Google+
  • Ocwen28.370.00 0.00%
  • Zillow132.090.00 0.00%
  • Trulia55.910.00 0.00%
  • NationStar34.240.00 0.00%
  • CoreLogic28.120.00 0.00%
  • RE/MAX30.570.00 0.00%
  • Fannie Mae3.4150.00 0.00%
  • Freddie Mac3.350.00 0.00%
  • Wells Fargo52.510.00 0.00%
  • CitiMortgage52.390.00 0.00%
  • Bank of America16.770.00 0.00%
  • Auction.com0.00N/A N/A
  • Fidelity National Financial28.110.00 0.00%
  • Black Knight Financial0.00N/A N/A
  • AUDUSD=X0.8955N/A N/A
  • USDJPY=X108.755N/A N/A
  • WP Stock Ticker
Home | News | Government

U.S. Bank, HUD Settle Discrimination Allegations

HELOC

U.S. Bank has reached a settlement with a housing regulator over allegations the bank discriminated against a Native American couple in denying them a refinance. In a complaint filed with HUD, the couple alleged U.S. Bank and its appraiser, Red Sky Risk Services, turned down their refinance application last year, informing them that the bank couldn't make the loan because their property was located on a reservation and could not be appraised.

Read More »

HSBC Agrees to Pay $550M in RMBS Settlement

gavel

In a settlement announced Friday, HSBC agreed to pay $550 million to FHFA to resolve allegations it violated state and federal securities laws in its selling of private-label securities to the GSEs between 2005 and 2007. HSBC stopped issuing and distributing MBS in 2007.

Read More »

OCC: Financial Industry Supervisors Need to ‘Remain Vigilant’

wall-st-and-gov

In speaking before the U.S. Senate Committee on Banking, Housing, and Urban Affairs earlier in the week, Comptroller of the Currency Thomas J. Curry said the overall financial condition of banks has improved since the passage of the Dodd-Frank Reform Act four years ago – but he believes that supervisors need to "remain vigilant."

Read More »

Risk Retention Rule Nearing Completion

government

Federal Reserve governor Daniel Tarullo echoed Gruenberg's statement, though he was less concrete on a timeline: "I don't know whether I'd say by the end of the year, but I think we're definitely in the home stretch." As it was proposed in 2011, the rule originally called for securities issuers to hold on to 5 percent of a mortgage's risk after selling it unless the borrower made a 20 percent down payment.

Read More »
Scroll To Top