On Tuesday, Jed Rakoff, the U.S. District Judge in Manhattan, approved Bank of America Corporation's (BAC) $315 million settlement with investors related to the Public Employees' Retirement System of Mississippi ...
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BofA's $315M Settlement Approved
Posted by mortgage 12 days ago (Editorial)
BofA?s Merrill Lynch Settlement Inadequate, Lawyers Contend
Posted by mortgage 25 days ago (Editorial)
Bank of America Corp. directors? $20 million settlement of investor lawsuits alleging the bank overpaid when it bought Merrill Lynch & Co. amounts to just 4 percent of the board?s $500 million in insurance coverage and is inadequate, lawyers objecting to the accord said.
H&R Block unit agrees to $28.2M SEC settlement
Posted by mortgage 28 days ago (Editorial)
The U.S. Securities and Exchange Commission said Monday that H&R Block Inc. subsidiary Option One Mortgage Corp. has agreed to pay $28.2 million to settle charges that it misled investors about subprime mortgage offerings.
Home Foreclosures To Increase Rapidly After $26 Billion Mortgage Settlement Is Finalized
Posted by mortgage 39 days ago (Editorial)
Tens of thousands of squatters throughout the United States may soon find themselves thrown into the streets as a $26 billion mortgage settlement. Under the settlement the nation?s five biggest mortgage lenders have agreed to speed up the foreclosure process for tens of thousands of homes by creating new strict guidelines that banks must follow [...] Home Foreclosures To Increase Rapidly After ..
Apple, Bofa Settlement, Facebook, Cordray Speech: Compliance
Posted by mortgage 42 days ago (Editorial)
Apple Inc. (AAPL) and the publisher Macmillan could be sued as soon as today by the U.S. Justice Department over alleged collusion in the pricing of e-books, according to two people familiar with the matter.
How the National Mortgage Settlement Will Impact Communities of Color
Posted by mortgage 50 days ago (Editorial)
OAKLAND, Calif. -- The Insight Center for Community and Economic Development's Closing the Racial Wealth Gap Initiative will host a webinar on Wednesday, April 4, 2012 on how the national mortgage settlement ...
Giant Mortgage Settlement Filed In Court
Posted by mortgage 71 days ago (Editorial)
Get Business Mobile Text Alerts The landmark, $25 billion mortgage foreclosure settlement with five major home mortgage servicers, which includes more than $190 million in aid for Connecticut homeowners, was filed in federal court in Washington D.C.
Lowering our expectations for foreclosure settlement
Posted by mortgage 77 days ago (Editorial)
The shortcomings of the $25-billion deal with five major banks seem to proliferate with each passing day. The federal government's response to the home mortgage crisis always has been an exercise in living down to one's lowest expectations.
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