Morgan Stanley said it earned $6.2 billion, or $2.96 a share, from continuing operations in 2014. Read more
A ban on mandatory arbitration clauses in some mortgage loans took effect last month as part of new rules created by the Consumer Financial Protection Bureau. The rule, which was effective a... Read more
A number of consumer advocates are complaining that U.S. mortgage lenders are getting off too light in the settlement to resolve charges that they wrongfully foreclosed on many homeowners. I... Read more
Goldman Sachs and Morgan Stanley will pay a combined $557 million to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their hom... Read more
New York Attorney General Eric Schneiderman filed a civil fraud lawsuit against JPMorgan Chase & Co. last month over mortgage-backed securities packaged and sold by Bear Stearns. It was... Read more
Wells Fargo & Co., the largest U.S. mortgage lender, will pay $125 million and set up a $50 million assistance fund to settle U.S. allegations that it discriminated against minority bor... Read more
Two former CEOs at mortgage giants Fannie Mae and Freddie Mac are the highest-profile individuals to have been charged in connection with the 2008 financial crisis. In a lawsuit filed in New... Read more
Massachusetts filed suit against five major banks last month over deceptive foreclosure practices including such things as the “robo-signing” of documents. This could have an effect on negot... Read more
An embattled foreclosure law firm — criticized for a Halloween party which mocked the homeless, and which was recently shunned by Fannie Mae and Freddie Mac — will close. Accordi... Read more
Bank of America Corp. has reached a settlement with former Countrywide Financial Corp. institutional investors who elected not to join a $624 million class-action case that won court approva... Read more
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