Fraud, risk, and regulation: Key takeaways from the FHFA OIG report
Inspector general's report calls for stronger FHFA oversight
Source: mpamag.com
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UBS agrees to pay $1.435 billion to settle civil action involving sale of residential mortgage-backed securities
UBS AG and several of its U.S.-based affiliates (together, UBS) have agreed to pay $1.435 billion in penalties to settle a civil action filed in November 2018 alleging misconduct related to UBS’ underwriting and issuance of residential mortgage-backed securities (RMBS) issued in 2006 and 2007. This settlement resolves the last case brought by a Justice Department working group dedicated to investigating conduct of banks and other entities for their roles in creating and issuing RMBS leading up to the 2008 financial crisis.
Source: highlandcountypress.com
FHFA watchdog has a plan for the next 4 years
The watchdog tasked with oversight of the Federal Housing Finance Agency laid out its strategic priorities for the next four years.
Source: housingwire.com
Quinsigamond Community College in Worcester MA commencement ceremony
Community college students are the most resilient in our higher education system and watching them and their families celebrate such a monumental accomplishment in their lives is nothing short of awe-inspiring.
Source: telegram.com
Senate confirms FHFA inspector general who pledged not to be "paper tiger"
Brian Tomney, who most recently led corporate investigations at Capital One, was confirmed as the new inspector general of the FHFA.
Source: housingwire.com