Reuters – The Justice Department issued civil subpoenas to 11 financial institutions as part of a new effort to investigate misconduct in the packaging and sale of home loans to investors, Attorney General Eric Holder said on Friday. Yahoo! News: Personal Finance News
The Motley Fool – Industrial and construction materials supplier Fastenal (Nasdaq: FAST – News) has significantly upped its market presence lately with the expansion of its industrial vending machines — dubbed a “one-stop shop” to replenish supplies. Yahoo! News: Personal Finance News
AP – A new Justice Department fraud-fighting unit will bring together 55 prosecutors and federal and state investigators focusing on one of the contributing factors to the financial crisis — the collapse of residential mortgage-backed securities. Yahoo! News: Personal Finance News
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. Yahoo! News: Personal Finance News
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.” Yahoo! News: Personal Finance News
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. Yahoo! News: Personal Finance News
