Finance & Mortgage

Regulators Warn Companies on Misleading Mortgage Advertising

Regulators have begun investigating 19 companies whose advertisements for mortgage products may mislead consumers, the Federal Trade Commission and the Consumer Financial Protection Bureau said on Monday.

New York Warns Wells Fargo About Sandy Mortgage Delays

New York Attorney General Eric Schneiderman on Friday warned Wells Fargo & Co that the U.S. bank's policy to delay mortgage modification decisions in states affected by Hurricane Sandy likely violates a national mortgage settlement.

JP Morgan, Credit Suisse Settle SEC Cases for $417 Million

JPMorgan Chase & Co and Credit Suisse Group will pay a combined $416.9 million to settle U.S. civil charges that they fraudulently misled investors in residential mortgage-backed securities offerings.