Federal Government To Privatize Troubled MortgagesThe 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.
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.

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