By Jonathan Stempel NEW YORK (Reuters) – JPMorgan Chase & Co has agreed in principle to settle class action litigation arising from Bear Stearns' sale of $17.58 billion of mortgage securities that proved defective during the recent U.S. housing and financial crises. The largest U.S. bank, which bought Bear in 2008, will pay roughly $500 million to investors led by a group of pension funds, a …
NEW YORK — Griffin Land & Nurseries, Inc. (“Griffin”) announced that a subsidiary of its real estate business, Griffin Land, LLC, closed on a $21.6 million nonrecourse mortgage loan (the “Mortgage …
Yahoo Finance is answering your most-searched finance questions of the year. The fourth most-searched questions was: “Should I refinance my mortgage?”
Eclipse Residential Mortgage Investment Corporation reports that each shareholder who submitted Class A Shares for redemption on December 30, 2014 will receive 41.4% of their total shares submitted for …
But only new customers will reap the full rewards.
NEW YORK, Dec, 31, 2014 /PRNewswire/ — Mortgage rates moved slightly higher for a second consecutive week, with the benchmark 30-year fixed mortgage rate rising to 3.99 percent, according to Bankrate.com's weekly …
NEW YORK ( MainStreet ) — Imagine having a retirement safety net that cost nothing to maintain and actually grew as you aged rather than getting smaller. How would that affect other parts of your financial plan?
Morgan Stanley is in talks with the U.S. to resolve an investigation into the bank’s creation and sale of mortgage-backed bonds, the latest in a string of Wall Street cases tied to the 2008 financial crisis, a person familiar with the matter said.
NEW YORK, Dec. 24, 2014 /PRNewswire/ — Mortgage rates rose for the first time in seven weeks, according to Bankrate.com's (NYSE: RATE) weekly national survey. The benchmark 30-year fixed mortgage rate …
NEW YORK (TheStreet) — Bill Erbey made more than $2 billion building what looked like a better mousetrap for collecting mortgage debt, but much of that fortune vanished in 2014 and on Monday Erbey was forced to resign as chairman of five companies he oversaw. Even Ocwen Financial , the best known of Erbey's companies, isn't exactly a household name, but in just a few years it became the largest …