US mortgage

Credit Suisse bid to dismiss US mortgage suit denied

Swiss banking giant Credit Suisse can be prosecuted for its role in the US housing finance meltdown, according to a court decision, which dismissed the company`s bid to halt a suit.

Dec 27, 2014, 18:16 PM IST

Morgan Stanley to pay $95 million in US mortgage-debt settlement

The settlement follows years of litigation by investors over allegedly false and misleading statements over the soured securities.

Sep 09, 2014, 11:02 AM IST

Goldman in deal worth $1.2 bn over US bond claims

New York-based Goldman Sachs sold the securities to the companies between 2005 and 2007.

Aug 23, 2014, 11:13 AM IST

Deutsche Bank to pay $1.9 bn to settle US mortgage case

Deutsche Bank said on Friday it will pay USD 1.9 billion to settle claims that it defrauded two US government-controlled companies in the sale of mortgage-backed securities before the 2008 financial crisis.

Dec 21, 2013, 01:52 AM IST

UBS settles US mortgage lawsuit, posts soaring net profits

Swiss banking giant UBS said today it had settled a lawsuit linked to US subprime housing mortgages which sparked the 2008 global financial crisis.

Jul 22, 2013, 18:35 PM IST

US fixed mortgage rates hit one-year high

The US mortgage giant said Thursday the 30-year fixed-rate mortgage (FRM) rose to 3.81 percent.

May 31, 2013, 12:47 PM IST

US fixed mortgage rates edge down

US fixed mortgage rates edged down this week and continued to support the housing recovery, according to the Primary Mortgage Market Survey released by Freddie Mac.

Mar 22, 2013, 13:32 PM IST

MphasiS to acquire Digital Risk for $175 mn

The Florida-based Digital Risk is one of the largest independent providers of solutions related to risk, compliance and transaction management to the US mortgage market.

Dec 03, 2012, 10:59 AM IST

US reaches mortgage settlement with top banks

The biggest US banks will provide about USD 25 billion in relief to distressed homeowners, as state and federal officials hold lenders responsible for taking illegal shortcuts during foreclosures and for other deceptive practices.

Feb 09, 2012, 22:36 PM IST

US regulator sues major banks over subprime bonds

A US regulator sued 17 large banks and financial institutions on Friday over losses on about USD 200 billion of subprime bonds, which may hamper a broader government settlement of the mortgage mess left over from the housing crisis.

Sep 03, 2011, 08:53 AM IST

White House could unveil mortgage plan next week

The Obama administration is considering unveiling new plans next week to revive the ailing housing market and reduce foreclosures, including an effort to help troubled borrowers refinance their mortgages.

Aug 31, 2011, 21:05 PM IST

US probing S&P rating of mortgages: Report

The Justice Department of the United States is investigating whether credit ratings agency Standard & Poor's improperly rated dozens of mortgage securities in the years leading up to the global financial crisis of 2008, a media report says.

Aug 18, 2011, 13:07 PM IST