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Posted on Jan 31, 2015 in Stated Income Loans

Record Bank of America Settlement Latest in Government Crusade
The Justice Department also found that Merrill Lynch ignored warnings from an outside vendor who noted the high number of "EV3" loans in certain subprime mortgage securities. The EV3 label was given to particularly questionable mortgages, order prescription such as those …
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Lawmakers are getting way more gifts
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High-Level Fed Committee Overruled Carmen Segarra's Finding on Goldman
And in his appearance, Dudley did not detail specifically what evidence the Operating Committee considered in overruling Segarra, on what basis the decision was made, or whether it considered any of Segarra's documentation or examination findings. "I …
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