Banks that agreed to help troubled borrowers as part of a settlement with regulators over foreclosure misdeeds are spending most of the promised aid on sales that displace homeowners and forgiveness that erases home equity loans from their books.
Bank of America Corp. and Wells Fargo & Co. violated terms of a nationwide settlement reached last year over banks’ residential mortgage foreclosure practices, New York Attorney General Eric Schneiderman said.
Energy and technology companies are among non-financial firms granted a three-year reprieve from parts of European Union rules on over-the-counter derivatives, under a compromise deal backed by lawmakers yesterday.
Edward DeMarco's refusal to allow principal forgiveness at Fannie Mae and Freddie Mac has led to renewed calls for his head. A little-known fact is that replacing DeMarco as acting director of the Federal Housing Finance Agency might not make a bit of difference, even if legal hurdles to his ouster could be surmounted.