AIG to take steps to assist nonprime borrowers
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American International Group Inc. , the world's largest insurer, will pay up to $163 million to help its subprime borrowers stay in their homes, according to an agreement with U.S. regulators announced on Friday.
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The US Federal Reserve is set to agree a range of measures giving mortgage holders more protection.
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Countrywide Financial Corp., under pressure to help stem growing home loan defaults, says it will expand programs to help borrowers manage their mortgage payments regardless of the type of subprime loan they have or whether they have already fallen behind on payments.
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American International Group Inc.  AIG.N, which faces a possible lawsuit by U.S. securities  regulators over helping a major banking client hide bad loans,  said on Monday regulators may also sue it for what they called  "false and misleading" statements made to investors.
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Lenders haven't locked their doors, but they are raising their standards.
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H&R Block looks to unwind a blockheaded move into subprime mortgages.
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The subprime-lending crisis may affect us non-subprime folks, too.
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Do suffering mortgage holders deserve help? All things considered, yes.
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Federal banking regulators yesterday called on lenders to tighten their standards for issuing nontraditional home loans.
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American International Group Inc. (AIG.N: Quote, Profile, Research) , the world&#39;s largest insurer by market value, on Monday said the US Securities and Exchange Commission may take civil
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At a Senate Banking Committee hearing yesterday, legislators and consumer advocates prodded federal banking regulators to move more quickly to put restrictions on non-traditional mortgage lending, because, they said, the new kinds of mortgages may place borrowers and lenders at financial risk.
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Fed moves don't always mean lower rates for borrowers.
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President George W. Bush will  propose reforms on Friday intended to help homeowners with  subprime mortgages avoid default, his first public step to  address a crisis that has created turmoil in financial markets  around the world.
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COEUR D'ALENE, Idaho  - Some progress is being made to modify home loans to borrowers with poor credit histories but more work by regulators and industry is needed, a senior U.S. banking regulator said on Thursday.
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The US Department of Housing and Urban Development has finalized a rule that will require the nation&#39;s two largest housing finance companies to increase their purchase of mortgages for low- and moderate-income families and underserved communities.
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The Federal Reserve Board on Tuesday considered new protections for high-cost mortgage borrowers to avoid a repeat of the loose lending standards that have put many Americans at risk of losing their homes.
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H&R Block looks to put its subprime woes behind it.