U.S. Circuit Court of Appeals Prohibits Judicial Review Against FHFA in Fannie Mae, Freddie Mac
U.S. Circuit Court of Appeals has concluded to bar judicial review against the Federal Housing Finance Agency of two mortgage lenders after 2008 crisis.
Tags: Mortgage
Goldman Sachs is about to reach a $5.1 billion settlement with the US government over charges that, along with other banks in 2006-2008, it had falsely advertised residential mortgaged backed securities (RMBS) as safe investments to millions of investors and other financial cilents.
Bank of America Corp (BAC.N), the No. 2 U.S. bank by assets, reported its biggest quarterly profit in nearly four years on Wednesday as mortgage banking revenue soared and expenses fell to their lowest since the financial crisis.
Wells Fargo Bank breached a nationwide 2010 legal settlement involving adjustable-payment mortgages, a federal judge ruled, finding that the bank did not properly evaluate homeowners who applied for help to avoid foreclosures.
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