NYTimes: Inside the Fed in 2006: A Coming Crisis, and Banter

From The New York Times:

Inside the Fed in 2006: A Coming Crisis, and Banter

Top policymakers did not seriously consider the idea that problems in the housing market would bring a recession, newly released transcripts show.

http://nyti.ms/xgbsUk

NYTimes: Big Banks Struggle to Help Customers on Twitter

From The New York Times:

BUCKS BLOG: Big Banks Struggle to Help Customers on Twitter

Customers like the speed of sending a question to their bank by Twitter, but big banks find this form of customer service to be challenging.

http://nyti.ms/y6TFDN

NYTimes: Unemployed Mortgage Holders Get Extension on Payments

From The New York Times:

Unemployed Mortgage Holders Get Extension on Payments

Fannie Mae and Freddie Mac say they will extend their existing programs so that unemployed borrowers can defer part or all of their monthly payments for up to 12 months.

http://nyti.ms/AmKWuP

NYTimes: Top Executive Announces Plan to Leave Fannie Mae

From The New York Times:

Top Executive Announces Plan to Leave Fannie Mae

Michael Williams, who has led the company since the government took it over, said Tuesday that he would step down after a successor was found.

http://nyti.ms/wJJLz3

NYTimes: MetLife to Close Mortgage Unit

From The New York Times:

MetLife to Close Mortgage Unit

Wanting to avoid further federal oversight, MetLife will no longer originate home mortgages.

http://nyti.ms/x4GwSn

NYTimes: Big Banks Face Inquiry Over Home Insurance

From The New York Times:

Big Banks Face Inquiry Over Home Insurance

New York State is investigating whether several banks fraudulently steered homeowners into overpriced policies.

http://nyti.ms/yFfvjr

NYTimes: Consumer Borrowing Soared in November

From The New York Times:

Consumer Borrowing Soared in November

Americans increased their borrowing in November by the largest amount in a decade, the Federal Reserve said, a sign to some analysts of their growing confidence in the economy.

http://nyti.ms/AwONIm

Houses not out of reach

JournalGazette.net - Home | The Journal Gazette | Fort Wayne, IN
http://www.jg.net/article/20120108/FEAT07/301089967/1031/BIZ

Article: Clinton: Housing is key to fixing nation's economy - Santa Cruz Sentinel

Clinton: Housing is key to fixing nation's economy - Santa Cruz Sentinel
http://www.santacruzsentinel.com/usnews/ci_19702030

NYTimes: From East and West, Foreclosure Horror Stories

From The New York Times:

FAIR GAME: From East and West, Foreclosure Horror Stories

There is still no nationwide settlement over practices at mortgage servicing companies. But a couple of state attorneys general have been taking matters into their own hands.

http://nyti.ms/ymCeMp

NYTimes: Raskin Urges Penalties on Mortgage Servicers

From The New York Times:

Raskin Urges Penalties on Mortgage Servicers

Sarah Bloom Raskin, the Federal Reserve governor, said penalties must be imposed on banks that entered into an agreement with regulators on fixing problems in their mortgage servicing businesses.

http://nyti.ms/yMOP7R