Bank of America says it'll resume foreclosures in almost two dozen states this week. The bank had halted foreclosures nationwide after discovering problems with paperwork. Marketplace's Nancy Marshall Genzer reports.
The latest foreclosure mess is bringing everyone to battle. Kai Ryssdal speaks to Peter Swire, a former White House advisor on housing and foreclosures, about why he thinks someone needs to sign on the dotted line of blame.
Can there be a world without overdraft fees? Not entirely, but they may not be as much. Banks like Bank of America seem to moving away from charging fees upon existing customers to drive profits from consumers. Alisa Roth reports.
In light of the foreclosure paperwork fiasco, investors at private funds and mortgage-investment giants are looking to get their money back. And as Bob Moon tells Kai Ryssdal, they may just be able to, thanks to something called a "put back."
Bank of America lost more than $7 billion in its latest quarter whle Goldman Sachs reported it made nearly $2 billion. Why the disparity in this morning's earnings? David Kelly, JP Morgan Funds chief market strategist, talks the details with Steve Chiotakis.
There's no doubt that in light of the faulty paperwork by banks, the foreclosure crisis has become a huge tangled mess. Who's to blame and how much punishment is deserved? Kai Ryssdal talks to Congressman Alan Grayson about how much of it may have been deliberate systemic fraud.
Today marked the deadline for mortgage lenders to review their foreclosure procedures, in the wake of the latest discoveries about faulty paperwork. Fannie Mae and Freddie Mac stand among the major players. Bob Moon reports on how it's coming along.
