New data from RealtyTrac shows that 24% of all U.S. properties sold in the second quarter were foreclosed homes. The group projects that the U.S. “will get through the distressed inventory largely by the end of 2013.”
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JPMorgan Chase & Co. will delay foreclosing on some properties in order to review affidavits that were signed by employees who didn’t verify related files, making the company at least the second bank in recent weeks to suspend …
BP Plc may sell as much as $3.5 billion in debt as early as today, marking the oil giant’s first bond sale since its Deepwater Horizon rig exploded in the Gulf of Mexico in April.
Continue reading BP May Raise …
The problem of faulty foreclosure documents isn’t limited to GMAC: A JPMorgan Chase employee has testified that she was one of eight managers who combined to sign some 18,000 documents a month without the personal knowledge of …
The government is close to announcing its plans to end the bailout of American International Group (AIG), returning the company to independence and recovering taxpayer funds.
The Treasury is planning to begin converting its $49 billion preferred stak…