It chose to put lots of defective mortgages into its deals. When HSBC saw problems, it chose to rush those deals out the door.â The London-based
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Between 2005 and 2007, the bank placed defective mortgages into residential mortgage-backed securities it created and sold, the Justice Department
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Movement Mortgage is laying off 35 employees in Richmond, along with cuts at its locations in Norfolk, Tempe, Arizona and at its headquarters in Fort
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Telford Homes on Wednesday laid out the extent of the challenges facing the UK property market as the date Britain leaves the EU looms, sending
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The 21-page complaint alleges that Tyner committed mortgage fraud. The complaint states that Tyner and his wife purchased a home in Egg Harbor
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Between 2005 and 2007, HSBC staff knowingly packaged low-grade loan pools with high rates of default into mortgage-backed securities â despite
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The mortgage securities weren't specific to Colorado, and HSBC hasn't acknowledged any wrongdoing. The Federal Housing Finance Agency asked
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British banking giant HSBC has agreed to pay $765 million to resolve allegations it passed on toxic mortgage securities to investors prior to the global
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The number of Winston-Salem-area homeowners late on their mortgage payments reversed course during July, climbing to 5.1 percent, according to a
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Mortgage rates recovered a small portion of their recent losses today, but the average loan applicant might not even notice. The 2 key ingredients of a
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A Dix Hills man who prosecutors said stole $568,000 from dozens of homeowners who sought his help with a mortgage modification pleaded guilty
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Matt Graham, chief of operations with Mortgagenewsdaily.com, discusses mortgage rates hitting 5% and the impact on housing. Watch CNBC Live TV
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HSBC Holdings Plc will pay $765 million to settle allegations that it sold defective residential mortgage-backed securities in the run-up to the financial
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Rialto was founded by Lennar in 2007 in order to strategically invest in distressed real estate debt. It was one of several firms involved in the Obama
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CHICAGO — A group of Chicago real estate brokers is taking on homelessness by taking off their business suits. It's no secret a time-tested truth in the
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CHILLICOTHE – The Ross County commissioners are looking to increase the real estate transfer tax. Currently, the state levies $1 per $1,000 of real
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After years of steady price increases, more single-family homes have been staying on the market lately in New Orleans for longer periods of time.
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In a sign that Oregon's business landscape continues to shift away from home-grown ideals, most of the top commercial real estate deals closed so far
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Adjusting to U.S. Treasury yields at seven-year highs, investors are taking record amounts of cash out of large-cap, municipal bond, and REIT
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Longtime Indianapolis real estate development attorney Barbara A. Wolenty is being remembered as a talented but tough dealmaker, spirited and
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