NEW YORK, Aug 4- New York's top financial regulator said on Monday that Ocwen Financial Corp,, a company that collects home loan payments, may be funneling as much as $65 million in questionable fees to an affiliate, in a potential conflict of interest.
July 30- Mortgage servicers in the United States are evolving into the next big lenders, sidestepping regulatory scrutiny to win business in a gap left by the retreat of big banks from the home-loan market.
WASHINGTON, May 7- The U.S. financial risk council on Wednesday raised red flags about new, potentially risky practices by asset managers and nonbank mortgage servicers, which they said are not regulated as carefully as banks. The sectors were highlighted by the Financial Stability Oversight Council in a report published on Wednesday.
The hedge funder also says the government may be responsible for possible damages for faulty ignition switches because it was running GM.
Some of Wednesday's midday movers:
New York's financial regulator said the explosive growth of non-bank mortgage servicers is a "troubling trend" that must be confronted.
The bulls are piling into Fortress Investment as two big events loom on its calendar.
Fortress Investment pulled back yesterday, and the bulls piled in.
The "Fast Money" traders share their final trades of the day and what they're looking out for Wednesday.
IPOs have been hot in 2013. With 7 new IPOs all higher for the year, what's not to like, right?
New rules could make mortgage servicing more expensive, especially for those specialty servicers and level the playing field between them and the big bank servicers.
A study shows that as many as half of Americans are looking for alternatives to banks for their mortgages.
It’s not all about Greece and Europe – global slowdown worries are also clouding the situation for stocks.” – Remember that from yesterday morning? It’s clearly holding true again today.
Futures shaved most of their earlier losses Wednesday as investors waited for the outcome of a two-day meeting of the Fed on interest rate policy.
U.S. stocks have tumbled 15 percent from a 52-week high three months ago as investors moved out of riskier assets on signs the economy is slowing. Still, a diverse group of S&P 500 stocks have climbed as much as 84 percent this year, according to a report from TheStreet.
Stocks rebounded Thursday after a six-day selloff to close higher for the first time in June, after investors cheered the international trade report and following the Greek Cabinet's decision to support a new round of austerity measure for its debt-ridden nation.
Stocks rallied to session highs in the final hour of trading Thursday as investors snapped up beaten-down stocks following the international trade report and after the Greek Cabinet supported a new round of austerity measures for the debt-ridden nation.
The prices and analyst estimates presented here are as of the market close on June 8, 2011. So, which stocks are analysts expecting to have the biggest pops? Click ahead to find out!
Stocks closed higher amid rising prices for oil and gold, as the market hit new highs. Cisco and AmEx led Dow gainers, while Caterpillar fell.
Stocks added to modest gains in the last hour of trading amid rising prices for oil and gold, lifted by banks and technology. Cisco and AmEx led Dow gainers, while Caterpillar fell.