Countrywide, New York State Forge HMDA Settlement, Preemption Concerns Arise
December 7, 2006
This week, Countrywide Home Loans agreed to a settlement with New York State regarding racial disparities found in 2004 Home Mortgage Disclosure Act data. While Countrywide received a relatively light penalty, analysts suggest that the settlement, the first based...
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
News Tailored to Your Needs
Get Focused Coverage
Inside Mortgage Finance's newsletters break the mortgage market down so you get the news and data you need most, whether it's total industry coverage or just the news related to securitization, regulation, profits or other specific topics.