Another mortgage-crisis suit settles for pennies on the dollar
Big banks have cut yet another settlement from the mortgage crisis at pennies on the dollar. Wells Fargo, Royal Bank of Scotland and Deutsche Bank have reached a $165 million class-action settlement of...
View ArticleTwo Obama holdovers are sowing the seeds for another subprime collapse
A pair of top Obama-appointed bank regulators still serving in the Trump administration could spark another mortgage meltdown by lowering credit standards and encouraging risky lending practices....
View ArticleBarclays to pay $2B to settle mortgage fraud suit
British banking behemoth Barclays will pay $2 billion in civil penalties to the Justice Department for its role selling “craptacular” mortgages in the financial crisis — just 15 months after the US...
View ArticleAppeals court reverses fraud conviction of ex-trader Jesse Litvak
What’s the matter with Connecticut? Two major Wall Street corruption cases fell apart on Thursday — dealing a one-two punch to the federal government’s push to clean up lying and bad behavior among...
View ArticleTrump’s key step toward avoiding another mortgage meltdown
President Trump is certainly right to demand major changes in the way the government helps Americans buy homes. But will his team go far enough? On Wednesday, Trump directed regulators to draw up plans...
View ArticleMortgage crisis ‘villain’ Angelo Mozilo: ‘I don’t care’ anymore
Angelo Mozilo is done being the villain. Speaking at an exclusive hedge fund conference in Las Vegas this week, the disgraced former head of Countrywide Financial said he doesn’t care that he is still...
View ArticleBarclays to pay $2B to settle mortgage fraud suit
British banking behemoth Barclays will pay $2 billion in civil penalties to the Justice Department for its role selling “craptacular” mortgages in the financial crisis — just 15 months after the US...
View ArticleAppeals court reverses fraud conviction of ex-trader Jesse Litvak
What’s the matter with Connecticut? Two major Wall Street corruption cases fell apart on Thursday — dealing a one-two punch to the federal government’s push to clean up lying and bad behavior among...
View ArticleTrump’s key step toward avoiding another mortgage meltdown
President Trump is certainly right to demand major changes in the way the government helps Americans buy homes. But will his team go far enough? On Wednesday, Trump directed regulators to draw up plans...
View ArticleMortgage crisis ‘villain’ Angelo Mozilo: ‘I don’t care’ anymore
Angelo Mozilo is done being the villain. Speaking at an exclusive hedge fund conference in Las Vegas this week, the disgraced former head of Countrywide Financial said he doesn’t care that he is still...
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