Search for: "Mortgage Investors Corporation"
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27 Jan 2009, 1:58 am
Plaintiffs’ lawyers have raised similar allegations against, for example, mortgage-backed pass through certificates sponsored by JP Morgan Acceptance Corporation (refer here); mortgage backed securities sponsored by GS Mortgage Securities Corp. [read post]
20 Nov 2012, 2:05 pm
The latest settlements bring the total amount recovered so far from the whistleblower lawsuit to $162 million.The mortgage lenders that settled the whistleblower lawsuit and the amounts they paid are: Countrywide Home Loans Inc. ($45 million), PNC Bank ($38 million), First Tennessee Bank ($16 million), SunTrust Mortgage ($10.2 million) and CitiMortgage ($7.5 million).In March, JPMorgan Chase agreed to pay $45 million to settle similar claims against it.The whistleblower lawsuit,… [read post]
14 Oct 2014, 8:15 am
Israel Hechter, 47, San Diego, California, the owner of San Diego-based mortgage investment firms Ocean 18, LLC, and Note Tracker Corporation, admitted in federal court that he paid $1 million in bribes to bank insiders at J.P. [read post]
30 Jun 2018, 5:05 pm
However real estate investors should be aware of something called piercing the corporate veil in which an individual may be held liable even if you have formed a business. [read post]
29 Oct 2011, 10:35 pm
The Delaware Attorney General on October 27 sued MERS, a Delaware corporation, for deceptive trade practices for sowing confusion among investors and consumers and running an extra-legal registration system riddled with errors. [read post]
24 May 2016, 9:37 am
The Vertical Funds include Vertical Recovery Management, LLC, Vertical Mortgage Fund I, LLC, Vertical US Recovery Fund, LLC, and Vertical US Recovery Fund II, LLC. [read post]
14 Oct 2010, 10:25 am
The company presented itself as the ideal investment for investors with strong religious beliefs, as exhibited in their corporate filings with the SEC. [read post]
5 Feb 2010, 11:58 am
The SEC has charged State Street for misleading investors about subprime mortgage investments and the Boston-based firm has agreed to settle those charges by repaying fund investors more than $300 million. [read post]
1 Oct 2007, 10:36 am
Government National Mortgage Association (Ginnie Mae) is a U.S. government-owned corporation. [read post]
19 Jan 2011, 8:32 pm
Today, the Wall Street Journal published an article summarizing the state of affairs for IMH Financial Corporation, formerly doing business as the IMH Secured Loan Fund (the acronym I-M-H stands for "Investors Mortgage Holdings"). [read post]
27 Jul 2011, 9:36 am
He added, “Investors who own the mortgages benefit too. [read post]
25 Feb 2016, 9:07 am
Class action suits definitely play an important role in deterring bad corporate behavior, but as a remedy, class actions make very little sense for injured investors who have meaningful losses. [read post]
25 Feb 2016, 9:07 am
Class action suits definitely play an important role in deterring bad corporate behavior, but as a remedy, class actions make very little sense for injured investors who have meaningful losses. [read post]
31 Mar 2021, 1:21 pm
Among a long list of other fraudulent acts, the SEC alleges that the individual also, “provided investors with documents reflecting false and inaccurate information concerning the profitability of the apartment complexes; sold overlapping ownership interests to investors using false operating agreements and, at times, forged signatures; frequently commingled investor funds to prop up real estate holdings that were struggling; and paid investors with fake… [read post]
7 Jun 2012, 6:14 am
In short, this agreement amounts to reflation with destruction of corporate equity to forgive the debts of the middle class. [read post]
24 Mar 2012, 11:15 am
District Court for the Northern District of California [official website] against Wells Fargo & Company [corporate website] to force the company to hand over documents connected to the company's sale of nearly $60 billion in residential mortgage-backed securities to investors. [read post]
9 Dec 2009, 1:30 am
Kenneally, Rossmoor, California, former Controller of New Century Financial Corporation, have been charged with securities fraud for misleading investors as New Century's subprime mortgage business was collapsing in 2006. [read post]
3 Feb 2015, 10:39 am
The lawsuits accuse the credit rating firm of defrauding investors and sending out inaccurate ratings on mortgage securities as a way to drum up more business, contributing to the 2008 financial crisis. [read post]
7 Sep 2007, 3:59 am
The unhappy owners of the debt, known as asset-backed commercial paper, include the government-owned Mortgage and Housing Corporation (C$257 million, or $243.6 million) ; the post office (C$37.9 million directly and C$27 million more in its pension [...] [read post]
21 Apr 2008, 7:00 am
The National City Corporation, the nation’s tenth-largest bank, said on Monday that it plans to raise $7 billion from a group of investors as it seeks to shore up its balance sheet against continued trouble in the mortgage market. [read post]
