No more burdened by legal expenses that plagued them in 2014, both Morgan Stanley and Bank of America saw major year-over-year boosts in net income.
Read More »Mortgage Default Rate is Quietly Creeping Upward
The default rate on first mortgages has been climbing recently. Is a trend forming, or is it the result of seasonal fluctuations?
Read More »Trulia Names New Chief Economist
Trulia has promoted its Housing Economist, Ralph McLaughlin, to fill the Chief Economist position with the company.
Read More »Westcor Land Title Appoints New EVP to Lead Investor Services
Westcor Land Title Insurance Company recently appointed Ryan Peterson as the company's new EVP. In his new role, Peterson will provide senior leadership to Westcor’s newest division, Investor Services.
Read More »Will Royal Bank of Scotland be the Next to Settle RMBS Fraud Claims?
Out of 18 firms sued by the FHFA in 2011 over RMBS fraud, RBS is the only one not to have resolved their case through either settlement or trial.
Read More »Hunoval Law Firm Announces New Hirings
Hunoval Law Firm, a default servicing firm serving clients in Virginia, North Carolina, and South Carolina, has announced the addition of Phil Marquez as Director of Default Client Relations and Bryan Haskins as Managing Closing Attorney.
Read More »Hladik, Onorato & Pearlstine Merges with Federman & Associates
Hladik, Onorato & Pearlstine has announced a merger with Federman & Associates in an effort to expand its practice in the Pennsylvania and New Jersey markets.
Read More »The Week Ahead: Will Morgan Stanley and Goldman Sachs Rebound?
Among the news the industry will be watching for in the coming week will be the Q4 and year-end earnings statements for Morgan Stanley and Goldman Sachs, among others.
Read More »Citigroup Posts Best Yearly Income Since 2006; Wells Fargo Holds Steady
While the approaching date of December 25, 2015, meant it was beginning to look a lot like Christmas for many, for Citigroup it was beginning to look like the pre-crisis year of 2006.
Read More »Goldman Sachs Agrees to Pay $5 Billion to Settle RMBS Claims
The investment banking firm reached an agreement in principle to settle claims that it sold faulty mortgage-backed securities before the crisis.
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