Content Tagged 'mortgage'

Citigroup to pay $7B in subprime mortgages probe
Citigroup will pay $7 billion to settle an investigation into risky subprime mortgages, the type that helped fuel the financial crisis.
Lew announces expanded housing support programs
Treasury Secretary Jacob Lew said Thursday that the Obama administration is extending, for another year, a program aimed at helping people who are struggling to avoid foreclosure on their homes.
Bank of America lays off over 500 in mortgage division
Bank of America is laying off more than 500 workers in a North Carolina division that handles troubled mortgages. The cuts, announced Wednesday, reportedly amount to nearly two-thirds of the local workforce in the Legacy Asset Servicing division.
Formation of Group to Investigate Financial Fraud
Attorney General Eric Holder announced the formation of a group to investigate financial fraud related to mortgaged backed securities. Video Video
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