borrowers

BofA in $335M settlement over Countrywide loans (AP)

Ytop stories  Wed, 12/21/2011 - 3:00pm

AP - Bank of America agreed to pay $335 million to resolve allegations that its Countrywide unit engaged in a widespread pattern of discrimination against qualified African-American and Hispanic borrowers on home loans.



 

The Fed's Latest Moves May Fall Flat, Experts Say

NPR Programs: Morning Edition  Thu, 09/22/2011 - 7:00am

The Federal Reserve has announced a plan to drive long-term interest rates even lower. But with borrowers still too cautious to take on additional debt, will the move have a positive effect?

Some experts say they're not holding their breath. "The Fed can only do so much," one analyst says.

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Report: Delinquent Prime Mortgages Double In 1 Year

NPR Programs: Morning Edition  Tue, 12/22/2009 - 5:00am

More creditworthy borrowers are falling behind on their mortgages. It's a sign of growing trouble in the housing market.

A report from two federal agencies finds the number of delinquent prime mortgages has more than doubled from a year ago.

Prime mortgages are loans given to borrowers considered the least risky.