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 10 hours ago (Editorial)
FDIC sues big banks over subprime mortgage losses
Posted by mortgage 10 hours ago (Editorial)
United States deposit insurer FDIC has sued Deutsche Bank and other big financial groups, seeking damages for mortgage losses. The lawsuit is one more attempt to clean up the subprime mortgage scandal.
AIG ventures back into subprime mortgages
Posted by mortgage 2 days ago (Editorial)
American International Group, the insurer that needed a $182.3 billion bailout from the U.S. government in 2008 after failed mortgage investments, is betting this time it's different.
AIG Wagers on Subprime Betting Second Time Different: Mortgages
Posted by mortgage 6 days ago (Editorial)
American International Group Inc. (AIG) , the insurer that needed a $182.3 billion bailout from the U.S. government in 2008 after failed mortgage investments, is betting this time it?s different.
Mortgage Rates in U.S. Fall to Record Lows With 30-Year at 3.79%
Posted by mortgage 6 days ago (Editorial)
Mortgage rates in the U.S. fell to a record for a third straight week, reducing borrowing costs as the housing market improves and home-loan defaults decline.
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
Former GM mortgage unit files for bankruptcy in the US
Posted by mortgage 8 days ago (Editorial)
ResCap, the subprime mortgage lender that was once owned by the US car giant General Motors, filed for bankruptcy protection yesterday in a move that is expected to help its parent company, Ally Financial, focus on its main car lending business and put together a plan to pay back billions to US taxpayers.
Former subprime lender ResCap files for Ch. 11
Posted by mortgage 8 days ago (Editorial)
Residential Capital L.L.C., which was a big subprime mortgage lender and still employs 1,385 in Fort Washington, filed for bankruptcy protection in New York on Monday.
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