A Fed official draws parallels between Wells Fargo’s ongoing fake-accounts scandal, while a top Democrat accuses the bank of dodging congressional inquiries
Just four years after opening an office it expected to bring up to 800 jobs to upstate New York, PHH is shutting down the location and pink-slipping almost all of its employees there
According to Fitch Ratings, the new capital requirement by the regulator will have little effect on the industry and is not a solution for eliminating RMBS risk.
The N.Y. Attorney General, who accused the lender of failing to comply with several mortgage servicing standards, doesn't think so. A federal judge recently ruled on the case.
Standard & Poor is completing settlements with regulators over accusations it knowingly inflated its ratings of risky mortgage investments during the run up to financial crisis.
Home prices grew in most U.S. cities last year, but which market was the top growing one in 2014?
The ratings company is under investigation for inflating ratings of subprime mortgages and some analysts say it may face a lesser punishment.
The president’s proposed budget shows a slowdown in the fund over the next two years and a bump in HUD’s FY2016 budget.