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The New York Times

Banking Troubles, but Not a Word About Fraud Claims

Reading The Times’s coverage of Bank of America’s quarterly loss last week, I almost felt sorry for the financial behemoth. It has mortgage troubles, you see. It has onerous legal costs.

Reverse Mortgage Realities

Adult children have reason to be wary when their parents start talking about reverse mortgages. The loans make sense only for those who plan to stay in their homes for the rest of their lives and can afford to pay property taxes and insurance for that long.

Fed Transferred $79.6 Billion in Earnings to the Treasury Last Year

The Federal Reserve paid $79.6 billion to the Treasury Department in 2013 as the Fed’s enormous investment campaign to stimulate economic growth continued to generate windfall profits for taxpayers.

Rates Rising for Modified Loans

The federal government’s Home Affordable Modification Program, known as HAMP, was designed to keep borrowers from losing their homes to foreclosure. It has resulted in lower monthly mortgage payments for more than a million homeowners.

Retiring on the House: Reverse Mortgages for Baby Boomers

As baby boomers age, reverse mortgages are expected to gain popularity as a means of covering living expenses.

Banks Keep Their Mortgage Litigation Reserves a Secret

From JPMorgan Chase's $13 billion settlement over mortgage securities lawsuits brought by bondholders, a barrage of litigation has been raining down on Wall Street banks.

New York's Mortgage Bank Hunter May Not Be Able to Direct His Spoils

More than a yeah back, the New York State Attorney General, Eric T. Schneiderman, came home bearing a legal pelt.

A Big Push From Small Lenders

Big banks like Wells Fargo and Bank of America still rule the mortgage market, but their collective dominance has waned considerably over the last three years.

Behind the Headline Numbers of a Mortgage Settlement

Corporate America has long known the public relations power of putting a big dollar number on a deal.

Bank of America to Pay $131.8 Million Penalty in Mortgage Deals

The fallout from the bursting of the housing bubble continues to plague Wall Street. Bank of America agreed on Thursday to pay the Securities and Exchange Commission a $131.8 million penalty to settle an investigation linked to the structuring and sale of two complex mortgage securities that its Merrill Lynch division sold to investors.