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Schuette: Michigan to get $500 million in mortgage mess deal
Michigan will join at least 40 other states in a multi-billion dollar settlement with five of the nation’s largest banks/mortgage servicers in response to allegations of faulty foreclosure processes and poor servicing of mortgages, according to Attorney General Bill Schuette.

Q & A: How will the $25 billion mortgage settlement be split?
Roughshod foreclosure practices by banks were salt in the wounds that millions of Americans suffered in the wake of the housing bust. Now a bargain between those mortgage servicers, Washington and 49 states offers a bit of a salve. Here’s an extended look at what the deal means:

U.S. Bank Healthcare Division Leads $170 Million Senior Credit Facility for Molina Healthcare
U.S. Bank announced that its Healthcare Division closed on a $170 million senior credit facility for Long Beach, Calif.-based Molina Healthcare. The bank served as sole lead arrang

HSH.com Weekly Mortgage Rate Radar: Tiny Drop Leads to New Record Low for Fixed Rates
HSH.com releases its latest Weekly Mortgage Rate Radar showing little movement in mortgage rates from the previous week. The Weekly Mortgage Rate Radar reports the average rates and points offered by lenders for the two most popular types of mortgages, the conforming 30-year fixed-rate mortgage and the conforming 5/1 adjustable-rate mortgage (ARM). Average rates for the two types of loans moved ...

Mortgage delinquencies worsen a bit
The national mortgage-delinquency rate, measuring borrowers 60 or more days past due, increased modestly during the fourth quarter, with Arizona showing one of the nation’s highest rates. Credit-bureau TransUnion said the U.S. delinquency rate on accounts it tracks rose to 6.01 percent from 5.88 percent in the third quarter – only the second quarterly increase in more than two years. Still, it ...

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