Mortgage lenders ordered to reimburse customers they foreclosed on improperly. Regulators tell 16 mortgage lenders to hire auditors to find out who could have avoided foreclosure in 2009 and 2010.
Mortgage modifications in 2010 have only 1 in 10 borrowers were seriously delinquent, down from 3 in 10 in 2008.
Home mortgage foreclosures and delinquencies were up in the third quarter despite greater efforts to help homeowners. Defaults on modified loans were also high.
The Federal Reserve would take on new responsibilities for monitoring risks, and a new agency would be created to enforce consumer safety in financial products.
A 'stress test' aims to assess which banks would need help if the economy worsened.