The government accused the mortgage company of falsely certifying loans for the FHA insurance program
Loosening underwriting standards may cause trouble
The lender said the layoffs are due to the declining number of delinquent mortgages the bank now services.
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.