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Digital Risk LLC, a once fast-growing mortgage-analysis company, handed out more than 740 pink slips statewide Tuesday, about three-quarters of them in Central Florida, as part of a restructuring of its work force amid turbulence in the mortgage
A man walks past JP Morgan Chase's international headquarters on Park Avenue in New York in this July 13, 2012 file photo. The non-profit group Better Markets filed a lawsuit against the Justice Department on Monday to block what it called an "
More Americans now believe it would be easy for them to get a mortgage, according to Fannie Mae's January 2014 National Housing Survey results. Consumer attitudes regarding the ease of getting a mortgage climbed 2 percentage points to an all-time
Wednesday, Feb. 05, 2014 American International Group asked a judge Tuesday not to enter final judgment on an $8.5 billion Bank of America settlement with investors that won approval last week. AIG's request is expected to be considered during a Feb.
Not for undead humans, that is, but zombie banks the walking dead among lenders, too financially troubled to loan money to an economy that desperately needs investment, growth and jobs. The European Central Bank, the lead crisis-fighter for the 18
John's background in the Financial Services industry spans over 40 years. With previous experience as a property financial consultant and a banker with both local and international retail banks, John adds a wealth of experience and local knowledge to
A New York state judge on Friday approved most of Bank of America Corp's $8.5 billion settlement with investors in mortgage securities, which would resolve much of the bank's liability from its acquisition of Countrywide Financial Corp during the
Federal prosecutors wants a judge to order Bank of America to pay $2.1 billion in penalties for knowingly selling bad home loans, more than double the amount the government had sought in the case. In documents filed Wednesday, the government said it
The U.S. Federal Reserve (U.S. Fed) on Wednesday, January 29, announced further minimized anti-crisis program, reported Agence France-Presse. In February, the Fed will cut the volume of purchases of government bonds to $ 10 billion - to the
The US Department of Justice and the Commodity Futures Trading Commission have both held investigations into whether Bank of America engaged in improper trading by doing its own futures trades ahead of executing large orders for clients, according to