Tag Archive

NY mortgage fraud may top $100M

Published on September 1, 2013 By admin

The following article is brought to you by CATHERINE CURAN at NYPost.Com New York City and state have suffered massive mortgage-document fraud, with damages potentially exceeding $100 million. That’s the explosive allegation by whistleblower Lynn Szymoniak and her legal team, whose lawsuit against two-dozen major banks and mortgage servicers alleging violations of the False Claims […]

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 […]