Bank of America: 'We provide all required MSR documents'

Bank of America: 'We provide all required MSR documents'

Responds to Ginnie Mae MSR transfer block

17% of homes with a mortgage seriously underwater

Share of underwaters continues slow decline

Here are 5 bold mortgage predictions from KBW

Q1 mortgage volume predicted to be $20 billion lower

Items Tagged with 'Settlement'


Evidence reveals Credit Suisse mortgage lapses

Emails show new story during crisis
March 10, 2014
Credit Suisse has long claimed that it kept an untarnished name throughout the financial crisis, but that clean title might change very soon due to new evidence.
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JPMorgan extends deadline for mortgage-bond trustees

March 7, 2014
JPMorgan extended its deadline and agreed to give mortgage-bond trustees evaluating a proposed $4.5 billion settlement over bad loans an extra three months to consider signing onto the deal.
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Bondholders hope Countrywide settlement will pay up

Could award $8.5 billion in recoveries to affected bonds
March 3, 2014

Bondholders and investors are taking a closer look at the recently approved Countrywide Settlement that could potentially distribute $8.5 billion in recoveries to affected bonds.

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First Horizon settles reps and warrants claim with Freddie Mac

Recently settled with Fannie Mae
February 28, 2014
First Horizon National Corp. entered a definitive resolution agreement with Freddie Mac over the loan repurchase process, settling all representation and warranty claims related to loans sold from 2000 to 2008.
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Sen. Warren refuses to quit on banking oversight

Wants behind-the-scenes details on mortgage settlements
January 8, 2014
A bipartistan bill introduced by Sen. Elizabeth Warren, D-Mass., aims to bring hidden financial information tied to big banking settlements into the light. Sen.Tom Coburn, R-Okla., is Warren's co-sponsor on the bill.
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Have mortgage settlements helped homeowners?

November 26, 2013
After the latest mortgage settlement arrived a week ago, this one involving JPMorgan Chase & Co. (JPM) and the Federal government to the tune of $13 billion, NPR asks: what have the earlier mortgage settlements done to help homeowners?
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JPMorgan continues to work on federal MBS settlement

November 14, 2013
A top executive at JPMorgan Chase said the mega bank is still working to reach an agreement with the government to resolve lingering mortgage issues.
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Wells Fargo settles claims with FHFA

Bank paid $335M to FHFA for MBS misrepresentations
November 6, 2013
Wells Fargo paid $335 million to the Federal Housing Finance Agency to settle allegedly-misleading disclosures on mortgage-backed securities sold to Fannie Mae and Freddie Mac.
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JPMorgan Chase and DOJ settlement talks reheat

November 5, 2013
The Department of Justice and JPMorgan Chase may finally reach an agreement to settle the bank’s sale of mortgage bonds during the housing crisis, after several disagreements threatened to ruin a pact between the two entites last month.
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JPMorgan's government settlement is on thin ice

October 29, 2013
JPMorgan Chase is at risk of having its multibillion-dollar settlement with the government fall apart over a disagreement about the bank’s effort to be reimbursed by a government-controlled fund.
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