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Bank of America

Holding individuals responsible for the financial crisis

Jul 31, 2014
A former Countrywide employee was fined $1 million, but such cases are rare.
Posted In: Bank of America, mortgage crisis, lenders

Bank of America could shell out as much as $10 billion

Jul 16, 2014
A look at how much Bank of America has set aside for mortgage settlements.
Posted In: mortgage crisis, Bank of America, earnings report
U-Haul

Fewer homeowners drowning in mortgage debt

Jun 5, 2014
New data shows the number of American homeowners underwater continues to decline.
Posted In: mortgage crisis, home equity

JP Morgan close to $13 billion mortgage-lending settlement

Oct 21, 2013
$4 billion would go to help struggling homeowners in regions where the housing crash hit hardest.
Posted In: JPMorgan Chase, Jamie Dimon, mortgage crisis, mortgage fraud, financial crisis

5 years after Lehman, subprime mortgages return

Sep 12, 2013
Mortgage lenders fueled the financial collapse by marketing subprime loans to people who couldn't afford them. They disappeared as the housing market crashed, but subprime mortgages could return.
Posted In: subprime, mortgage, mortgage crisis, Housing, home loans

U.S. demands JPMorgan pay $6 billion penalty

Aug 28, 2013
It's of those mornings where the brass at JPMorgan might not want to read the papers.
Posted In: JPMorgan Chase, mortgage crisis, mortgage fraud, London Whale

Feds sue Bank of America over 'hustle' home loans

Oct 25, 2012
Federal prosecutors in New York are accusing the bank of defrauding the government by rushing home loans through the approval process, then selling them to Fannie Mae and Freddie Mac.
Posted In: Bank of America, Countrywide, home loans, mortgage crisis

Former regulator Sheila Bair on the financial crisis

Sep 25, 2012
It may be too early to assign blame for Europe's economic crisis, but it is not too early to figure out what went wrong in this country back in 2008. Sheila Bair headed the FDIC back then, and is out with a new book this morning, in which she says she saw signs of trouble in subprime mortgages way back in 2006.
Posted In: FDIC, financial crisis, mortgage crisis

Treasury turns $25 billion profit from mortgage securities

Mar 19, 2012
The U.S. Treasury has profited from buying mortgage-backed securities during the financial crisis.
Posted In: U.S. Treasury, mortgage crisis, mortgage-backed securities

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