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A majority of small bank executives are concerned about the impact of new regulations on their mortgage lending business, according to an industry trade group.
January 27 -
A California loan broker who defrauded investors of more than $17.4 million has been sentenced to five years in prison.
January 26 -
The Supreme Court gave borrowers the path to file a rescission notice without going to court, but experts expect more banks to initiate legal proceedings to stop rescissions they see as frivolous.
January 26
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Recently disclosed emails and documents give the clearest evidence yet that high-level banking officials pushed subprime mortgage loans knowing some Detroiters couldn't pay them helping spark a foreclosure crisis that devastated the city during the Great Recession.
January 26 -
Consent decrees issued (and not issued) last week demonstrate how having appropriate compliance controls can and will make a major difference in any potential regulatory response.
January 26
Offit | Kurman -
Ocwen Financial Corp., one of the biggest U.S. mortgage servicers, rejected as "groundless" accusations by an investor group that the companys practices created defaults on home-loan bonds backed by debt it oversees.
January 26 -
California's Department of Business Oversight said Friday that it will drop its effort to suspend Ocwen Loan Servicing's mortgage license in California. The Atlanta servicer had failed for more than a year to provide its California regulator with requested information
January 23
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Freddie Mac is selling $410 million of deeply delinquent U.S. home loans in its second sale of the debt.
January 23 -
BlueMountain Capital Management is claiming that "misconduct" by Ocwen Financial Corp. triggered a default in securities issued by an affiliate of the mortgage servicer.
January 23 -
The consumer bureau and Maryland's AG allege the loan officers received consumer data and other services in return for business referrals.
January 22
