lender

Justice Department Misrepresents JP Morgan Settlement

October 22, 2013

The DOJ gives up the ability to prosecute JP Morgan The settlement between JPMorgan Chase and the Justice Department has been reported at $13 billion, for charges that Chase sold toxic mortgage-backed securities that fueled the financial crisis of 2008. The reported $13 billion amount is a misrepresentation of the actual figure by the Justice…

Judge Rules Against a Bank – Precedent Could Cost Bank of America Billions

February 11, 2013

Bill Black: Judge rules that Flagstar, a big mortgage lender that gave “liars loans”, is liable to insurance company – same issues at stake in Bank of America case