U.S. to Pressure Mortgage Firms for Loan Relief

As home prices fall, more borrowers walk
Home prices have resumed their decline, raising the odds that more borrowers will choose to walk away from their mortgages, even if they can afford the payments.

U.S. Inquiry Eyes S.&P. Ratings of Mortgages
The Justice Department is investigating whether Standard & Poor’s rated mortgage securities improperly leading up to the financial crisis.

Bank’s Deal Means More Will Lose Their Homes
As part of its $8.5 billion settlement with investors, Bank of America will turn over the work on tens of thousands of troubled mortgages to smaller servicers.

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