NEW YORK (Reuters) - Five major U.S. banks have agreed to pay $25 million to New York State over their use of an electronic mortgage database that the state said resulted in deceptive and illegal practices that led to more than 13,000 foreclosures. JPMorgan Chase & Co, Bank of America Corp and Wells Fargo & Co each agreed to pay $5.9 million in order to partially settle a lawsuit over their use .
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Banks to pay $25 million to NY state over mortgage system
Posted by mortgage 70 days ago (Editorial)
New York sues banks over electronic mortgage system
Posted by mortgage 109 days ago (Editorial)
NEW YORK (Reuters) - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices. Schneiderman filed the lawsuit against Bank of America Corp , Wells Fargo & Co and JPMorgan Chase & Co in New York state court in Brooklyn. The lawsuit is over the banks ...
Guaranteed Home Mortgage Company Announces Institution of New Lead Management System
Posted by mortgage 259 days ago (Editorial)
Guaranteed Home Mortgage Company, Inc., a national residential mortgage investment and banking firm, today announced its has instituted a new lead management system, Leads 360, to facilitate client relationships, manage its sales teams and integrate with its mortgage application process.White Plains, NY (PRWEB) September 07, 2011 Guaranteed Home Mortgage Company, Inc. (Guaranteed, http://www ...
Greece may roil financial system, observers say
Posted by mortgage 356 days ago (Editorial)
Former TARP boss Neel Kashkari and "The Big Short" author Michael Lewis - who viewed the 2008 financial crisis from different vantage points - both warned financial planners in San Francisco this week that a Greek debt...
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