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Current Banks News Today U.S. banks agree to $25 billion in homeowner help WASHINGTON (Reuters) - Five big U.S. banks accused of abusive mortgage practices have agreed to a $25 billion government settlement that may help roughly one million borrowers but is no magic bullet for the ailing housing market. The record state-federal settlement will spread relief widely in the form of mortgage relief and $2,000 payments to borrowers who lost their homes to foreclosure. ... Thu, 09 Feb 2012 14:42:57 -0800 Banks agree $25 bn deal for US homeowners President Barack Obama and top US mortgage lenders unveiled a landmark $25 billion deal Thursday to help struggling homeowners get back on their feet and to untether the moribund housing market. Thu, 09 Feb 2012 14:36:21 -0800 Banks Agree to $25 Billion to Help Homeowners Bloomberg reports that US Banks have reached a $25 billion agreement to pay homeowners in one of the largest federal-state civil settlement in the nation's history. It is estimated there are 10 million-plus homes underwater. Thu, 09 Feb 2012 14:32:33 -0800 Canadian banks rethink record low mortgage rates TORONTO (Reuters) - Canada's big banks, which entered a mini-price war on mortgages last month, are now raising their rates ahead of schedule, due to higher costs that make the cheap mortgages more expensive to fund. Royal Bank of Canada and Toronto-Dominion Bank , which had offered a record-low rate of 2.99 percent on a four-year mortgage, said on Wednesday they were cancelling the offer, well ... Thu, 09 Feb 2012 14:48:21 -0800 Banks, states reach $26 billion foreclosure deal After more than a year of negotiations, the biggest banks, states and federal authorities announce a settlement for more than $26 billion over foreclosure abuses. Thu, 09 Feb 2012 07:16:56 -0800 |
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