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10 Feb 2012, 4:51 pm
However, a reason that the funds didn’t do well is that the loans they were invested in had been rated as “junk” or lower than investment grade. [read post]
9 Feb 2012, 8:00 pm by A. Brian Albritton
"   Additionally, the False Claims Act investigation also encompassed "allegations that the bank and Countrywide defrauded the FHA insurance fund by originating mortgage loans that were based upon inflated appraisals. [read post]
30 Jan 2012, 3:35 pm by Mandelman
It is 100 percent funded by U.S. taxpayers because if it weren’t for U.S. taxpayers Freddie Mac would be bankrupt. [read post]
The mortgage servicer is paid by the owner, investor or lender to service a mortgage loan. [read post]
27 Dec 2011, 9:18 am by Fei-Lu Qian
Liu and the NYC Pension Funds submitted shareholder proposals to JPMorgan Chase & Co., Goldman Sachs Group Inc. and Morgan Stanley requesting that they “hold senior executives financially accountable for losses that result from excessive risk-taking or improper or unethical product. [read post]
2 Dec 2011, 10:44 am
State and federal officials investigating mortgage practices have worked on settlements including proposals for banks to fund principal writedowns for homeowners. [read post]
30 Nov 2011, 2:15 pm by Mandelman
 JP Morgan Chase went from A+ to A; Goldman Sachs, Bank of America, Morgan Stanley and Citigroup were downgraded from A to A-; and Wells Fargo was cut from AA- to A+. [read post]
28 Nov 2011, 7:37 am by admin
    When a $300 million certificate of deposit held by Vanguard’s $114 billion Prime Money Market Fund from Rabobank in the Netherlands came due on Nov. 9, Vanguard decided to let the loan expire and move the money out of Europe. [read post]
16 Nov 2011, 5:56 am
Among these was Washington Mutual, which went into receivership with the FDIC and eventually was purchased by Chase. [read post]
15 Nov 2011, 8:50 am by Lovechilde
., the debt-buying firm that bought your loan on the Internet from Chase for two cents on the dollar. [read post]
14 Nov 2011, 9:06 am by Mandelman
Ferdinand Pecora Pecora’s questioning of Chase’s Chairman Albert Wiggin uncovered the fact that he had actually shorted Chase shares during the crash… betting against his own shareholders… and profiting from the falling prices. [read post]
4 Nov 2011, 1:42 am by Mandelman
  They’re not a private company… and the bankers they’re always blowing shouldn’t even be open for business because they’re completely insolvent and continue to remain alive only because they are on a combination of taxpayer funded life support, debt guarantees, and suspended accounting rule nonsense sanctioned by the king of transparency himself… the man who, more than any other I can think of, should be in a cell… Treasury Secretary Tim… [read post]
30 Oct 2011, 6:25 am by Mandelman
” Note that it does not say that a lawyer in California  has to do everything loan modification related, up to and including finding out if the lender or mortgage servicer has agreed to modify the homeowner’s loan, or denied the modification request, before getting paid. [read post]
13 Oct 2011, 10:46 am by Ryan Bowers
  The bank had previously loaned money to the owner of the property to fund the construction, loans which were secured by mortgages on the real estate. [read post]
12 Oct 2011, 6:14 pm by eithurburn@getnicklaw.com
Morgan Chase, and Ally Financial will help fund loan modifications for homeowners and will agree to standards for foreclosures. [read post]