BlackRock Inc., Pimco among plaintiffs against the bank alleging mishandling of trusts.
Read More »Credit Suisse Becomes the Latest to Settle
The Swiss-based bank became the third firm in a week to settle with the Department of Justice for conduct related to mortgage-backed securities leading up to the crisis.
Read More »Paid in Full: Chase Satisfies Settlement Obligation Early
JPMorgan Chase has satisfied its $4 billion consumer relief obligation under the terms of a November 2013 RMBS settlement.
Read More »Regions Bank Settles with DOJ Over Underwriting Violations
Regions Bank has become the latest financial institution to settle with the U.S. Department of Justice over its mortgage origination practices.
Read More »Bank of America is Getting Close. . .
Having just passed the two-year anniversary of a record RMBS settlement, Bank of America is close to paying off its obligation under the settlement terms.
Read More »Ex-Fannie Mae Chief Mudd Settles with SEC
Former Fannie Mae CEO Daniel Mudd and the Securities and Exchange Commission (SEC) have reached a settlement over a lawsuit the SEC filed against Mudd nearly five years ago.
Read More »Morgan Stanley Starts Paying Off RMBS Settlement Debt
Morgan Stanley has begun to fulfill its consumer relief obligations under a settlement with federal and state regulators in connection with mortgage-backed securities practices.
Read More »Monitor: Citi Makes Progress in Paying Settlement Debt
The bank agreed to pay $2.5 billion in consumer relief as part of a $4 billion settlement over RMBS in July 2014.
Read More »Ocwen Agrees to Settle Compliance Suits
The cases revolve around accusations stemming from 2012 that Ocwen lied to the FHA about its compliance with HAMP rules, as well as FHA insurance programs.
Read More »Wells Fargo Settles for $1.2 Billion Over ‘Shoddy’ Mortgage Practices
The settlement stems from Wells Fargo’s participation in the Direct Endorsement Lender program, a federal program administered by the Federal Housing Administration. It is the largest recovery for loan origination violations in FHA history.
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