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Items Tagged with 'Court'

ARTICLES

JPMorgan Chase $280M MBS case gets preliminary court approval

May 5, 2014
JPMorgan Chase 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
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Blackrock steps into Detroit bankruptcy fight

Lodges court filing in favor of bondholders
January 6, 2014
One of housing’s biggest financiers BlackRock plans to jump into the fight over the financial future of Detroit, lodging a court filing that could allow it to put its legal muscle behind an effort to help bondholders.
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Commentator: JPMorgan should have settled

October 14, 2013
JPMorgan has accrued $9.15 billion in pre-tax legal expenses for the most recent quarter. As a result, one commentator says the mega bank should have settled to save itself from additional headaches.
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Citigroup next in the legal line of fire

September 30, 2013
Citigroup is replacing JPMorgan Chase as the next potential target of legal and regulatory scrutiny among the big banks.
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BofA versus the government trial kicks off

September 26, 2013
A trial in which the government is accusing Countrywide, now part of Bank of America, of selling toxic loans to Fannie Mae and Freddie Mac kicked off this week.
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Settling MBS disputes could cost JPMorgan upwards of $7 billion

September 25, 2013
JPMorgan Chase could pay anywhere from $3 billion to $7 billion to settle lingering issues with investors over mortgage-backed securities sold in the lead-up to the financial crisis.
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Ruling adjusts homeowner rights after foreclosure

September 23, 2013
A recent ruling in Arizona allows residents who lose title to their homes in foreclosure actions to legally stay in the home while they appeal the decision.
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JPMorgan fined $920 million over 'London Whale' trades

September 19, 2013
JPMorgan has been fined a total of $920 million to resolve the infamous 'London Whale' trades.
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US continues case against Allied Home Capital Mortgage

Mortgage firm accused of mortgage fraud
September 12, 2013
Despite Allied Home Mortgage Capital Corp.’s attempt to block it, a judge allowed a case accusing the firm of defrauding the U.S. government into insuring thousand of mortgage loans to move forward.
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Wells Fargo mortgage kickback case remains shut

Judge refuses to grant new trial
August 29, 2013
A case against Wells Fargo will remain shut after a Maryland judge refused to grant a new trial to plaintiffs who accused the bank of being linked to a mortgage-referral kickback scheme.
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