Citigroup paying $75M to settle fraud charges
Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007. The Securities...
View ArticleNY, California to sign mortgage settlement
New York and California have agreed to sign the proposed settlement between U.S. states and the nation’s biggest mortgage lenders over foreclosure abuses, according to a source close to the...
View ArticleStates, banks reach $25B foreclosure settlement
U.S. states have reached a $25 billion deal with the nation’s biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst. Federal and state officials announced the...
View ArticleNY AG sues JPMorgan over Bear Stearns securities
The lawsuit is the first to be filed under the auspices of the RMBS Working Group, which was set up by President Barack Obama to investigate and prosecute alleged misconduct that contributed to the...
View ArticleFeds support lawsuit against JPMorgan
The Obama administration has been under heavy political pressure to hold major Wall Street players accountable for the nation's biggest financial collapse since the Great Depression.
View ArticleMorgan Stanley facing discrimination lawsuit
The five homeowners in the lawsuit received their loans from subprime lender New Century Mortgage Corp., which has since collapsed.
View ArticleCitigroup to pay $7B in subprime mortgages probe
Citigroup will pay $7 billion to settle an investigation into risky subprime mortgages, the type that helped fuel the financial crisis.
View ArticleTop subprime mortgage firm accused of abuses
The nation's largest servicer of subprime mortgages has engaged in abuses that could potentially harm hundreds of thousands of borrowers, according to the New York Superintendent of Financial Services.
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