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Mortgage Settlement

Map Illustrates Bank's Alleged Racist Mortgage Policies

The Huffington Post | Alexander C. Kaufman | Posted 09.02.2014 | Business

NEW YORK -- New York state filed suit on Tuesday against a Buffalo-based bank for allegedly not making home loans in black neighborhoods. Evans Ban...

Beyond Broke: Why the Racial Wealth Gap Matters

Dr. Maya Rockeymoore | Posted 06.29.2014 | Politics
Dr. Maya Rockeymoore

There are families in America who feel they have done all the "right things." They have played by the rules and worked hard but they aren't getting ahead financially. They have many things in common but the thing that is most striking is their racial make-up; they are mostly African-American and Latino.

Huge Settlement Deal Approved

Reuters | Posted 04.02.2014 | Business

By Karen Freifeld NEW YORK, Jan 31 (Reuters) - A New York state judge on Friday approved most of Bank of America Corp'...

JPMorgan Announces Historic Settlement

Posted 11.20.2013 | Business

JPMorgan Chase has reached a $13 billion agreement with the U.S. government settling claims that the nation's largest bank by assets misrepresented th...

Shahien Nasiripour

New York Fed Chief Levels Explosive Charge Against Big Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 11.08.2013 | Business

The head of the Federal Reserve Bank of New York said Thursday that some of America’s largest financial institutions appear to lack respect for the ...

Protecting Those Who Protect Us

Beau Biden | Posted 01.23.2014 | Business
Beau Biden

The men and women who risk their lives and fight to defend us overseas should not have to fight to defend their families at home at the same time. Their sole focus should be on completing the mission and returning home safely.

New York Goes After Major Bank

AP | MICHAEL GORMLEY | Posted 10.02.2013 | Business

ALBANY, N.Y. -- ALBANY, N.Y. (AP) — The state's attorney general says he's suing Wells Fargo to force compliance with terms of last year's national ...

JPMorgan Is Racing To Move Past Its Legal Woes

Reuters | Posted 09.25.2013 | Business

NEW YORK (Reuters) - JPMorgan Chase & Co, facing several investigations into its mortgage practices, is seeking a global settlement with U.S. governme...

Zach Carter

Consumer Watchdog Finds Mortgage Abuses Still Rampant

HuffingtonPost.com | Zach Carter | Posted 08.22.2013 | Politics

The Consumer Financial Protection Bureau on Wednesday issued a report detailing a host of failures in basic mortgage payment processing at U.S. financ...

Judge OKs Massive Settlement Over Toxic Mortgages

Reuters | Jonathan Stempel | Posted 08.20.2013 | Business

NEW YORK (Reuters) - A federal judge has approved a settlement in which Citigroup Inc agreed to pay bondholders $730 million to resolve claims that th...

In The Public Interest : Four Reasons Lawmakers Are Scrutinizing How Companies Turn Settlements From Wrongdoing Into Tax Write Offs

Phineas Baxandall | Posted 09.01.2013 | Politics
Phineas Baxandall

The oil giant BP paid for cleanup and compensation for their massive Gulf oil spill, and rightfully so. But was this a "necessary and ordinary cost of doing business" that deserved a $10 billion tax break? I think most of us would respond with a resounding, "no!"

Shahien Nasiripour

Banks Caught In How Many Mortgage Settlement Violations?

HuffingtonPost.com | Shahien Nasiripour | Posted 06.19.2013 | Politics

The government-appointed monitor overseeing mortgage practices as part of last year’s robo-signing settlement between five big U.S. banks and dozens...

OOPS

AP | By MARTIN CRUTSINGER | Posted 07.08.2013 | Business

WASHINGTON (AP) — Some 96,000 borrowers who received checks to compensate them for wrongful foreclosures on their mortgages will be getting an addit...

Ryan Grim

Key Democrat Criticizes Obama Administration For Lacking 'Political Will'

HuffingtonPost.com | Ryan Grim | Posted 04.24.2013 | Politics

WASHINGTON -- New York Attorney General Eric Schneiderman has privately criticized the Obama administration and the Department of Justice for not aggr...

Big Banks Face $100 Billion Legal Tab (At Least)

The Huffington Post | Mark Gongloff | Posted 03.28.2013 | Business

You may think that being a too-big-to-fail bank is just one long, consequence-free romp, but it does come at some cost: an enormous and growing legal ...

Ben Hallman

Mortgage Settlement Relief Fails To Reach Millions Of Foreclosed Homeowners

HuffingtonPost.com | Ben Hallman | Posted 03.05.2013 | Business

Betsy Berry was worried she would lose her home just outside of New Orleans. Though she had never missed a payment on her mortgage, she says, Bank of ...

Meet the Voice of Angry Homeowners

Joel Sucher | Posted 04.24.2013 | Business
Joel Sucher

Senka Huskic is mad, very mad and wants you to share that anger. Every notable historical battle that's pitted the outraged against the outrageous a...

Ben Hallman

Bank Mortgage Settlement Numbers 'Hugely Out Of Whack'

HuffingtonPost.com | Ben Hallman | Posted 02.21.2013 | Business

The largest mortgage settlement in U.S. history was pitched by its creators as a deal that would offer quick aid to 1 million people in danger of losi...

Who's Behind the Latest Bank Giveaway?

Adam Levin | Posted 03.26.2013 | Business
Adam Levin

After raising hopes that some defrauded homeowners may finally see justice, the agency's bungled investigation and rushed settlement only managed to twist the knife deeper. Simply put, it's a travesty and still, no one goes to jail.

Three Reasons Why Non-Foreclosed People Should Care About The Foreclosure Crisis

Ben Hallman | Posted 03.20.2013 | Business
Ben Hallman

Look, I know what you are thinking. Every day, it seems, comes news of another mortgage lawsuit or settlement, including a foreclosure abuse deal betw...

Big Banks Get Big Tax Break On Foreclosure Abuse Deal

AP | By MARCY GORDON | Posted 03.19.2013 | Business

WASHINGTON (AP) — Consumer advocates have complained that U.S. mortgage lenders are getting off easy in a deal to settle charges that they wrongfull...

Eleazar David Melendez

839 Laid Off At JPMorgan Chase In Fallout From Foreclosure Review Settlement

HuffingtonPost.com | Eleazar David Melendez | Posted 01.14.2013 | Business

The layoffs came swiftly at JPMorgan Chase and Co. last week following the announcement that a much-maligned program meant to identify and compensate ...

The Disturbing Inaction of Congress on the Mortgage Cliff

Adam Levin | Posted 02.05.2013 | Money
Adam Levin

While the fiscal cliff gets all the attention, the mortgage cliff is just as steep, and just as perilous. If American consumers take another big fall, our leaders are almost certainly not far behind.

California State Bar Leaves Homeowners to Fend for Themselves

Richard Zombeck | Posted 12.05.2012 | Business
Richard Zombeck

In an unprecedented move that can only be described as stunning ignorance, the California State Bar recently released a legal opinion that will effectively deny legal representation to millions of homeowners faced with foreclosure.

Back From the Vomitorium: The Looting of the Mortgage Settlement Agreement

Adam Levin | Posted 12.25.2012 | Money
Adam Levin

Politicians, not bankers, are the culprits this time around -- siphoning billions from that historic settlement and pumping it into their broken state budgets.