Tag:
Lenders
Latest Headlines
Latest Headlines
Roubini tweets about the next MF Global
And the next MF Global is..?
Noriel Roubini rocketed to fame when he correctly predicted the real estate and financial crises that devastated the economy. People in high places have been paying attention to him ever since. Which brings us to a few tweets he issued recently about the next MF Gl
Update: the irony of MF Global's bankruptcy court move
MF Global has filed for Chapter 11 bankruptcy court protection from creditors. While some thought there might be some prepackaged elements to the filing, those hopes were dashed, as talks with Interactive Brokers Group apparently fell apart in the morning. The company was in talks to buy some asse
Banks and states return to the negotiating table today
Are we finally in for a breakthrough in the start-and-stop effort by banks and state AGs to settle claims of widespread mortgage and foreclosure fraud?
We've seen a lot of false starts, and the impasse has been portrayed as one not easily solved. The headlines--especially when New York was kic
Bank of America not alone in facing putback claims
All banks have been tarred with charges that they violated state and federal laws with their mortgage-backed securities offerings. Bank of America, however, has stood alone in that it was also the target of various putback claims--that is, suits that argue that the bank violated lenders representa
Banks still "forging" mortgage documents?
Has anything really changed in the mortgage industry, despite a lot of political rancor about some dubious practices that banks said have been cleared up?
The American Banker has weighed in with an investigation that has found "some of the largest mortgage servicers are still fabricating d
The rise of shadow banking in China
The rise of the shadow banking system in the U.S. has arguably been one of the more profound developments in the financial industry over the last decade or so. No one doubts that the rise of this system has in many ways pushed the industry beyond the realm of strong regulation, as it sprawls in wa
Moral hazards emerge as home foreclosure delays get worse
This is a great time to be a mortgage deadbeat. You've probably heard of people who have stopped making payments on their mortgage but continue to live in the house and seem rather blasé about the whole thing. For such deadbeats, a perfect storm has allowed them to breathe easier than they would'v
Fed issues mortgage rules for comment
A big issue in the rush to set mortgage standards has been the idea of so-called qualified mortgages. As regulators pondered some steps that would protect the financial system and make a repeat of the mortgage meltdown less likely, one concern was that not all of these protective new rules ought t
White paper on mortgage system is on the way
The Administration is expected to issue a white paper soon that will address the ailing consumer mortgage market and how it should be fixed. We've discussed these matters quite a bit.
The big issue is the role of Fannie Mae and Freddie Mac, the two disgraced GSEs that remain effectively wa
Simplified mortgage disclosure coming soon
The new Consumer Financial Protection Bureau will soon award a contract to create improved, simpler mortgage disclosure forms that would spell the ins and outs to consumers in an easy-to-understand fashion, Bloomberg reports.
Elizabeth Warren, who is setting up the bureau, has indicated pr
