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You and I are paying legal fees for Fannie, Freddie execs accused of fraud in financial crisis
While Mercer County was spared the worst of the foreclosure crisis, a new survey from Princeton University shows stark gaps in foreclosure filings based on race and income and warns more foreclosures could be on the horizon based on the number of homeowners with houses that are worth less than their mortgages.

Homeowners seek help at Burlco forum

Posted by mortgage 78 days ago (Editorial)
Sally Spencer walked into the John F. Kennedy Center in Willingboro hoping for a miracle. The single mother of two works full time and cares for her 16-year-old autistic son, Salvatore.
WASHINGTON (Reuters) - Civil rights advocates took extraordinary steps over the last three months to persuade the city of St. Paul, Minn., to withdraw a fair-housing case the U.S. Supreme Court had already agreed to hear, reflecting their expressed fears about the court under Chief Justice John Roberts. Their successful effort, actively joined by the U.S. Justice Department and former Vice ...
CHARLOTTE, North Carolina (Reuters) - Investors are starting to recognize Bank of America Corp's efforts to build capital and streamline operations, but the bank still needs to show it can boost profits, Chief Executive Officer Brian Moynihan said in an interview this week. One promising sign is the second-largest U.S. bank by assets is attracting new customers for innovative services such as
Residential Credit Solutions says it faces no charges of wrongdoing "and has not been accused of fraud."
Even in an industry full of risk takers, James Dondero stands out.

Powerful Chinese Backers for Apple iPad Rival

Posted by mortgage 87 days ago (Editorial)
Some of the nation?s biggest banks also are opposing the technology giant in Apple's legal fight for the iPad name in China
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