Middle-class NYC apartment complex sold at auction (AP)

AP - The developer of a high profile middle-class Harlem apartment complex has lost ownership of the property after defaulting on the mortgage.

Democrats look to resurrect college aid plan (AP)

AP - Congressional Democrats want a stalled overhaul of college aid programs to get strapped onto a fast-track health care bill, giving both Obama administration priorities a better chance of passage.

Borrowers wait for answers on Obama loan plan (AP)

AP - Hundreds of thousands of homeowners are in limbo waiting to find out if they will be accepted for the Obama administration's foreclosure prevention program.

Obama’s proposed student loan overhaul gets boost (Reuters)

Reuters - President Barack Obama's stalled bid to overhaul the federal student loan program by cutting subsidies to private lenders and increasing aid to students received a boost on Friday.

Wells Fargo, Baltimore in talks after mortgage suit (Reuters)

Reuters - Wells Fargo & Co said on Friday it is in talks with Baltimore officials that could avert further litigation by that city over the bank's mortgage lending practices.

“Cash for keys” aids home borrowers, investors (Reuters)

Reuters - Jon Daurio, chief executive officer of mortgage investor Kondaur Capital Corp., recently offered a $4,000 check to Barry Culver for the deed to his Bryan, Ohio house.

BofA mortgage modifications jump in March (Reuters)

Reuters - Bank of America Corp completed 20,666 mortgage modifications in March under a U.S. government-backed program, up 61 percent from February, the bank said on Friday.

Student loans to be in healthcare package: Pelosi (Reuters)

Reuters - House of Representatives Speaker Nancy Pelosi said on Friday the final version of a broad healthcare overhaul would include a revamp of the student loan program but not a government-run health insurance option.

UK home loans fall by half in January (AP)

AP - The value of home mortgage advances in January fell by half from December, when there was a late rush to complete deals before a tax break ended at the New Year, the Council of Mortgage Lenders said Friday.

Summary Box: Citi CEO sees return to profitability (AP)

AP - BULLISH OUTLOOK: Citigroup Inc. says its returning to "sustained profitability" after losing billions on bad loans and taking a federal bailout. CEO Vikram Pandit says the bank is shedding risky mortgage assets and shifting focus to emerging markets like Latin America and Asia.

Next Page »