Search for: "Washington Mutual Bank Mortgage Securities" Results 41 - 60 of 155
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5 Feb 2009, 1:39 am
In 2008, the lawsuits against banks and other mortgage originators continued to mount, but the litigation activity spread beyond just residential mortgage and real estate issues. [read post]
22 Dec 2011, 12:01 am by Kevin LaCroix
For example, the $90 million Lehman Brothers directors and officers settlement (about which refer here), the $10.5 million Colonial Bank settlement (refer here), and $105 million of the $208.5 million Washington Mutual securities class action lawsuit settlement (refer here). [read post]
1 Oct 2012, 1:13 am by Kevin LaCroix
In what is by far the largest settlement of a credit crisis-related securities class action lawsuit, Bank of America has agreed to pay $2.43 billion to settle the suit filed against the company and certain of its directors and officers in connection with the bank’s financial crisis-driven acquisition of Merrill Lynch. [read post]
10 Jun 2014, 8:11 am by Allison Tussey
Unbeknownst to the Victim, Abakporo and Pierce never recorded the private mortgage and subsequently submitted a fraudulent application to Washington Mutual Bank seeking a $1.8 mortgage loan secured by the Property. [read post]
27 May 2014, 5:47 pm by Allison Tussey
  Avery was sentenced to 84 months in prison and ordered to pay restitution in the amount of $10,323,369 to the FDIC as Receiver for Washington Mutual, GMAC Mortgage, SunTrust Mortgage, Wells Fargo Bank, US Bank, and others. [read post]
11 Jun 2012, 1:27 am by Kevin LaCroix
  On June 8, 2012, the Wall Street Journal, in an article entitled “A Bank on the Run: How WaMu’s Demise Hit Home” (here) published an excerpt from a new book by Kirsten Grind entitled The Lost Bank, about the collapse of Washington Mutual. [read post]
13 Dec 2010, 5:50 pm by admin
Currently, several other banks have lawsuits filed against them, including: Bank of America lawsuit involving investors who purchased over $375 million in mortgage backed securities Citigroup, Inc. lawsuit, in part, for inappropriate underwriting of residential mortgage backed securities. [read post]
17 Dec 2020, 7:54 am by Philip R. Stein
Subpoenas issued by FDIC as Receiver for WAMU: We are aware of recent subpoenas sent to residential mortgage originators/sellers by the FDIC in its capacity as Receiver for Washington Mutual (WAMU). [read post]
16 Apr 2010, 5:19 am by Mandelman
These families were hardly a match for the sophisticated operation at Washington Mutual, run by Tom and Mario. [read post]
15 May 2012, 3:11 pm
To Explain Over $95B of Mortgage-Backed Securities, Institutional Investor Securities Blog, December 17, 2011 Washington Mutual Bank Bondholders’ Securities Fraud Lawsuit Against J.P. [read post]
16 May 2014, 6:28 am
Washington Mutual Bank (In re Enewally), 368 F.3d 1165, 1171-72 (9th Cir. 2004) and bankruptcy courts in Connecticut, North Carolina, Florida, Ohio, Pennsylvania, Michigan and Virginia, all of whom rejected hybrid Chapter 13 plans). [read post]
5 Apr 2009, 1:26 pm
In December 2008, after the Securities and Exchange Commission (”SEC”) concurred in the exclusion of shareholder proposals seeking greater disclosure of risks related to mortgage investments at Washington Mutual, a coalition of over 60 investors called on then President-Elect Obama to limit the ability of companies to exclude shareholder proposals related to corporate risk evaluation.[10] The corporate governance challenges for the companies… [read post]
22 Jan 2008, 8:20 am
LIUNA is asking Lehman Brothers, Washington Mutual, and Bear Stearns to report on mortgage originations and mortgage securitizations as "subprime, Alt-A, or other non-agency loan types. [read post]
28 Nov 2017, 11:41 am by Mohamed Al-Hendy and Tae Andrews
Nov. 13, 2017) addressed the issue of “direct” versus “indirect” losses in a dispute under a financial institution bond issued by Arch Insurance Company (Arch) to Washington Mutual Bank (WaMu). [read post]
17 Jul 2012, 1:14 pm
Several of these banks are also known by other trade names, including Countrywide (a trade name for Bank of America); Washington Mutual and EMC Mortgage (Chase); CitiMortgage (Citibank); Wachovia (Wells Fargo); and GMAC (Ally Financial). [read post]
5 Mar 2013, 6:19 am by Rebecca Tushnet
Washington Mutual Bank, No. 87105 (Wash. 2013) This story of foreclosure misbehavior raises a number of questions, including (1) how many people did this happen to who simply weren’t represented? [read post]
10 Jan 2011, 12:14 am by Kevin LaCroix
Among other cases that have survived are those involving Citigroup (refer here), AIG (here), Countrywide (here), Fannie Mae (here), Washington Mutual (here), New Century Financial (here), Sallie Mae (here) and Bank of America (here). [read post]
15 Jun 2009, 8:48 pm
The impact has been felt largely in the mortgage lending fieldâ€â [read post]
27 Apr 2011, 6:00 am by Shriram Harid
 However, OTS pursued no formal enforcement proceedings against Washington Mutual. [read post]