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Citigroup, Goldman, UBS in $235 million mortgage settlement

By Jonathan Stempel NEW YORK (Reuters) – Citigroup Inc , Goldman Sachs Group Inc and UBS AG agreed to pay $235 million in cash to settle U.S. litigation accusing them of concealing the risks of mortgage securities sold by the former Residential Capital LLC before the global financial crisis. The preliminary settlement with investors who bought the securities was made public on Friday in filings …

How Mortgage Fraud Made the Financial Crisis Worse

© John Gress/Reuters A foreclosed home in Chicago in June. Mortgage fraud is less visible than other kinds of crime but is very costly. The financial crisis was caused in part by widespread fraud, which may seem like an obvious point. But it remains surprisingly controversial.

6 Worst Mortgage Mistakes You Can Make

Is your house your castle or an albatross around your neck? Your answer might depend a lot on your mortgage. Getting an affordable property at a great rate can make you feel as if life couldn’t be any sweeter.

Mortgage Rates Move Higher on Strong Jobs Report

Freddie Mac today released the results of its Primary Mortgage Market Survey® , showing average fixed mortgage rates moving higher amid a strong employment report. Regardless, fixed-rate mortgages rates …