Late Friday the U.S. Treasury Department announced a major expansion of its Home Affordable Modification Program. Now taxpayers will pony up the cash, as Treasury is tripling the financial incentives to lenders and opening the program up to Fannie Mae, Freddie Mac and investors in rental properties.
Emerging market debt could be safer than US Treasurys, according to a new study by Bank of America Merrill Lynch and the Eurasia Group.