Obama mortgage-aid effort is struggling to stem the rising number of foreclosures in US WASHINGTON (AP) — Nearly half of the 1.3 million homeowners who enrolled in the Obama administration’s flagship mortgage-relief program have fallen out. The program is intended to help those at risk of...

by Ellen Brown Mortgages bundled into securities were a favorite investment of speculators at the height of the financial bubble leading up to the crash of 2008. The securities changed hands frequently, and the companies profiting from mortgage payments were often not the same parties that negotiated...

When most of the world was suffering during the recession in recent times, there were a few who took undue advantage of this situation. These scheming minds jumped on the golden opportunity to cash in on other’s adversity. This has exactly been the case with those few companies who had been helping...

by Colin Barr, CNN Money Countrywide is paying the biggest tab yet in settling a subprime class action suit And like it or not, the deal brings a rare bit of good news for some embattled former executives of the troubled mortgage lender, including longtime CEO Angelo Mozilo (right). angelo mozilo A federal...