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Bank of America Corp.'s Merrill Lynch unit will pay $15.7 million to settle a U.S. regulator's allegations that it failed to properly supervise traders who persuaded clients to overpay for mortgage bonds by misleading them about how much the firm paid for the securities.
June 12 -
Federal law enforcement authorities have arrested 74 people in this country and abroad, accusing them of participating in a wire fraud scam whose victims included real estate attorneys and settlement service providers.
June 12 -
Federal authorities charged a third real estate investor with bribery-related offenses in a long-running corruption probe of the process through which the Philadelphia Sheriff's Office sells seized and foreclosed properties.
June 8 -
Two Orange County, Calif., men were to federal prison for their part in a mortgage scheme that led to the fraudulent purchase of more then 100 condominium units and $10 million in losses.
June 7 -
Freedom Mortgage is being punished by a government-owned mortgage guarantor amid concerns that the Mount Laurel, N.J.-based company is helping to enable unnecessary refinances of veterans' loans.
June 4 -
The federal government has opened a criminal investigation into whether traders manipulated prices in the $550 billion market for corporate bonds issued by Fannie Mae and Freddie Mac, according to people familiar with the matter.
June 1 -
Gary Klopp of Nottingham, Md., was ordered to pay more than $525,000 and temporarily barred from working in the mortgage industry by a U.S. District Court judge for violating a previous court order, according to Maryland Attorney General Brian Frosh.
May 24 -
The CFPB is looking to rescind Obama-era policy that allowed it to punish banks and financial firms for unintentional discrimination.
May 21 -
A ring of thieves illegally took ownership of more than 40 homes across South Florida in a multimillion-dollar plan — even stealing properties that belonged to the dead, authorities say.
May 11 -
The union representing employees at the CFPB is already fighting acting Director Mick Mulvaney's efforts to restructure the agency, and readying for a potentially larger conflict as rumors of layoffs swirl.
May 10