Top 5 cities where safety is not a question

Top 5 cities where safety is not a question

Number one shouldn't be a shocker

Where's Watt?

FHFA scorecard should be marked tardy

Rentership society? Insider trading on Russian sanctions?

What We're Reading: The Good Friday edition
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Items Tagged with 'Department of Justice'

ARTICLES

Do you have what it takes to investigate mortgage fraud for Fannie Mae?

Fannie Mae posts new job with interesting timing
March 18, 2014
After the U.S. Department of Justice was busted for over inflating just how much focus it was putting on mortgage fraud, Fannie Mae also stepped up with a solution of its own.
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Three ranking Democrats want answers on damning mortgage fraud audit

Lawmakers think DOJ has been lax in prosecutions
March 17, 2014
Three Democrats are asking to meet with Attorney General Eric Holder to discuss the Department of Justice and its allegedly lax and uneven prosecution of mortgage fraud cases, according to a letter from the three, dated March 17.
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CFPB, DOJ file discriminatory lending complaint against National City Bank

Bank will have to pay $35M to settle the issue
December 23, 2013
The CFPB and Department of Justice slapped National City Bank — a firm bought by PNC — with a lending discrimination complaint, claiming minority borrowers unfairly paid more for mortgages originated between the years 2002 and 2008.
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JPM drops opposition to WaMU legal liabilities

Opens door to seal legal settlement
November 18, 2013
JPMorgan Chase has dropped its opposition to shouldering all of the legal liability tied to Washington Mutual, opening the door for a $13 billion legal settlement with the Department of Justice to be finalized.
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Ex-mortgage broker convicted in $2.4M mortgage scheme

Florida real estate agent sentenced to 11 years in prison
November 15, 2013
Jose Alvarado was found guilty on Sept. 9 of eight counts of wire fraud and six counts of bank fraud. He was sentenced to serve 135 months in prison for his role in a $2.4 million scheme.
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JP Morgan deal with Justice Department could test FDIC

Federal deposit insurance money may be needed to settle claims
November 6, 2013
The ongoing negotiations between the Justice Department and JPMorgan Chase around legal liabilities related to the mega bank’s acquisition of Washington Mutual could be detrimental to future failed bank settlements.
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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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Bank of America warns legal costs could climb

October 31, 2013
The Department of Justice may file another suit tied to mortgage bonds against Bank of America. The firm raised its estimate of potential losses by 82% to $5.1 billion.
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DOJ finds unique law to pin on Bank of America

October 28, 2013
The U.S. Department of Justice is using a unique law to pin legacy mortgage issues on Bank of America.
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FDIC wants in on JPMorgan settlement, bogs down talks

October 25, 2013
A last-minute addition to the JPMorgan Chase-Department of Justice mortgage settlement talks is delaying the process. Apparently, the FDIC wants to throw its name in the hat, joining the negotiations at the last minute.
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