This chart proves mortgage credit availability isn’t improving

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California takes over one list

Wealthier Americans mean a bigger bond market

More liquidity means more debt
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Items Tagged with 'Lawsuit'

ARTICLES

BofA CFO says DOJ settlement is "important milestone"

Most legacy issues behind bank
Brena Swanson
Bank of America has put most of its legacy issues from the financial crisis behind it, according to the bank’s Chief Financial Officer Bruce Thompson.
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Morgan Stanley to pay $95M over MBS lawsuit

Accused of misleading investors during crisis
Brena Swanson
Morgan Stanley will pay $95 million to resolve reports of the bank misleading investors in mortgage-backed securities in the run-up to the financial crisis.
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Big banks face CDS lawsuit

Bank of America, JPMorgan, Citigroup included on list
Brena Swanson
Investors may pursue a lawsuit accusing 12 major banks of violating antitrust law by fixing prices and restraining competition in the roughly $21 trillion market for credit default.
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Countrywide’s Mozilo speaks: “We didn’t do anything wrong”

Former CEO fights back against coming lawsuit
Brena Swanson
Six years after the financial crisis and the government is still seeking justice for the financial crisis, targeting Countrywide Financial co-founder Angelo Mozilo. But to Mozilo, he did nothing wrong.
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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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