U.s. Seals Mortgage Settlement With Top Banks

Mortgage Settlement

WASHINGTON (Reuters) - The U.S. government said on Thursday that the biggest U.S. banks will provide $25 billion in relief to distressed homeowners and states, as officials hold lenders responsible for taking illegal shortcuts during foreclosures and other mortgage paperwork.

  • US identifying people to target for their role in mortgage crisis
    WASHINGTON--U.S. Attorney General ... marketing risky mortgage securities in the run-up to the financial crisis. JPMorgan Chase & Co agreed to a $13 billion deal in November 2013; Citigroup Inc signed a $7 billion settlement in July 2014; and Bank of ...
    02/17/2015 - 2:57 pm | View Link
  • Behind ‘American Sniper,’ a Lot of Legal Sniping
    Kyle Bass, who had made a fortune shorting subprime mortgage bonds. Mr. Bass had turned to the Navy SEAL community in search of a workout to get him back in shape. Soon, he was calling on Mr. Kyle and other SEALs ... settlement still needs court approval ...
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  • Citigroup Seals $968M Mortgage Pact With Fannie Mae
    The settlement covers first mortgage loans sold by Citi to Fannie between 2000 and 2012 that may have been challenged due to breaches of representations and warranties. Citi and other major U.S. lenders like Wells Fargo (WFC) and Bank of America (BAC ...
    07/1/2013 - 2:56 am | View Link
  • U.S. banks agree to $25 bln mortgage settlement
    The settlement announced on Thursday at the U.S. Justice Department seals more than a year of negotiations after ... at a time when roughly one in four borrowers owe more on their mortgage than their home is worth. The housing settlement gives President ...
    02/9/2012 - 5:12 am | View Link
  • U.S. reaches mortgage settlement with top banks
    The payments are part of a $25 billion package negotiated between the U.S. Justice Department ... Co., Citigroup Inc. and Ally Financial Inc. announced Thursday. The settlement seals more than a year of negotiations after evidence emerged late in 2010 ...
    02/9/2012 - 5:08 am | View Link
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  • The Top Twelve Reasons Why You Should Hate the Mortgage ...
    As readers may know by now, 49 of 50 states have agreed to join the so-called mortgage settlement, with Oklahoma the lone refusenik. Although the fine points are ...
    03/30/2015 - 5:03 pm | View Website
  • Foreclosures (2012 Robosigning and Mortgage Servicing ...
    News about Foreclosures (2012 Robosigning and Mortgage Servicing Settlement), including commentary and archival articles published in The New York Times.
    03/29/2015 - 7:56 pm | View Website
  • Joint State-Federal Mortgage Servicing Settlement FAQ ...
    This Web site was developed and is hosted and maintained by the Attorneys General on the Executive Committee that negotiated the settlement. For questions regarding ...
    03/29/2015 - 7:20 pm | View Website
  • Documents for the Mortgage Servicing Settlement | OPA ...
    Office of Public Affairs Direct Line (202) 514-2007. Department of Justice Main Switchboard (202) 514-2000
    03/27/2015 - 3:55 pm | View Website
  • U.S. News | National News
    ABC News reports on United States politics, crime, education, legal stories, celebrities, weather, the economy and more
    03/27/2015 - 5:40 am | View Website
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