CNBC video: Home shortage could be due to real estate agents

Mr. Frank goes back to Washington

Former Congressman to testify before Congress on Dodd-Frank impact

Happy 4th birthday Dodd-Frank! Everyone hates you

How effective has Dodd-Frank really been?

Items Tagged with 'Securities and Exchange Commission'


SEC investigates Carrington deal with New Century Financial

June 18, 2014
In a flash back to the past, a previous deal between Carrington Holding Company and failed subprime lender New Century Financial is under investigation by the Securities and Exchange Commission.
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Court of Appeals: Judge should not have blocked Citigroup, SEC settlement

Overturns Judge Jed Rakoff's decision to block $285 million RMBS settlement
June 4, 2014
In the ruling, the three-judge panel wrote, “We now hold that the district court abused its discretion by applying an incorrect legal standard in assessing the consent decree and setting a date for trial.”
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SEC charges jailed broker with fraud in real estate scam

April 24, 2014

Vitale allegedly told his investors that their funds were “100% protected” when they were not, and he claimed to be a financial expert with a business degree from Notre Dame. In fact, he never attended college after graduating from Notre Dame High School in West Haven, Conn.

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SEC tells two Wall Street bond traders this isn't Monopoly

Accused of Free Parking
February 4, 2014
Two Wall Street traders are charged with involvement in a “parking” scheme that arranged for one to purchase several securities with the understanding that the other would repurchase them at a profit in order to skirt around company rules.
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SEC charges Western Asset Management for mortgage-related trades

Firm slammed with $21M settlement
January 29, 2014
The California firm’s actions led to an investigation that finally resulted in the Securities and Exchange Commission leveraging charges against Western Asset this week.
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Your student loan is tanking the mortgage market

Rising education debt spells doom for housing
January 21, 2014
Taking out a loan to finance an education is the new American dream. With more citizens needing higher education to get a job, and the price tag on that education going up, the market is now desperately out of whack. The outcome? Mortgages in the U.S. are taking a backseat to student loans.
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JP Morgan earnings summary: only the lawyers win

Bank still dishing out the dollars
January 14, 2014
Looking at JPMorgan’s fourth-quarter and year-end financial statement, it’s clear JPM – among other banks – is still dishing out the dollars to get these issues behind them. But who is the true beneficiary of the settlements and litigation? Homeowners? Future borrowers? Nope. Guess again.
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Investors in PennyMac gain larger stake

Two hedge funds report beneficial ownership to the SEC
January 14, 2014
A group of investors acquired enough of a stake in PennyMac Financial Services to prompt a series of new filings with the Securities and Exchange Commission.
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NY District Court Judge expands class of plaintiffs in RBS MBS securities case

Case involves the RALI and Harborview trusts
December 30, 2013
As banks exposed to mortgage-backed securities litigation try to fight these claims with their sights set on ending long-term exposure, one judge in New York recently gave plaintiffs fighting the Royal Bank of Scotland and other parties over alleged mortgage misrepresentations a green light to expand their class of MBS plaintiffs.
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Merrill Lynch settles mortgage investment issues with SEC for $131M

December 13, 2013
The Securities and Exchange Commission charged Merrill Lynch – now under the umbrella of Bank of America – for providing faulty disclosures in relation to collateral backing two collateralized debt obligations.
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