The Financial Industry Regulatory Authority announced today that it has fined Citigroup Global Markets, Inc. $3.5 million for providing inaccurate mortgage performance info
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FINRA Fines Citigroup Global Markets $3.5 Million for Providing Inaccurate Performance Data Related to Subprime ...
Posted by mortgage 5 hours ago (Editorial)
Finra Fines Citigroup $3.5 Million For Inaccurate RMBS Data
Posted by mortgage 5 hours ago (Editorial)
The Financial Industry Regulatory Authority has fined Citigroup Inc.'s (C) Global Markets group $3.5 million for allegedly posting inaccurate data about deals it was making on mortgage-backed securities during the subprime mortgage and housing market crisis.
Fifth lender joins government mortgage scheme
Posted by mortgage 8 days ago (Editorial)
A fifth bank has joined the government?s mortgage indemnity programme for buyers of new-build homes.
Ally not looking to sell U.S. auto lending: CEO
Posted by mortgage 8 days ago (Editorial)
(Reuters) - Ally Financial is "absolutely not" looking to sell its core U.S. auto lending business as it seeks ways to pay back $12 billion it owes to U.S. taxpayers after a government-funded bailout during the financial crisis, the company's CEO said Tuesday. Ally, the former in-house financing arm for General Motors Co , on Monday announced plans to sell some international operati
Mercury News interview: Paul Leonard, Center for Responsible Lending
Posted by mortgage 11 days ago (Editorial)
Center director forecast housing market's bubble before bust in 2007
Another Big Name Exits Reverse-Mortgage Lending
Posted by mortgage 20 days ago (Editorial)
MetLife, another big reverse-mortgage lender, is getting out of the business.
Residential Mortgage Lender's Correspondent Lending Division in Expansion Mode
Posted by mortgage 21 days ago (Editorial)
ROLLING MEADOWS, Ill., May 2, 2012 /PRNewswire-iReach/ -- Residential mortgage lender Platinum Home Mortgage Corporation announced today that their Correspondent Lending Division has tripled their geographic territory to 43 of the contiguous 48 states. Joining the staff in Clifton Park,...
Analysis: U.S. mortgage funds emerge even as housing stays weak
Posted by mortgage 23 days ago (Editorial)
The U.S. housing market may still be in the doldrums, but funds that are betting on big gains in mortgage-related investments are a hot ticket this year on Wall Street. A number of hedge funds, asset managers ...
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