington area decreased again in the last quarter of 2012, continuing a trend that has brought relief to thousands of borrowers. More
Judge questions fairness of Citigroup $590 million settlement
A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup Inc's proposed $590 million settlement of a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets. More
What Happens When The Federal Reserve Stops Artificially Boosting The Economy, And Should You Worry About It?
To quell the latest financial crisis, the Federal Reserve smashed interest rates to the floor by buying bonds with money it effectively prints. Since 2008 assets on the Fed’s balance sheet, including those bonds, have tripled, to $3 trillion. (Hey, people needed encouragement, and low rates are encouraging.) The mixed results: Entrepreneurs and homeowners got some relief, while savers got whacked along with the value of the U.S. More

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