The U.S. Securities and Exchange Commission said Monday that H&R Block Inc. subsidiary Option One Mortgage Corp. has agreed to pay $28.2 million to settle charges that it misled investors about subprime mortgage offerings.
Published News » Subprime Mortgage
H&R Block unit agrees to $28.2M SEC settlement
Posted by mortgage 27 days ago (Editorial)
H&R Block Subsidiary Agrees to Pay $28.2 Million to Settle SEC Charges Related to Subprime Mortgage Investments
Posted by mortgage 27 days ago (Editorial)
Washington, D.C., April 24, 2012 ? The Securities and Exchange Commission today charged H&R Block subsidiary Option One Mortgage Corporation with misleading investors in several offerings of subprime residential mortgage-backed securities (RMBS) by failing to disclose that its financial condition was significantly deteriorating.
Foreclosure lawsuits stunt PNC profits
Posted by mortgage 28 days ago (Editorial)
Costs from home mortgage foreclosure lawsuits continued to affect profit at PNC Financial Services Group, which reported lower results because of those expenses as well as costs from integrating Royal Bank of Canada's U.S. franchise.
Ambac Sues Bank of America Over Mortgage-Based Securities
Posted by mortgage 28 days ago (Editorial)
Ambac Assurance Corp. sued Bank of America Corp. in New York state court, accusing the company of breach of contract over a mortgage-backed securitization sponsored by its Merrill Lynch unit.
10 Reasons to Buy Instead of Rent
Posted by mortgage 28 days ago (Editorial)
Home buying has earned a bad rap in recent years: The subprime mortgage crisis and ensuing economic meltdown left many homeowners underwater, unable to pay their mortgage, and even facing foreclosure. Homeownership rates fell throughout the recession, and are currently around 66 percent, compared with almost 70 percent in 2004, according to the Census Bureau.
Lender gave couple false hope with 2007 mortgage, says judge
Posted by mortgage 28 days ago (Editorial)
SUBPRIME LENDER Stepstone Mortgage Funding Ltd was reckless and should never have given a loan to an older couple who are both now on disability allowance, a High Court judge has said.
Guide To MBS ETF Investing - ETF News And Commentary
Posted by mortgage 31 days ago (Editorial)
Mortgage backed securities have long been feared by investors across the globe. Especially after the U.S subprime crisis back in mid 2007/2008 where these highly complex instruments were
Chris Martenson: "Are We Heading For Another 2008?"
Posted by mortgage 31 days ago (Editorial)
From Chris Martenson.com Are We Heading For Another 2008? We all know that central banks and governments have been actively intervening in markets since the 2007 subprime mortgage meltdown destabilized the leveraged-debt-dependent global economy.
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