Washington Post Citi Pays for Subprime Feint Wall Street Journal … investors by failing to disclose $40 billion in risky mortgage assets that produced losses that eventually sent the bank to the brink of failure. … Citigroup Pays $75 Million to Settle Subprime Claims New York Times Citigroup fined $75m for misleading investors over sub-prime assets The Guardian Citigroup settles charges over misleading investors AFP MarketWatch

The Guardian Carolinas Roundup Charlotte Observer “Even in late 2007, as the mortgage market was rapidly deteriorating, Citigroup boasted of superior risk-management skills in reducing its subprime exposure … Citigroup Pays $75 Million to Settle Subprime Claims New York Times Citigroup-SEC: Imagine If Citi Had Come Clean Earlier Wall Street Journal (blog) Citigroup fined $75m for misleading investors over sub-prime assets The Guardian AFP

Washington Post Fixed mortgage rates keep falling Los Angeles Times Fixed mortgage rates have dropped again, marking the sixth straight week of record lows in Freddie Mac's survey of what lenders are offering to highly … Falling US Mortgage Rates May Aid Economy Outside Housing Bloomberg US mortgage rates set new lows a 6th straight week Reuters Later than expected, 4.5 percent fixed-rate mortgage arrives Philadelphia Inquirer The Associated Press

France24 Housing policy must be set on sustainable basis Washington Post Reform should address the systemic risk they pose and should wean our mortgage finance system from its dependence on these institutions. … Congress to try to recoup Fannie, Freddie costs The Associated Press Volcker: Fannie Mae & Freddie Mac need to go MarketWatch (blog) Senators urge permanent Fannie, Freddie regulator Reuters Wall Street Journal

The Guardian Citigroup-SEC: Imagine If Citi Had Come Clean Earlier Wall Street Journal (blog) Suddenly, one of the world's largest banks was drowning in more mortgage assets than people expected. The disclosure accelerated a chain reaction of worries … Citigroup Pays $75 Million to Settle Subprime Claims New York Times Citigroup fined $75m for misleading investors over sub-prime assets The Guardian Citigroup settles charges over misleading investors AFP MarketWatch

Genworth Financial Q2 profit lags Wall Street Reuters The life and mortgage insurer earned $42 million, or 8 cents a share available to common shareholders in the second quarter, compared with a net loss of $50 … Genworth Swings to Profit Wall Street Journal Genworth MI reports improved second quarter earnings on fewer mortgage losses Winnipeg Free Press Genworth Financial Lags Estimates TheStreet.com Trading Markets (press release)

MiamiHerald.com Mortgage rates fall for sixth straight week Bizjournals.com Freddie Mac (OTC BB: FMCC) said the average rate on a 30-year fixed-rate mortgage was 4.54 percent in the week ending July 29. A 15-year fixed-rate mortgage … US mortgage rates set new lows a 6th straight week Reuters Mortgage Rates Fall Again; 30-Year Fixed At 4.54% – Freddie Wall Street Journal Mortgage rates continue to fall — but qualifying is no picnic Los Angeles Times (blog) MarketWatch

Popular 'Zero Down' Mortgage Program Makes Comeback Wall Street Journal (blog) Borrowers will have to pay a higher “guarantee fee” of 3.5%–essentially upfront mortgage insurance–but the fee can be folded into the mortgage . … and more

PMI Plunges, Leading Drop in Mortgage -Insurance Shares, After Posting Loss Bloomberg PMI Group Inc. plunged 13 percent in New York trading, leading a slump of US mortgage insurers after posting … Mortgage Insurer PMI Reports 12th Straight Loss Wall Street Journal PMI Group posts 12th straight quarterly loss; shrs fall Reuters Mortgage Insurer PMI Narrows Q210 Losses to $150.6m on Fewer Defaults Housing Wire MarketWatch

Mortgage Insurer PMI Reports 12th Straight Loss Wall Street Journal NEW YORK— Mortgage insurer PMI Group Inc. reported its 12th consecutive quarterly loss on Thursday, even as the number of defaulting homeowners … PMI Plunges, Leading Drop in Mortgage -Insurance Shares, After Posting Loss Bloomberg PMI Group posts 12th straight quarterly loss; shrs fall Reuters PMI Group narrows loss, but shares tumble The Associated Press San Jose Mercury News