Checks to range from $300 to $125,000 as result of enforcement actions against 13 servicers, including the nation's largest banks.
Thirteen institutions expected to also undertake loss mitigation efforts focused on foreclosure prevention in OCC/Fed settlement.
Goldman Sachs and Morgan Stanley have agreed to pay $557 million in cash payments and other assistance to help mortgage borrowers.
At a recent investment education seminar at a large hospital in Boston, Matthew Morrow witnessed what he says is a shift in who were asking some of the more poignant questions.
Some of the country’s biggest firms were ranked behind credit unions by investors describing their overall customer experience.
When it comes their overall customer experience, some investors ranked credit unions higher than several of the country’s biggest firms.
Changes that began to surface in the wealth management realm in 2008 are expected to be realized this year.
Despite the U.S. housing finance market ongoing uncertainty, three credit union mortgage executives painted a largely positive outlook for 2012. Credit Union Times asked their thoughts on what the industry can expect as well as what the mortgage lending expectations in are in local markets.
What’s going on with hackers today is a lot like what the ranchers of the 19th and 20th centuries faced with cattle rustlers.
Transformations in the mobile banking arena will be a hot topic among credit unions in 2012. According to Morgan Stanley, within five years, the number of mobile Internet users will surpass the number of desktop Internet users.