Wall Street Split as Money Managers Fault Bank Foreclosure Deal

Wall Street’s biggest lobbying group is split over a proposed settlement of state and federal foreclosure probes, after a committee of money managers signaled it opposes terms letting banks push some costs onto bondholders.

Fitch: Sharp Rise Expected in Cost to Service Mortgage Loans

Fitch Ratings says housing recovery in the U.S. has been unhurried, and banks have been forced to shoulder higher foreclosure expenses. Fitch feels increased foreclosure costs comb

Wall Street Split Over Bank Foreclosure Deal

Wall Street's biggest lobbying groupis split over a proposed settlement of state and federalforeclosure probes, after a committee of money managers signaledit opposes terms letting banks push some costs ...

Foreclosure epidemic affects families, businesses, city services

My wife has a melodrama that she performs using her index finger as the lone prop. The heroine is represented by a high squeaky voice and the index finger placed on my wife's head like a bow. The villain banker has the index finger for a mustache. The hero has the deep voice and a bow tie. read more

Quinn, Preckwinkle team up on foreclosure program

The state of Illinois is teaming with Cook County on a trial program in which a loan fund will be created to buy vacant foreclosed homes, renovate them and resell them to home buyers at low interest rates.