Search Results for: Freddie Mac

The ongoing saga of major bank settlements with the Department of Justice, Fannie Mae and Freddie Mac is mostly the result of the economic crisis of 2007-2008. Prior to this time, Bank of America and JPMorgan Chase & Co. sold...

The US Court of Appeals for the Second Circuit on Tuesday upheld the dismissal of shareholders' lawsuit against Freddie Mac alleging the company misled investors by understating its sub-prime mortgage exposure and overstating...

The Federal Housing Finance Agency (FHFA) , acting in its capacity as conservator for Freddie Mac and Fannie Mae , on Friday announced a $5.1 billion settlement with JPMorgan Chase & Co. . The FHFA alleged...

A jury in the US District Court for the Southern District of New York on Wednesday found Bank of America (BOA) liable for fraudulently making bad loans and for removing quality checks for...

JPMorgan Chase & Co. may still face potential criminal liability regardless of a tentative $13 billion deal to settle civil disputes resulting from the US government's probe into mortgage-bond sales made by the banking...

Louise Bennetts, Cato Institute

Bank of America (BOA) on Monday reached a $10.3 billion settlement with Fannie Mae to settle claims that Countrywide Financial Corporation , now a BOA subsidiary, employed faulty lending practices on $1.4 trillion in...

US Attorney Preet Bharara on Wednesday filed a $1 billion civil lawsuit against Bank of America (BOA) claiming the bank committed fraud in residential mortgages. The claim was filed in...

JURIST Guest Columnist Joseph Marren, President and Chief Executive Officer of KStone Partners LLC, says that the recent health care reform act may be unconstitutional due to inaccurate financial reporting to the states and the public at large...This spring the...

US Attorney Preet Bharara filed a civil suit on Tuesday against Deutsche Bank in the US District Court for the Southern District of New York accusing the bank of engaging in mortgage fraud. Through...