Originally published on Mon January 7, 2013 6:26 pm
Ten of the nation's major mortgage servicing companies, including household names such as Bank of America and Citibank, have agreed to pay $8.5 billion to resolve claims that they abused some homeowners when they foreclosed on mortgages during the recent housing crisis, the Federal Reserve and the Comptroller of the Currency announced late Monday morning.
Originally published on Mon January 7, 2013 9:43 am
Bank of America announced this morning that it will pay the Federal National Mortgage Association (Fannie Mae) $3.6 billion in cash and will buy back $6.75 billion worth of mortgages to resolve claims related to mortgage-backed securities sold to Fannie Mae by the bank and Countrywide Financial Corp. (which BofA acquired in 2008.
Authorities at a Brazilian prison noticed a bulky cat wandering on prison grounds. They discovered the small black-and-white cat was hauling in saws, drills, a cell phone and charger â€” all taped to its body.
Police in Framingham, Massachusetts received word of somebody egging a house. They investigated and found the suspect was a cop, and so was the victim. Investigators say the homeowner is a police sergeant in Newton, Massachusetts. He's the superior officer of the guy who was tossing the eggs. The Metro West Daily News reports that both men were off-duty at the time, and both insist it was just a joke between friends.
From 'Morning Edition': NPR's Tom Bowman on the Hagel nomination
President Obama will announce today that he plans to nominate John Brennan to be the next director of the Central Intelligence Agency, an administration official with knowledge of the decision tells NPR's Tom Bowman.