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BlackRock Inc. and other investors agreed to an $8.5 billion settlement with Bank of America Corp. over mortgage loans rather than risk litigation and the bankruptcy of its Countrywide Financial unit.
June 5 -
Bayview Loan Servicing is expanding customer assistance services through a partnership with MortgageKeeper Referral Services that adds financial counseling to the menu.
June 4 -
Most industry stocks were down by more percentage-wise than the Dow, but the most any one individual MIEC stock was down on the day was just 4.65%
June 4 -
The Consumer Financial Protection Bureau released exam guidance that details how it plans to enforce its recently released mortgage regulations.
June 4 -
We're hearing that two key themes in a white paper by the Bipartisan Policy Centers Housing Commission earlier this yearthe future of the insurance role in the private-label mortgage-backed securities market and how that might be tied to Fannie Mae and Freddie Macare gaining momentum.
June 4
National Mortgage News -
The U.S. Attorney for the Middle District of Florida said that Joseph Daniele pleaded guilty to conspiracy to commit wire fraud affecting a financial institution.
June 4 -
Lenders and special servicers operating in Nevada may be up for an unpleasant legal surprise if the states higher court upholds a 2012 ruling that maintains a private sale of property through receivership is basically the same as a foreclosure sale.
June 4 -
New York attorney general Eric Schneiderman has filed a lawsuit that accuses HSBC Bank USA and HSBC Mortgage Corp. for intentionally trapping homeowners into a foreclosure processing maze.
June 4
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A bipartisan group of U.S. senators is putting the final touches on a bill that would liquidate Fannie Mae and Freddie Mac and replace them with a government reinsurer of mortgage securities behind private capital.
June 4 -
Equity Loans has formally announced its entry into the wholesale origination sector.
June 4
