DOJ, SEC Announce Historic $16.65 Billion Settlement With BofA
All Mortgage Fraud articles | Compliance Week
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2M ago
Ocwen Financial this week agreed to pay a total of $150 million in “hard-dollar” assistance to current and former New York borrowers to resolve numerous and significant abuses in violation of a previous settlement agreement with the New York Department of Financial Services. As part of the settlement, founder William ..read more
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Citigroup Reaches $7 Billion Subprime Mortgage Settlement
All Mortgage Fraud articles | Compliance Week
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2M ago
Ocwen Financial this week agreed to pay a total of $150 million in “hard-dollar” assistance to current and former New York borrowers to resolve numerous and significant abuses in violation of a previous settlement agreement with the New York Department of Financial Services. As part of the settlement, founder William ..read more
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HSBC to Pay $550 Million in Mortgage Case
All Mortgage Fraud articles | Compliance Week
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2M ago
Ocwen Financial this week agreed to pay a total of $150 million in “hard-dollar” assistance to current and former New York borrowers to resolve numerous and significant abuses in violation of a previous settlement agreement with the New York Department of Financial Services. As part of the settlement, founder William ..read more
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A Breakdown of BofA’s $16.65 Billion Settlement
All Mortgage Fraud articles | Compliance Week
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2M ago
Ocwen Financial this week agreed to pay a total of $150 million in “hard-dollar” assistance to current and former New York borrowers to resolve numerous and significant abuses in violation of a previous settlement agreement with the New York Department of Financial Services. As part of the settlement, founder William ..read more
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Ocwen Financial to Pay $150 Million Over Wrongful Foreclosures
Compliance Week » Mortgage Fraud
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2M ago
Ocwen Financial this week agreed to pay a total of $150 million in “hard-dollar” assistance to current and former New York borrowers to resolve numerous and significant abuses in violation of a previous settlement agreement with the New York Department of Financial Services. As part of the settlement, founder William ..read more
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S&P to Pay $77 Million for Ratings Misconduct
All Mortgage Fraud articles | Compliance Week
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2M ago
Standards & Poor’s Ratings Services has agreed to pay $58 million to the SEC, $12 million to the New York Attorney General’s Office, and $7 million to the Massachusetts Attorney General’s Office to settle a series of federal securities law violations involving fraudulent misconduct in its ratings of certain commercial ..read more
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Hudson City Bancorp to Pay $33M on Lending Practices
All Mortgage Fraud articles | Compliance Week
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2M ago
Hudson City Savings Bank today reached a $33 million settlement with the Department of Justice and the Consumer Financial Protection Bureau to resolve allegations that it engaged in discriminatory mortgage lending practices against predominantly African American and Hispanic neighborhoods. “This resolution represents the Justice Department’s largest residential mortgage 'redlining' settlement ..read more
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Goldman Sachs hit with $5 billion settlement
All Mortgage Fraud articles | Compliance Week
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2M ago
The Justice Department last week announced a $5 billion settlement with banking giant Goldman Sachs to resolve claims related to its packaging, securitization, marketing, sale, and issuance of residential mortgage-backed securities. The resolution requires Goldman to pay $2.4 billion in a civil penalty under the Financial Institutions Reform, Recovery and ..read more
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SEC charges CCO for role in TMG fraud scheme
Compliance Week » Mortgage Fraud
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2M ago
Steven Wolfe, the former chief compliance officer of investment adviser Tellone Management Group, has been charged by the SEC for his role in a fraudulent scheme to hide information from investors ..read more
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