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JPMorgan Sued Over $402 Million in Mortgage Securities

Published on April 23, 2012 By admin

The following article is brought to you by Chris Dolmetsch at BusinessWeek.Com. JPMorgan Chase & Co. (JPM) (JPM) was sued by DZ Bank (DZBK), Germany’s largest cooperative lender, over allegations the bank made false and misleading statements in selling residential mortgage-backed securities. The lawsuit, filed March 30, seeks about $402 million in damages, according to […]

Drop in Mass. foreclosures tied to fewer seizures

Published on March 5, 2011 By admin

The following article is brought to you by Jenifer B. McKim of The Boston Globe The number of home foreclosures in Massachusetts plunged in January, largely because lenders slowed the process of seizing properties following increased scrutiny over shoddy paperwork, housing specialists said. Foreclosure petitions, the first step in the process, dropped statewide by nearly […]