Earlier this year, the DOJ filed its largest-ever lawsuit under FIRREA against the world’s largest credit rating agency, Standard & Poor’s ("S&P"), seeking more than $5 billion in civil money penalties based on allegations that S&P engaged in a scheme to defraud investors who purchased residential mortgage backed securities and collateralized.
Law360, Miami (October 13, 2016, 11:21 PM EDT) — As Miami’s City Commission voted Thursday to pay $1 million to settle litigation over $38 million in improper transfers aimed at improving the city’s.
California homes sales drop FHA mortgage insurance premiums won’t be going down in 2015 HUD suspends FHA mortgage insurance premium cut – reddit – The mortgage insurance premium is in place on FHA loans because of the very small amount that’s put down up front, generally about 3.5%. Loans with smaller down payments have a higher percentage of default. If you don’t want to pay the FHA mortgage insurance premium go with a conventional loan and put down 20% or more.DataQuick finds increase in sales of high-end homes in 2010 The median home price. beginning of 2010, a tracking firm reported thursday. san diego-based mda dataquick said the 20 percent increase in the median price from February 2009 was due to a dip in.Home sales: New home sales fell 7% last month – usatoday.com – 4 days ago · New home sales drop in April but outlook is bright. Sales of new single -family houses fell 6.9% in April as prices rose. Analysts believes sales will pick up later this year.
This comes after a settlement with US federal and state regulators over “fraudulent misconduct” and is the first time that the Securities and Exchange Commission (SEC) has ever fined one of the big three credit-raters, since it won authority from Congress in 2006 to look after the sector, Reuters reported. The SEC says that S&P will have to pay $58 million to settle three matters with the.
Learn everything about spdr bloomberg barclays short term High Yield Bond ETF (SJNK). Free ratings, analyses, holdings, benchmarks, quotes, and news.
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New York suburb, officials charged in landmark bond fraud case – Both were released on a $500,000 bond. Authorities. Authorities said the fraud began in 2010, the same year voters overwhelmingly rejected a $16.5 million plan to build the ballpark, and lasted.
Prospect Capital Corp (PSEC) Q2 2019 Earnings Conference. – Our weighted average EBITDA per portfolio company stood at $58.5 million in December, up from $56.5 million in the prior quarter.. grade BBB negative rating from S&P and we recently received.
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FHA mortgage insurance premiums won’t be going down in 2015 An FHA loan is a mortgage that’s insured by the Federal Housing Administration (FHA). They are popular especially among first time home buyers because they allow down payments of 3.5% for credit scores of 580+. However, borrowers must pay mortgage insurance premiums, which protects the lender if a borrower defaults.
Sears mulls closing another 50-80 stores – CNBC By Stephen Alpher Seeking Alpha December 21, 2018 When the company filed for bankruptcy two months ago, it had just under 700 stores and said it was planning on shuttering 142 of them.
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Lawmakers propose PATH Act to create housing sustainability LinkedIn SVP Deep Nishar joins Auction.com as advisor Former CEO of Microsoft, Steven A. Ballmer, 58, resigned from the Microsoft Board. He led the company as CEO from 2000 to February 2014. He joined Microsoft in 1980 and was the company’s first business manager. Before becoming CEO in 2000, his roles at Microsoft included SVP of sales and support, SVP of systems software and VP of marketing.These are the 24 candidates running for president in 2020 – Instead of pushing for single-payer health care like many other democrats in the race, Bennet proposed a bill that would allow consumers to buy into insurance exchanges. He has also proposed a bill.