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Bank Settlement Could Spur More Foreclosures

The multi-billion dollar bank mortgage settlement could have some unanticipated consequences for borrowers in trouble. There will likely be an initial surge of foreclosures. Banks, freed from uncertainty over the investigation, will probably pick up the pace of home seizures. But the foreclosure rate will probably fall over the longer term as banks ease the burden on borrowers through principal reductions.
NPR

Advocates Not Impressed With Foreclosure Settlement

President Obama is touting Thursday's mortgage foreclosure settlement with big banks. Nearly two million people could benefit from the landmark settlement between states and big mortgage companies. But many homeowners and former homeowners are not too excited about the deal.
NPR

Kodak To Stop Making Digital Cameras

The company will instead focus on home photo printers, high-speed commercial ink jet presses and software. Other companies may license the Kodak brand for cameras, and some disposables will still be out there.
NPR

Obama To Release Fiscal 2013 Budget Next Week

President Obama will unveil his budget for the next fiscal year on Monday. To find out more about the budget proposal, Steve Inskeep talks to David Wessel, economics editor at The Wall Street Journal.
NPR

Birthplace Of 'Robo-Signing' Eyes Deal Critically

On Thursday, the federal government reached a $26 billion deal with the nation's largest banks to compensate homeowners. In Florida, where a lawyer uncovered and named the rushed mortgage-approval process, some lawyers and homeowners say technical issues and trust battles remain for courts and the banks.
NPR

The GOP Elixir: Candidates Campaign On Tax Cuts

All four of the remaining Republican presidential candidates have proposed cutting business and personal income taxes — the only difference is by how much.

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