Bank pays fine for mortgage fraud in the lead-up to the financial crisis
More analysis needs to be conducted on operational risk losses, says academic, who presented his own research on fraud to conference delegates
More Mortgage fraud articles
Deloitte has been sued by TBW's bankrupty trustee and a TBW subsidiary for $7.6 billion in losses, after failing to detect fraud in the mortgage lender
The executive director of the financial fraud enforcement task force has quit his post after just 17 months
No incentive to improve
Two banned from working in financial services after submitting false and misleading information to secure mortgages
The UK Treasury and the Financial Services Authority (FSA) have penned a joint response to a questionnaire from the European Commission, saying there are no plans to extend the Consumer Credit Directive...
The Securities and Exchange Commission (SEC) has charged three former executives at subprime lender New Century with securities fraud – including the mortgage firm’s founder Brad Morrice. The US regulator...
Losses & Lawsuits
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.