Foreclosures | Mortgages | Financing
On Friday evening, the Office of the Comptroller of the Currency slapped a series of sanctions on Wells Fargo that were previously excluded from its settlement with the megabank over the fake account scandal that recently shrouded the bank in controversy. Chief among those sanctions is that the bank is now required to ask the OCC for approval if it wants to make a change to its board of directors or its senior executive officers. …read more
From:: Real Estate Wire
Cybersecurity company Optiv Inc. said it seeks to raise up to $100 million in an initial public offering, according to a filing with the Securities and Exchange Commission filing late Friday. Optiv reported 2015 revenue of $947.3 million and a net loss of $14.4 million. Morgan Stanley, Goldman Sachs, Barclays and Citigroup are listed among the underwriters. The Denver-based company plans to trade on the New York Stock Exchange under the ticker symbol “OPTV”.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
The Consumer Financial Protection Bureau is not ready to give up in its fight against PHH. The case started when the bureau added $103 million to a $6 million fine against PHH for allegedly illegally referring consumers to mortgage insurers in exchange for kickbacks. PHH sued, and the CFPB’s leadership structure was eventually declared unconstitutional by the United States Court of Appeals for the District of Columbia Circuit. On Friday, the CFPB asked the full court to rehear the case. Click the headline for the full story. …read more
From:: Real Estate Wire
The Consumer Financial Protection Bureau is not ready to give up in its fight against PHH. The case started when the bureau added $103 million to a $6 million fine against PHH for allegedly illegally referring consumers to mortgage insurers in exchange for kickbacks. PHH sued, and the CFPB’s leadership structure was eventually declared unconstitutional by the United States Court of Appeals for the District of Columbia Circuit. On Friday, the CFPB asked the full court to rehear the case. Click the headline for the full story. …read more
From:: Real Estate Wire
PeoplesBank appointed Charles Field as its new senior vice president and chief financial officer. Field will also serve as the holding company’s treasurer. The company’s CEO talks about why Field will greatly contribute to PeoplesBank. …read more
From:: Real Estate Wire
President-elect Donald Trump is set to take office in just over two months, and when he does, he’ll no longer have the specter of the Trump University lawsuits hanging over him. New York Attorney General Eric Schneiderman announced Friday that his office reached a $25 million settlement with Trump over the failed real estate school. …read more
From:: Real Estate Wire
President-elect Donald Trump is in advanced talks to settle litigation surrounding the now-defunct Trump University by paying between $20 million and $25 million, The Wall Street Journal reported, citing people familiar with the discussion. Trump is facing cases in both California and New York. A settlement would remove a distraction before Trump takes office.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
After President-elect Donald Trump won the election on November 8th, experts speculated over whether Federal Reserve Chair Janet Yellen would resign from her position immediately, as Securities and Exchange Commission Chair Mary Jo White did earlier this week. On Thursday, Yellen ended the rumors once and for all, saying she plans to serve until her term ends in 2018. …read more
From:: Real Estate Wire
By jgaffney@housingwire.com In the coming decades, the rate of homeownership among Hispanics and Asians will roughly double, and the housing industry is not ready, a panel of experts said Friday. However, mortgage bankers and real estate agents are not equipped to appropriately deal with these communities, according to panelist at the Housing America’s Family Forum underway today in Dallas. …read more
From:: Real Estate Wire
The influx of Chinese buyers in the U.S. housing market means the market could also be subject to the culture’s superstitions. While many Chinese buyers would pay a premium for lucky numbered homes, they also expect a discount for unlucky numbered homes. …read more
From:: Real Estate Wire