mortgage loans

Government set to allow private investors to take on troubled mortgages in certain cities. (Photo by Spencer Platt/Getty Images)

Federal Government To Privatize Troubled Mortgages

The government has opened a program for investors to buy troubled mortgages in hard-hit areas and work out terms with homeowners in an effort to avoid foreclosures.


A SunTrust Bank branch stands in Washington, D.C., U.S. (credit: Bloomberg/GettyImages)

SunTrust Mortgage Settles Fed Complaint For $21M

SunTrust Mortgage Inc. has agreed to pay $21 million to settle a federal lawsuit alleging racial discrimination in its lending practices, documents filed Thursday in U.S. District Court show.