AIG units settle mortgage discrimination case (Reuters)

Reuters – Two AIG units settled federal charges that they discriminated against black home buyers on fees for mortgages and will pay $7.1 million for restitution and education efforts, the U.S. Justice Department said on Thursday.

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Consumer group sues insurer over policy changes (AP)

FILE - In this Oct. 27, 2003 file photo, employees enter the headquarters of Anthem Inc. in Indianapolis. Anthem Blue Cross, a subsidiary of WellPoint Inc., has been under fire for a week from regulators and politicians for notifying some of its 800,000 individual policyholders in California that it plans to raise rates by up to 39 percent March 1. A consumer watchdog group filed a lawsuit Monday March 1, 2010, against California's largest for-profit health insurer Anthem Blue Cross, on behalf of policyholders, claiming they were pushed to take coverage with fewer benefits and higher deductibles.  (AP Photo/Darron Cummings, File)AP – Mary Feller’s family of three spends nearly $25,000 a year on health insurance premiums, which is more than they pay on their home’s mortgage in California’s Marin County.

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Consumer group sues insurer over policy changes (AP)

FILE - In this Oct. 27, 2003 file photo, employees enter the headquarters of Anthem Inc. in Indianapolis. Anthem Blue Cross, a subsidiary of WellPoint Inc., has been under fire for a week from regulators and politicians for notifying some of its 800,000 individual policyholders in California that it plans to raise rates by up to 39 percent March 1. A consumer watchdog group filed a lawsuit Monday March 1, 2010, against California's largest for-profit health insurer Anthem Blue Cross, on behalf of policyholders, claiming they were pushed to take coverage with fewer benefits and higher deductibles.  (AP Photo/Darron Cummings, File)AP – Mary Feller’s family of three spends nearly $25,000 a year on health insurance premiums, which is more than they pay on their home’s mortgage in California’s Marin County.

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Consumer group sues insurer over policy changes (AP)

FILE - In this Oct. 27, 2003 file photo, employees enter the headquarters of Anthem Inc. in Indianapolis. Anthem Blue Cross, a subsidiary of WellPoint Inc., has been under fire for a week from regulators and politicians for notifying some of its 800,000 individual policyholders in California that it plans to raise rates by up to 39 percent March 1. A consumer watchdog group filed a lawsuit Monday March 1, 2010, against California's largest for-profit health insurer Anthem Blue Cross, on behalf of policyholders, claiming they were pushed to take coverage with fewer benefits and higher deductibles.  (AP Photo/Darron Cummings, File)AP – Mary Feller’s family of three spends nearly $25,000 a year on health insurance premiums, which is more than they pay on their home’s mortgage in California’s Marin County.

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Republicans want hearing on Fannie/Freddie bailout (Reuters)

Reuters – Two key Republicans are urging the House of Representatives to speed up a public hearing to investigate the administration’s bailout of home funding giants Fannie Mae and Freddie Mac.

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Rates on 30-year home loans rise to 5.05 pct (AP)

AP – Rates for 30-year home loans rose above the 5 percent threshold for the first time in three weeks, but remained near historically low levels.

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U.S. News & World Report – The real estate market continued to heal in the final three months of 2009, as lower home prices, cheap mortgage rates, and a federal tax credit worked to juice demand. The development was visible in the S&P/Case-Shiller home price report released Tuesday, which found that the rate of annual home price declines improved again in the fourth quarter. Prices at the national level fell just 2.5 percent in the fourth quarter of 2009, compared with a year earlier. …

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Home purchase loan demand at lowest since 1997 (Reuters)

A view of a home for sale in Los Angeles February 24, 2010. U.S. Rep. Barney Frank said on Thursday he would postpone a hearing on the future structure of U.S. housing finance and mortgage funding giants Fannie Mae and Freddie Mac until March 23. Picture taken February 24, 2010.  REUTERS/Mario Anzuoni (UNITED STATES - Tags: BUSINESS)Reuters – U.S. mortgage applications fell for a third straight week, with demand for home purchase loans sinking to the lowest level in 13 years as inclement weather weighed, data from an industry group showed on Wednesday.

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Business Highlights (AP)

AP – Report: Fewer people falling behind on home loans

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The Christian Science Monitor – They pose as experts, guaranteeing they can stop a home foreclosure. They may promise they can get you to the head of the line, leapfrogging over the thousands of other people trying to renegotiate their mortgage with the bank. But most of all, they want money upfront.

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