Mortgage-backed Securities

Mortgage-Backed Securities Abuses Cause HSBC Pay $765 Million

HSBC Agrees To Pay $765 Million In Connection With Its Sale Of Residential Mortgage-Backed Securities The United States Attorney’s Office in Denver announced today that HSBC will pay $765 million to settle claims related to its packaging, securitization, issuance, marketing and sale of residential mortgage-backed securities (RMBS) between 2005 and 2007. Federally insured financial institutions […]

Regulators probing alleged mortgage insurance kickback scheme

The CFPB settles accusations against four private mortgage insurers that they improperly kicked back money to lenders. Jim Puzzanghera, Los Angeles Times Federal regulators are conducting an extensive investigation into an alleged mortgage insurance kickback scheme that pushed up costs for home buyers dating from the mid-1990s. The Consumer Financial Protection Bureau, in disclosing its first […]

JPMorgan Chase Expected To Ge Spanked By Uncle Sam

Brett Wolf and Carrick Mollenkamp and Emily Flitter, Reuters via Huffington Post A U.S. regulatory probe of JP Morgan Chase & Co is expected to result in an order that the bank correct lapses in how it polices suspect money flows, in an action expected as soon as Friday, people familiar with the situation said. […]

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