Tag: US mortgage interest

• Tuesday, January 8th 2013 - 21:13 UTC

  Sub-prime mortgage scandal: several US banks agree compensations totalling 20bn

  

  Bank of America has agreed to pay US government mortgage agency Fannie Mae 11.6bn dollars to settle claims relating to residential home loans. The bank will pay 10.3bn to settle claims relating to the loans and 1.3bn in compensation to the agency.

• Thursday, November 15th 2012 - 06:38 UTC

  “A modest tax increase on the wealthy is not going to break their backs” said Obama

  

  President Obama has reiterated his call for high earners in the US to pay more in taxes, in his first news conference since winning re-election. He called for quick legislation to rule out tax rises on the first 250.000 dollars of income, but refused to extend cuts for the wealthiest 2%.