· Find News from November 2013 on ConsumerAffairs. Our list of News includes automotive, appliance, food, technology, clothing, and more.
Barry Ritholtz, Bill Fleckenstein, aaron task: bailout nation
OCC: $2.6B foreclosure review checks cashed Trulia report shows buying cheaper than renting in most major metro areas It is cheaper to buy a two-bedroom home than rent one in 72% of major metropolitan areas around the U.S., according to the Trulia rent vs. buy index released Monday. The real estate data firm said.It is safe to say that the Independent Foreclosure Review (IFR) process has been an utter disappointment. The government (specifically the Federal Reserve and Office of the Comptroller of the Currency (OCC)) and 13 mortgage servicers arrived at this most recent $9.3 billion settlement after the IFR failed for two years to get money into the hands of borrowers.
On March 17, 2008, Bear Stearns shareholders filed a class-action lawsuit alleging that they were misled about the firm’s true financial condition leading up to its takeover by JPMorgan Chase on March 16.75 Beverly Hills billionaire H. Roger Wang sued Bear Stearns for fraud the next month, after losing more than $5.6 million on 150,000 shares.
viagra gnstig online kaufen ohne rezept One example, culled from the many possible price and coverage levels projected by the New York State of Health Marketplace, the so-called exchange on which companies list offerings: Factoring in a tax-credit subsidy, a Brooklyn family of four that makes $48,000 a year could pay as little as $143 a month.
Bank of America completes sale of Balboa Insurance The company (used to be Balboa, now QBE North America) used to be a great company but after being owned by Countrywide, Bank of America and now QBE it has lost its appeal. 90% of the IT associates have been replaced by an outsourcer, diluting away the ability to do custom solutions which used to be a competitive advantage.
NY judge: JPMorgan/Bear Stearns committed MBS fraud; dismisses case anyway. For the last two years, MBIA Insurance Corp. and J.P. Morgan Securities have been fighting in court.In September 2012, MBIA sued JPMorgan (and Bear Stearns, which was acquired by JP Morgan in 2008), alleging that Bear Stearns altered a third-party due diligence report so that MBIA would insure a $1.16 billion mortgage.
SRM Global Master Fund Ltd. P’ship v. Bear Stearns Cos. SRM Global Master Fund Ltd. P’ship v. Bear Stearns Cos. Visual; Similar Judgments; This is a paid feature.. of the Exchange Act and had also committed common law fraud under New York law.
Chicago area home prices up 14 percent in October Montgomery-area home sales up 14 percent in April from one. – Sales: According to the Montgomery Area Association of Realtors Multiple Listing Service, Montgomery-area home sales totaled 450 units during April, up 14.2 percent from 394 sales in the same month a year earlier.April sales were up 7.7 percent compared to 418 sales in March. Results were 27.8 percent above the five-year April average of 352 sales.
Posts about JP Morgan Chase written by Neil Garfield. Please Donate to Support Neil Garfield’s Efforts to stop Foreclosure Fraud.
The Dodd-Frank Act addressed these elements, but stopped short of breaking up the largest banks, which grew larger due to mergers of investment banks at the core of the crisis with depository banks (e.g., JP Morgan Chaseacquired Bear Stearns and Bank of America acquired Merrill Lynch in 2008).
EMC Mortgage /Bear Stearns/JP Morgan. Eminent Domain. Everhome. Fannie Mae – Freddie Mac. Petersen v. Bank of America(965 person Mass-join der case goes forward (12/14) crime-fraud exception. ocwen: letter from NY Dept. of Financial Services(8/14). JP Morgan Chase v. Porzio(Lost Note)(10.
In dismissing the case, the judge sent a warning letter to the bank’s law firm, horror stories is an unlikely market in which seemingly extinguished debts are avidly bought and sold by JPMorgan Chase, Bear Stearns and others.. it is related to mortgage servicing fraud and will be proven.