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Tag Archives: Settlement

How Blockchain Can Change the Title Industry

A white paper gives insights into why blockchain could have significant applicability for title and settlement providers and the challenges that must be overcome to make this technology truly disruptive for this industry.

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Bank of America Settles Two Financial Crisis Lawsuits

Deutsche Bank‘s and BNP Paribas‘s mortgage units were investors in notes issued by Taylor Bean’s Ocala Funding unit, a mortgage conduit. The two banks sued Bank of America, which acted as middleman between the investors and Ocala, for $1.75 billion in 2009 over their losses on the notes.

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JP Morgan Chase Paid More than Half of $4 Million Settlement

Independent monitor Joseph A.Smith verified Chase's claim made in December that the bank had provided $2.24 billion in consumer relief credit to 111,924 borrowers as of the end of the third quarter (September 30, 2014). Chase has until December 31, 2017 – nearly three full years – to pay the approximate remaining amount of nearly $1.8 billion of its obligation toward consumer relief under the settlement.

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