Friday, March 16, 2012

S.E.C. Appears Poised to Win Appeal in Citigroup Settlement

 A federal appeals court dealt a stinging rebuke on Thursday to Judge Jed S. Rakoff of the Federal District Court in New York, who last year rejected a Securities and Exchange Commission fraud settlement with Citigroup because the deal had allowed the company to avoid admitting any wrongdoing.

New York Times article: http://nyti.ms/zlUsXD

Wednesday, March 14, 2012

NYTimes: S.E.C. Charges Three Former Mortgage Executives With Fraud

From The New York Times:

DEALBOOK: S.E.C. Charges Three Former Mortgage Executives With Fraud

The agency says former executives at Thornburg Mortgage, once the nation's second-largest mortgage company after Countrywide Financial, hid the company's deteriorating financial condition at the onset of the financial crisis in 2008.

http://nyti.ms/wXII62

Tuesday, March 13, 2012

NYTimes: Bank Officials Cited in Churn of Foreclosures

From The New York Times:

Bank Officials Cited in Churn of Foreclosures

An extensive federal examination of banks' foreclosure practices found that managers ignored widespread errors ahead of the 2008 housing market collapse.

http://nyti.ms/zUXF8m

Sunday, March 11, 2012

NYTimes: Paying on Time

From The New York Times:

MORTGAGES: Paying on Time

With so many homeowners still feeling pinched financially, it is crucial to understand and adhere to mortgage payment deadlines.

http://nyti.ms/yUXlSA

Got $100,000? Have a Cookie: Banks Try Luring the Top 10%

Wine and cheese in the vault. After-hours appointments to suit busy schedules. And loads of marble and mahogany with not a teller in sight.

New York Times article: http://nyti.ms/w4ObHG