Disparaged by some as the bogeymen of the housing crash, mortgage brokers have taken a beating over the last few years.
The Federal Reserve’s campaign to encourage economic growth was bolstered on Thursday as Janet L. Yellen moved to the verge of confirmation as the next head of the Fed, and a change in Senate procedures made it easier for the White House to fill three other vacancies on the Fed’s board.
New cities are joining the effort to head off home foreclosures by using a twist on the power of eminent domain, despite threats of financial retaliation from Wall Street and Washington.
What is the duty of a trustee to protect investors? The answer to that question is at stake in an $8.5 billion settlement that is awaiting approval by a justice in New York State Supreme Court.
Did you make an incredibly bad decision during the great credit bubble?
The United States government has asked that Bank of America pay $863.6 million in damages after a federal jury found it liable for fraud over defective mortgages sold by its Countrywide Financial unit.
A unit of the British bank HSBC was hit on Thursday with a record $2.46 billion final judgment in a securities class-action lawsuit in Chicago against a lender formerly known as Household International.
Last week, for the first time since the financial crisis, the government faced off in court against a major bank over lending practices during the mortgage mania.
The fifth anniversary of Lehman Brothers’ bankruptcy has occasioned one legacy-spinning defense after another.
The vast system that provides home loans to millions of Americans has long been a strange place. A surprising development has made it even stranger.