Click through to learn more about the additional measures the FHFA and the U.S. Department of the Treasury are taking to improve liquidity and credit during the COVID-19 outbreak.
Read More »S&P Accepts MetaSource as Third-Party Due Diligence Firm
Having met S&P’s rigorous criteria, the mortgage quality control services and technology provider announced its acceptance to the Standard & Poors’ (S&P) list of reviewed firms.
Read More »Paid in Full: Chase Satisfies Settlement Obligation Early
JPMorgan Chase has satisfied its $4 billion consumer relief obligation under the terms of a November 2013 RMBS settlement.
Read More »FDIC Reaches RMBS Settlement with Eight Institutions
The FDIC has filed a total of 19 RMBS lawsuits on behalf of eight institutions seeking damages for violations to federal and state securities laws.
Read More »Bank of America’s ‘Hustle’ Whistleblower Retains Reward
Bank of America's $1.27 billion penalty in the "Hustle" case has been overturned. Why does the former Countrywide exec who blew the whistle get to keep the reward money?
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 »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 Settles Toxic RMBS Claims
The investment banking firm is the latest on a list of banks to agree to settle federal and state investigations probes for allegedly selling bad RMBS in the time period leading up to the financial crisis.
Read More »S&P RMBS Ratings Suit Denied by Supreme Court
The U.S. Supreme Court recently decided to deny revival of a suit involving allegedly false statements made about toxic residential mortgage-backed securities by Standard & Poor’s rating agency.
Read More »Ex Nomura RMBS Traders Face Conspiracy and Fraud Charges
A federal grand jury in New Haven, Connecticut, has returned a 10-count indictment against three former residential mortgage-backed securities traders for Nomura Securities International.
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