U.S. Accuses Bank of America of a ‘Brazen’ Mortgage Fraud
The bank is accused of selling "defective" mortgages to Fannie Mae and Freddie Mac, the government-controlled housing giants, which were stuck with more than $1 billion in losses and many foreclosures.
View ArticleHow Bank of America Could Fight a Government Lawsuit
Legal minutiae may give Bank of America a basis to fight the claims in a recent Justice Department lawsuit, which relies on two statutes for seeking penalties, the False Claims Act and the Financial...
View ArticleMaking It Easier to Estimate Libor Losses
A government watchdog's report estimating Fannie Mae and Freddie Mac's Libor losses lays out an easy-to-follow road map for others.
View ArticleWith Freddie Mac Suit, Banks Face Billions More in Libor Claims
Unlike other plaintiffs, Freddie Mac looks to have a strong case because it dealt directly with many of the banks accused of manipulating the London interbank offered rate.
View ArticleBanks Seek to Overturn Judge’s Ruling in Critical Mortgage Case
The nation’s largest banks, facing a torrent of lawsuits over shoddy mortgage securities, are pushing to overturn a series of tough rulings in a high-stakes case filed by the Federal Housing Finance...
View ArticleIn Libor Ruling, a Big Win for the Banks
A judge's dismissal of the bulk of the claims filed by private plaintiffs against banks involved in a rate-manipulation scandal is certainly a major victory, but the banks should not get too far ahead...
View ArticleBig Profits at Fannie and Freddie Reignite Debate on Housing Supports
Fannie Mae and Freddie Mac reported huge profits for 2012, which is likely to intensify the debate over the amount of involvement that the government should have in supporting the housing market.
View ArticleIn the Markets, at Least, Fannie and Freddie Still Astound
The mortgage finance companies Fannie Mae and Freddie Mac are in conservatorship and the government wants to wind them down. Yet their share prices have jumped this year.
View ArticleOverhaul Efforts in Washington Reflect Few Lessons of Housing Crisis
Congress is working gingerly toward a solution to fix Fannie Mae and Freddie Mac, a process dominated by emotional battles and financial interests.
View ArticleLawsuit Tries Creative Approach Against Fannie and Freddie Bailout
Shareholders of Fannie Mae and Freddie Mac are relying on a constitutional argument against the government rescue of the two to try to recover money from the government, the author writes.
View ArticleAn Old Champion Returns for Mortgage-Based Bonds
The new firm run by Lewis S. Ranieri, who in the 1980s helped pioneer the mortgage-backed security, sold $251 million of them in a single deal.
View ArticleHedge Fund’s Suit on Fannie and Freddie May Spell Trouble for U.S.
The government’s failure to cleanly deal with Fannie and Freddie's stock and bondholders during the financial crisis is coming back to haunt it, the authors write.
View ArticleBank’s Midlevel Executive Becomes a New Face of the Housing Crisis
Rebecca S. Mairone, once of Countrywide, is a rare midlevel executive found liable in the mortgage crisis.
View ArticleAn Argument for Federal Involvement in Housing
There’s an argument to be made that preserving the government’s role in the mortgage market will make it safer and more efficient than reforms will.
View ArticleU.S. Poised to Announce $13 Billion JPMorgan Settlement
The deal with JPMorgan Chase over its mortgage practices, expected as soon as Tuesday, will detail how a $13 billion payout will be divvied up.
View ArticleThe True Accountability in the JPMorgan Settlement
While criminal fines and civil penalties make for big headlines, the Justice Department also negotiated some relief for homeowners who suffered from JPMorgan’s mortgage practices.
View ArticleWhere Does JPMorgan’s $13 Billion Go?
The money will flow to a range of government authorities, some more obscure than others.
View ArticleBank of America Reaches Settlement With Freddie Mac
The bank will pay Freddie Mac $404 million to settle all residential mortgage repurchase agreements and other claims related to loans sold from 2000 to 2009.
View ArticleDeutsche Bank to Pay $1.9 Billion Over Troubled Mortgage Securities
The German bank is the sixth entity to reach a settlement with the Federal Housing Finance Agency, which sued 18 banks and financial institutions.
View ArticleWall Street Predicts $50 Billion Bill to Settle U.S. Mortgage Suits
Using an analysis based on a settlement paid in the residential mortgage crisis by JPMorgan Chase, the banking industry calculated what the rest of the banks might pay.
View Article
