...litigation on the way for the nation's biggest banks. [IMAGE] The suit levels charges against lenders like ""Bank of America"":https://www.bankofamerica.com/, ""JPMorgan Chase"":http://www.jpmorganchase.com/corporate/Home/home.htm, ""Wells Fargo"":https://www.wellsfargo.com/, and numerous others with ""engage[ing] in...
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Rumored Europe Relief Sends Up Shares for Lenders
...according to ""CNN"":http://money.cnn.com/2011/09/26/markets/markets_newyork/index.htm. The news service found investors rallying around Bank of America, ""Citigroup"":http://www.citigroup.com/citi/homepage/, JPMorgan, ""Goldman Sachs"":http://www2.goldmansachs.com/, and ""Wells Fargo"":https://www.wellsfargo.com/. At end of day, the Dow boasted a 272.38-point surge,...
Read More »Economic Worries Trample on New-Home Sales Over August
...construction, with a ""RealtyTrac report"":http://www.realtytrac.com/content/press-releases/august-2011-us-foreclosure-market-report-6836 recently revealing a 7-percent month-over-month uptick over August as foreclosures rose to 228,098 from July. Tellingly, a ""National Association of Home Builders/Wells Fargo index"":http://www.nahb.org/news_details.aspx?newsID=13446 released...
Read More »Analysts: Mortgage Rates Stay Low, Likely to Fall Further
...for households, a 5-percent ""decline"":https://themreport.com/articles/after-irene-housing-starts-fall-5-from-july-2011-09-20 in annual rates for new housing starts, and shaky homebuilder confidence, as more recently reported by the National Association of Home Builders/Wells Fargo Housing Market...
Read More »Dodd-Frank Cheered, Jeered, as Moody’s Downgrades Big Banks
...""Bank of America"":https://www.bankofamerica.com/, ""Citigroup"":http://www.citigroup.com/citi/homepage/, and ""Wells Fargo"":https://www.wellsfargo.com/ Wednesday afternoon, citing concerns that the federal government may not rush to pick up their remains and bail out the institutions in another...
Read More »Feds Seen as Able to Weather Crisis if Greece Defaults
...a 3.53-percent slash in stocks. Wells Fargo, Citigroup, and JPMorgan followed with declines to the tune of 3.05 percent, 5.17 percent, and 3.29 percent, resulting in shares that hovered at...
Read More »Turmoil Continues in the CMBS Market
...banks were already gearing up to unload nearly $5 billion in CMBS bonds as the credit markets declined. Sales initiatives from Goldman Sachs Group Inc, Citigroup Inc., BAC, Wells Fargo...
Read More »Banks Lose Big Over Bad MBS, Numerous Suits
..._Bloomberg_ ranked several other lenders after, with ""JPMorgan Chase"":http://www.jpmorganchase.com/corporate/Home/home.htm suffering a $16.3-billion hit and ""Wells Fargo"":https://www.wellsfargo.com/ oozing $5.09 billion as a result of securitized loans that went bust during the...
Read More »Latest Suit Adds to MBS Woes for JPMorgan Chase
In another twist for the nation's largest mortgage lenders, ""Wells Fargo"":https://www.wellsfargo.com/ upped the ante against ""JPMorgan Chase & Co."":http://www.jpmorganchase.com/corporate/Home/home.htm by filing a suit in a Delaware court to order the...
Read More »Mega Banks Team Up to Give Homes to Vets
...& Co."":http://www.jpmorganchase.com/corporate/Home/home.htm, ""Wells Fargo"":https://www.wellsfargo.com/, and ""Bank of America Corp."":https://www.bankofamerica.com/ are making donations to provide seven mortgage-free homes to American soldiers hurt in the line of duty in Iraq and Afghanistan....
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