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GE to pay $1.5 billion civil fine to settle subprime mortgages case – The Justice Department said WMC overstated the quality of a majority of loans it packaged into residential mortgage-backed securities and. unintended braking issues in U.S. District Court in.
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Specialized Mortgage Product Growth Summit To Deliver New Revenue Opportunities To Originators – "We are excited to see these three powerhouse specialized lenders come together. REMN Wholesale and Angel Oak Mortgage Solutions will take part in The National Real Estate Post’s Diversify & Thrive.
Wells Fargo is cutting 600-plus mortgage jobs as that business slows – Wells Fargo & Co. is cutting 638 mortgage employees, including 190 in California, as the nation’s largest home lender contends with a slowdown in the business. “After carefully evaluating market.
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Wealthcare Advisory Partners LLC Cuts Holdings in MGIC. – California State Teachers Retirement System now owns 566,385 shares of the insurance provider’s stock valued at $5,924,000 after purchasing an additional 12,773. provides private mortgage insurance.