CLICK BELOW TO REDISCOVER HUMANITY

A DECADE+ OF STORYTELLING POWERED BY THE BEST WRITERS ON THE PLANET

Tag: Mortgage-backed security

Give Lenders More Time to Implement New Borrower Disclosure Rules

The Consumer Finance Protection Bureau (CFPB) will soon implement new rules to better inform borrowers about their mortgage loans and give them more accurate...

2015 Housing Trends: Will The Echo Bubble Continue Expanding?

Considering the reality that only the top 5% have benefited from the policies of the past six years, it's difficult to see how the...

How Come HSBC’s $550 Million Housing Settlement Actually Costs Taxpayers $192...

HSBC is paying the Federal Housing Finance Agency (FHFA) $550 million in a settlement. Here’s the full text of the settlement agreement and the...

How One “Sack Of Sh#t” Mortgage-Backed Security Came To Define The...

The history of SACO 2006-8, as told through court documents dating back more than six years, provides a view into how the mortgage-backed security...

Toxic Loan Peddlers Failed to Foresee the Housing Crash

When the housing market collapsed under a pile of toxic mortgage paper, many ordinary people lost money on their investments, their properties declined in...

Judge rules Goldman must face lawsuit over mortgage securities

A proposed class action by a Detroit pension fund accusing Goldman Sachs of misleading investors about mortgage-backed securities can go forward, a federal judge...

Banks Keep Their Mortgage Litigation Reserves a Secret

From JPMorgan Chase’s $13 billion settlement over mortgage securities to lawsuits brought by bondholders, a barrage of litigation has been raining down on Wall...

What Have Mortgage Settlements Done For Homeowners Lately?

This week, JPMorgan Chase agreed to a $13 billion settlement with the Justice Department over the sale of faulty mortgage securities that led to...

Wall Street Slumlords’ Are Back

You’d think that investors would run away from a new Wall Street innovation as fast as Congress runs away from a good idea. But...

DOJ sees JPMorgan MBS Deal Template for Future Bank Settlements

The Justice Department plans to use its tentative $13 billion settlement with JPMorgan Chase as a blueprint for reaching similar deals with other banks...