HW Vanguard Awards: Leadership has never been more important

HW Vanguard Awards: Leadership has never been more important

Recognizing executives leading the housing economy

loanDepot closes first $150M securitization of personal loans

Demand for new personal loans takes off

TRID is a real obstacle to mortgage process

Contrary to some reports

Items Tagged with 'Securities and Exchange Commission'


St. Joe Company, former execs settle with SEC over alleged real estate overvaluing

Company accused of "materially overstating" earnings during financial crisis
The St. Joe Company, one of Florida’s largest landowners and real estate developers, and several of the company's former executives settled charges brought by the Securities and Exchange Commission, which accused the company of overvaluing its real estate holdings during the financial crisis.
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SEC settles with former Fannie Mae execs over subprime fraud

The settlement amount is much smaller than you think
A 2011 lawsuit brought by the Securities and Exchange Commission against two former Fannie Mae executives is over. The execs were charged with misleading investors about the quality of subprime mortgages. However, it's the fine print that is leaving people wondering.
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SEC, U.S. Attorney charge three former Nomura RMBS traders with fraud

Allegedly repeatedly lied to customers, trained junior traders to do the same
The Securities and Exchange Commission and the U.S. Attorney’s Office for the District of Connecticut are charging three former Nomura Securities International residential mortgage-backed securities traders with fraud, accusing the trio of “repeatedly lying” to customers about the pricing information of mortgage bonds and defrauding customers of millions of dollars.
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SEC puts an end to Carrington Capital investigation

After 18 months, they got nothing
After an 18-month investigation, the Securities and Exchange Commission will not issue any penalties or pursue any enforcement action against Carrington Capital Management over its acquisition of New Century Financial.
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It’s over: SEC settles with Freddie Mac executives

Former Freddie Mac CEO, others faced charges over subprime mortgages
The Securities and Exchange Commission’s high-profile case against several former Freddie Mac executives over allegedly misleading investors about the quality of subprime mortgages is now over, and it ended rather quietly.
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Zillow-Trulia deal receives FTC approval, will close in days

Zillow reports record revenue in 2014
Zillow's once-controversial acquisition of its largest competitor is days away from completion, perhaps as soon as the markets reopen. The company announced late Friday that its proposed $2.3 billion merger with Trulia is expected to close within days, following notification that the Federal Trade Commission closed its investigation of the merger.
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Australian hedge fund bets $1 billon on Zillow-Trulia

“We believe Zillow will be a $50 billion enterprise value company”
One of Australia’s largest hedge funds is betting big on the future of online real estate in the U.S., to the tune of more than $1 billion. And if online real estate progresses as the hedge fund expects, its $1 billion could turn into $10 billion rather easily.
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BofA’s $16.65 billion toxic mortgage settlement gets green light

All legal and regulatory hurdles now clear
With all of the regulatory and legal complications now ironed out, the massive $16.65 billion settlement between Bank of America, the U.S. Department of Justice, certain federal agencies and six states to resolve claims over toxic residential mortgage-backed securities is now finalized.
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