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Items Tagged with 'Royal Bank of Scotland'

ARTICLES

Nomura and RBS: Don’t blame us, blame the housing crash

Fight against billion-dollar government lawsuit ends where it began
Trey Garrison
With $1 billion at stake, two banks facing a government lawsuits over toxic mortgage bonds are pointing – perhaps giving – the finger all over the place.
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Nomura and RBS await judge ruling on FHFA mortgage lawsuit

FHFA sues over faulty mortgages
Brena Swanson
All sides have given their closing arguments in the FHFA’s trial against Nomura Holdings and the Royal Bank of Scotland. Now it's up to the judge to decide if mortgages sold to Fannie Mae and Freddie Mac were misrepresented when packaged into securities.
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Royal Bank of Scotland pulls petty mortgage stunt

Here's why we shouldn't be surprised
Jacob Gaffney
In fact, the disdain banks and their branch workers have toward their customers is even the subject of one bank's marketing campaign — that's testament to just how widely accepted it is that customer service is terrible. Well, RBS reportedly did something to top it all.
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FHFA, RBS reach nearly $99.5 million MBS settlement

Latest in a string of FHFA lawsuits
Brena Swanson
This time its RBS caught behind the Federal Housing Finance Agency's sting of settlements, with the two announcing a $99.5 million settlement.
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RBS to slash U.S. mortgage business

Ben Lane
The original report, from the Financial Times and followed up by Reuters, said that the British bank will eliminate hundreds of jobs over the next two years “as part of the an effort to reduce its assets ahead of new rules set out by the U.S. Federal Reserve.”
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3 reasons cash-out refinances won’t be coming back

Total cashed-out dollars drops from $320 billion to $32 billion
Ben Lane
According to data from RBS, the total cashed out dollars has tumbled from a peak of $320 billion in 2006 to $32 billion in 2013.
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Mortgage-bond traders forced to take leave

Big banks tell traders to skip work
Brena Swanson
Mortgage-bond traders at JPMorgan Chase, Morgan Stanley and Royal Bank of Scotland were placed on leave and told not to come to work. Could it be related to a high profile court case involving fraudulent mortgage bond trading?
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5 perspectives on getting private capital back into mortgage markets

Industry leaders talk what it will take to effect sea change
Trey Garrison
CoreLogic partnered this week with the Urban Institute to host an interactive Capitol Hill panel focused on bringing private capital back to the mortgage market. The focus of the discussion was on pricing, governance and servicing.
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What to watch out for in the 2014 MBS market

Road ahead for investors remains uncertain amid QRM regulatory indecision
Trey Garrison
Analysts and industry watchers say that the Dodd-Frank Wall Street Reform and Consumer Protection Act-mandated QM won’t have a major impact on the mortgage-backed securities market, though it may slightly slow lending activity on jumbo and interest-only loans.
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NY District Court Judge expands class of plaintiffs in RBS MBS securities case

Case involves the RALI and Harborview trusts
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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