Items Tagged with 'Settlement'

ARTICLES

Bank of America nearing halfway mark in $7 billion consumer relief effort

Payment part of $16.65 billion settlement over toxic mortgages
Bank of America is approaching the halfway point in delivering on its $7 billion promise of consumer relief required as part of its $16.65 billion settlement with the U.S. Department of Justice and others to resolve claims over toxic residential mortgage-backed securities, collateralized debt obligations and an origination release on residential mortgage loans sold to Fannie Mae and Freddie Mac.
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Associated Bank settles with HUD over discriminatory lending

Bank will fund $200 million in mortgage loans for minority neighborhoods
Wisconsin-based Associated Bank will provide approximately $200 million in mortgage loans for borrowers in minority neighborhoods as part of a settlement with the U.S. Department of Housing and Urban Development over charges of discriminatory lending.
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JPMorgan to face $10B MBS case

Bank hit with class action lawsuit
JPMorgan Chase must face a class action lawsuit by investors who claimed the bank misled them about the safety of $10 billion of mortgage-backed securities it sold before the financial crisis.
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