News

  • Family averts foreclosure from under-fire servicer by MPA

    A California family is staying in its home after a local TV station’s investigation demonstrated that they had been illegally foreclosed on by a company that’s been under scrutiny for hasty foreclosures before

  • CFPB says lack of mortgage regulation failed consumers by Adam Smith

    CFPB director Richard Cordray has claimed that the pre-crisis lack of oversight in areas of the mortgage market let consumers down, and has defended the role of the CFPB

  • Obama's Summers fling don't mean a thing by Adam Smith

    President Barack Obama's top choice for Federal Reserve chair has withdrawn his name from contention, saying his confirmation was likely to be 'acrimonious'

  • Big bank to spend $4bn cleaning up legal messes by Ryan Smith

    One of the nation’s largest lenders will spend billions this year to put the lid on its compliance problems

  • Merrill must face mortgage lawsuit by Ryan Smith

    A New York State Supreme Court justice said Tuesday that Bank of America’s Merrill Lynch mortgage unit will have to defend a lawsuit over $1bn worth of mortgage-backed securities

  • Boulder originators carry on through 'biblical' flood by Ryan Smith

    This week’s deluge in Boulder, Colo., shattered a 73-year-old rainfall record and triggered the mandatory evacuation of some 7,000 households, but despite what nature was throwing at them some area mortgage originators soldiered on.

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