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JPMorgan Chase late last week rebutted federal claims that it misled four now defunct corporate credit unions into buying $1.5 billion of risky MBS and pointed the finger - as NCUA's own internal reviews have - at the management of the failed corporates and at NCUA's own examiners.
October 31 -
WASHINGTON — The Consumer Financial Protection Bureau faces one of its biggest challenges in how to finalize a rule that would require a lender to verify a borrower's ability to repay a mortgage loan.
October 28 -
The Georgia Department of Banking and Finance this week issued a cease and desist order against two mortgage companies for allegedly conducting business in the state without a license.
October 28 -
County lawyers in Texas are setting their sights on MERS, claiming Merscorp Inc. and its subsidiary, Mortgage Electronic Registration Systems Inc., avoided paying millions in property recording fees.
October 26 -
A briefing and vote that would have authorized a county attorney in Texas to sue Merscorp was delayed Tuesday.
October 25 -
Attorneys for the Texas counties that encompass Houston and San Antonio are making plans to file lawsuits against Merscorp Inc.
October 25 -
A leading credit union executive told the Senate Banking Committee this morning that ongoing proposals to wind down Fannie Mae and Freddie Mac and privatize the secondary mortgage market would harm credit unions and other community lenders to the detriment of millions of homebuyers.
October 24 -
Reinstating trust in the ratings process is key to growing investor interest, according to buyside participants in a panel at an asset-backed securities conference in Miami last week.
October 24 -
In the wake of the housing market's decline, there have been several companies who claim that they can help homeowners restructure their mortgages, but in reality, this is not the case.
October 24 -
A loan officer, a certified public accountant, two members of the Hells Angels Motorcycle Club and four other defendants have recently been indicted by a federal grand jury for a $10 million mortgage and money-laundering scheme that defrauded financial institutions.
October 24
