The devil is in the mortgage finance reform details

The devil is in the mortgage finance reform details

On the bumpy road to a common securitization platform

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros
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Items Tagged with 'Lawsuit'

ARTICLES

JPMorgan earns victory over Los Angeles in discrimination suit

City alleged that lender “engaged in mortgage discrimination”
Ben Lane
In a decision made public on Wednesday, U.S. District Judge Otis Wright said the city could not hold JPMorgan responsible for questionable lending by the former Washington Mutual Inc, under a federal law governing the wind-down of failed banks.
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Madoff sons accused of role in Ponzi scheme

Lawsuit alleges two sons diverted tens of millions of dollars
Brena Swanson
Bernie Madoff's sons are being accused of diverting tens of millions of dollars from their father’s firm during the time he was perpetrating Ponzi scheme.
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Chase’s fraudulent foreclosure: Court finds for plaintiffs

Bank committed fraud in order to show ownership
Ben Lane

A California appeals court upheld a ruling that said a Chase executive created a document that fraudulently represented that a prior assignment had been lost and that Chase owned the plaintiff's mortgage.


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Barclays faces fraud lawsuit from NY AG

Brena Swanson
New York Attorney General Eric Schneiderman will file a securities lawsuit against Barclays for misrepresenting the safety of its U.S.-based alternative trading system, or dark pool, to investors.
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BlackRock, Pimco sue Wells Fargo, Citi, others over mortgage bonds

Allege that trustees should have forced banks to buy back toxic loans
Ben Lane
BlackRock and Pimco are leading a group of investors who have filed suit against six of the largest mortgage bond trustees, alleging that the trustees failed to properly administer the mortgage trusts by not forcing mortgage lenders to repurchase toxic loans.
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Court rules Merrill Lynch must face $1 billion mortgage lawsuit

Trusts trying to force company to buy back bad loans
Ben Lane
The two trusts said Merrill was obligated to buy back the loans because ResMAE could no longer fulfill its contractual obligations because the company had been liquidated in bankruptcy.
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More bad news for JPMorgan Chase

City of Miami sues bank over predatory lending practices
Ben Lane
Miami becomes the third city in recent weeks to sue a bank for discriminatory lending practices. JPMorgan Chase is now facing lawsuits from both Los Angeles and Miami.
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Bank of America could pay $12 billion to settle mortgage claims

Could surpass JPMorgan
Brena Swanson
Bank of America is in talks with the Justice Department to settle the bank’s alleged handling of shoddy mortgages in the runup to the financial crisis.
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LA sues JPMorgan for discriminatory lending

Brena Swanson
The city of Los Angles is trying to recover damages due to discriminatory lending and filed a lawsuit against JPMorgan Chase for pushing minority borrowers into mortgages they could not afford.
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Wells Fargo to pay $62.5M to settle securities lending suit

Brena Swanson
After improperly advertising a risky securities lending program as safe, Wells Fargo agreed to pay $62.5 million to settle claims.
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