The SEC said the deal has taken nearly $70 million in losses – the greatest loss rate of any comparable securitization from Bank of America. An additional $50 million in losses are expected.
The Securities and Exchange Commission prevailed Thursday in its case against Fabrice Tourre, a former vice president at Goldman Sachs. The regulator also plans to increase enforcement against Wall Street...
State and federal regulators appear to be close to getting more servicers to agree to a settlement similar to the $25 billion deal agreed to by five big banks.
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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