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Royal Bank of Scotland Group agreed to pay $5.5 billion to settle the second of three major U.S. mortgage-backed securities probes the government-owned lender must overcome before it can fully return to the private sector.
July 12 -
Federal Reserve officials have mapped out plans to reduce their $4.5 trillion balance sheet, but they’ve left out one key detail: the starting point.
July 5 -
Morgan Stanley received credit for $30 million of consumer relief, completing 85% of the obligations required by its February 2016 settlement with New York State.
July 3 -
Test your knowledge of these key terms from the servicing sector of the mortgage industry.
June 30 -
Wells Fargo & Co. surprised investors this week by withholding more than $90 million due to buyers of pre-crisis residential mortgage-backed securities.
June 30 -
Angel Oak was able to secure triple-A credit ratings for its next offering of nonprime residential mortgage bonds, despite offering considerably less credit enhancement.
June 28 -
The real estate investment trust is issuing its fourth securitization of older performing and non-performing loans of the year, and 13th since 2014.
June 28 -
American International Group is accessing the securitized market through a Credit Suisse deal backed by loans that were generally originated less than a year after TRID.
June 21 -
Housing finance reform discussions are heating up and there's a growing sense that legislation can be enacted sooner rather than later. Here's why.
June 21 -
Managing portfolios for an influx of servicing rights investors helps mortgage companies augment revenue and keep rising costs and compliance risks in check.
June 19