Tag Archive

Where Does JPMorgan’s $13 Billion Go?

Published on November 22, 2013 By admin

The following article is brought to you by BEN PROTESS AND JESSICA SILVER-GREENBERG at NYTimes.Com They were some of the biggest losers in the 2008 financial crisis: Fannie Mae and Freddie Mac, federal taxpayers, state pension funds, credit unions and, of course, homeowners. But their fortunes turned somewhat on Tuesday, when they ended up on […]

New Fed Task Force Subpoenas 11 in Mortgage Fraud Probe

Published on February 7, 2012 By admin

The following article is brought to you by Jason Ryan of ABCNews.Go.Com. A new federal and state task force was created to investigate mortgage fraud that contributed to the 2008 financial crisis, and the panel immediately subpoenaed 11 financial institutions. Attorney General Eric Holder said the new unit would consist of 55 Justice Department lawyers […]

Schneiderman alleges mortgage fraud in suit against banks

Published on February 7, 2012 By admin

The following article is brought to you by Cara Matthews at Politics On The Hudson Attorney General Eric Schneiderman filed a lawsuit today against Bank of America, J.P. Morgan Chase Bank, Wells Fargo and Virginia-based MERSCORP Inc. and its subsidiary, Mortgage Electronic Registration Systems Inc., charging that a private electronic-mortgage registry system (MERS) they developed […]

JPMorgan CEO Said to Get About Same Total Pay for 2011

Published on January 22, 2012 By admin

The following is brought to you by Dawn Kopecki at Bloomberg.Com JPMorgan Chase & Co. (JPM) awarded Chief Executive Officer Jamie Dimon about the same amount for 2011 as the $23 million he received for the previous year, according to a person with knowledge of the decision. The person asked not to be identified because […]

U.S. Said Ready To Sue Big Banks Over Mortgages. FHFA To Seek Billions In Compensation: Report

Published on September 2, 2011 By admin

The following is brought to you by William L. Watts at MarketWatch.Com. WASHINGTON (MarketWatch) — A federal U.S. agency is ready to sue more than a dozen major banks, arguing that they misrepresented the quality of mortgage securities they put together and sold in the run-up to the bursting of the housing bubble, according to […]