MORTGAGE

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.

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.

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.

Bank of America Plaza, the tallest building in Atlanta, will be sold in a foreclosure auction on Tuesday, reflecting continued turmoil in the local real estate market.

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.

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?

The Bank of America is no longer the nation's biggest mortgage servicer in the U.S., according to the latest report.

Tracy Morgan's mother is pleading for her son's help after struggling financially and facing foreclosure. Morgan, however, does not plan to help her.

Morgan’s book delved into his troubled relationship with his mother and his father, who was a Vietnam veteran and heroin addict, who later died of AIDS.

U.S. 30-year fixed-rate mortgage rates dropped to another record low of 3.87 percent in the week ending Feb. 2, down from 3.98 percent in the previous week, according to Freddie Mac.

President Barack Obama called on Wednesday for an expanded homeowner refinance program that would lift restrictions for more borrowers, representing another government effort to aid the ailing housing market.

The BSE Sensex rebounded in late trade on Wednesday to post its highest close in 12 weeks, as metal producers and auto makers jumped, although investors were doubtful the rally could be sustained after a rise of nearly 12 percent so far this year.

Florida's Republican voters go to the polls on Tuesday in a high-stakes presidential primary election that could determine the direction of the race.

Republican frontrunner Mitt Romney maintains double-digit lead in most polls in Florida and hits out at 'sad' rival Newt Gingrich.

On Monday, NPR and ProPublica published a report revealing that Freddie Mac, the government-owned mortgage giant, had purchased $3.4 billion in mortgage securities that became more profitable if homeowners were unable to refinance at lower rates.for homeowners to pay off their mortgages. It's the latest public blow to a firm that has been blamed for its role in the housing crisis, even as it continues to deal with the fallout of the toxic mortgages that it continues to hold

The trial, which is likely to shine a searching light on the adequacy of the bank's management and risk controls, could land Adoboli with a maximum 10-year jail sentence if convicted of the two counts of fraud and two of false accounting.

Top Republican lawmakers on Sunday said they expect to forge a deal with Democrats to extend the payroll tax cut before it expires at the end of February but offered no specifics on how they would pay for it.

The U.S. administration on Friday expanded its main foreclosure-prevention program and pushed to open it to those with loans backed by mortgage giants Fannie Mae and Freddie Mac, a move that could meet resistance from their regulator, the Federal Housing Finance Agency.

The Florida GOP debate that aired on CNN Thursday, marked the 19th debate in the Republican presidential contest, and was the last before the critical Florida primary scheduled for next Tuesday.

Lisa Czibor is positive her listing of the 2005 Chrysler 300C -- one that President Barack Obama reportedly once owned or leased and drove -- will sell for the hefty price of $1 million.

Bank of America Corp was the fourth-biggest U.S. mortgage lender in the fourth quarter of 2011, continuing its descent in the rankings after it stopped buying loans made by smaller banks.