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New York-based investment banking firm Goldman Sachs has agreed to pay $3.15 billion to settle a lawsuit filed by the Federal Housing Finance

New York-based investment banking firm Goldman Sachs has agreed to pay $3.15 billion to settle a lawsuit filed by the Federal Housing Finance

New York-based investment banking firm Goldman Sachs has agreed to pay $3.15 billion to settle a lawsuit filed by the Federal Housing Finance Agency alleging that Goldman Sachs sold faulty residential mortgage-backed securities to GSEs Fannie Mae and Freddie Mac, for which FHFA ...

The Consumer Financial Protection Bureau unveiled this week its list of companies selected to participate in the agency's mortgage eClosing pilot program designed to measure the benefits of electronic mortgage closings and determine best practices. The pilot was first announced in ...

Bank of America announced Thursday morning it has agreed to pay a record $16.65 billion to resolve claims related to the sale of toxic mortgage-backed securities during the years leading up the financial crisis. The settlement, which comes after months of ...

The national mortgage delinquency rate declined for the 10th consecutive quarter in the second quarter of 2014 and is at its lowest level since 2008, according to TransUnion's quarterly mortgage report. The rate of U.S. mortgage delinquencies, defined as those in ...

While overall national consumer credit default has hit its lowest levels in 10 years, the first mortgage default rate continues to decline, according to the July 2014 S&P/Experian Consumer Credit Default Indices released on Tuesday. The first mortgage default rate slipped to ...

A second quarter broad-based rebound combined with some revisions in the first quarter economic activity has given a boost to 2014 full-year economic expectations, according to the August 2014 Economic Outlook put together by Fannie Mae's Economic and Strategic Research ...

As the Federal Housing Finance Agency mulls over a proposed increase in fees charged by the GSEs to provide guarantees on mortgage-backed securities, a new report from the Urban Institute suggests the agency faces a difficult task. The team at UI determined there are ...

The U.S. Department of the Treasury announced that it plans to continue selling its shares of common stock in Ally Financial, which will further reduce the government's stake in the Detroit-based auto lender and recover more TARP investment funds for taxpayers. Treasury now holds 75 million ...