The agency noted it wanted to reach out to homeowners who had other factors that could compensate for their low credit scores for a possible mortgage refinance.
Read More »Morgan Stanley Reaches $3.2 Billion Settlement for Toxic MBS
Morgan Stanley is the latest firm to settle federal and state probes concerning "deceptive" handling of mortgage-backed securities. The firm will be the fourth deal to be struck among big U.S. banks’ role in the 2008 financial crisis.
Read More »Deutsche Bank Prepares to Tackle Legal, Law Enforcement Troubles
Since the close of the financial crisis, Germany's largest bank has faced several settlements related to violations of U.S. sanctions, rigging of interest-rate benchmarks, and allegations that it defrauded mortgage issuers Fannie Mae and Freddie Mac.
Read More »3 Ways Investors Can Improve and Grow Their Business
As investors navigate the real estate market, they are faced with some the same issues as others in the mortgage industry such as regulations and compliance, the highs and lows of growth, and technology innovation.
Read More »Morgan Stanley Settles Mortgage-Bond Suit With FDIC
Morgan Stanley is the latest institution to settle claims that the firm misrepresented residential mortgage-backed securities that were sold prior to the financial crisis in 2008.
Read More »GSEs Introduce Independent Dispute Resolution Process for Loan Repurchases
Fannie Mae and Freddie Mac revealed a highly-anticipated, final independent dispute process for mortgage buybacks. The new process will offer more clarity and transparency for lenders and increased credit access to borrowers.
Read More »Are Buy-to-Rent Investment Strategies Viable?
The newest business feature of the single-family rental market is comprised of large investors—backed by private equity—that use a buy-to-rent strategy, but how does this size up compared to professionally-managed apartment complexes and will these businesses last?
Read More »Virginia Reaches Settlement With 11 Big Banks Over RMBS Fraud Claims
It is now more than seven years since the housing crisis hit, and settlements over claims of residential mortgage-backed securities are still alive and well.
Read More »Goldman Sachs’ Earnings Suffer the Aftershocks of RMBS Settlement
The firm's recent multi-billion dollar settlement to resolve claims of mortgage-backed securities fraud put a huge dent in their profits for the fourth quarter.
Read More »Which Bank Will be Next to Settle RMBS Fraud Claims?
Last week’s settlement between Goldman Sachs and several regulators, including the U.S. Department of Justice, for $5 billion to resolve claims of RMBS fraud has fueled speculation among analysts that the Royal Bank of Scotland (RBS) will reach a settlement in the next few weeks to resolve claims.
Read More »