Despite a memo issued by the Justice Department in September promising to seek prosecution of individuals for their role in the financial crisis, it has not happened in the last five months even after the announcement of three notable settlements with large financial firms.
Read More »The Week Ahead: Waiting to See if Mortgage Default Rate Will Reverse Course
The default rate on first mortgages ticked up in each month from October through December. Will it continue to rise in January or will it do an about face?
Read More »Nobel Prize-Winning Economists Support Fed Reform Act
The Fed Oversight Reform and Modernization (FORM) Act passed with bipartisan support in the House in November over the protests of Fed Chair Janet Yellen.
Read More »Counsel’s Corner: Challenges that Keep Foreclosures Stuck in the Pipeline
In this installment of Counsel's Corner, Larry Buckley and Adam Womack of Buckley Madole discuss a few of the things that can delay foreclosure or bankruptcy proceedings.
Read More »Incenter Acquires Interactive Mortgage Advisors
Incenter, a Blackstone portfolio company headquartered in Saint Paul, Minnesota, has announced it has signed an agreement to acquire the assets of Interactive Mortgage Advisors, LLC (IMA).
Read More »Van Ness Law Firm Opens New Downtown Miami Location
The new location provides a strategic location directly across from the Miami-Dade County Courthouse and is located only a few blocks from the U.S. Bankruptcy Court.
Read More »Budget Office Estimates Cost of CFPB Watchdog
How much would direct spending increase if an inspector general is appointed for the Consumer Financial Protection Bureau?
Read More »Survey: Majority Supports Leveraging Private Capital to Reduce GSE, Taxpayer Risk
Is the government doing enough to reduce the risk of another taxpayer-funded bailout of Fannie Mae and Freddie Mac?
Read More »FHA Chief Golding Defends Agency’s Health to Congress
The House Subcommittee on Housing and Insurance questioned FHA's acting commissioner, Ed Golding, on a number of topics related to the Agency's well-being.
Read More »Wells Fargo Faces Challenges to Start 2016
So far this year, the bank has had to cut nearly 600 mortgage jobs and agreed to a $1.2 billion settlement with regulators over underwriting practices.
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