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McGraw Hill Financial Inc.'s Standard & Poor's unit asked a judge to throw out California's claims the company violated false-advertising and business practices laws in rating mortgage-backed securities as the state seeks an award of at least $3 billion.
February 5 -
Lynn E. Szymoniak, famous for helping to uncover the robo-signing scandal, is now suing 22 companies for allegedly creating fraudulent documents and submitting tens of thousands of false claims to HUD.
February 5
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The GSEs first STACR transaction of 2014 seeks to offload the risk of a $31 billion mortgage pool with comparable credit scores but higher loan-to-value ratios than in recent securitizations.
February 5 -
American International Group and other objectors to Bank of America Corp.'s $8.5 billion settlement with mortgage-bond investors including BlackRock asked a judge to delay entry of a ruling approving the pact.
February 5 -
JPMorgan Chase will pay $614 million to settle claims it improperly approved Federal Housing Administration and Veterans Affairs loans that weren't eligible for insurance from those agencies because they didn't meet underwriting requirements.
February 5 -
Republicans insist on making the debt-ridden insurance program actuarially sound.
February 4 -
K-deals transfer a portion of the mortgages' risk away from taxpayers and to private investors who purchase the unguaranteed subordinate bonds in transactions.
February 4 -
Morgan Stanley agreed to pay $1.25 billion to settle a U.S. regulators claims that the investment bank sold faulty mortgage-backed securities to Fannie Mae and Freddie Mac.
February 4 -
Profits from flipping houses surged last year, but if prices stabilize as expected, this activity could level off.
February 4
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A lender promises to be ready to close" loans within 15 business days of receiving an appraisala far cry from where the mortgage industry once imagined it was heading.
February 4
