Justice Dept. unit to probe mortgage-backed securities – USA Today
For the first time since the crisis, federal investigators will be joined by state law enforcement officials as part of a working group that, New York Attorney General Eric Schneiderman said, would launch the “broadest, deepest investigation …
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Jan. 25 (Bloomberg) — President Barack Obama’s mortgage investigation unit will probe bank conduct that created the housing bubble and bust, including the packaging of loans into securities, the New York Attorney General said. The president … Go to Source…
U.S. Attorney General Eric Holder Friday announced the formation of a task force focused on probing residential mortgage-backed securities following President Barack Obama’s call for a unit to probe the finance industry’s conduct leading up to … Go to Source…
New York Attorney General Eric Schneiderman and California Attorney General Kamala Harris are joining the national mortgage servicing settlement, making a deal that includes all 50 states all but inevitable, according to a source who spoke … Go to Source…
Two state attorneys general are investigating Bank of New York Mellon and Deutsche Bank, two of the largest banks charged with checking paperwork related to the securitization of mortgages, a practice which contributed to the financial crisis, the New York … Go to Source…
New York Attorney General Eric Schneiderman and Delaware Attorney General Beau Biden are looking into whether Wall Street firms bothered to pass along the appropriate paperwork when they took individual home loans and repackaged them into securities for sale. New York Times’ Gretchen Morgenson and Housing Finance Expert Josh Rosner discuss the mortgage mess on msnbc. (Dylan Ratigan Show) Go to Sou…
WASHINGTON/NEW YORK (Reuters) – All 50 states launched a joint investigation of the mortgage industry on Wednesday, a move some experts fear may slow sales of foreclosed homes and threaten the recovery of the fragile housing market. The state attorneys … Go to Source…
PMI expects that PMI Mortgage Insurance Co. will use such amounts for working capital and general corporate purposes. Credit Suisse Securities ( USA ) LLC and BofA Merrill Lynch are acting as joint … About The PMI Group, Inc. The PMI Group, Inc. ( Go to Source…
PMI expects that PMI Mortgage Insurance Co. will use such amounts for working capital and general corporate purposes. Credit Suisse Securities ( USA ) LLC and BofA Merrill Lynch are acting as joint … About The PMI Group, Inc. The PMI Group, Inc. ( Go to Source…
Attorney General Eric T. Schneiderman of New York sued three major banks on Friday, accusing them of fraud in their use of an electronic mortgage database that he said resulted in deceptive and illegal practices, including false documents in … Go to Source…
Attorney General Eric Holder, FBI Director Robert Mueller and other officials from the Financial Fraud Enforcement Task Force held a press conference to announce the results to date of “Operation Stolen Dreams,” a three and a half month operation targeting mortgage fraud. Go to Source…
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