Treasury Secretary Tim Geithner convenes a meeting of mortgage analysts and economists today to discuss the future of mortgage financing. Is home ownership still a social good? And how much should the government put on the line to encourage it?
Government’s role in country’s ever-collapsing housing market
To end a federal discriminatory lending lawsuit, Bank of America will pay the largest fine ever assessed in that sort of case, in connection with discriminatory lending practices by the Countrywide company it bought.