Ally Financial's net income more than doubled in the first quarter as the government-owned lender offered more mortgages through government refinancing programs.
Published News » Subprime Mortgage
Gov't housing programs lift gov't-owned Ally in 1Q
Posted by mortgage 26 days ago (Editorial)
Research and Markets: Seize New Opportunities: Your Guide to Reverse Mortgages
Posted by mortgage 26 days ago (Editorial)
Research and Markets has announced the addition of the "Seize New Opportunities: Your Guide to Reverse Mortga
Bank Of America's Return To Profitability
Posted by mortgage 26 days ago (Editorial)
The problems for the bank are legion. To add this to your portfolio, please proceed with caution.
Bank of America Puts Non-US Wealth Unit Up for Sale
Posted by mortgage 27 days ago (Editorial)
Bank of America has put its wealth management units outside the United States up for sale, hoping to bring in up to $3 billion for the sub-scale business, three sources familiar with the situation said.
Option One claims cost KC-based H&R Block $28 million
Posted by mortgage 27 days ago (Editorial)
H&R Block Inc. has agreed to pay more than $28 million to resolve regulatory claims that a former subsidiary sold investors subprime mortgage-backed securities without disclosing that its worsening financial condition threatened its ability to meet obligations to buy back certain investments.
H&R Block unit to pay $28.2M to settle SEC charges related to RMBS
Posted by mortgage 27 days ago (Editorial)
The Securities and Exchange Commission charged H&R Block subsidiary Option One Mortgage Corporation with misleading investors in several offerings of subprime residential mortgage-backed securities by ...
In Widely Published Photo, A House That Illustrates The Foreclosure Crisis
Posted by mortgage 27 days ago (Editorial)
ISLIP, N.Y. -- Photographer Spencer Platt spotted the small white house with boarded-up windows and doors a couple months ago, when he was out here on Long Island covering a foreclosure-prevention event. He snapped a few shots and moved on.
Former H&R Block Subsidiary to Pay SEC $28.2M to Settle Subprime Mortgage Charges
Posted by mortgage 27 days ago (Editorial)
H&R Block's former mortgage subsidiary Option One has agreed to pay $28.2 million to settle charges from the Securities and Exchange Commission over its subprime mortgage investments.
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