Items Tagged with 'mortgage litigation'


  • From HW Magazine

    $13B JPMorgan settlement over legacy mortgage issues does little

    20 years after the homeownership society took effect, the government’s battle with lenders continues
    When J.P. Morgan Chase & Co. announced its $13 billion settlement with the Department of Justice and various regulatory agencies over legacy mortgage issues in October, the megadeal captured headlines, with many wondering if it marked a definitive end to the mortgage industry's larger litigation merry-go-round. So, months after the dust has settled, we ask: is this really the end?
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  • ResCap mortgage settlement green-lighted

    Another mortgage settlement took a step closer to completion this week, with bankrupt Residential Capital LLC receiving final approval from a New York bankruptcy judge to proceed with a proposed settlement involving mortgage borrowers associated with the company. The settlement would reduce an original $1.9 billion claim to $300 million, according to a report published this week.
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  • S&P: Banks face $104bn liability on mortgage cases

    That talk about the JPMorgan Chase & Co (JPM) settlement being the end of the road? Think again. Credit rating agency Standard & Poor's said today that they expect U.S. Banks will have to pay between $56.5 billion and up to $104 billion to put their legacy mortgage issues behind them.
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  • Mortgage conf. tackles lending, servicing fears

    Sessions currently underway in Dallas
    The lending and servicing industries continue to face streams of new regulations, rules and suggested compliance procedures every month. But with many of these rules considered moving targets, assessing a firm’s regulatory and litigation risk remains a challenge.
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