MBIA Inc. (MBI) shares surged after the bond insurer agreed with Bank of America Corp. (BAC) to dismiss a lawsuit over protection against mortgage-debt defaults, prompting speculation that the two firms are near a wider settlement of claims tied to soured subprime home loans.
Published News » Mortgage Lawsuits
MBIA Gains on Speculation of Accord With BofA on Mortgage-Debt Protection
Posted by mortgage 307 days ago (Editorial)
FCIC Hit For Leaking Bank Data
Posted by mortgage 310 days ago (Editorial)
A top federal bank regulator cast new clouds over the commission set up to probe the causes of the financial crisis, saying it violated a confidentiality agreement by making public hundreds of pages of sensitive bank examination records now being used by trial lawyers to sue banks.
Obama and the Establishment Have Tried Everything But Reaganomics
Posted by mortgage 311 days ago (Editorial)
President Barack Obama, Congressional Democrats, and the Washington Establishment have now tried everything to revive America?s moribund economy?except Reaganomics.
Countrywide Wages Victorious Tranche Warfare Against Investors
Posted by mortgage 311 days ago (Editorial)
Investors who sued over $351 billion in downgraded Countrywide Financial Corp. mortgage-backed securities after the 2007 subprime market collapse may have to settle for less than 1 percent of what they initially sought.
Mirabile Dictu! SEC Prods Banks Over Mortgage Litigation Reserves
Posted by mortgage 312 days ago (Editorial)
When the SEC wakes up and starts acting like a regulator, you know something serious is afoot. The Wall Street Journal reports that the securities agency, spooked by Bank of America setting aside over $20 billion for mortgage-related liability, has sent letters to "a number of banks" asking them to do a better job of disclosing what their legal liability is (the elephant in the room is of course
MBIA Gains on Speculation of BofA Accord on Debt Protection
Posted by mortgage 313 days ago (Editorial)
MBIA Inc. shares surged after the bond insurer agreed with Bank of America Corp. to dismiss a lawsuit over protection against mortgage-debt defaults, prompting speculation that the two firms are near a wider settlement of claims tied to soured subprime home loans.
Rampant problems cited in mortgage servicing industry
Posted by mortgage 314 days ago (Editorial)
Errors, misbehavior point to need for reform Anca Safta never missed a payment on her loan to expand her Lutherville home. But that didn't stop Safta's mortgage servicer from citing her this year for failing to pay, reporting her to credit agencies and threatening to foreclose.
MBIA Gains on Speculation of Accord With BofA on Debt Protection
Posted by mortgage 314 days ago (Editorial)
MBIA Inc. shares surged after the bond insurer agreed with Bank of America Corp. to dismiss a lawsuit over protection sold against mortgage-debt defaults, prompting speculation that the two firms are near a wider settlement of claims tied to soured subprime home loans.
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