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HousingWire's Morning Radar provides a look at what's trending across media outlets nationwide.
Republican presidential candidates debated (yet again) in Florida Thursday night on everything from Freddie Mac to the moon (not even joking), but we'll let host CNN take it from here. Elsewhere, as the nation focuses on the proposed foreclosure settlement, Arizona's attorney general takes aim at the mortgage modification practices of Bank of America. Bloomberg Businessweek reports the bank negotiated at least 12 secret settlements with borrowers that include nondispargement clauses. Arizona AG Thomas Horne asked a judge to block the nondisparagement clauses. Bank attorneys deny the settlements have hindered the AG's probe. The AG investigation is part of a 2010 lawsuit against the bank, and a court hearing is set for Feb. 1.
New mortgage probe focuses on risky MBS
Details continue to emerge about the Obama administration's newly formed investigative team to look into the mortgage crisis. Jim Puzzanghera of the Los Angeles Times writes the team of 55 attorneys, agents and analysts will try to "speed up existing probes and launch new ones in the highly risky mortgage-backed securities that fell apart." U.S. Attorney General Eric Holder and New York AG Eric Schneiderman will announce more about the working group Friday.
First look at 4Q GDP
The Commerce Department releases its advance look at fourth-quarter GDP at 7:30 a.m. Economists forecast 3% growth after 1.8% in the third quarter. It'd be the best pace since 3.8% in the second quarter 2010, according to CNBC.
-- Andrew Scoggin
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Feb 23 2012 - 8:30amJobless Claims
