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JPMorgan's $5 bln settlement on mortgage securities doesn't end its woes

Oct 26, 2013

JPMorgan's $5 bln settlement on mortgage securities doesn't end its woes

JPMorgan still faces heavy financial burdens. The bank has set aside $23 billion to cover legal costs and it may need it all. #HowThisWorks #Mortgage #JPMorgan Chase #Freddie Mac #Fannie Mae #Securities #Bernie Madoff
US sues Bank of America over 'toxic' mortgage scheme

Oct 25, 2012

US sues Bank of America over 'toxic' mortgage scheme

The US Justice Department is seeking $1 billion from Bank of America, alleging the bank committed fraud by selling defective mortgages from a programme it says was known within the bank as "the Hustle." #Bank of America #Freddie Mac #Fannie Mae #TheExplainer #mortgage loans
US to sue big banks over mortgage security  report

Sep 02, 2011

US to sue big banks over mortgage security report

According to a report in the New York Times, the Federal Housing Finance Agency, which oversees mortgage giants Fannie Mae and Freddie Mac, is expected to file suit against Bank of America, JPMorgan Chase, Goldman Sachs and Deutsche Bank, among other banks. #Finance #Investment #NewsTracker #JPMorgan Chase & Co. #Goldman Sachs #Bank of America #Freddie Mac #Fannie Mae #Deutsche Bank AG