The Federal Financial institutions Examination Council is taking a close look at social media and the risks it poses to financial institutions, including mortgage lenders.
Massachusetts will not join other states in the Justice Departments lawsuit against Standard & Poors, but instead will conduct its own fraud probe tied to CDO ratings.
Residential mortgages sourced through the correspondent channel and sold to Fannie Mae and Freddie Mac increased by 26 percent in 2012 compared to the year before.