By Jonathan Stempel NEW YORK (Reuters) – JPMorgan Chase & Co has agreed to pay $500 million to end more than six years of class action litigation over Bear Stearns' sale of $17.58 billion of mortgage securities that proved defective during the U.S. housing and financial crises. The all-cash settlement was made public late Monday, and requires approval by U.S.
JPMorgan Chase & Co has agreed to pay $500 million to end more than six years of class action litigation over Bear Stearns' sale of $17.58 billion of mortgage securities that proved defective during the U.S. housing and financial crises. The all-cash settlement was made public late Monday, and requires approval by U.S. District Judge Laura Taylor Swain in Manhattan. It resolves claims that Bear …
Total of 26,576 home loans approved in 2014, says Banking & Payments Federation
By Aruna Viswanatha and Karen Freifeld WASHINGTON/NEW YORK (Reuters) – A U.S. judge on Monday rejected allegations by the New York state attorney general that Wells Fargo was violating the $25 billion mortgage settlement that federal and state authorities reached with five banks in 2012. U.S. District Judge Rosemary Collyer described Attorney General Eric Schneiderman's allegations as “so …
With negative interest rates in Germany, Switzerland, Ireland, Belgium, and Denmark, it was about time that we saw negative mortgage rates in Europe too.
Americans know how much money they make, but scratch their heads about their single-largest monthly expense.
Retirement Funding Solutions , a Division of Synergy One Lending, announced today that it has entered the reverse mortgage business and plans to expand its San Diego Fulfillment Center in the first quarter of 2015.
WASHINGTON, DC — via PRWEB – A new survey finds mortgage and housing industry professional believe President Obama's recent announcement to reduce the price of FHA annual premiums will have a minimal …
NEW YORK ( MainStreet ) — It's official: Ninety percent of Americans look to the Web to get a mortgage, with one-third saying an online-only mortgage process is preferable to paper-based processes.
Mandate National Mortgage Corporation – Updated Fourth Quarter 2014 Dividend