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Another Hit: Banks Get Slammed With $949M Lawsuit

Published on February 29, 2012 By admin

The following article is brought to you by FoxBusiness.Com. JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp.and more than a half dozen other major banks are being hit with a new lawsuit over $949 million in residential mortgage-backed securities. A summons was filed Tuesday by Sealink Funding Ltd, an Irish entity that oversees […]

U.S. halts mortgage fees to three big banks J.P. Morgan, B. of A., Wells need ‘substantial’ improvements

Published on June 10, 2011 By admin

The following article is brought to you by Ronald D. Orol of Market Watch. WASHINGTON — The Obama administration on Thursday halted payments to three of the largest U.S. banks until they make “substantial” improvements to their performance in a mortgage assistance program. J.P. Morgan Chase & Co. JPM -1.42% , Bank of America Corp. […]