Tag Archive

Jamie Dimon’s Cameos in Fannie-Freddie Lawsuit

Published on October 23, 2013 By admin

The following article is brought to you by Jonathan Weil at Bloomberg.Com Now that JPMorgan Chase & Co. and the Federal Housing Finance Agency are on the verge of a $4 billion settlement, it’s worth revisiting the occasionally prominent role that Jamie Dimon played in the complaint against the company by the government conservator for […]

What the foreclosure settlement means for you

Published on April 16, 2012 By admin

The following article by Les Christie at Money.CNN.Com. NEW YORK (CNNMoney) — The $26 billion foreclosure settlement has finally been given the green light, making it possible for roughly two million of the nation’s hardest hit borrowers to see a significant reduction in their mortgage payments. Agreed to between the nation’s five largest banks and […]

Homeowner assistance program is expanded

Published on February 1, 2012 By admin

The following article is brought to you by UTSanDiego.Com The Obama administration, seeking to help more homeowners lower their interest rates and shed mortgage debt, will relax the rules on a federal loan-modification program and triple its incentives to banks. The revised Home Affordable Modification Program, or HAMP, also would pay Fannie Mae and Freddie […]

Banks agree to change mortgage lending practices and offer financial settlement

Published on January 25, 2012 By admin

The following is brought to you by Examiner.Com Bank of America, JPMorgan Chase, Citibank, Wells Fargo, and Ally Financial- the five largest American mortgage lenders- have agreed to make significant changes to their industry practices. Multiple factors have been cited for the financial crisis that began in 2008 and led to millions of home foreclosures, […]

SEC accuses former Fannie Mae, Freddie Mac bosses with fraud

Published on December 16, 2011 By admin

The following article is brought to you by Jim Puzzanghera at LATimes.Com. Six former top executives of housing finance giants Fannie Mae and Freddie Mac were accused of securities fraud Friday by federal regulators for allegedly misleading investors about the size of the companies’ risky subprime mortgage holdings. Among those in the SEC’s civil action […]