Search Results for: Fannie Mae

US government reaches $5.1 billion settlement with JPMorgan

October 26, 2013 09:45:11 AM

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...

October 24, 2013 01:56:44 PM

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...

October 21, 2013 11:18:21 AM

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...

August 7, 2013 06:23:53 AM

The US Department of Justice (DOJ) on Tuesday filed suit against Bank of America (BOA) in the US District Court for the Western District of North Carolina , claiming the corporation misled...

January 11, 2013 01:55:00 PM

Louise Bennetts, Cato Institute

January 7, 2013 11:20:22 AM

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...

October 24, 2012 04:11:21 PM

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...

March 10, 2012 08:00:00 AM

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...

July 15, 2010 03:38:37 PM

The US Senate on Thursday voted 60-39 in favor of comprehensive financial reform legislation , sending it to President Barack Obama . The vote on the Restoring American...

October 27, 2009 10:36:00 AM

Allan Meltzer : "Congress and the administration typically try to find scapegoats to satisfy the public that they are dong something about failed policies. In the 1980s, the alleged culprits were venal operators of...

READ MORE ▸

Newer

…

Older
Oldest

THIS DAY @ LAW

Line of Demarcation divides the New World between Spain and Portugal

On May 4, 1493, Pope Alexander VI promulgated the Line of Demarcation, dividing the New World between Spain and Portugal in response the return of Christopher Columbus from his discovery of the American continents. However, neither country was entirely satisfied with the placement of the Line. A year later on June 7, 1494, the two nations signed the Treaty of Tordesillas, which moved the Line of Demarcation further west, giving Portugal claim to Brazil.

Kent State student shootings precipitated lawsuits

On May 4, 1970, National Guardsmen at Kent State University opened fire on students protesting the US invasion of Cambodia, killing four.

Review a legal chronology of the Kent State shootings, from May 5, 1970 (the day the FBI investigation started) to January 4, 1979 (the day the state of Ohio reached an out-of-court settlement for $675,000 with victims and relatives of victims).