Banks need to take steps now to avoid emerging credit risk in today’s financial system in order to prevent another financial meltdown, according to Comptroller of the Currency Thomas Curry in a public address on Monday.
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Private-Label RMBS Market Lags Following Financial Crisis
Although most securitization asset classes began to pick up in the years following the financial crisis, the private-label residential mortgage-backed securities market remains stagnant.
Read More »DOJ to Pursue Employees for Role in the Financial Crisis
The U.S. Department of Justice issued a memo on Thursday containing new guidelines stating that it will pursue the prosecution of individual employees, and not just their companies, for their role in precipitating the financial crisis in 2008.
Read More »Mortgage Fraud Risk Is Lowered by Operational Enhancements, Fitch Reports
Mortgage fraud risk is being lowered by changes in residential origination practices and new regulation, according to a Fitch Ratings report released Tuesday.
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