Federal court throws out fraud case against Bank of America

May 24, 2016
The decision could limit the Justice Department’s ability to push for settlements with big banks over the financial crisis.
The Department of Justice had accused Bank of America and the company's mortgage lending unit, Countrywide, of fraud.
Spencer Platt/Getty Images

Help arrives for (some) underwater homeowners

Apr 15, 2016
Mortgage holders who are delinquent and hold too much debt get a federal break .
An eviction team removes furniture during a home foreclosure on September 21, 2011 in Longmont, Colorado. 
John Moore/Getty Images

Household debt is rising, but still below 2008 levels

Feb 12, 2016
Mortgage balances and student loan debt have been on the rise.

Who let the cats out? Russia did.

Aug 28, 2014
Russia is lending cats out to people taking out mortgages because of Russian lore.

Rising risk in mortgage market

May 27, 2014
A stress test for new mortgages reveals higher chances for a market correction.

Why we can't let go of the fixed-rate mortgage

Nov 26, 2013
There's a financial cost to mortgages that stay at the same interest rate for 30 years, but there are also social benefits.

For public good, not for profit.

Who thought 30-year mortgages were a good thing?

Nov 25, 2013
Lending money for 30 years at a fixed interest rate isn't attractive to banks. So how did 30-year fixed-rate mortgages come to be the standard?

What did $13 billion just buy J.P. Morgan?

Nov 19, 2013
Most banks with legal exposure to the financial crisis are dealing with the lawsuits one-by-one. Not J.P. Morgan Chase.

Bank of America and Countrywide's "Hustle"

Oct 23, 2013
A jury in Manahattan found Bank of America guilty of a single count of civil fraud related to defective mortgages sold by Countrywide Financial.