Key questions and answers to the foreclosure crisis

Friday, October 15th, 2010

“Foreclosure” is probably the scariest word in Michigan’s vocabulary right now. The state has joined 49 others in investigating banks’ foreclosure practices amid allegations they evicted people without reading foreclosure documents.---read the article

Swan warns banks over mortgage rates increase

Monday, October 4th, 2010

CANBERRA - Banks have been put on notice by the federal government and finance unions as the chances of an official interest rate rise today diminished marginally on the back of an indicator showing inflation pressures easing.At...---read the article

Banks `Throw in the Towel’ Waitng for Higher Rates to Add Mortgage Bonds

Tuesday, August 3rd, 2010

The biggest banks are adding government-backed mortgage bonds at the fastest pace in 18 months, breaking with an unusual pattern in which they shunned the debt as their loan portfolios shrank during the economic slump, according to Barclays Plc.---read the article

Banks on Europe’s edge face $122-bn refinancing bill

Monday, August 2nd, 2010

Banks in Europe’s most indebted nations need to refinance $122 billion of bonds this year, likely paying high interest costs even after receiving a clean bill of health from regulators. Italy’s Intesa Sanpaolo SpA has the most debt coming due at $28 billion, followed by UniCredit SpA with $21 billion, ...

Homeowner Calls Flood Banks (Washington Post)

Saturday, February 27th, 2010

Administration's $75B plan to steady housing market would help borrowers avoid foreclosure.source

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