UK
by The Guardian (RSS feed) - 2 months ago
VideoFinancial Markets
4 months ago
Bank of America CEO Brian Moynihan told Bloomberg Television's Erik Schatzker at the World Economic Forum in Davos that cleaning up the mortgage mess from Countrywide is like mountain climbing with an excessively heavy backpack.
Financial Markets
4 months ago
Bank of America Tuesday struck deals to settle lending complaints, sell rights to service $300bn of mortgages and repair relations with regulators. For CEO Brian Moynihan, it offers his best chance to rebuild the home lending business.
Financial Markets
4 months ago
Fannie Mae and Freddie Mac exacerbated the mortgage crisis and that's why the government should get out of the home loan business, former Wells Fargo CEO Richard Kovacevich told CNBC.
Financial Markets
4 months ago
Ten banks will now pay $8.5 billion to borrowers for so-called "robo-signing," a fraudulent practice uncovered two years ago that sent the mortgage market into yet another tail-spin.
Financial Markets
5 months ago
U.S. regulators led by the Office of the Comptroller of the Currency will replace a largely fruitless effort to find victims of botched foreclosures at the 14 biggest mortgage servicers with flat penalties, five people briefed on the talks said.
Financial Markets
6 months ago
The whistle-blower helping the U.S. government mount a $1bn fraud lawsuit against Bank of America was himself accused of fraud by an investor in a financing company he co-founded, and now works at Fannie Mae, one of two entities he claims the bank defrauded.
Financial Markets
7 months ago
Preet Bharara, the United States Attorney for the Southern District of New York has announced that the United States has filed a civil mortgage fraud lawsuit against Wells Fargo.
Video
by Vic Daniels (RSS feed) - 8 months ago
FBN's Charlie Gasparino says major banks could pay hundreds of millions to settle with the SEC over mortgages.
Financial Markets
8 months ago
Just when you thought it was safe to go back in the water....