SACRAMENTO, Calif. — Ocwen Financial Corp. is paying a $2.5 million penalty and submitting to a review by an independent auditor to avoid losing its license to make and service mortgages in California. The settlement announced late Friday by California’s ...Read More »
WASHINGTON — Top financial regulators said Wednesday they believe changes should be made to the way big financial firms are chosen for stricter oversight. Members of the Financial Stability Oversight Council voiced support for changes recommended in a staff report ...Read More »
WASHINGTON — Average long-term U.S. mortgage rates fell for the fourth straight week, with the benchmark 30-year rate again marking its lowest level since May 2013. The average for a 15-year mortgage, a popular choice for people who are refinancing, ...Read More »
WASHINGTON — Macau, the Chinese territory known for casino gambling, outperformed the rest of the world’s major cities economically last year, according to a report out Thursday. Cities in the developing world, especially China, dominated the top of the annual ...Read More »
NEW YORK — Standard & Poor’s agreed on Wednesday to pay the U.S. government and two states more than $77 million to settle charges tied to its ratings of mortgage-backed securities. In its first enforcement action against a major rating ...Read More »
WASHINGTON — The Supreme Court appeared sharply divided Wednesday in a debate over a decades-old strategy for fighting discrimination in housing. Chief Justice John Roberts expressed serious doubts during a one-hour argument that the 1968 Fair Housing Act can be ...Read More »
WASHINGTON — President Barack Obama is turning to his biggest television audience of the year to pitch tax increases on the wealthiest Americans and put the new Republican Congress in the position of defending top income earners over the middle ...
Tagged with: President Barack Obama state of the union addressRead More »