The Mortgage Servicing Process

Did Fannie Mae Overpay Bank Of America For Servicing Rights?

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.?
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48 Hours In Malaysia’s Historic, Food-Loving Penang

Just off Malaysia's west coast on the Straits of Melaka, Penang island is a key Southeast Asian crossroad that historically brought together traders and armies from across the world -- creating a huge repository of culinary delights.
The tail fin of the Boeing 787 Dreamliner is seen at the 2010 Farnborough International Airshow

Air India Receives First Boeing 787 Dreamliner

Air India took delivery of its first Boeing 787 commercial widebody airplane on Thursday at Boeing Co's final assembly plant after a months-long dispute between airline and manufacturer over compensation for a four-year production delay.
Bob Diamond

British Parliament Bashes Bob Diamond In LIBOR Report

The British parliament criticized former Barclays Plc (London: BARC) CEO Bob Diamond in a report released Saturday, saying that he failed to fully disclose the bank?s illegal practices during testimony on the LIBOR scandal.

Facebook Settles Privacy Complaints With FTC Without Fines

Facebook (Nasdaq: FB), the No. 1 social networking site, has finally settled charges with the U.S. Federal Trade Commission that it deceived members about their privacy rights. Although it won’t pay a fine, it agreed to be monitored by the FTC for 20 years. If violations are found, it could be subjected to civil penalties up to $16,000 per offense.


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