Fed may need to buy more mortgage bonds: Williams

The U.S. central bank may need to buy more bonds to bolster a housing market whose distress is at the heart of a frustratingly slow economic recovery, a top Federal Reserve official said on Wednesday.

Fed May Resume Bond Buying, SF Fed President Says

The president of the Federal Reserve Bank of San Francisco said Wednesday the Fed may resume expanding its balance sheet to boost the U.S. economy if the recovery loses momentum or inflation stays below two percent.

Stock Futures Signal Higher Wall Street Open

Stock index futures pointed to a slightly higher open for equities on Wall Street on Wednesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 0.2 to 0.3 percent.

Eyes on dissident states as mortgage deal nears

A broad settlement with major banks over mortgage servicing abuses that would bring relief to distressed U.S. homeowners could be announced as early Thursday, two people familiar with the matter said.

Skateboarder Hoffart living the dream in California

Ever since Jordan Hoffart decided to turn his back on the seemingly incessant rain of his native Vancouver, he has been living his dream as a professional skateboarder in the perpetual sunshine of southern California.

Banks largely reserved for U.S. mortgage pact cost

As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines.

Delaware officials wrestle over mortgage deal

Delaware stands to leave up to $40 million in homeowner relief on the table, if it does not join a multi-state mortgage settlement, according to a letter from the state's banking commissioner seen by Reuters on Tuesday.

Bank of America’s Tower to be Sold at Open Outcry Auction

The Bank of America tower in Atlanta has taken the U.S. foreclosure crisis to new heights. The 55-storey tower, situated in Atlanta, is set to be sold at an open outcry auction Tuesday after landlord Bentley Forbes missed mortgage payments.

U.S. Economy: An Upbeat Start Seen in 2012, Says Expert

The domestic economic evidence in the U.S. has remained upbeat in early 2012, with a much better than expected employment report for January being the latest piece of good news according to the report by IHS Global Insight.

Mortgage deal faces setbacks, again

A multi-state mortgage settlement in the works for more than a year will likely be pushed back again as dissident U.S. states continue to press specific concerns and ignore a Monday deadline to decide whether they will sign it.

Housing plan helps nearly 1 million homeowners

Nearly 1 million U.S. homeowners have won permanent reductions on mortgage payments since the Obama administration launched its foreclosure prevention program in 2009, the U.S. Treasury said on Monday, only a fraction of the total it aimed to reach.


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New York sues banks over electronic mortgage system

New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices.
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Goldman to face mortgage debt class-action lawsuit

Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender.
Tracy Morgan

Tracy Morgan on Tom Brady: 'We Was Both in Special-Ed School Together'

Tracy Morgan may be attracting more attention for his behavior lately than his comedy. In addition to accusations of neglecting his mother, Morgan made a memorable appearance on the Jimmy Fallon Show this week. I grew up with Tom Brady, Morgan said on the talk show last night in Indiana. We was both in special-ed school together. Tom Brady used to wear a crash helmet on the little bus, spit on the window.
Roseanne Barr For President: Inside Green Party Campaign By U.S. Comedian

Roseanna Barr For President 2012: Inside Green Party Bid By U.S. Comedian

It's no joke: Roseanne Bar, the comedian best known for '80s sitcom Roseanne, is running for the Green Party's nomination in a bid to become President of the United States. What's her platform? How is she ranked among the other Green Party candidates? And does Roseanne Barr actually have a chance?