Consumers who were victims of mortgage discrimination could get anywhere from $500 to thousands of dollars each as a result of a settlement announced Wednesday by the Justice Department.Under the deal, Bank of America's Countrywide Financial unit is paying a  … Full story
CNBC's Diana Olick reports on the confluence of low interest rates and low home prices, a class action lawsuit against Countrywide Financial, and the slump in homebuilding orders.
CNBC's Dana Olick has the headlines in the real estate market, including Fannie Mae's forecast and a class action suit against Countrywide Financial.
CHARLOTTE, NC - FILE: The Bank of America headquarters is seen on February 4, 2010 in Charlotte, North Carolina. According to reports June 28, 2011, Bank of America reached a settlement in which it will pay $8.5 billion to 530 private trusts who said the bank violated mortgage obligations that we