Tennessee-based investment firm Morgan Keegan & Co. may soon be up for sale after agreeing to pay federal and state regulators $200 million to settle civil charges of defrauding investors during the housing crisis.
Published News » Subprime Mortgage
Morgan Keegan to pay $200M in fraud settlement
Posted by mortgage 334 days ago (Editorial)
Altria, Transocean, Morgan Keegan, Tata in Court News
Posted by mortgage 334 days ago (Editorial)
State attorneys general are considering a proposal to end a fight with tobacco companies over $7.1 billion in payments their states claim under a 1998 settlement.
JPMorgan pays $153.6 million to settle fraud accusations about mortgage-backed securities
Posted by mortgage 335 days ago (Editorial)
JPMorgan Chase & Co. is paying $153.6 million to settle accusations that it misled investors about mortgage-backed securities it sold just as the financial crisis was beginning. The Securities and Exchange Commission said in a complaint filed in Manhattan federal...
JP Morgan to pay $153M to settle mortgage security charges
Posted by mortgage 335 days ago (Editorial)
JPMorgan Chase & Co. is paying $153.6 million to settle accusations that it misled investors about mortgage-backed securities that it sold with help from a Chicago-area hedge fund as the financial crisis was beginning.
JPMorgan Fined Over Subprime Mortgage Securities
Posted by mortgage 335 days ago (Editorial)
Investment bank JPMorgan, a subsidiary of JPMorgan Chase & Co., will pay SEC to settle the suit.
Expect further crackdown on foreclosure fraud violations
Posted by mortgage 335 days ago (Editorial)
The sweeping extent of fraud in the mortgage and foreclosure crisis has the public clamoring for the government to punish those involved in the meltdown, most recently, two Twin Cities men who were found guilty of racketeering.
AIG Commits 'Corporate Suicide' Without Dr. Strangelove
Posted by mortgage 335 days ago (Editorial)
James Pressley The Associated Press (c) 2011, Bloomberg News Early in his book "Fatal Risk," investigative reporter Roddy Boyd describes the curious office where American International Group Inc. committed what he calls "corporate suicide." "The walls of the room contained row after row of books, from arcane academic works covering the mathematical shape of interest ...
Europe debt crisis shadows Fed meeting on economy
Posted by mortgage 336 days ago (Editorial)
share: digg facebook twitter "The European debt crisis has the potential to have as big an impact as the subprime mortgage crisis did in the United States," said Sung Won Sohn, an economics professor at California State University. Once its meeting ends Wednesday afternoon, the Fed will issue a statement that's likely to say it will leave a key interest rate at a record low near zero for "an ...
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