U.S. authorities are preparing to charge four former Credit Suisse Group AG employees with criminal and civil fraud related to write-downs on subprime mortgage derivatives at the height of the financial ...
Published News » Subprime Mortgage
U.S. to charge ex-Suisse traders on subprimes: sources
Posted by mortgage 113 days ago (Editorial)
GE's Former Subprime Unit Probed For Possible Fraud
Posted by mortgage 124 days ago (Editorial)
It's been three long years since the housing bubble cratered the economy and not a single top mortgage executive sits behind bars. But sometimes the wheels of justice just turn extra slowly.
Standard & Poor's Revises American Home Mortgage Servicing, Inc. Outlook to Positive
Posted by mortgage 21 days ago (Editorial)
DALLAS, May 3, 2012 /PRNewswire/ --
Bad home loans top $72B in ?colossal failure?
Posted by mortgage 105 days ago (Editorial)
WASHINGTON - Costs from faulty mortgages and shoddy foreclosures have topped $72 billion at the biggest U.S. banks as they near a settlement of a 50-state probe into the industry?s practices.
SEC charges 3 former Thornburg executives with fraud
Posted by mortgage 71 days ago (Editorial)
In February 2008, as the mortgage meltdown was creating a crisis at Thornburg Mortgage, the chief executive of the big lender wrote an e-mail explaining how he hoped to keep the trouble under wraps, the Securities and Exchange Commission said. Read full article >>
Subpoenas issued to financial firms in expanded probe
Posted by mortgage 117 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 ...
On the Trail of Mortgage Fraud
Posted by mortgage 129 days ago (Editorial)
President Obama should form a task force to investigate and pursue potential civil and criminal wrongdoing by institutions and people whose conduct had the greatest economic impact.
SEC May Target Big Banks In Lawsuit Over Mortgage-Backed Securities
Posted by mortgage 104 days ago (Editorial)
Regulators may be preparing a lawsuit against some of the country's largest banks in order to probe their role in the acceleration of the financial crisis.
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