NYTimes: For the Recently Widowed, Some Big Financial Pitfalls to Avoid

From The New York Times:

YOUR MONEY: For the Recently Widowed, Some Big Financial Pitfalls to Avoid

A spouse dies, and the widow must handle a variety of financial tasks, like investing and paying taxes, when her emotions are raw.

http://nyti.ms/nOwm4k

NYTimes: Nearly Out of Tricks, Fed May Pare Longer Rates

From The New York Times:

The dispiriting employment report again turned eyes toward the Fed. But it was unclear if the economy's problems were amenable to further monetary salves.

http://nyti.ms/p408iG

NYTimes: Federal Regulators Sue Big Banks Over Mortgages

From The New York Times:

The action is part of a growing attempt to force banks to pay billions of dollars for helping stoke the housing bubble.

http://nyti.ms/pWWaLF

Article: Foreclosures Equal 31% of Home Sales in 2Q :: EDGE Fire Island

Foreclosures Equal 31% of Home Sales in 2Q :: EDGE Fire Island
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NYTimes: U.S. Is Set to Sue a Dozen Big Banks Over Mortgages

The federal agency that oversees Fannie Mae and Freddie Mac is expected to sue Bank of America, Goldman Sachs and others, accusing them of failures in vetting mortgages during the housing bubble.

http://nyti.ms/oSI49N

Goldman, 2 firms agree to stop 'robo-signing' mortgages - chicagotribune.com

http://www.chicagotribune.com/business/breaking/chi-2-major-banks-agree-to-end-robosigning-mortgages-20110901,0,4627089.story

Credit and debit card perks on the chopping block – USATODAY.com

http://www.usatoday.com/money/industries/travel/story/2011-09-01/Credit-and-debit-card-perks-on-the-chopping-block/50208068/1

NYTimes: Buffett Investment Could Erode Confidence in Big Banks

Warren E. Buffett's investment in Bank of America reveals something both infuriating and scary: the bank has not been talking straight about its need for capital.

http://nyti.ms/oIHfDe

Mortgage applications drop 9.6% as refinancing surge dies down

The number of mortgage applications filed by Americans fell 9.6% this past week after experiencing a dramatic surge in volume on low interest rates and refinancing activity.

More: http://bit.ly/r6zMJ7

Article: No floor yet for plunging housing market - InvestmentNews Mobile

http://m.investmentnews.com/article/20110830/FREE/110839994?template=smartphoneart

Article: Housing Market Fix: Speed Up Foreclosures? - Louisville News Story - WLKY Louisville

http://www.wlky.com/r/29035270/detail.html

NYTimes: Nevada Says Bank Broke Mortgage Settlement

Nevada's attorney general wants to end a broad mortgage agreement it struck with Bank of gAmerica in 2008.

http://nyti.ms/qjmpxi

NYTimes: Divisions at Fed Resulted in Compromise on Interest Rates

Debate over aid for the sluggish economy ended with the current low-interest-rate commitment, according to minutes from Aug. 9.

http://nyti.ms/pxkFj3

Recession leaves many in permanent cutback mode – USATODAY.com

http://www.usatoday.com/money/perfi/credit/story/2011-08-29/Recession-leaves-many-in-permanent-cutback-mode/50178814/1

Article: Foreclosure mess here to stay - BostonHerald.com

http://www.bostonherald.com/business/real_estate/view/2011_0829foreclosure_mess_here_to_stay_massachusetts_woes_wont_go_away_till_17_study_says_study_mass_woes_wont_go_away_till_17/srvc=home&position=also

Article: Rising home prices, declining foreclosures offer hope for market | SouthCoastToday.com

http://m.southcoasttoday.com/apps/pbcs.dll/article?AID=/20110827/NEBULLETIN/109010315&template=wapart

More part-time workers stop looking for full-time work

Unemployment remains a huge concern, but the underemployment problem isn't as bad as it used to be. Fewer part-time workers are looking for full-time work -- because they don't mind working part-time after all.

To read the full article, click on this link or copy and paste it into your browser: http://www.chicagotribune.com/chi-more-parttime-workers-stop-looking-for-fulltime-work-20110829,0,3856137.story

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NYTimes: Shake-Up in Mortgage Investigation

From The New York Times:

Shake-Up in Mortgage Investigation

Eric T. Schneiderman, the New York attorney general, has voiced concerns over a proposed settlement over claims of foreclosure abuses.

http://nyti.ms/pfVK5d

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NYTimes: When Income Is Freelance

If you earn most of your income on 1099s, brace yourself for extra preparation, paperwork and discussion of your financial picture when applying for a mortgage.

http://nyti.ms/pMsS0Z

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NYTimes: Profits Falling, Banks Confront a Leaner Future

From The New York Times:

Profits Falling, Banks Confront a Leaner Future

As government lifelines fade and a second recession seems increasingly possible, banks are finding their growth constrained, even as they add new costs for consumers.

http://nyti.ms/n3E9pX

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Article: Desperate dad fleeing foreclosure leaves 11-year-old son behind - TwinCities.com

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Article: CREDO Backs Up Schneiderman in Foreclosure Fraud Fight | FDL News Desk

CREDO Backs Up Schneiderman in Foreclosure Fraud Fight | FDL News Desk
http://news.firedoglake.com/2011/08/26/credo-backs-up-schneiderman-in-foreclosure-fraud-fight/

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NYTimes: Did We Drop the Ball on Unemployment?

From The New York Times:

OP-ED COLUMNIST: Did We Drop the Ball on Unemployment?

In small-town Oregon, it's easy to spot the country's most pressing problem.

http://nyti.ms/pHrWF7

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