Finance & Mortgage

Consolidation Badged the 'Elephant in the Room'

Consolidation of mortgage aggregators is expected to continue apace in 2012, forcing the industry to assess the future viability of aggregation models.

Mortgage Deal Would Give States Enforcement Clout

A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.

Eric Holder Launches Probe into Mortgage-Backed Securities Fraud

U.S. Attorney General Eric Holder Friday announced the formation of a task force focused on probing residential mortgage-backed securities following President Barack Obama's call for a unit to probe the finance industry's conduct leading up to the financial crisis.
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