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Obama Heads to Phoenix to Pitch Mortgage Reform

(WASHINGTON) — President Barack Obama is proposing to overhaul the nation's mortgage finance system, including shutting down government-backed Fannie Mae and...

UBS in Settlement With US Over Mortgages

(GENEVA) — Swiss banking giant UBS AG says it has reached "an agreement in principle" to settle a U.S. lawsuit over billions of dollars in mortgage bonds. The...

Morning Must Reads: March 19

In the news: pension problems, Fannie Mae, Israel, April immigration bill, decline in parties' influence, and the Seven Summits.

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Fannie Mae, Freddie Mac attract investor groups

Investor groups are scooping up shares of Fannie Mae and Freddie Mac and even offering to buy core pieces of their businesses, complicating legislative efforts to shut down the...