Switzerland's largest bank UBS said it had been advised by the Justice Department that the law enforcement agency intends to file the civil complaint.
News Headlines
Nov
09
2018
It anticipates the Justice Department will seek unspecified monetary penalties regarding the mortgage securities, which...
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Switzerland's largest bank UBS said it had been advised by the Justice Department that the law enforcement agency intends to file the civil complaint.
Nov
06
2018
The San Francisco bank reported in August that it miscalculated certain fees when determining whether borrowers were...
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Wells Fargo & Co. acknowledged Tuesday that it failed to offer mortgage modifications to hundreds more borrowers who were due them and that many ultimately lost their homes because of the error.
Nov
06
2018
"There will always be a population of laggards," said Craig Strent, CEO of Maryland-based Apex Home Loans. "Some folks...
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The number of borrowers who could have benefited from a refinance this year alone dropped by 56 percent, according to a new report from real estate data analytics firm Black Knight.
Oct
31
2018
"We're going to see more and more bad earnings because [a] 5 percent mortgage is the end, that is the line in the sand...
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"The mortgage rate is very high in this country," putting a drag on the economy as housing-related companies struggle, CNBC's Jim Cramer says.
Oct
24
2018
Modern credit systems are now powered by sophisticated algorithmic credit scoring, the use of trended and alternative...
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Consumer credit has been constantly evolving for more than 5,000 years, but the reality is that the most drastic changes to the industry came fairly recently.
Oct
22
2018
In a note to clients last week, economists at Bank of America Merrill Lynch led by Michelle Meyer said that, “while...
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In a note to clients last week, economists at Bank of America Merrill Lynch led by Michelle Meyer said that, “while housing is no longer a tailwind, its headwinds are blowing very slowly.”
Oct
19
2018
“The economy and consumer sentiment remain very robust and that will sustain purchase demand, particularly in...
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Some analysts believe that September may bring rosier housing data than in prior months, but most are pessimistic about the bigger picture for the housing market.
Oct
14
2018
The approach of a nearly two-year-old, 15-person San Francisco-based startup called Divvy Homes is among the more...
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Tech startups have found all kinds of ways to lend money to people who have either too little or not very good credit.
Oct
09
2018
"It already is affecting housing. Every basis point rate rise already is affecting housing. The run-up in rates over...
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Major homebuilding and construction ETFs are in a bear market — down more than 20 percent from their highs earlier this year. While some analysts say some of the downdraft in homebuilders could be overdone, it may continue as interest rates rise.