Bank Mortgage Secrets

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Bank of America Announces Agreements in Principle With Federal and State Authorities on Mortgage MattersBank of America Corporation today confirmed it has joined the other four largest mortgage servicers in agreeing in principle to the terms of a global settlement resolving federal and state investigations into certain origination, servicing and foreclosure practices.Business Wire via Yahoo! Finance - 1 hour, 33 minutes ago
Bank of England backs another stimulusThe Bank of England is to inject another 50 billion pounds ($79 billion) into the British economy, which contracted in the last three months of 2011 and is likely to face further difficulties as Europe struggles to contain its raging debt crisis.Associated Press via Yahoo! News - Feb 09 04:45am
Bank of England pumps more cash into economy to support recoveryLONDON (Reuters) - The Bank of England voted to inject more cash into the economy to shore up a fragile recovery and shield the country from fallout from the unresolved euro zone debt crisis. The central bank said on Thursday it would buy another 50 billion pounds of assets - mostly government bonds - with freshly printed money, taking the total to 325 billion pounds, as economists had expected ...Reuters via Yahoo! News - Feb 09 05:16am
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Deutsche Bank to defer some bonuses - sourceLONDON (Reuters) - Germany's Deutsche Bank will defer any part of an employee's bonus above 200,000 euros ($264,800) this year, a source close to the bank said, making it the latest industry player to limit pay in the face of fierce criticism of the industry. Any staff with a bonus at or below the maximum would see half of it in cash, and half of it in equity shares that they can sell in August ...Reuters via Yahoo! News - Feb 08 09:02am
Bank of America's Worst-Case Scenario Gets More Real (Update 1)Bank of America's exposure to mortgage put-backs could balloon, according to an analyst.TheStreet.com via Yahoo! Finance - Feb 09 10:17am
Bank of England backs $79 billion money injectionThe Bank of England said Thursday it will inject another 50 billion pounds ($79 billion) into the British economy, which contracted in the last three months of 2011.Associated Press via Yahoo! News - Feb 09 04:51am
Bank of England Expands Asset Purchases to Prop EconomyThe central bank kept its benchmark interest rate at 0.5 percent but said it would increase its program to buy government bonds and other assets by £50 billion, to 325 billion.New York Times - Feb 09 04:16am
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