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 12 hours ago (Editorial)
FDIC sues big banks over subprime mortgage losses
Posted by mortgage 12 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.
New Record Low Set By Fixed Mortgage Rates According to ForTheBestRate.com
Posted by mortgage 12 hours ago (Editorial)
ForTheBestRate.com announces that fixed rate mortgage pricing reached a new historic low point with average 30 year fixed pricing falling even farther below 4 percent.Wilmington, NC (PRWEB) May 22, 2012 Mortgage rates for fixed rate home loan programs fell for the fourth consecutive week, dropping on average to new record lows, reports mortgage rate research website, ForTheBestRate.com. On ...
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.
Former subprime lender ResCap files for Chapter 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 Monday in New York.
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.
Ally's subprime mortgage unit may file for bankruptcy next week
Posted by mortgage 12 days ago (Editorial)
Washington ? The struggling subprime mortgage unit of Detroit-based Ally Financial Inc. may file for bankruptcy as early as next week.
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