Updated: The announcement this weekend of a U.S. takeover of the nation’s two mortgage giants followed failed talks with potential Freddie Mac investors at the headquarters of Goldman Sachs and…
An FBI official foresaw in 2004 that mortgage fraud was a ticking time bomb. But the agency didn’t devote enough resources to protect the nation’s economy from what has proved…
In a move that could serve as a model for other troubled banks and homeowners struggling to make their mortgage payments, the FDIC announced a plan today to allow delinquent…
A settlement requiring a bankruptcy trustee in Pittsburgh to refrain from criticizing Countrywide Financial Corp. is being criticized by the U.S. Justice Department.
In the 1990s, a reference to Kaye Scholer became shorthand for the power of federal regulators to punish law firms for misleading tactics in their representation of a client, in…
Lawyers are preparing for an onslaught of collections lawsuits after a U.S. Supreme Court ruling allowing plaintiffs to sue to recover unpaid debt, even if they don’t have a financial…
A high-level lawyer at UBS AG is reportedly at the center of the New York attorney general’s civil investigation of the Swiss bank’s sale of auction-rate securities.
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