The U.S. Securities and ExchangeCommission, long known for settling enforcement actions withouthaving to prove its case in court, is struggling to cope with aa surge in the number of executives and companies ...
Search results for sec, charges, excountrywide, ceo, mozilo, fraud, smartpros, accounting
SEC Trials Increase 50 Percent as Execs Fight Lawsuits
Posted by mortgage 23 hours ago (Editorial)
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
Four in East Bay senior home mortgage fraud scheme receive prison sentences
Posted by mortgage 10 days ago (Editorial)
Four people involved in a mortgage loan fraud scheme centered in central Contra Costa involving at least 20 properties and more than $20 million in loans were sentenced Thursday to between 18 and 30 months in prison.
Halifax pushes up mortgage charges in new blow to homeowners as banks are accused of profiteering despite record low ...
Posted by mortgage 12 days ago (Editorial)
Britain?s biggest mortgage lender yesterday increased its rates by up to 0.3 percentage points despite the Bank of England keeping the base rate at 0.5 per cent for the 38th month in a row.
Former Conway home seller, mortgage broker sentenced in real estate fraud case
Posted by mortgage 20 days ago (Editorial)
Former Conway manufactured home dealer Glenn Vaught and his mortgage broker accomplice, Michael Fortenberry, will spend the next three years in federal prison for their roles in a fraud scheme that cost two banks more than $1.5 million and left prospective buyers with six-figure loans on homes that didn?t exist.
Psychology Of Fraud: Why Good People Do Bad Things
Posted by mortgage 21 days ago (Editorial)
Enron, Worldcom, Bernie Madoff ? the past decade has brought us a long parade of headlines involving unethical behavior. And that's led researchers to a disturbing conclusion: The vast majority of us are not only capable of behaving in profoundly unethical ways, but without realizing it, we do it all the time. Exhibit A: the story of Toby Groves.
H&R Block unit to pay $28.2M to settle SEC charges related to RMBS
Posted by mortgage 28 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 ...
H&R Block unit agrees to $28.2M SEC settlement
Posted by mortgage 28 days ago (Editorial)
The U.S. Securities and Exchange Commission said Monday that H&R Block Inc. subsidiary Option One Mortgage Corp. has agreed to pay $28.2 million to settle charges that it misled investors about subprime mortgage offerings.
Mortgage How to Get is an informational resource about mortgage news and information.