After agreeing to pay $110 million just last month to settle claims over its fake-account scandal, the banking giant has just tacked millions more onto the payout
The plan would, among other changes, create a federal insurance fund that would insure mortgage-backed securities
Existing-home sales dropped in October, and industry experts say that to reverse the trend, borrowers need more credit access and inventory needs to increase.
Prosecutors say two former mortgage brokers scammed loan money from investors but never paid borrowers.
Standard & Poor’s couldn’t get a judge to agree last week to throw out a lawsuit filed against it by the California attorney general, who seeks to hold the company to account for $1bn in losses by state pension funds.
A new rule that would require simplified mortgage paperwork reportedly won’t include an exemption for small lenders.
After weeks of often tense negotiations, the nation's biggest bank appears ready to sign an agreement to settle claims it sold shoddy mortgages to investors.
A federal jury convicted a Virginia woman Friday for her role in a multimillion-dollar mortgage fraud scheme.