loanDepot officially files for IPO

loanDepot officially files for IPO

Number of shares, price range to be determined

Did Sen. Corker violate SEC rules, Senate ethics by telling investors to short GSEs?

Made questionable remarks on CNBC regarding stocks

House passes bipartisan TRID grace period bill 303-121

Next comes Senate, then looming threat of veto from White House

Items Tagged with 'Royal Bank of Scotland'


RBS to pay $129.6 million to NCUA to settle RMBS losses

NCUA’s total recoveries in securities cases now exceed $1.9 billion
The Royal Bank of Scotland will pay $129.6 million to the National Credit Union Administration to resolve claims arising from losses related to purchases of residential mortgage-backed securities by Members United and Southwest corporate credit unions. Click here to learn more about the settlement.
Read More

Nomura found liable for selling toxic mortgages to Fannie, Freddie

Judge: Magnitude of falsity “enormous”
A federal judge ruled Monday that Nomura Holdings misled Fannie Mae and Freddie Mac when it made false representations about the quality of mortgages that were used to back $2 billion in securities it sold to the GSEs. The judge said the “magnitude of falsity, conservatively measured, is enormous."
Read More

Royal Bank of Scotland pulls petty mortgage stunt

Here's why we shouldn't be surprised
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.
Read More

RBS to slash U.S. mortgage business

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.”
Read More

Mortgage-bond traders forced to take leave

Big banks tell traders to skip work
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?
Read More