Wednesday, September 19, 2012

Japan's central bank follows US lead in easing monetary policy to cushion ...

Fannie Mae didn't give Bank of America special consideration in agreeing to pay more than $500 million to transfer servicing of 384,000 mortgages to firms more likely to prevent foreclosures, a U.S. auditor said in a report Tuesday. Still, the taxpayerBank of America told Reuters that the website had suffered some problems but was available to customers. "We are working to ensure full availability," Mark Pipitone, a bank spokesman told Reuters. Without specifically commenting about a possibleNEW YORK--U.S. stock futures edged higher as a disclosure of stimulus measures by Japan's central bank outweighed lackluster domestic housing data. Less than an hour ahead of the open, Dow Jones Industrial Average futures gained 19 points, or 0.1%,Fannie Mae didn't give Bank of America special consideration in agreeing to pay more than $500 million to transfer servicing of 384,000 mortgages to firms more likely to prevent foreclosures, a U.S. auditor said in a report Tuesday. Still, the taxpayerNEW YORK -- Regulators are investigating whether several major U.S. banks failed to monitor transactions properly, allowing criminals to launder money, according to a New York Times story. The newspaper cited officials
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