Wells Fargo & Co. directors must face investors? claims that largest U.S. mortgage lender failed to properly disclose details of its foreclosure practices to government investigators, a judge ruled.
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Wells Fargo Directors Must Face Claims Over Foreclosure Probe, Judge Says
Posted by mortgage 99 days ago (Editorial)Ex-Credit Suisse manager pleads guilty in subprime probe
Posted by mortgage 103 days ago (Editorial)
NEW YORK (Reuters) - A former London-based Credit Suisse trader pleaded guilty to a criminal conspiracy charge on Wednesday, and he is cooperating with a U.S. government investigation on writedowns of subprime mortgage derivatives at the height of the financial crisis.
California?s Solo Mortgage Probe Complicated by 2008 Deal
Posted by mortgage 108 days ago (Editorial)
California Attorney General Kamala Harris objects to giving banks broad releases of liability for predatory lending. At the same time, she may be locked into her predecessor?s 2008 settlement with the largest lender in the state during the mortgage boom that does exactly that.
California?s Solo Mortgage Probe May be Hamstrung by 2008 BofA Settlement
Posted by mortgage 110 days ago (Editorial)
California Attorney General Kamala Harris objects to giving banks broad releases of liability for predatory lending. At the same time, she may be locked into her predecessor?s 2008 settlement with the largest lender in the state during the mortgage boom that does exactly that.
California?s Solo Mortgage Probe May Be Hamstrung by 2008 Deal
Posted by mortgage 110 days ago (Editorial)
California Attorney General Kamala Harris objects to giving banks broad releases of liability for predatory lending. At the same time, she may be locked into her predecessor?s 2008 settlement with the largest lender in the state during the mortgage boom that does exactly that.
Ex-CS manager pleads guilty in U.S. subprime probe
Posted by mortgage 111 days ago (Editorial)
NEW YORK (Reuters) - A former London-based Credit Suisse trader pleaded guilty to a criminal conspiracy charge on Wednesday, and he is cooperating with a U.S. government investigation on writedowns of subprime mortgage derivatives at the height of the financial crisis. David Higgs told a federal judge in New York that while he was a managing director in the investment banking division of Credit .
Ex-Credit Suisse traders plead guilty in subprime mortgage probe
Posted by mortgage 111 days ago (Editorial)
A worker in New York and a managing director in London admit they falsified the company's books to enhance their standing and boost their year-end bonuses as the housing market collapsed. Two former Credit Suisse traders pleaded guilty to conspiracy and signed cooperation agreements Wednesday in a long-running investigation into the subprime mortgage securities market that was expected to res
Subpoenas issued to financial firms in expanded probe
Posted by mortgage 116 days ago (Editorial)
The Justice Department issued civil subpoenas to 11 financial institutions as part of a new effort to investigate misconduct in the packaging and sale of home loans to investors, Attorney General Eric ...
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