MORTGAGE

The U.S. government said Wednesday Bank of America's fraud and recklessness cost taxpayers $1 billion.

Two easily overlooked charts on the state of the Spanish housing market show the situation in the country is likely to get even worse.

Despite a huge U.S. federal debt and prospects of a so-called fiscal cliff, foreign governments continue to snap up U.S. government debt.

Nationwide, foreclosures have declined to 2007 levels. States like New Jersey and Florida are still reeling, however.

Wells Fargo and Co. (NYSE: WFC) may get a substantial boost from the housing recovery.

A lawsuit filed Tuesday by the federal task force meant to go after those who caused the financial crisis of 2008 hit Wells Fargo and Co., the nation's largest mortgage shop.

Swing states dominate the agenda for Mitt Romney, who's in Nevada, and Paul Ryan, who campaigns in Florida.

The taxpayer-owned Fannie Mae paid more than legally required to Bank of America Corp (NYSE: BAC) and 12 other lenders when it spent $1.5 billion in termination fees for servicing rights on 1.1 million loans between 2008 and 2011. The mortgage giant argues that while it paid a premium over the minimum required price, it paid for the transfers at an ?appropriate rate.?

London copper slipped on Monday, but still retained most of the previous session's steep climb to a 4-1/2 month top as a new round of U.S. monetary stimulus measures and a weak dollar continued to support prices.

Asian stock markets posted their biggest weekly gains in almost nine months after the U.S. Federal Reserve announced that it would purchase $40 billion in mortgage-backed securities per month for an open-ended period until the labor market improved substantially.

If sales following the iPhone 5 release date are as high as analysts predict, the Apple smartphone could aid the struggling US economy. .

Ron Paul's campaign against the Federal Reserve had made some headway last summer, but even Republicans who dislike the Fed's decision to start a new round of easing aren't as drastic as him in attacking the central bank

As national elections swing into high gear this fall, one thing is for sure: Politicians from both political parties will be making promises. These promises will be grand in scope, short on specifics, and, unfortunately, likely to produce unintended consequences.

Government-owned Fannie Mae and Freddie Mac, which were set up to help blue-collar and middle-class workers buy their own homes at lower interest rates, are also helping the nation's one percent to purchase luxurious homes.

Asian stock markets rallied to a four-month high Friday after the U.S. Federal Reserve launched another large scale of asset purchase program overnight to stimulate the world's largest economy.

European markets rose Friday as investor sentiment turned positive following the announcement of another round of quantitative easing by the U.S. Federal Reserve.

Crude oil prices advanced in Asian trading Friday, extending overnight rally after the U.S. Federal Reserve launched another round of quantitative easing to rejuvenate the economic growth.

Asian stock markets made gains Friday as investor confidence was lifted following the announcement of another round of quantitative easing by the U.S. Federal Reserve which is expected to rejuvenate the economic growth.

The Fed's decision to increase securities purchases by $40 billion per month - QE3 - exceeded analysts' expectations, and in his press conference Bernanke outlined the central bank's reasons for the move.

Citi Habitats, the city's largest rental brokerage, said Manhattan's residential vacancy rate jumped to a three-year high in August as rents continued to escalate.

The Federal Reserve will begin buying more than $80 billion of securities per month in the third attempt at stimulating the U.S. economy by boosting the central bank's balance sheet.