Does the mortgage industry still need Appraisal Management Companies?

Does the mortgage industry still need Appraisal Management Companies?

Not with Fannie Mae's Collateral Underwriter

CFPB wants more mortgages in "underserved" areas

And here's how they will get it done

Fitch warns Ocwen-related RMBS deals face major downgrade

Placed on “Rating Watch Negative”
W S
Lending / The Ticker

JPMorgan Chase $280M MBS case gets preliminary court approval

JPMorgan

JPMorgan Chase (JPM) won preliminary court approval from a U.S. judge for its agreement to pay $280 million to resolve claims tied to $36.8 billion in mortgage securities issued in 2006 and 2007. Per Reuters:  

U.S. District Judge Pamela Chen, in Brooklyn, New York, issued the preliminary approval on Friday. The settlement, which is subject to final court approval, would resolve a class action lawsuit filed in 2008.

The accord marks the third-largest settlement in a U.S. class action against banks that packaged and sold mortgage securities at the center of the 2008 financial crisis.

Recent Articles by Brena Swanson

Comments powered by Disqus