Topic: Mortgage Banking and Services
Shares of bailed out companies surge
AP News
Bailed out companies see shares rise on hopes that government rescues could be winding downShares of four companies that have received huge infusions of taxpayer cash soared Tuesday after a report that the government would sell its stake in Citigroup Inc. raised hopes that other bailed-out companies would follow. Shares ...
AIG Subsidiaries Resolve Allegations of Lending Discrimination
consumeraffairs.com
Lenders accountable for higher broker fees charged to minority borrowersTwo subsidiaries of American International Group (AIG) Inc. have agreed to pay a minimum of $6.1 million to resolve charges that they engaged in a pattern or practice of discrimination against black borrowers. Brought under the federal Fair Housing and ...
Treasury restates support for Fannie, Freddie
AP News
Gov't restates support for Fannie Freddie after lawmaker's comments rattle investorsThe Treasury Department was forced Friday to reiterate its financial support for Fannie Mae and Freddie Mac after a key lawmaker rattled investors by pointing out that their debt does not enjoy the explicit guarantee of the federal ...
AIG units settle mortgage discrimination case
Reuters US Online Report Business News
WASHINGTON (Reuters) - Two AIG units settled federal charges that they discriminated against black home buyers on fees for mortgages and will pay $7.1 million for restitution and education efforts, the U.S. Justice Department said on Thursday. The units, AIG Federal Savings Bank and Wilmington Finance Inc, will provide ...
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