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These investors complain they get little say or direct recompense in government settlements with big banks over misrepresentations of mortgage securities like the Department of Justice's $7 billion deal with Citigroup.
July 18
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"The real question for me is should we be in the FHA business at all," the CEO says.
July 15
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Ocwen Financial has repurchased approximately $72.3 million in stock from WL Ross & Co., a private-equity firm in New York.
July 15
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PennyMac Mortgage Investment Trust has entered into a repurchase agreement with Bank of America to finance roughly $550 million in newly originated mortgage loans, though its subsidiary PennyMac Operating Partnership.
July 14 -
Mortgage-bond buyers, facing a supply shortage as their market shrinks and trading slows, get a chance tomorrow to bid for securities at the largest auction of its type since at least 2010.
July 14 -
The Federal Home Loan Bank of Chicago is launching a pilot program soon to buy home loans and issue Ginnie Mae securities. The program could allow community banks and credit unions to stay in the mortgage business.
July 14
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Under the terms of this settlement, the bank has admitted to its misdeeds in great detail, U.S. Attorney General Eric Holder said.
July 14 -
Bank of America Merrill Lynch priced an offering of bonds backed by the mortgage on the Intercontinental New York Times Square.
July 11 -
Radian Group and MGIC Investment Corp. are among mortgage insurers that would need to fill a financial gap under new financial-strength rules proposed by the Federal Housing Finance Agency.
July 11 -
Insurers would have two years to meet the tougher liquidity standards.
July 10
