Posted by Reuters: Business News on January 30, 2012
WASHINGTON/CHARLOTTE (Reuters) – State and federal officials are close to a settlement with the largest U.S. banks over mortgage abuses, with states facing an end-of-the-week deadline to decide whether they will sign on, people close to the talks said.
Posted by Reuters: Business News on January 7, 2012
WASHINGTON (Reuters) – Federal Reserve Governor Sarah Bloom Raskin on Saturday said the Fed must impose monetary penalties on banks who entered into an April agreement with regulators over how to fix problems in their mortgage servicing businesses.
Posted by Reuters: Business News on December 7, 2011
WASHINGTON (Reuters) – Congressman Barney Frank on Wednesday asked his colleagues to hold a hearing on alleged mortgage abuses at Ally Financial, a day after the attorney general from his home state of Massachusetts requested that lawmakers investigate.
Posted by Reuters: Business News on November 22, 2011
WASHINGTON (Reuters) – States are crafting a scaled-back mortgage abuses settlement with top U.S. banks that would exclude California, one of the states hardest hit by foreclosures and falling home prices.
Posted by Reuters: Business News on September 2, 2011
WASHINGTON (Reuters) – The agency that oversees mortgage markets is preparing to file suit against more than a dozen big banks, accusing them of misrepresenting the quality of mortgages they packaged and sold during the housing bubble, The New York Times reported on Thursday.
Posted by Reuters: Business News on June 21, 2011
WASHINGTON/NEW YORK (Reuters) – JPMorgan Chase & Co said it agreed to pay $153.6 million to settle U.S. Securities and Exchange Commission charges that it misled investors about a mortgage securities transaction just as the nation’s housing market was starting to plummet.
Posted by Reuters: Business News on May 23, 2011
WASHINGTON (Reuters) – Government negotiators plan to squeeze big banks for a larger settlement over mortgage servicing flaws when the two sides meet in Washington on Tuesday.
Posted by Reuters: Business News on April 19, 2011
WASHINGTON (Reuters) – Lenders would be required to make sure prospective borrowers have the ability to repay their mortgages before giving them a loan, under a proposal released by the Federal Reserve on Tuesday.
Posted by Reuters: Business News on April 13, 2011
WASHINGTON/CHARLOTTE, North Carolina (Reuters) – U.S. bank regulators announced pacts with the largest home lenders over allegations of shoddy foreclosure practices, jumping ahead of a states-led probe and leaving the amount of fines until later.
Posted by Reuters: Business News on January 12, 2011
WASHINGTON (Reuters) – U.S. import prices jumped in December as energy costs surged, a sign that while inflation may be tame domestically there are plenty of price pressures coming from overseas.
