The Securities and Exchange Commission is in talks with major Wall Street banks to settle fraud allegations relating to the sale of toxic mortgage bonds to various investors that helped unleash the financial crisis, the Wall Street Journal reported, citing sources familiar with the matter. Get the full story »
Inside these posts: Mortgage problems
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U.S. mortgage brokers fail in bid to stop Fed rule
U.S. mortgage broker groups failed in an 11th-hour push to block a Federal Reserve overhaul that will limit a type of compensation that became controversial during the housing boom. Get the full story »
BofA loses $1.2B in 4Q on mortgage writedowns
Bank of America Corp., the largest U.S. bank by assets, reported a second straight quarterly loss, driven by a $2 billion writedown of its mortgage business. Get the full story »
