Mortgages secured by multi-unit properties pose a higher fraud risk than all other property types, the antifraud technology vendor Interthinx says in its latest quarterly report.
Freddie Mac will return $10.4 billion in profits to the Treasury Department next month, bringing total payments to about $10 billion above what it got in aid under conservatorship.
Bank of America Corp. disclosed new probes into its mortgage and foreign-exchange businesses and boosted an estimate of potential legal losses by 20% to $6 billion.
The Securities and Exchange Commission wants public input on the idea of requiring loan-level data disclosure to be made through an investor website rather than on the public EDGAR system.
Standard & Poors said President Obama met with Treasury Secretary Timothy Geithner just before Geithner warned the company to expect a response to its downgrade of U.S. debt, an event that justifies its request to see White House communications to help defend fraud claims.