3 quick takeaways from the mortgage conference happening right now

3 quick takeaways from the mortgage conference happening right now

Tidbits from SourceMedia Mortgage Servicing conference

Stewart Information Services 1Q earnings suffer from mortgage reductions

Posts net loss of $12.1 million

New home sales plummet 14.5% in March

Spring buying season off with a whimper

Items Tagged with 'legal'


$4.5 billion JPMorgan settlement hits roadblock

Trustees progress slowly
January 24, 2014
The JPMorgan Chase settlement over mortgage-backed securities hit a snag this week with trustees not moving as quickly as the bank would like.
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Blackrock steps into Detroit bankruptcy fight

Lodges court filing in favor of bondholders
January 6, 2014
One of housing’s biggest financiers BlackRock plans to jump into the fight over the financial future of Detroit, lodging a court filing that could allow it to put its legal muscle behind an effort to help bondholders.
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Citigroup next in the legal line of fire

September 30, 2013
Citigroup is replacing JPMorgan Chase as the next potential target of legal and regulatory scrutiny among the big banks.
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U.S. goes "fishing" over RMBS practices

September 30, 2013
The Justice Department and other federal and state agencies are looking into bubble-era bank practices surrounding issuance of RMBS, going on what Clayton Holdings attorneys characterized as a "fishing expedition" in response to a government subpoena.
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CFPB sued by bankruptcy attorney, legal support services firm

Suit alleges agency is overstepping its boundaries
July 22, 2013
A bankruptcy attorney and a firm offering legal support services filed suit against the Consumer Financial Protection Bureau, alleging the agency overstepped its grounds...
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