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It's been a little less than three months since President Barack Obama announced the creation of a new task force to investigate the mortgage and banking industries that wrecked the economy, but some liberal activists are already declaring the effort a "sham."
The government released the fine print of its landmark $25 billion mortgage settlement, and promised to closely police the banks' pledges to bring widespread housing relief, even while letting them dodge admission of wrongdoing.
WASHINGTON ? The U.S. government regulator for Fannie Mae and Freddie Mac must do a better job limiting legal expenses paid by the two mortgage giants to their former executives facing lawsuits, a new watchdog report says.

Three Credit Suisse execs cooked books: feds

Posted by mortgage 111 days ago (Editorial)
Looking to fatten their year-end bonuses, a trio of Credit Suisse execs cooked the books as part of a ?colossal fraud? tied to the subprime mortgage crisis, authorities said Wednesday.
Mortgage rates inched up this week, despite the Fed's latest efforts to hold rates low. Some experts worry that as investors gain confidence in the economy, rates may keep climbing.
Mortgage rates inched up this week, despite the Fed's latest efforts to hold rates low. Some experts worry that as investors gain confidence in the economy, rates may keep climbing. Others say there's still plenty of bad economic news to keep rates at
Mortgages shrug off the Federal Reserve's promise to hold short-term rates low for years.

Mortgage rates bloom despite Fed's gloom

Posted by mortgage 118 days ago (Editorial)
Mortgage rates inched up this week, despite the Fed's latest efforts to hold rates low. Some experts worry that as investors gain confidence in the economy, rates may keep climbing. Others say there's still plenty of bad economic news to keep rates at the bottom.

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