Top 5 cities where safety is not a question

Top 5 cities where safety is not a question

Number one shouldn't be a shocker

Where's Watt?

FHFA scorecard should be marked tardy

Rentership society? Insider trading on Russian sanctions?

What We're Reading: The Good Friday edition

Items Tagged with 'Securities and Exchange Commission'


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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Proposed rule lures small investors into big real estate deals

November 12, 2013
The end goal of the proposed rule is to create an outlet for unaccredited investors to pool their money, investing in real estate projects such as apartment buildings or retail centers, according to Jilliene Helman, founder and CEO of Realty Mogul, a crowdfunding platform for real estate investors.
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Two congressmen battle portions of Dodd-Frank publicly

September 13, 2013
House Financial Services Committee Chairman Rep. Jeb Hensarling, R-Texas, and Rep. Scott Garrett, R-NJ, sent a letter to the Securities and Exchange Commission questioning new regulatory powers given to the agency under Dodd-Frank to oversee private equity funds.
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Standard Financial Corp. delists from the Nasdaq

September 6, 2013
Financial services firm Standard Financial Corp. is voluntarily delisting its common stock from the Nasdaq after deciding the cost of staying on the exchange currently outweighs the benefits.
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