Tag Archive

FDIC Sues Goldman, JPMorgan Over Mortgage-Backed Securities

Published on August 24, 2012 By admin

The following article is brought to you by Andrew Harris at BusinessWeek.Com. Goldman Sachs & Co. and units of JPMorgan Chase & Co. (JPM) and Ally Financial Inc. overstated the quality of loans underlying mortgage-backed securities they sold to the failed Guaranty Bank in Austin, Texas, according to lawsuits brought by the FDIC as its […]

FDIC Sues On Mortgage-Backed Securities Sold To Banks

Published on May 23, 2012 By admin

The following article is brought to you by Bob an Voris at Bloomberg.Com. The Federal Deposit Insurance Corp. sued a group of banks, including JPMorgan Chase & Co. (JPM), Citigroup Inc. (C), Bank of America Securities and Deutsche Bank AG (DBK), in two suits over mortgage-backed securities. The FDIC, acting as receiver for two failed […]

J.P. Morgan Chase & Co. (NYSE:JPM) Hit By Mortgage Lawsuit

Published on January 10, 2012 By admin

The following is brought to you by Rachael Brunelli at EMoneyDaily.Com J.P. Morgan Chase & Co. (NYSE:JPM) has been sued by HSH Nordbank over mortgage bond losses. Bloomberg has reported that J.P. Morgan Chase & Co. (NYSE:JPM), the biggest U.S. bank by assets, has been sued by the German lender HSH Nordbank AG in lawsuits […]

Investors sue JPMorgan, BofA

Published on October 3, 2011 By admin

The following is brought to you by Investors.Com Trying recover losses on $4.5 bil of soured mortgage debt, two investment groups sued JPMorgan and Bank of America, expanding the litigation targeting the 2 largest U.S. banks. Sealink Funding said from 2005-07 it bought nearly $2.4 bil of residential mortgage-backed securities from JPMorgan and $1.6 bil […]

Banks beware: Time is ripe for MBS breach-of-contract suits

Published on September 21, 2011 By admin

The following article is brought to you by Alison Frankel’s “On The Case”, at ThomsonReuters.Com Over the last couple of months Bank of America has taken a stock market and regulatory beating so brutal that it’s reportedly considering the previously unthinkable option of putting Countrywide into Chapter 11. BofA’s mortgage-backed securities exposure seems to have […]