Search Results for: foreclosure

JPMorgan Chase & Co. Settlements with the US Department of Justice The US Department of Justice announced on November 19, 2013 that JPMorgan Chase & Co. had agreed to a record-setting $13 billion settlement over its risky mortgage practices that...

Sub-prime loan practices began in the mid-1980s as lawmakers sought to increase housing opportunities. Prior to this, many Americans were unable to purchase a home due to credit scores below 550. Census data compiled by the Federal Reserve shows that...

The 2008 financial crisis cost investors, consumers and businesses alike. Sub-prime lending practices devolved into a riskier regime from their time of inception to address disproportionate ratios in racial borrowing power in the 1980s to the housing bubble of the...

Igor Shleypak, University of Illinois College of Law

Former Michigan Supreme Court justice Diane Hathaway was sentenced on Tuesday to a year and a day in prison for bank fraud. Hathaway concealed assets while dealing with a bank to arrange a short sale on her home, which...

Wells Fargo claimed Thursday that a federal lawsuit filed by the US government to recover money from defective mortgages is barred by a settlement reached earlier this year. The government filed the lawsuit last month,...

The US Securities and Exchange Commission (SEC) announced Tuesday that Wells Fargo will pay a $6.5 million fine for improperly selling high-risk mortgage securities to investors during the housing market crash in 2007....

JURIST Guest Columnist Sapphire Jule King of the International Freedom Coalition argues that states need to enact comprehensive legislation to protect the homeless...Rhode Island's Homeless Bill of Rights, the first in the nation, makes history by protecting individuals and families...

Federal Judge Denise Cote on Wednesday dismissed a securities lawsuit against Goldman Sachs Group Inc. and 41 other defendants claiming that the banks helped mislead investors in the $12.2 billion stock offering by...

A judge for the US District Court for the District of Columbia has approved a $25 billion settlement agreement to address mortgage loan servicing and foreclosure abuses. The settlement was between US Attorney General Eric...