Spitzer in turf war over probe
The U.S. Office of the Comptroller of the Currency and a group of banks the agency oversees filed separate suits against Spitzer, asking a federal judge to stop him from investigating whether lenders charged …
via
Fed Expected to Maintain Current Rates Federal Reserve Chairman Ben Bernanke and his colleagues are expected to strike a reassuring tone about the country's economic health Wednesday despite persistent worries that problems with risky mortgages ...Commentread
Morgan Stanley hired to study mortgage giants (Courier-Post) The Treasury Department said Tuesday it had hired investment firm Morgan Stanley to help the government assess the risks facing mortgage giants Fannie Mae and Freddie Mac.read more...
Rising Inventory of Unsold Homes Is Likely to Put Pressure on Prices Home inventories increased 4.7% in August from July in 18 metropolitan areas, likely putting more downward pressure on prices. The biggest increases -- 16% in the Dallas area and 13%
Analysts say UK plan may ease 35 bln stg mortgage overhang (Reuters via Yahoo! UK & Ireland News) A mooted plan by the British government and the Bank of England to allow banks to swap mortgage-backed securities for government bonds could give a meaningful boost to the troubled
Even a pro has to deal with clutter Mark Nash lives in a spacious 1920 Chicago bungalow with handsome leaded windows and a red clay tile roof.Commentread more...
FSA outlines details of mortgage and insurance regulation review (Insurance Business Review) UK regulator the Financial Services Authority has set out further details of its post-implementation reviews of the mortgage and general insurance regimes.read more...