Fed's Lacker Says Central Banks Have Set 'Unhealthy' Precedents Bloomberg Federal Reserve Bank of Richmond President Jeffrey Lacker said central bankers are setting "unhealthy" precedents by expanding their involvement in credit markets. "I'm a skeptic," Lacker, 57, said today during a panel discussion at the National Association ...

While a massive restructuring effort to lay off 11,000 and cut billions from the budget is already underway, Citigroup CEO Michael Corbat sounded a clear message to investors and analysts on Tuesday: I could wield the axe further if necessary.

ResCap Will Get More Time to File Exit Plan, Judge Says Businessweek Residential Capital LLC should get more time to file an exclusive plan to reorganize while the bankrupt mortgage company remains in mediation with creditors, who say talks have stalled, a judge said. U.S. Bankruptcy Judge Martin Glenn in Manhattan today ... and more »

This week is National Consumer Protection Week and the U.S. Department of the Treasury wants to remind homeowners to beware of scams when seeking assistance with their mortgage concerns. Mortgage assistance and foreclosure rescue scams are a serious risk to homeowners who are unsure of where to turn for help. The most telltale sign of a mortgage assistance scam is when an upfront fee is required. Treasury works closely with government, non-profit and private industry partners to identify and stop these scams, including those that impersonate government programs. But homeowners should know the warning signs so that they can protect themselves, their money and their homes. Below are some important tips in English and Spanish. Tips to Avoid Scams 1. Beware of anyone who asks you to pay a fee in exchange for counseling services or the modification of a delinquent loan. 2. Beware of people who pressure you to sign papers immediately or who try to convince you that they can "save" your home if you sign or transfer over the deed to your house. 3. Do not sign over the deed to your property to any organization or individual unless you are working directly with your mortgage company to forgive your debt. 4. Never make a mortgage payment to anyone other than your mortgage company without your mortgage company's written approval. Homeowners can always get help from a HUD-approved housing counselor for free . If you believe you have been the victim of a foreclosure rescue scam, please report it online or by calling the Homeowner's HOPE™ Hotline at 1-888-995-HOPE (4673). Consejos para evitar estafas 1. Cuídese de alguien que le pide dinero para aconsejarle o modificar un préstamo moroso. 2. Cuídese de personas que le presionan para firmar documentos inmediatamente o que intentan convencerle que pueden "salvarle" su vivienda si firma o transfiere la escritura de su vivienda. 3. No firme la escritura para traspasar su propiedad a ninguna organización o persona...

In October 2007, the housing market was in the direct path of a massive foreclosure storm. Today, it is still picking up the pieces.

Today, Fannie Mae (FNMA/OTC) announced Servicer Total Achievement and Rewards (STAR ) Program's Scorecard results for 2012.

U.S. economic confidence fell to -22 last week from -13 the prior week, with most of the drop occurring after the sequester deadline passed. Economic confidence had held at the five-year monthly high of -13 in February.

The regulator of Fannie Mae and Freddie Mac announced one of the most concrete efforts to date for building a new infrastructure that could ultimately replace Fannie and Freddie.