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GAO: Nonbank Servicers Need More Oversight

Nonbank servicers are now servicing nearly a quarter of all residential mortgage loans in the country. What does the Government Accountability Office recommend should be done to increase government oversight of nonbank servicers?

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Ex-Fed Adviser Suggests Major Overhaul

Fed

Former Fed adviser and economist Andrew Levin said that the Fed’s transparency and accountability are “severely deficient” and recommended some steps for reforming the central bank.

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PHH Goes Toe-to-Toe With CFPB

This is a landmark case because it is the first time in the almost five-year history of the CFPB that a company has judicially challenged a penalty handed down by the Bureau.

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Obama, Yellen Discuss U.S. Economy

President Barack Obama and Federal Reserve Chair Yellen met in the Oval Office to discuss the state of the U.S. economy in the midst of slowed growth due to lower consumer spending.

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Goldman Sachs Pays Big to Settle Fraud Claims

Goldman Sachs finalized a settlement announced earlier this year, stating that it has agreed to settle federal and state investigations probes concerning the sale of toxic residential mortgage-backed securities in the time leading up to the financial crisis.

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