The Motley Fool – Packaged foods giant ConAgra Foods (NYSE: CAG – News) looks set to expand its presence outside U.S. borders, as it plans to acquire Del Monte Canada from an affiliate of private equity firm Sun Capital Partners for an undisclosed amount.
AP – Federal and state law enforcement officials announced Friday they have launched a fraud-fighting unit, starting with 55 prosecutors and investigators, to root out wrongdoing in the market for residential mortgage-backed securities.
AP – The average rate on the 30-year fixed mortgage rose this week for the first time this month, though it remained below 4 percent for the eighth straight week.
AP – Mortgage rates for the past 52 weeks, at a glance
Reuters – Bank of America Corp was the fourth-biggest U.S. mortgage lender in the fourth quarter of 2011, continuing its descent in the rankings after it stopped buying loans made by smaller banks.
AP – The Illinois attorney general filed a lawsuit Wednesday accusing Standard & Poor’s of misleading investors by assigning its highest ratings to risky mortgage-backed investments during the years leading up to the crash of the housing market.
AP – California officials are refusing to sign a proposed settlement between U.S. states and the nation’s biggest mortgage lenders over deceptive foreclosure practices, calling it “inadequate.”
Reuters – President Barack Obama began a campaign-style swing through political battleground states on Wednesday, pitching his State of the Union initiatives on taxes and jobs as he made his case for a second term.
