Hedge funds and Wall Street may see up to $460 billion in credit losses before the current crisis ends, according to new Wall Street research. The figure, cited by Goldman Sachs on March 25, was noted widely in the market, according to multiple reports. "Clearly, this analysis is bearish for the financial sector," said David Ader, U.S. government bond strategist at RBS Greenwich Capital.
The Republican proposal would bring the CFPB under congressional appropriations and curb several of its regulatory powers.
The real-estate services firm has purchased a title search company and affiliate just months after buying the Mortgage Contracting Services division from MCS.
Workforce solutions firm 3N Performance agreed to a Washington consent order after officials found it had engaged in unlicensed processing and underwriting.
Markets are still pricing in an increase in the federal funds rate later this month, but Federal Reserve Gov. Michael Barr said his vote will depend on incoming unemployment and inflation data.
The nation's largest homebuilder is fending off accusations that it misled home buyers on their escrow estimates and saddled them with steep increases.
