Financial Services, Insurance & Reisurance – the SEC seeks $1.1 million from ex-Goldman VP, FHA announces plans to lower mortgage and more.
Government Watch Dogs Disagree On Analysis Associated With Dodd-Frank Rulemaking by Stephen M. Quinlivan Published on jdsupra.com
The Dodd-Frank Act requires or authorizes various federal agencies to issue hundreds of rules to implement reforms intended to strengthen the financial services industry. As amended by Public Law No. 112-10, the act also mandates that the Government Accountability Office, or GAO, annually study financial services regulations. [ Read More ]
SEC seeks $1.1 million-plus from ex-Goldman VP Tourre by Bernard Vaughan Published on Finance.Yahoo.com
The U.S. Securities and Exchange Commission asked a federal judge to order former Goldman Sachs Group Inc vice president Fabrice Tourre to pay more than $1.1 million for his role in a failed 2007 mortgage deal, according to a court document filed Monday in Manhattan federal court. [ Read More ]
FHA Announces Plans to Lower Mortgage Insurance Policy Caps by Shalia Sakona, Robert Siegel Published on jdsupra.com
ast Friday, the Federal Housing Administration announced that it will reduce the maximum threshold for the high-price mortgages it is willing to insure. This change was called for by the Housing and Economic Recovery Act of 2008, but was delayed several times in response to continuing economic turmoil. [ Read More ]
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