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  • SEC, FBI reportedly investigating Live Well Financial collapse

    Trouble continues to brew for Live Well Financial, the forward and reverse mortgage lender that unexpectedly went bust last month, as court documents reveal that authorities are looking into the lender. According to documents filed by Live Well’s creditors, the SEC, the U.S. Attorney's Office in the Southern District of New York, and the FBI’s Bank Fraud Division have all been poking around for information on Live Well’s dealings. Click the headline for the full story.

Items Tagged with 'GE Capital'

ARTICLES

  • NRT names new executive vice president of operations

    Tim Foley comes to NRT from J.P. Morgan Asset Management
    NRT, the largest residential real estate brokerage by sales volume, recently appointed Tim Foley to the position of executive vice president of operations. NRT President and CEO M. Ryan Gorman said under Foley’s leadership, NRT will be well-positioned to achieve operational excellence across all business segments.
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  • Roostify snags deputy marketing exec from CoreLogic

    Courtney Chakarun joins the company as its chief marketing officer
    Roostify announced Monday that Courtney Chakarun has joined the company as its chief marketing officer. Roostify CEO Rajesh Bhat said Chakarun's extensive leadership experience and marketing prowess will be great assets to Roostify.
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  • GE books $1.5 billion for potential settlement with DOJ over WMC subprime loans

    GE sold WMC in 2007, but problems still remain
    General Electric may be facing a fine of at least $1.5 billion for the lending activities of its shuttered subprime lending unit, WMC Mortgage. GE revealed last week that it booked a reserve of $1.5 billion that may be used as a settlement with the Department of Justice over the company’s subprime lending from 2005 through 2007.
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  • GE Capital mere days from 'exiting' U.S. banking system

    Sells online deposit platform to Goldman Sachs
    GE Capital, once a big player in housing finance, is now just a handful of days away from exiting the U.S. banking system after the company completed the sale of its online deposit platform to Goldman Sachs. According to GE Capital, that sale positions the company to terminate its FDIC insurance and "extinguish" its final U.S. bank charter.
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  • Fortress Investment Names Former Fannie Chief as CEO

    Asset-based investment management company Fortress Investment Group [stock FIG][/stock], which manages private equity and hedge funds, appointed the former head of mortgage giant Fannie Mae [stock FNM][/stock], Daniel Mudd, as CEO. Mudd also served as CEO of GE Capital in Japan and held positions in financial services and management consulting at the World Bank, Ayers Whitmore and Co. and Xerox Corp.
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