Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling

Fannie Mae: Lenders ask these 4 questions about MSRs

All about transfer and execution

Fidelity National bails out Landcastle Title

Discovered “substantial account misappropriations”
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Items Tagged with 'Citigroup'

ARTICLES

Why is George Soros staking a huge claim in AIG and Ally?

Bets on AIG, moves out of Visa, MasterCard
Trey Garrison and Brena Swanson
Soros Fund Management is putting a giant stake in the firm that received an $85 billion bailout during the subprime mortgage crisis. A $98.4 million stake to be exact, which makes AIG the second largest investment for one of the world's biggest investors.
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CHART: Biggest bank settlements of all time

Guess which bank is on there twice?
Brena Swanson
The Bank of America settlement went on record as the biggest settlement to date. But where do the other bank settlements rank in comparison?
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$366 million in subprime-boom bonds coming to market

Big names scheduled to trade Tuesday
Ben Lane
Of note in the breakdown of the bond pool are some notorious names from the subprime lending boom, including: Ameriquest Mortgage, Countrywide Financial, Bear Stearns, Goldman Sachs, JPMorgan, and Citigroup.
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JPMorgan, Goldman Sachs next on earnings’ horizon

Mega banks lose to smaller lenders
Brena Swanson
Next on the earnings list, Goldman Sachs and JPMorgan Chase, but according to one analyst, the two will post more of the same.
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DOJ warns Citi settlement “will certainly not be the last”

AG Holder says cases coming soon against additional banks
Ben Lane
“We have not ruled out holding these organizations or individuals criminally responsible,” U.S. Attorney General Eric Holder said. “The agreement does not preclude the ability to bring criminal charges.”
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It's official: Citi reaches $7B RMBS settlement

Drastically dents 2Q profits
Brena Swanson
Citigroup officially announced a $7 billion settlement to settle residential mortgage-backed securities and collateralized debt obligations with the Department of Justice after industry whispers that the bank was nearing a resolution.
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Citi earnings plummet amid $7B RMBS settlement

Report $181 million 2Q14 net income
Brena Swanson
"Our businesses showed resilience in the face of an uneven economic environment. During the quarter, we continued to grow loans in our core businesses, reduce operating expenses by simplifying our products and processes and utilize our deferred tax assets,” Michael Corbat, CEO of Citi, said.
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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
Ben Lane
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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DOJ seeks more than $10B from Citigroup

Lender invested over mortgage-backed bonds
Brena Swanson
Citigroup could pay more than $10 billion to settle a probe into the lender’s sale of mortgage-backed bonds in the run up to the financial crisis. This is not the first time the Department of Justice has gone after a big bank.
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Which bank's CEO earned the most bank in 2013?

Here's the list of top earners in the banking industry
Ben Lane
Guess which CEO of which bank made the most for their efforts last year. This list of who's in the top-earners category may surprise you.
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