Items Tagged with 'Settlement'
%{topic} RSS FeedRSS

ARTICLES

  • gloomy grey white house

    Senate Judiciary Committee chair wants answers on where all the mortgage settlement money went

    Sen. Grassley asks DOJ to consider clawing back funds
    June 16, 2017
    Ben Lane
    Earlier this month, the Trump administration’s Department of Justice put a stop to an Obama administration tactic of dictating that some companies send settlement funds to unaffiliated third parties, a practice that Republicans criticized as a “slush fund” operation. Now, a top Republican wants answers on which organizations got the settlement funds, what the organizations did with the money, and it wants the DOJ to potentially claw some of that money back.
    Read More
  • building

    DOJ ordered to stop mortgage settlement money flowing into "left-wing activist organizations"

    Republicans accused Obama administration of using money as "slush fund"
    June 7, 2017
    Ben Lane
    Over the last few years, some of the largest settlements between financial institutions and the Obama administration’s Department of Justice contained stipulations that some of the settlement money be sent to unaffiliated third parties, a practice that Republicans criticized as a “slush fund” operation. But now that Republicans are in charge of the DOJ, that practice is ending, immediately.
    Read More
  • US Capitol

    Warren, Lankford lead bipartisan effort to shine light on government settlements

    Senate bill would increase transparency into negotiations, settlement terms
    May 17, 2017
    Ben Lane
    For the third time in the last four years, Sen. Elizabeth Warren, D-Mass., is leading a bipartisan push to shed some light on how the government reaches the occasionally massive settlements with businesses for various forms of misconduct. Here are the details on the "Truth in Settlements Act."
    Read More
  • cash

    JPMorgan Chase to pay nearly $800 million in final Lehman Brothers settlement

    Pushes total settlement costs well above $2 billion
    February 1, 2017
    Ben Lane
    JPMorgan Chase disclosed Wednesday that it reached a final settlement agreement with Lehman Brothers, ending the failed investment bank’s lawsuit over claims that JPMorgan illegally siphoned billions of dollars from Lehman before its collapse. JPMorgan Chase’s final settlement payout checks in at well above $2 billion.
    Read More
  • Model house on money

    Credit Suisse reaches $5.28 billion mortgage bond settlement

    Required to provide $2.8 billion in consumer relief
    January 18, 2017
    Ben Lane
    For the second time in as many days, the Department of Justice announced that it reached a multi-billion dollar settlement with a foreign-based bank over its mortgage securitization practices leading up to the housing crisis. On Tuesday, the DOJ announced that it reached a $7.2 billion settlement with Deutsche Bank. Now, it’s Credit Suisse’s turn.
    Read More
  • Bank of America

    Bank of America nearing halfway mark in $7 billion consumer relief effort

    Payment part of $16.65 billion settlement over toxic mortgages
    November 6, 2015
    Ben Lane
    Bank of America is approaching the halfway point in delivering on its $7 billion promise of consumer relief required as part of its $16.65 billion settlement with the U.S. Department of Justice and others to resolve claims over toxic residential mortgage-backed securities, collateralized debt obligations and an origination release on residential mortgage loans sold to Fannie Mae and Freddie Mac.
    Read More

This month in
HousingWire magazine

Cover Story
June 2018

HousingWire's class of 2018 Rising Stars

The 2018 Rising Stars represent the best young leaders in the mortgage industry. Many of our 46 winners are leading companies as C-level executives, making strategic decisions for their organizations or developing new and inventive ways to get things done. Others are contributing through product development, data management or finding new ways to engage with consumers. Across the board, their efforts and accomplishments are influencing the present and future course of our industry.

Feature

How title companies can exploit blockchain

Alexandria Decatur
Alexandria Decatur and Debbie Hoffman
 Technology
The multiple characteristics of blockchain make it an incredibly attractive mechanism across industries. It provides an unchangeable, time-stamped ledger that allows for real-time and simultaneous input. It is the perfect set-up for industries where transactions are routinely moved from entity to entity or business to business and where records need to be verified and audited. Naturally, therefore, in the world of title and real estate, blockchain provides an incredibly innovative platform.

Commentary

Building a culture of excellence

Casey Cunningham
Casey Cunningham
 Lending
It has been proven time and time again that companies that make an investment in workplace culture attract the industry’s best talent and achieve greater success. For leaders who want to see their business grow to the next level, the solution is to focus on building a great culture — a culture of excellence.