Hints and tips:
...‘Bootstrapping since the day I started’ Black entrepreneurs tend to bank on themselves — even when they have worked in financial services....
...jonathan.ford@ft.com Letter in response to this article: A pension plan that is also clever finance / From Tracy Blackwell, CEO, Pension Insurance Corporation, London EC3, UK...
...A year later, Mr Erbey was forced to step down as chairman as part of a settlement with Benjamin Lawsky, then superintendent of New York’s Department of Financial Services, who had accused Ocwen and its...
...Houses had historically been rented out by small-time landlords, rather than large corporations....
...The FT analysis of fines against banks, rating agencies and other institutions covers conduct ranging from the faulty underwriting of mortgages, improper foreclosure practices and discriminatory lending...
...’s foreclosure practices....
...There is also little fear that house price falls will lead to knock-on effects for the financial system prompted by US-style foreclosures....
...After losing her home to foreclosure during the housing crisis, she moved to Oakland, across the bay....
...Benjamin Lawsky, superintendent of New York’s Department of Financial Services, had accused Ocwen and its many affiliate companies of a string of shortcomings including backdating foreclosure notices to...
...affiliated entities: Altisource Portfolio Solutions, Altisource Residential Corporation, Altisource Asset Management Corporation, and Home Loan Servicing Solutions....
...His first big test came in 2005 when Walmart applied for a bank licence from the Federal Deposit Insurance Corporation....
...Aurora is one of the 14 mortgage servicing companies currently under a so-called “consent order” from regulators for their foreclosure practices....
...IBM has raised debt at a record low cost as rock-bottom US interest rates continue to benefit large US corporations. The computer services company known as a savvy borrower, the FT says....
...“Everyone is going through struggles – losing pensions, foreclosures, student debt.” After the rally, the service workers marched to join the demonstration in Zuccotti Park....
...Commercial property service provider CB Richard Ellis Group surged 9.5 per cent to $16.74....
...People who attended the meeting, chaired by the Federal Deposit Insurance Corporation on Monday, said the industry-wide “cash for keys” programme would involve the biggest servicers, led by Bank of America...
...The Federal Deposit Insurance Corporation is participating in both sets of talks, but is also a big proponent of using the settlement to provide relief to struggling homeowners by writing down the principal...
...The Department of Justice, the Treasury, Federal Reserve, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and 50 state attorneys-general are just some of the officials weighing...
...It services the rest, which means it collects payments from borrowers and initiates foreclosure proceedings. About 60 per cent of the 4.2m borrowers were up to date with their payments....
...It also noted the Federal Deposit Insurance Corporation “has indicated” it expects Ally to diversify away from funding itself with customer deposits and cut the interest rates paid to customers....
...Other federal agencies are conducting their own investigations, including the Justice Department, the Federal Deposit Insurance Corporation and the Consumer Financial Protection Bureau....
...The Federal Deposit Insurance Corporation on Tuesday said the GSEs would be exempt while they are under government conservatorship....
...Bank regulators, led by the Federal Deposit Insurance Corporation, have become increasingly sceptical about the hybrid securities, warning that they failed to provide a significant boost to institutions’...
...These people added, however, that Goldman had determined that the Litton business was not core to its traditional operations of providing investment banking and trading services to corporations and sophisticated...
International Edition