Moody’s will pay hundreds of millions to settle allegations that it habitually inflated ratings of shoddy mortgage-backed securities during the run-up to the financial crisis
Wells Fargo’s fake accounts scandal is putting a damper on its mortgage referral business, according to CEO Tim Sloan
Washington, D.C., March 13, 2012 – The Securities and Exchange Commission today charged the senior-most executives at formerly one of the nation’s largest mortgage companies with hiding the company’s deteriorating financial condition at the onset of the financial crisis. The plan backfired and the company lost 90 percent of its value in two weeks.
Another NAMB West conference has come and gone. Feelings are mixed here in Las Vegas where I write this article.