Ex-NFL star sentenced to five years in prison for mortgage fraud

Ex-NFL star sentenced to five years in prison for mortgage fraud

Irving Fryar and his mother convicted of conspiring to steal $1.2M

Experian hacked: 15 million people’s credit data stolen in breach

Credit reporting agency becomes latest victim of data breach

Here's what today's job creation implosion means for housing and mortgage finance

Jobs crater, labor participation rate near 40-year low and zero wage growth

Items Tagged with 'Deutsche Bank'


Deutsche Bank, MassMutual settle RMBS lawsuit

Federal judge okays motion to dismiss, terms not disclosed
A Deutsche Bank unit and Massachusetts Mutual Life Insurance Co. reached a settlement over residential mortgage-backed securities, with a federal judge signing off on the undisclosed terms Thursday.
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Why "fast" mortgage servicers crush the TBA bond market

Deutsche Bank analysts: Prepayments costing hundreds of millions per year
A new segment of lenders and servicers that specialize in quicker prepayments is costing the TBA market “several hundred million of dollars a year,” analysts from Deutsche Bank Markets Research said in a new report. Prepayments are a new kind of problem now.
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Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus
Wilbur Ross, the high-risk turnaround exec famous for charging into metaphoric burning buildings of European financial institutions, is leaving Ocwen Financial and several other companies where he serves as a director.
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Prominent banker, hedge fund entrepreneur found dead

Deutsche Bank figure has connections to previous DB suicide
Back in January HousingWire reported on a string of prominent banker suicides that started with three in just six days in January, and then grew to more than a dozen by March – many occurring under mysterious circumstances. One of the new ones has connections to the initial rash.
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BlackRock, Pimco sue Wells Fargo, Citi, others over mortgage bonds

Allege that trustees should have forced banks to buy back toxic loans
BlackRock and Pimco are leading a group of investors who have filed suit against six of the largest mortgage bond trustees, alleging that the trustees failed to properly administer the mortgage trusts by not forcing mortgage lenders to repurchase toxic loans.
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London authorities open investigation into banker deaths

Coroners to re-examine two cases in light of rash of reports
Authorities plan to open investigations into two recent apparent suicides of financial executives in London, following a rash of reports of suicides among banking and finance executives in the United States, Hong Kong and the United Kingdom.
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