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Foreclosure debacle to test stocks' rally (Reuters) Sat, 16 Oct 2010 22:35:42 GMT Reuters - U.S. banks will be in the limelight next week as several household names report earnings and investors worry a forced halt to foreclosure proceedings could hit the sector and end the recent rally. Wall Street steady for the week as stimulus hopes rise (AFP) Sat, 16 Oct 2010 20:01:10 GMT AFP - US stock indexes moved little this week as traders anticipate new government stimulus and as robust corporate earnings were offset by a slump in bank stocks amid a deepening foreclosure scandal. SEC looking at foreclosure practices: source (Reuters) Sat, 16 Oct 2010 10:25:57 GMT Reuters - The Securities and Exchange Commission is looking at companies' mortgage practices to see whether any securities laws were violated, a person with knowledge of the matter said. Countrywide CEO Mozilo settles with SEC for $67.5M (AP) Sat, 16 Oct 2010 04:43:00 GMT AP - Countrywide Financial Corp. co-founder Angelo Mozilo has agreed to a $67.5 million settlement to avoid trial on civil fraud and insider trading charges that alleged he profited from doling out risky mortgages while misleading investors about the risks. Summary Box: Mozilo settles with SEC for $67.5M (AP) Sat, 16 Oct 2010 01:38:20 GMT AP - BIG SETTLEMENT FOR COUNTRYWIDE CO-FOUNDER: Former Countrywide Financial CEO Angelo Mozilo agreed to a $67.5 million settlement to avoid trial on civil fraud and insider trading charges. Federal regulators had accused him of profiting from doling out risky mortgages while misleading shareholders about the risks. Mozilo settles Countrywide fraud case at $67.5 million (Reuters) Sat, 16 Oct 2010 01:02:47 GMT Reuters - Former Countrywide chief Angelo Mozilo agreed to a settlement of $67.5 million to resolve charges of duping the home lender's investors while lining his own pockets, but Bank of America Corp will pick up two-thirds of the tab. Ex-Countrywide CEO pays millions to settle fraud charges (AFP) Fri, 15 Oct 2010 21:38:58 GMT AFP - The former financial CEO of failed mortgage giant Countrywide Financial agreed to pay tens of millions of dollars to settle fraud charges that fueled the 2008 subprime crisis, regulators said on Friday. So you bought a foreclosed home. Now what? (AP) Fri, 15 Oct 2010 21:28:53 GMT AP - It seemed too good to be true: You bought a house in foreclosure at a fraction of the former price. Maybe you even knocked out a wall or two and remodeled with all the money you saved. Bank stocks keep falling as mortgage fears mount (AP) Fri, 15 Oct 2010 21:26:49 GMT AP - Lurking mortgage problems left over from the collapse of the housing market sent bank stocks tumbling for a second day Friday and the cost of buying protection for bank debt, now perceived to carry new risks, climbed steadily higher. 5 Things You Should Know About the Foreclosure Moratorium (U.S. News & World Report) Fri, 15 Oct 2010 21:09:14 GMT U.S. News & World Report - JPMorgan Chase has suspended foreclosures in 23 states while the company looks at 115,000 mortgage foreclosure files to find potential errors in its documentation.

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