Walter Investment fined $29.6 million for False Claims Act violations

Walter Investment fined $29.6 million for False Claims Act violations

Subsidiaries allegedly submitted false reverse mortgage claims to HUD

The Wrap: Appraisal volume ticks down after two weeks up

New tips, tools and tricks of the trade

Dear Parents, don’t expect your homebuying Millennials to pay you back

loanDepot graph shows they can barely save for retirement
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Items Tagged with 'Securities and Exchange Commission'

ARTICLES

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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SEC grants Bank of America relief in $16 billion settlement

Ends political logjam
The record-setting 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 can finally proceed after the bank was granted relief by the Securities and Exchange Commission.
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Here's how much Fidelity paid to bail out LandCastle Title

How much damage done by Nat Hardwick’s alleged theft?
Since HousingWire first reported that Fidelity bailed out LandCastle Title, the story has taken the kinds of twists and turns that one might expect to see in a Hollywood blockbuster, not in the annals of title company finance. But what wasn’t known until now is just how much it cost Fidelity to acquire that 70% ownership stake in LandCastle Title.
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BofA keeps pushing for SEC relief in $16 billion settlement

Claims bank is being treated unfairly
The record-setting settlement between Bank of America, the U.S. Department of Justice, federal agencies and six states to resolve claims over toxic residential mortgage-backed securities is still on hold as the bank continues its fight for relief from the Securities and Exchange Commission.
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