WATCH: Former Wells Fargo CEO calls BofA fine “extortion”

WATCH: Former Wells Fargo CEO calls BofA fine “extortion”

Kovacevich says fine is political and has “nothing to do with justice”

BofA reaches $16.65B settlement over "toxic waste" mortgages

Loans date back to Countrywide and Merrill Lynch

KBRA: More smoke than fire in Ocwen’s restated earnings

Cautions that MSR transactions could see more regulatory scrutiny
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Lighting the way

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FHA Commissioner David Stevens and Chief Risk Officer Bob Ryan have a tough job: Move mortgage finance forward, even during the industry's darkest days. Together the two are charting a new path toward the future for the federal agency, which provides mortgage insurance on loans made by FHA-approved lenders.

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